PRG Precipitate Gold Corp

Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is
pleased to announce it has reached an agreement with 0945044 B.C. Ltd. (the
"Vendor") to amend the Purchase Agreement whereby Precipitate has the right to
acquire a 100% interest in the Juan de Herrera and Higos Blanco concession
applications in the Dominican Republic (see news release dated October 2, 2012).
Under the terms of the Amending Agreement, the parties have agreed that all
remaining cash and share payment obligations will be deferred 12 months. 


Under the terms of the original agreement, Precipitate was obligated to pay
$90,000 and 1.0 million shares to the Vendor upon receipt of notice of
concession grant. The Amending Agreement defers that payment, and all subsequent
payments in the payment schedule by 12 months. There is no minimum exploration
expenditure obligation until the first anniversary of the date of receipt of the
pending Juan de Herrera ("JDH") concession grant by the Dominican government
(see the Company's website for full amended payment schedule details).


Precipitate's President & CEO, Jeffrey Wilson stated "We are pleased to have
reached this amended agreement with the Vendors, as it allows Precipitate to
maintain its right to acquire the critical Dominican Republic assets while
deferring all payment obligations by 12 months. We thank the Vendors for their
cooperation in facilitating this change as we seek to further explore the JDH
concession in an attempt to identify targets and advance the property to an
initial drill stage. We have now renegotiated and amended all of the Company's
current property option agreements such that the Company has secured its right
to acquire 100% of all property assets while eliminating any near term cash
payment obligations."


As noted in the Company's June 11, 2013 news release, Precipitate's main Juan de
Herrera concession application has attained official 'Extracto' status from the
Dominican government, an important step preceding final concession grant.
Extracto status permits applicants to initiate the drill permitting process, and
Precipitate has submitted a diamond drilling application for the Ginger Ridge
zone at JDH. This drill application includes provisions to drill from up to 15
areas, testing the zone's gold enriched multi-element soil geochemical anomaly
that measures more than 1,000 metres long and up to 400 metres wide. Drill
testing, if warranted, would follow an Induced Polarization ("IP") geophysical
survey planned for Ginger Ridge following formal concession grant.


In addition, Precipitate has added to its Dominican property asset base by
submitting a concession application for the newly acquired Toro Negro
concessions. The application covers an estimated 2,100 hectares of prospective
Tireo volcanic lithologies located in the south central region of the country,
and is road accessible. This greenfields prospect will see its first modern
exploration work as part of the Company's pending Juan de Herrera exploration. 


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.


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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