Precipitate Receives Diamond Drill Permit for Ginger Ridge Zone in Dominican Republic

Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is
pleased to announce that is has received government authorization to diamond
drill test its Ginger Ridge zone within the Company's Juan de Herrera concession
in the Dominican Republic. 


The Ministry of Environment and Natural Resources of Dominican Republic has
granted Precipitate a diamond drilling permit to drill test the Ginger Ridge
zone from up to fifteen drill pad locations. Importantly, the Company has also
obtained drilling authorization from local surface land holders and the support
of the region's major municipal representatives. Precipitate has commenced
planning for an initial diamond drill program at Ginger Ridge, where recent
geochemical and geophysical results have provided multiple priority targets for
an initial phase of drill testing. 


Jeffrey Wilson, Company President & CEO stated, "We are pleased with the recent
work conducted on our Dominican assets and the pace of work in advancing the
Ginger Ridge zone to an initial drill stage in less than three months from
receipt of the concession grant from the Dominican government. This diamond
drill permit is a critical step in the Company's progression toward drill
testing multiple priority targets generated via the recent geochemical and
geophysical programs conducted at Ginger Ridge." 


In March 2014, grid-based soil sampling defined a northwest-southeast trending
gold enriched multi-element anomaly measuring more than 2,000 metres ('m') by
450 m, with a robust multi-element central core measuring 1,000 m by 450 m.
Within the surface gold anomaly, recent work extended a 13.0 m mineralized
trench to 32.5 m grading 1.0 g/t gold and 18 g/t silver, including 23.0 m of 1.3
g/t gold and 22 g/t silver, while remaining open to the north and weakly to the
south. At the same time, a new trench was dug perpendicular to this trench and
returned open ended mineralization over 15.0 m grading 1.6 g/t gold and 25 g/t
silver. An IP geophysical survey was recently completed over the central core of
the gold anomaly, and returned encouraging results indicating a strong
correlation between the surface gold-in-soil anomaly and sub-surface
chargeability and resistivity highs over a measured strike length exceeding 800
m. The geophysical chargeability anomaly remains open in both directions and at
depth and will be the primary target of proposed diamond drill testing.


The Company also wishes to announce it has granted a total of 510,000 incentive
stock options to directors, officers, employees and consultants of the Company,
subject to TSX Venture Exchange acceptance. Each option is exercisable to
purchase one common share of the Company until April 14, 2019 at a price of
C$0.20 per common share in accordance with the terms of the Company's stock
option plan.


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.


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.


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


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

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
604-558-0338 or Toll Free: 855-558-0335
investor@precipitategold.com
www.precipitategold.com
Precipitate Gold (TSXV:PRG)
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