PRG Precipitate Gold Corp

THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.


Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is
pleased to announce that it has completed a non-brokered private placement of
3,333,332 million units of the Company at a price of $0.15 per unit for gross
proceeds of $500,000.


Each unit consists of one common share and one common share purchase warrant.
Each common share purchase warrant entitles the holder to purchase one
additional common share at a price of C$0.25 per common share for a period of 24
months from the date of issue, subject to the Company's right to accelerate the
expiry date of the warrants if the daily volume weighted average trading price
of the common shares of the Company on the TSX Venture Exchange is equal to or
exceeds $0.50 for a period of 10 consecutive trading days, commencing four
months after the date the warrants are issued. No finders' fees were paid in
connection with this placement.


Precipitate will apply the net proceeds of the offering to future exploration of
the Company's projects in the Dominican Republic and Sonora State, Mexico as
well as general working capital purposes.


All securities issued or issuable under the offering are subject to a four-month
hold period expiring on September 17, 2013, in addition to such other
restrictions as may apply under applicable securities laws in jurisdictions
outside of Canada. 


Closing of this Offering has received final acceptance by the TSX Venture Exchange.

About Precipitate

Precipitate Gold Corp. is a Vancouver, British Columbia based mineral
exploration company focused on exploring and advancing its mineral property
interests in the Tireo Gold Trend of the Dominican Republic and Sonora State,
Mexico. The Company also maintains assets in northern British Columbia and the
southern Yukon Territory.


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: 855-558-0335
investor@precipitategold.com
www.precipitategold.com

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