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Precipitate Grants Incentive Stock Options

Share Capital & Compensation

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Precipitate Grants Incentive Stock Options

Vancouver, B.C. – January 29, 2021: Precipitate Gold Corporation (the “Company” or “Precipitate”) (TSXV:

PRG) announces that it has granted stock options to certain of its directors, officers and consultants to

purchase up to 2,690,000 common shares. Each optio n is exercisable to acquire one common share of

Precipitate at a price of $0.21 until January 29, 2 026. The options will vest in accordance with the

Company’s stock option plan and are subject to TSX Venture Exchange acceptance.

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 is 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, whereby Barrick can earn

a 70% interest by incurring US$10M within six years and producing a qualifying Pre-feasibility Study.

Precipitate is also actively evaluating additional high-impact property acquisitions with the potentia l 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