Precipitate Grants Incentive Stock Options

Precipitate Gold Corp. (TSXV: PRG) (OTCQB: PREIF) announces that it has granted an aggregate of 10,170,000 incentive stock options (the "Options") to certain directors, officers and consultants of the Company pursuant to its Equity Incentive Plan.

Each Option is exercisable to acquire one common share of the Company at an exercise price of $0.165 per share for a period of five years, expiring August 24, 2031. The Options will vest in accordance with the terms of the Company's Equity Incentive Plan and are subject to acceptance by the TSX Venture Exchange.

Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in the Dominican Republic, including its 100% owned Juan de Herrera project, its 100% owned Pueblo Grande project, and its 100% owned Ponton project. Precipitate is also actively evaluating additional property acquisitions with the potential to expand the Company's portfolio and increase shareholder value, in other favourable jurisdictions.