PRG Precipitate Gold Corp

Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is
pleased to announce results from the first pass survey of its Juan de Herrera
concession application in the Dominican Republic's Tireo Gold Trend. 


Initial property reconnaissance work and sampling has delineated two priority
areas of interest:




--  The Melchor area, where rock chip samples taken by Precipitate have
    returned highlight assay results of 6.3 g/t gold and 4.0 g/t gold; 
--  The Ginger Ridge area, where previous sampling by GoldQuest reported a
    surface sample assaying 5.0 g/t gold, has exposures of strongly altered
    Tireo volcanic rocks, making the Ginger Ridge alteration area a
    compelling exploration target. 



Additionally, Precipitate has refined the surface trace of the Tireo Formation
rock contact within Precipitate's concessions. The Tireo Formation hosts recent
gold discoveries by GoldQuest Mining, Unigold and Eurasian Minerals/Newmont (in
Haiti). This is an important step forward that will focus ongoing exploration on
these highly prospective rocks. Follow-up exploration of Melchor, Ginger Ridge
and other intriguing areas are nearly complete and more analytical results are
expected in the coming weeks.


Jeffrey Wilson, Company President & CEO stated, "We are very pleased that the
first visit to our Dominican concessions has yielded positive results;
impressive for a two day field visit on a greenfield project. Rapid delineation
of two priority areas for gold exploration speaks to the robust nature of
mineralization within the lengthy Tireo Gold Trend. Assay results from Melchor
are certainly compelling, but also important is the discovery of outcropping
strongly altered Tireo volcanic rocks at Ginger Ridge. Our initial findings
confirm the prospective geological setting that was the rationale for our
Dominican Republic acquisitions. We are looking forward to the forthcoming assay
results from the balance of the sampling program."


Initial reconnaissance work focussed on the verification and mapping of the
target Tireo Formation volcanic rocks, visiting priority satellite anomalies and
authenticating historical rock sampling at Ginger Ridge. The Ginger Ridge and
Melchor areas are located on the west and central potions of the Juan de Herrera
concession, respectively.


Random rock chip samples collected from a ridge-top outcrop in the Melchor area
reported two highlight gold values (4.0 g/t gold and 6.3 g/t gold), with
corresponding moderately elevated copper, zinc and lead values. The rock samples
were collected from a volcanic ash-tuff cut by irregular white quartz veinlets,
commonly showing cockscomb and colloform banning textures. The size and scope of
this mineralization will be determined by ongoing work.


Ginger Ridge is a northwest trending ridge that is underlain by the contact
between Tireo Formation volcanics and overlying limestone to the east. A brief
visit to the area identified a variable rock exposure measuring about 50 metres
long of moderate to strongly altered dacite-andesite volcanics. Alteration of
these Tireo volcanics includes pervasive moderate to strong chlorite, weak to
moderate epidote, silica and quartz veinlets. The size, character and location
of the Ginger Ridge alteration area make it a compelling exploration target. 


Property geological mapping of the Tireo Formation contact has allowed the
Company to adjust the borders of the Hato Nuevo and Juan de Herrera concession
applications. Together, these two concessions now protect a reduced surface area
of about 10,573 hectares (26,126 acres). The Los Higos Blancos concession covers
about 2,779 hectares. Precipitate's aggregate Dominican Republic land position
is now 13,352 hectares. The Dominican Republic enforces maximum holdings of
30,000 hectares per stake holder. Reducing the concession area gives Precipitate
maximum flexibility for potential new staking or acquisitions. The Company's
concession applications are currently being processed by government officials
and full title grant is expected in the coming months. 


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


Precipitate is focused on exploring and developing its gold properties in the
Dominican Republic and northwestern Canada. The Company continues to review
opportunities in both these and other geological and geopolitically attractive
jurisdictions. With a proven management team, and a growing portfolio of quality
gold assets, including a prospective concession adjacent to GoldQuest's Tireo
holdings in the Dominican Republic, the Company is well positioned for continued
growth in 2013. 


Michael Moore, VP Exploration of the Company and Qualified Person for purposes
of National Instrument 43-101 has reviewed the technical information in this
news release.


Rock samples were bagged, sealed and delivered directly to Acme Labs preparation
facility in Santo Domingo Dominican Republic where they were dried, crushed and
pulped. Sample pulps were then delivered to Acme labs facilities in Santiago
Chile (an ISO 17025 accredited facility) for analyses. Samples were crushed to
with up to 80% passing 2mm and split using a riffle splitter. An approximately
250 gram sub-sample split was pulverized using a ringmill to approximately minus
200 mesh (74 micron). A 15 gram split from the resulting pulp was then subjected
to aqua regia digestion and multi-element ICP-MS analysis. Results with gold
greater than 1,000 ppb were subjected to fire assay analysis (30 g pulp). 


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

Jeffrey Wilson, President & CEO 

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 expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words 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
achieved. 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-looking information is subject to known and unknown risks, 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 all; 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 environmental legislation affecting mining;
timing and availability of external financing on acceptable terms; conclusions
of economic evaluations; and lack of qualified, skilled labour or loss of key
individuals. Although Precipitate has attempted to identify important factors
that could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, 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. 



FOR FURTHER INFORMATION PLEASE CONTACT: 
Precipitate Gold Corp.
Daniel Caamano
Investor Relations
604-558-0338 or Toll Free: 1-855-558-0335
investor@precipitategold.com
www.precipitategold.com

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