PRG Precipitate Gold Corp

Precipitate Gold Corp. (TSX VENTURE:PRG) announces that, further to its news
release of August 16, 2012, it has executed the formal agreement to acquire 100%
of the issued capital of 0945044 BC Ltd., a private company that owns a 100%
interest in the Juan de Herrera and Higos Blancos gold exploration concession
applications in the Dominican Republic through its wholly-owned subsidiary. Upon
receipt of TSX Venture Exchange acceptance of the acquisition, Precipitate will
pay $60,000 to purchase the shares of 0945044 BC Ltd. and will earn the rights
to retain the shares by making staged share and cash payments and completing
work commitments on the concessions over a three year period starting on the
date the Juan de Herrera concession is granted, with any exploration
expenditures made during the application period being credited against its
obligations.


As noted in the Company's most recent news release dated September 26, 2012, the
property vendors offered the Company an additional concession, Hato Nuevo, which
Precipitate has agreed to accept. The addition of this project to the agreement
involves no additional consideration and will be added by simple amendment to
the current agreement when the underlying paperwork is ready.


Michael Moore, Precipitate's VP Exploration, commented that "We were excited to
get on the ground at Juan de Herrera. The Tireo Belt has already proven itself
as an outstanding gold host and we're eager to start fully exploring our
holdings there. Concluding the property agreement clears the way for a larger
program that should begin in mid-October."


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


Precipitate is focused on exploring and developing its gold properties in the
Dominican Republic and northwestern Canada. Precipitate continues to review
opportunities in both these and other geologically and geopolitically attractive
jurisdictions. With a proven management team, a growing portfolio of quality
gold assets, including a prospective concession adjacent to GoldQuest's Tireo
holdings in the Dominican Republic, and $1.8 million in working capital, the
Company is well positioned for continued growth in 2012.


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.

Darcy Krohman, 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 labor 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.

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