Precipitate Closes Dominican Republic Acquisition

Precipitate Gold Corp. (TSX VENTURE:PRG) announces that, further to its news
releases of August 16, 2012 and September 24, 2012, it has closed the
acquisition of 100% of the issued capital of 0945044 BC Ltd. a private company
that owns a 100% interest in the Juan de Hererra and Higos Blancos gold
exploration concession applications in the Dominican Republic through its
wholly-owned subsidiary. The Company has received confirmation of all corporate
and property registrations in the Dominican Republic and TSX Venture Exchange
approval.


Based thereon, Precipitate has paid $60,000 to purchase the shares of 0945044 BC
Ltd. and will earn the right to retain the shares of 0945044 BC Ltd. by paying
staged share and cash payments and completing work commitments on the
concessions over a three year period starting on the date the concessions are
granted, with any exploration expenditures made during the application period
being credited against its obligations. Additional information can be viewed on
the company's website. www.precipitategold.com.


Additionally, the Company announces the resignation of Darcy Krohman as
President, CEO and Secretary. Mr. Krohman is replaced by Mr. Michael Moore on an
interim basis. The Company would like to take the opportunity to thank Mr.
Krohman for his work with the Company and wish him success for the future.


About Precipitate Gold Corp.

Precipitate Gold Corp. is focused on exploring and developing its gold
properties in the Dominican Republic and northwestern Canada. 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.


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

Michael Moore, Interim President & CEO

This press release may contain "forward-looking information" within the meaning
of applicable Canadian securities legislation. This forward-looking information
reflects the Company's current beliefs and is based on information currently
available to the 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. In this instance,
there is no assurance the exploration concessions will be granted on a timely
basis or at all, such that the Company may not earn any interest in the intended
mineral claims. 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.
Daniel Caamano
Investor Relations
604-558-0338 or Toll Free: 1-855-558-0335
[e-mail]
www.precipitategold.com