PRG.V · 2017-07-25 12:00:00

Precipitate’s Geophysical Surveying Generates More Targets at Melchor and Peak Zones

Exploration Programs

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Precipitate’s Geophysical Surveying Generates More Targets

at Melchor and Peak Zones

Vancouver, B.C. – July 25, 2017 - Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is

pleased to announce results and interpretation from the latest geophysical and geochemical surveys at the

“Melchor” and “ Peak ” Zones located at the southeastern end of the Compan y’s 100% owned Juan de

Herrera project in the Dominican Republic.

Precipitate has completed a comprehensive interpret ation of recently collected geophysical and

geochemical survey data at the Melchor and Peak Zone s, located approximately 12 kilometres (”km”)

southeast of the Company’s Ginger Ridge Zone. Together, soil and rock sample results, induced polarization

(“IP”) and airborne magnetic geophysical survey dat a identify multi-layered target areas for both the

Melchor and Peak Zones. See the accompanying two ma ps or the Company’s website for both Zones gold-

in-soil anomalies and IP + magnetics geophysics illustration maps.

Highlight results for the combined newly generated geochemical and geophysical data for the Melchor and

Peak Zones is as follows:

Melchor Zone

• Target area measuring 2.2 km by 0.6 km including th ree parallel and fairly well defined multi-

element soil anomalies with gold up to 181 parts per billion (“ppb”);

• Highlight rock grab sampling with gold values up to 7.7 g/t Au;

• The three southeast trending soil anomalies are fur ther defined by various geophysical features of

mixed moderate-high and low IP chargeability-resist ivity and magnetic low signatures, important

for potential gold mineralization in the region; and

• Geological mapping indicates much of the area to be underlain by regionally favourable rhyolite

and dacite rocks.

Peak Zone

• Target area measuring 2.0 km by 0.7 km, includes four loosely outlined multi-element soil

anomalies with gold up to 286 ppb;

• Highlight rock grab sampling with gold values up to 1.57 g/t Au and copper values to 0.6%;

• Geophysical responses including mixed moderate-high and low IP chargeability-resistivity and

magnetic signatures; are coincident with the soil anomalies;

• Located 4.5 km southeast of GoldQuest Mining’s Jengibre zone, where past work reported highlight

rock channel sampling results of 59.5 metres gradin g 1.58 g/t gold (see GoldQuest news release of

October 7, 2009) and rock samples to 17.7 g/t gold and 1.4% copper; and

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

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• Sampling of other areas between Peak and Melchor zones has reported gold-in-soil values up to

490 ppb and a rock grab sample with 0.47 g/t gold and greater than 1% zinc.

Jeffrey Wilson, Precipitate’s President and CEO com mented, “We are pleased that our extensive ground

exploration work over recent months continues to yi eld encouraging results. Collectively, IP and airbo rne

geophysical surveys, early stage geochemical sampli ng, along with the region’s first modern geological

mapping work have delineated additional prospective exploration targets that warrant drill targeting in the

future. The fact that we have now identified four t argets in addition to Ginger Ridge clearly demonstr ates

the metallogenic potential of this volcanic belt.”

Early stage soil sampling at the Melchor and Peak Zones covers an expanse measuring about 6.0 km by 1.5

km covering the prospective Cretaceous aged Tireo v olcanic rocks. Current soil sample density is gener ally

wide spread with samples collected at 50-100m inter vals along local ridges and paths; additional soil

sampling is essential and planned for the area. The gold-in-soil anomalies are defined by values excee ding

the 70th percentile or 4.0 ppb. To date, gold-in-soil value s for the two zones range from nil to 490 ppb.

These two early stage target areas and other nearby anomalous gold-zinc sample locations are the focus of

ongoing follow up exploration work.

