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Precipitate Gold Unaware of Any Material Change

Listings & Exchange Regulatory & Compliance

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Precipitate Gold Unaware of Any Material Change

Vancouver, B.C. – December 10, 2020 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV:

PRG, OTCQB: PREIF) wishes to confirm that it is not aware of any adverse material, undisclosed information

related to the Company and/or its projects that wou ld account for recent trading volume of its common

shares.

About Precipitate Gold:

Precipitate Gold Corp. is a mineral exploration com pany focused on exploring and advancing its mineral property

interests in the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic. The Company i s actively

exploring its 100% owned Ponton and Juan de Herrera projects. The Company’s Pueblo Grande Project is subject to an

Earn-In Agreement with Barrick Gold Corporation, wh ereby Barrick can earn a 70% interest by incurring US$10M

within six years and producing a qualifying Pre-fea sibility Study. Precipitate is also actively evalua ting additional high-

impact property acquisitions with the potential to expand the Company's portfolio and increase shareho lder value, in

the Dominican Republic and other favourable jurisdictions.

Additional information can be viewed at the Company’s website www.precipitategold.com .

On Behalf of the Board of Directors of Precipitate Gold Corp.,

“Jeffrey Wilson”

President & CEO

For further information, please contact:

Tel: 604-558-0335 Toll Free: 855-558-0335 [email protected]

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

TSX VENTURE: PRG | www.precipitategold.com

625 Howe Street, Suite 1020, Vancouver, BC, V6C 2T6

[email protected]

Toll free: 855 558 0335

Direct: 604 558 0335