PRG Precipitate Gold Corp

Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is
pleased to announce it has advanced to an important stage in the process to
attain its concession grant for the Juan de Herrera concession application in
the Tireo belt of the Dominican Republic. The Company has recently received an
"Extracto" for Juan de Herrera, which represents a critical threshold in the
concession approval process. Having received the Extracto, Precipitate will
complete the remaining minor applicant obligations which will secure final grant
of the concession. The remainder of the procedure is anticipated to be completed
in 60 to 90 days.


In anticipation of the final concession grant, Precipitate is planning the next
exploration phase for Juan de Herrera. An induced polarization ("IP")
geophysical survey is being devised for the Ginger Ridge area to identify
prospective sub-surface targets of high sulphide content and silicification. IP
has proven to be a highly effective tool in identifying areas of buried
gold-copper mineralization and delineating drill targets on other high profile
projects in the Tireo belt. Precipitate's recent surface work at Ginger Ridge
has identified a highly prospective zone yielding an open-ended 13.0 metre chip
sample grading 1.5 grams per tonne ("g/t") gold and 20 g/t silver within a gold
enriched multi-element soil geochemical anomaly exceeding 1,000 metres long and
up to 400 metres wide. Any IP anomalies identified from the proposed survey
would be evaluated to delineate targets for a possible first phase drill
program.


The Company's landholdings in the Dominican Republic now include two concession
applications, Juan de Herrera and Hato Nuevo; which collectively cover 10,573
hectares. The two contiguous concessions adjoin the southern border of GoldQuest
Mining Corp's property which hosts the Las Tres Plamas discoveries. Based on
exploration results to date, Precipitate has chosen not to complete the
application process for the Higos Blancos concession, located outside the Tireo
belt. 


About Precipitate Gold:

Precipitate Gold Corp. is a 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 north British Columbia and the southeast Yukon Territory and 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. 


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.


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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