PRG Precipitate Gold Corp

Precipitate Gold Corp (TSX VENTURE:PRG) ("Precipitate" or the "Company") is
pleased to announce that it has appointed James Campbell Graham as a technical
consultant. Mr. Graham stated, "I am excited to return to the Dominican Republic
and help advance a large concession covering so much prospective geology. The
Tireo Belt is a great exploration address and Precipitate's team of experienced
and well-known geologists is the just the sort of group to tackle this project
with." 


Mr. Graham worked continuously in the Dominican Republic from 1996 to 1999,
carrying out geophysical surveys on a number of projects with an emphasis on
Induced Polarization, a method that has been particularly successful at
targeting mineralization in the Tireo Gold Trend. Mr. Graham was integral to the
completion of the recent letter agreement whereby the Company will be acquiring
two mineral concession applications in the Dominican Republic, including the
Juan de Herrera concession application that borders GoldQuest Mining Corp's
Tireo Belt holdings. Mr. Graham will consult on an ongoing basis with regards to
exploration planning, execution and interpretation. He will call on his
high-level contacts in the Dominican Republic to help advance Precipitate's goal
of making discoveries in this exciting new area. 


Mr. Graham has been an international mineral exploration consultant for more
than 20 years. He has been a key team member in projects ranging from initial
exploration through to advanced development for resource companies operating in
Canada, United States, Mexico and much of Latin America. Originally qualified in
Geophysical Engineering, Mr. Graham holds Bachelor of Science (Honours) and
Master of Engineering degrees from the Colorado School of Mines, is a
Professional Engineer registered in the Province of British Columbia, and a
"Qualified Person" in accordance with the Canadian National Instrument 43-101 -
Standards of Mineral Disclosure for Mineral Projects. Mr. Graham is bilingual in
English and Spanish. 


Precipitate is focused on exploring and developing its gold properties in the
Dominican Republic and northwestern Canada. The Company continues to review
opportunities in both these and other geological and geopolitically attractive
jurisdictions. With a proven management team, a growing portfolio of quality
gold assets, including prospective concessions 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 in 2012. 


On Behalf of the Board of Directors 

Darcy Krohman, President & CEO, Precipitate Gold Corp. 

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 labor 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.

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