PRG Precipitate Gold Corp

Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is
pleased to announce remaining results from multi-phase reconnaissance surveys of
its Juan de Herrera concession applications in the Dominican Republic's Tireo
Gold Trend. 


Precipitate's first pass programs of sampling and mapping, conducted in late
2012, have refined and expanded two priority target areas, the Melchor and
Ginger Ridge gold zones on the Juan de Herrera concession. 




--  Sampling and mapping at the Ginger Ridge zone has identified a
    prospective area extending at least 1,100 metres long, with rock grab
    samples up to 11.8 grams per tonne ('g/t') gold and greater than 100 g/t
    silver. 
    
--  Precipitate's rock and soil sampling at the Melchor zone, has identified
    an area of surface quartz vein outcrop and float, where rock grab
    samples have yielded results of 6.3 g/t gold and 4.0 g/t gold. 



Jeffrey Wilson, Company President & CEO stated, "Our property wide
reconnaissance surveys initially focused on five concession areas, covering more
than 3,000 hectares underlain by Tireo volcanic rocks. Within a period of less
than three months, our field crews have successfully identified two prospective
areas for gold mineralization at Ginger Ridge and Melchor. We are particularly
pleased that rock grab sampling at Ginger Ridge has discovered gold (with
silver) mineralization over an area extending more than one kilometre ('km').
Moving from concept to broad scale target this quickly is a testament to the
merits of this underexplored region. Our next phase of detailed surface sampling
and mapping will focus on these two prospective zones." 


The planned follow up program at Ginger Ridge and Melchor is expected to
commence before the end of February and will include geological mapping,
detailed ridge & spur soils, and rock chip sampling. 


At Ginger Ridge, wide-spaced follow up prospecting and rock-soil-silt sampling
has discovered a prospective area measuring at least 1.1 km long. Rock grab
samples have identified outcrop and subcrop exposures of altered Tireo volcanics
with cross-cutting quartz veins and veinlets up to 30 centimetres ('cm') wide.
Select highlight analytical results for rock grab sampling include 11.8 g/t gold
('Au') & 39 g/t silver ('Ag'), 5.8 g/t Au & greater than 100 g/t Ag, 0.73 g/t Au
& 0.39 g/t Au. The prospective zone is defined by prospecting, anomalous rock
and soil results and anomalous silt results in creeks draining Ginger Ridge. The
size and scope of this mineralization will be determined by ongoing work. Please
see the accompanying map (http://media3.marketwire.com/docs/851050.pdf) for
further details on the Ginger Ridge area.


At the Melchor zone, follow up rock and reconnaissance soil sampling has
identified a large area of outcropping quartz veins and related debris, which
commonly showing cockscomb and colloform banding textures, a common feature in
epithermal gold systems. Rock grab samples from this area have yielded gold
results ranging from sub-anomalous to 6.3 g/t. Quartz vein widths range from
hairline to 2m and have exposed extents up to 30m. Analyses of the soil and rock
samples show that gold corresponds to elevated copper, zinc, lead and mercury
values. The size and scope of this mineralization will be determined by ongoing
work.


Rock grab samples are selective by nature and are unlikely to represent average
grades on the property.


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


Michael Moore, PGeo, VP Exploration of the Company and Qualified Person for
purposes of National Instrument 43-101 has reviewed the technical information in
this news release.


Rock samples were bagged, sealed and delivered directly to Acme Labs preparation
facility in Santo Domingo Dominican Republic where they were dried, crushed and
pulped. Sample pulps were then delivered to Acme labs facilities in Santiago
Chile (an ISO 17025 accredited facility) for analyses. Samples were crushed to
with up to 80% passing 2mm and split using a riffle splitter. An approximately
250 gram sub-sample split was pulverized to minus 200 mesh (74 micron). A 15
gram sub-split from the resulting pulp was then subjected to aqua regia
digestion and multi-element ICP-MS analysis. Results with gold greater than
1,000 ppb were subjected to fire assay analysis (30 g pulp). 


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

Jeffrey Wilson, 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 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.
Daniel Caamano
Investor Relations
604-558-0338 or Toll Free: 1-855-558-0335
investor@precipitategold.com
www.precipitategold.com

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