PRG Precipitate Gold Corp

Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is
pleased to announce the commencement of a first-phase drill program at the
Ginger Ridge gold zone within the Company's 100% owned Juan de Herrera project
in the Tireo Gold Camp in the Dominican Republic.


The drill and crews have been mobilized to site and the Company's maiden drill
program at Ginger Ridge is now underway. The program will total approximately
1,200 metres ("m") of diamond drilling and consist of 6 to 8 holes aimed at
testing priority near-surface target areas within the central core of the Ginger
Ridge gold geochemical anomalies. Drilling will be carried out by Energold
Drilling Corp., utilizing the same type of man-portable hydraulic drill rig that
has been successfully utilized elsewhere in the region, with minimal
environmental footprint. 


Initial drilling will focus on the main trench zone and associated geophysical
chargeability and multi-element geochemical soil anomalies, with subsequent
holes testing target areas on strike to the northwest and southeast. Multiple
coincident induced polarization ("IP") and multi-element soil geochemical
anomalies exist within the 800 m long central core of the Ginger Ridge zone and
drilling will test several of these targets over the course of the expected 4 to
6 week program.


Jeffrey Wilson, Company President & CEO stated, "We are excited at the prospect
of initiating this drilling program at the Ginger Ridge zone. Our work to date,
including prospecting, mapping, geochemical and geophysical surveys has all
systematically and progressively delineated multiple highly prospective
drill-worthy targets. Ongoing work continues to expand our geological knowledge
of the area, while uncovering additional targets for ongoing exploration and
possible drilling. We're excited at the prospect of testing the Ginger Ridge
zone as part of the Company's objective to make a bona fide new discovery within
the highly prospective and underexplored, Tireo Gold belt in the Dominican
Republic, where multiple other significant discoveries have been made in recent
years (GoldQuest's Romero, and Unigold's Neita). In addition, our ongoing
exploration potential in the region has increased substantially in recent weeks
with the addition of several new prospective, underexplored property
acquisitions that have enhanced our in-country land package."


Recent mapping carried out in advance of the drill program indicates the target
stratigraphy in the main anomaly/trench area appears to be near vertical in
orientation, providing potential for near-surface mineralization. In addition,
more detailed mapping to the northwest of the initial target area has identified
encouraging evidence of a rhyolite dome in the northern portion of the main
anomaly. Rhyolite domes are often associated with several types of gold and
volcanogenic massive sulphide deposits.


About the Ginger Ridge Zone:

The Ginger Ridge zone is located within the Company's Juan de Herrera project,
immediately adjacent to GoldQuest Mining's Las Tres Palmas Project (Romero and
Romero South discoveries). Ginger Ridge is marked by an enriched multi-element
geochemical anomaly, characterized by a correlation of gold and silver with
several pathfinder elements which variably include arsenic, antimony, barium,
lead, copper and zinc. Surface sampling at Ginger Ridge now covers an estimated
area measuring 2,200m by 750m, blanketing most of the eastern slope of Ginger
Ridge. Highlight trench sampling results reported within the anomaly include
32.5 m of 1.0 g/t gold and 18 g/t silver (including 23.0 metres of 1.3 g/t gold
and 22 g/t silver) and 15.0 m of 1.6 g/t gold and 25 g/t silver. IP geophysical
surveying on five parallel grid lines at 200 m intervals centred over the middle
of the zone report elevated chargeability readings which correlate well with the
surface trace of the gold-in-soil anomalies, likely marking zones of increased
sulphide concentrations within the host Tireo volcanic rocks. The IP survey
identified a marked chargeability high on line 1400 which correlates well with
the previously reported main trench samples. The entire chargeability anomaly
remains open along strike to northwest and southeast and to depth below the
estimated survey depth limit of 200 metres. 


Geological mapping indicates that the Ginger Ridge soil and geophysical
anomalies are underlain by steep northeast dipping, variably altered,
intermediate volcanic Tireo formation rocks (dacitic flows/tuffs, andesites and
a rhyolite dome) which are inferred to be cut by northwest, northeast and
eastward trending fault structures. Observed mineralization includes irregular
quartz and barite veins, veinlets and stockworks with varying pyrite (+/-
related surface oxides) contents up to 40% locally; alteration includes
associated clay, barite, calcite and chlorite. 


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.


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. 


On behalf of the Board of Directors of Precipitate Gold Corporation,

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

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