PRG Precipitate Gold Corp

Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is
pleased to announce that it has completed its due diligence review and has
notified Gunpoint Exploration Ltd. ("Gunpoint") of its decision to proceed with
the option to acquire a 100% interest in the Cecilia Project in Sonora, Mexico.


In accordance with the terms of the option agreement, Precipitate delivered
58,000 common shares of the Company to Gunpoint at the completion of the due
diligence period. There are no further payments due to Gunpoint until the first
anniversary of the election to proceed, and no underlying work expenditure
obligations through the balance of the agreement.


Precipitate's President & CEO, Jeffrey Wilson, stated, "We are pleased to be
proceeding with the option on the Cecilia Project. Our due diligence work to
date supports our initial interpretations that the project hosts an impressive
known zone of low sulphidation epithermal gold mineralization, and that multiple
anomalous areas outside that main zone provide prospective targets for further
exploration. With the due diligence period now behind us, we're excited to begin
planning our first phase of exploration work at Cecilia."


As previously reported, Precipitate has completed an extensive due diligence
review of the Cecilia Project, which has included: bottle roll cyanide
extraction test work on historic drill core which reports over 80% gold
recovery; the acquisition and evaluation of previously unattainable historic
drill core and reports from prior operators which included assay results and
partial drill core from Cambior; review of the property's concession and surface
title rights; environmental/archeological evaluation; and surface and
underground channel and grab sampling programs which included individual channel
samples assaying up to 10.0 g/t gold (see news release dated October 3, 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.


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
President & CEO
604-558-0338 or Toll Free: 855-558-0335
investor@precipitategold.com
www.precipitategold.com

Precipitate Gold (TSXV:PRG)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Precipitate Gold (TSXV:PRG)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024