PRG Precipitate Gold Corp

Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is
pleased to report results from ongoing due diligence work related to the Cecilia
Project in Northeastern Sonora state, Mexico. Precipitate has the right to elect
to proceed with an option to earn a 100% interest in the project (see the
Company's news releases dated February 18, 2013 and June 27, 2013). Due
diligence work completed to date has included, but is not limited to: bottle
roll test work, the acquisition and evaluation of previously unattainable
historic drill core and reports from prior operators, review of the property's
concession and surface title rights, environmental/archeological evaluation, and
surface and underground channel and grab sampling programs. The due diligence
period expires October 24, 2013.


Highlight results from the Company's due diligence efforts to date include:



--  Cyanide bottle roll extraction test work reporting over 80% gold
    recovery 
--  Acquisition of previously unavailable historic 1995 Cambior exploration
    data and drill core 
--  Cambior drilling included DDH 95-08: 75.0 m assaying 0.74 g/t Au,
    including 30m of 1.14 g/t Au 
--  Individual channel samples assaying up to 10.0 g/t Au 
--  Identification of multiple anomalous underexplored target areas outside
    the main zone



Commenting on the Cecilia due diligence program, Precipitate's President & CEO,
Jeffrey Wilson stated "We are pleased with the initial results from our work at
Cecilia. The data generated to this point will assist in determining whether or
not we elect to proceed with the option. The findings support our initial
interpretations that the project's main Cerro Magallanes zone hosts impressive
areas of low sulphidation epithermal gold mineralization, and that multiple
anomalous areas outside that main zone remain largely untested and present
highly prospective exploration targets. Positive results from the preliminary
bottle roll test work indicates that the oxidized material appears amenable to
heap leach extraction. Meanwhile, the acquisition of the previously unavailable
Cambior data has provided valuable geological insight that might have otherwise
cost the Company millions of dollars to generate. Though not all of that
historic data contains significant values, it is beneficial to review and
evaluate those results in tandem with our own findings in order to better
understand the project."


Precipitate acquired Cambior Inc.'s ("Cambior") summary report documents and
what remains of Cambior's original drill core. Thirty-five core samples
collected from representative sections of two Cambior drill holes were submitted
for both fire assay and cyanide bottle roll extraction analyses. Cyanide
extraction results indicated that, on average, over 80% of the gold was
liberated, confirming that the samples tested are not refractory and the
oxidized material should respond well to heap leach extraction methods. 


The Company's field programs included (i) preliminary prospecting and silt
sampling and (ii) selective resampling of Cambior's 1995 drill core and
accessible underground mine workings at Cerro Magallanes. Past small scale
underground gold-silver mining focused on steeply dipping, Northwest and
Northeast trending structures and associated breccias of the main hill top zone,
an area exceeding 800 m by 200 m. Importantly, gold mineralization has also been
identified at lower elevation peripheral areas off the hill. 


The historical Cerro Magallanes zone has more than 26 old mine workings (pits,
adits & shafts), some of them of substantial length or with multiple subsurface
levels and in varying conditions of accessibility. Two of the larger underground
workings W16 and W26 were recently chip-channel sampled by Precipitate.
Precipitate collected 34 channel samples from the 45 m long W26 crosscut which
reported values ranging from 35 to greater than 10,000 ppb gold with an average
of 1,400 ppb (1.4 g/t) for the entire set. 18 channel samples were collected
from W16 and returned an average of 1.64 g/t gold with results ranging from 94
ppb to 7,176 ppb (7.2 g/t) gold.


Most of Cambior's drill holes are located on the eastern slope of the Cerro
Magallanes ridge, assessing only a portion of the main hill top zone. Holes were
predominantly oriented to the northwest and thus tested the Northeast trending
structures, leaving the second dominant Northwest trending mineralized
structures largely untested. Drill holes 95-08 and 95-19, tested the southwest
part of a large surface breccia zone where subsequent surface chip sampling in
2004 by Chesapeake Gold reported 101 m grading 0.96 g/t gold including 30.0 m
grading 2.0 g/t gold. Hole 95-08 yielded a core length interval of 30.0m grading
1.4 g/t gold followed by 45 m grading 0.3 g/t gold, starting at four metres down
hole. Hole 95-19 was drilled parallel to Hole 95-08 and located 35 m to the
north, reported 20 m grading 0.39 g/t gold. Several other holes reported gold
intercepts in the 0.1 to 0.4 g/t range over core intervals ranging from 2 to 60
metres, likely where Cambior tested strike or dip extensions of mineralization
noted in old workings, while 10 of the 19 holes reported no significant
intercepts or were not sampled.


Based on the combination of preliminary prospecting, anomalous silt-rock sample
results and satellite Aster imagery, the highest priority 'off Cerro' areas are
located southeast, west and to the north of the Cerro Magallanes ridge. These
peripheral areas have not been explored by modern methods. Precipitate's initial
priority would be to confirm many of the existing gold zones which may be
related to the property's main structural trends, some that may be masked by
shallow cover. 


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.


Certain information and data in this news release concerning the Cecilia
property and past work done thereon and results therefrom is historical. The
reliability of the historical data is not wholly known but is considered
relevant by Company management. The historical data may be non-NI 43-101
compliant and should not necessarily be relied upon. Nonetheless, the Company's
recent verification work on portions of historical data package has yielded
comparable results. Precipitate's rock and silt samples were bagged, sealed and
delivered directly to Acme Labs preparation facility in Caborca, Sonora Mexico
where they were dried, crushed (or sieved in the case of silts) and pulped.
Historical core samples were collected under the supervision of Rodolfo Sauceda
Saldivar of Resource Geosciences de Mexico, S.A. de C.V. The NQ diameter diamond
core was descriptively logged, photographed, aligned, marked for sampling and
then quartered longitudinally using a rock saw. One quarter of the core is
stored in Hermosillo, Sonora in core boxes for verification and future
reference. Sample pulps were forwarded to Acme labs facility in Vancouver BC for
analyses. A 1.5 kilogram sub-split of the drill core samples was forwarded to
Inspectorate in Reno Nevada USA. Both Inspectorate and Acme are wholly owned
subsidiaries of Bureau Vertias Minerals and are ISO 9001 accredited facilities.
Rock samples were crushed to with up to 80% passing 2mm and split using a riffle
splitter and an approximately 2000 gram sub-sample split was pulverized to minus
200 mesh (74micron). At Acme 0.5 gram sub-split from the resulting pulp was
subjected to aqua regia digestion and multi-element ICP-MS analysis (Group 1DX)
and a 30 gram sub-split was subjected to fire assay (Group 3B). At Inspectorate
a 1000 gram sub spilt of the historical core samples was subjected to a 24 hour
cyanide bottle roll gold extraction analyses (Au-1000-CN). All coarse rejects
and pulps are currently stored at the Bureau Vertias Minerals facilities. Rock
grab samples are selective by nature and are unlikely to represent average
grades on the property. Reported drill core intervals are not true widths as the
orientation of mineralization observed to date is not fully understood.


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


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 northern British Columbia and 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. 


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

Jeffrey Wilson 

President & CEO 

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 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.
Jeffrey Wilson
604-558-0338 or Toll Free: 855-558-0335
investor@precipitategold.com
www.precipitategold.com

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