Rock and soil samples were bagged, sealed and deliv ered directly to Bureau Veritas (“BV”) preparation fa cility in

Maimon Dominican Republic where they were dried, crushed (or sieved in the case of soils) and pulped. Sample pulps

were then delivered to BV facilities in Vancouver BC (an ISO 9001 accredited facility) for analyses. Sa mples were

crushed (or sieved) to with up to 80% passing 2mm a nd split using a riffle splitter (code PRP70-250). An approximate

250 gram sub-sample split was pulverized to minus 2 00 mesh (74μ). A 15 gram sub-split from the resulti ng pulp was

then subjected to aqua regia digestion and multi-el ement ICP-MS analysis (code AQ201). Rock sample res ults with

gold greater than 1,000 ppb were subjected to fire assay (ICP-ES finish) analysis (30 g pulp; code FA3 30-Au). The

induced polarization/resistivity survey was carried out by Matrix Geotechnologies Ltd of Toronto Ontar io, using a 10

kW generator Time Domain IP system using the Elrec Pro 10 channel receiver with a receiver dipole spac ing of 25

metres, (pole-dipole array), which provides quality subsurface resolution for 2D Quantitive Sections a nd 3D voxel

modelling for exploration drill targeting. The figu re accompanying this release shows a plan view of i nterpreted

gradient chargeability.

This news release has been reviewed by Michael Moor e P. Geo., Vice President, Exploration of Precipita te

Gold Corporation, the Qualified Person for the tech nical information in this news release under NI 43- 101

standards.

About Precipitate Gold:

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

property interests in the Tireo Gold Trend of the D ominican Republic. The Company also maintains asset s

in British Columbia and southeast Yukon Territory a nd is actively evaluating additional high-impact

property acquisitions with the potential to expand the Company's portfolio and increase shareholder value.

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

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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.

This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other

than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the

use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is ex pected", "budget", "scheduled", "estimates",

"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such w ords and phrases, or by the use of words or

phrases which state that certain actions, events or results may, could, would, or might occur or be ac hieved. This forward-looking information

reflects Precipitate Gold Corp.’s (“Precipitate” or the “Company”) current beliefs and is based on information currently available to Company and on

assumptions it believes are reasonable. Forward-loo king information is subject to known and unknown ri sks, uncertainties and other factors that

may cause the actual results, level of activity, performance or achievements of Precipitate to be materially different from those expressed or implied

by such forward-looking information. Such risks and other factors may include, but are not limited to: the exploration concessions may not be

granted on terms acceptable to the Company, or at a ll; general business, economic, competitive, political and social uncertainties; the concessions

acquired by the Company may not have attributes similar to those of surrounding properties; delay or failure to receive governmental or regulatory

approvals; changes in legislation, including enviro nmental legislation affecting mining; timing and av ailability of external financing on acceptable

terms; conclusions of economic evaluations; and lac k of qualified, skilled labour or loss of key indiv iduals. Although Precipitate has attempted to

identify important factors that could cause actual results to differ materially from those contained i n forward-looking information, there may be

other factors that cause results not to be as antic ipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-

looking information. Precipitate does not undertake to update any forward-looking information, except in accordance with applicable securities

laws.

Time Domain IP (PDP Array, 25m, 10 channel)

mV/V

1.5 1.8 2.0 2.3 2.6 2.8 3.0 3.2 3.4 3.7 4.0 4.5 7.1

Low

Chargeability

High

Chargeability

0 0.5 1.0

kilometre

281,000 282,000 283,000280,000278,000 279,000277,000

2,089,000 2,092,0002,090,000 2,091,000

map datum NAD 83 Z19N

Tireo Fm V

olcanicsPeralta Fm Sediments

July 2017

Juan de Herrera Project

Gold

Gold Soil Geochemistry (ppb)

13.1 to 490.4 (>95th percentile)

8.0 to 13.1 (90-95th %tile)

5.3 to 8.0 (80-90th %tile)

4.0 to 5.3 (70-80th %tile)

< 4.0 (< 70th %tile)

Gold Rock Geochemistry (ppb)

344 to 7,700 (>95th percentile)

120 to 344 (90-95th %tile)

27 to 120 (80-90th %tile)

12 to 27 (70-80th %tile)

< 12 (< 70th %tile)

>70th percentile

223 ppb Au

758 ppb Au

1,568 ppb

Au1,383 ppb

490 ppb Au

286 ppb Au

Southeast Zone

South Jengibre Zone ~ 2 km

891 ppb Au

468 ppb Au

0.13% Pb

>1.0 % Zn

6,300 ppb Au

7,700 ppb Au

841 ppb Au

0.6% Cu

PEAK ZONE

MELCHOR ZONE

Peak and Melchor Zones

Gold Anomalies + IP Chargeability