Precipitate Commences Trading on the TSX Venture Exchange

Precipitate Gold Corporation (TSX VENTURE:PRG) - 

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Precipitate Gold Corporation ("Precipitate") is pleased to announce that the
company's common shares commenced trading today on the Toronto Venture Exchange
(TSX.V) under the trading symbol "PRG".


Precipitate CEO, Darcy Krohman, states, "We know that the market has been
difficult for the past few months. In fact, Precipitate is one of the very few
companies completing an IPO during this period. Management wishes to thank
shareholders whose support has made this possible."


Adrian Fleming, Chairman of the Board, said, "Weak markets present great
opportunities to review and acquire assets that have been dramatically marked
down. In addition to advancing our existing project base, management is
currently reviewing gold projects in several regions. We view existing market
conditions as something to take advantage of for the benefit of our
shareholders."


Precipitate is focused on exploring for new gold deposits in southern Yukon
Territory and northern British Columbia as well as seeking additional projects
with the potential to rapidly add value for shareholders. With a proven
management team responsible for recent takeovers with valuations exceeding $280
million, as well as a growing portfolio of 15 properties in Yukon and four in
BC, the company is well positioned for growth in 2012. This summer, Precipitate
will be exploring its two flagship properties - Reef (Yukon) and Gemini (BC).
Precipitate currently has approximately 25.5 million shares issued and a working
capital of $2.4 million.