PRG Precipitate Gold Corp

Precipitate Gold Corp. (TSX VENTURE:PRG) is pleased to report on its initial
visit to its Juan de Herrera project in the Dominican Republic. A crew of three,
including VP Exploration Michael Moore and Technical Advisor J. Campbell Graham,
travelled to the Dominican Republic to carry out initial reconnaissance on the
Juan de Herrera concession, adjacent to GoldQuest's Tireo volcanic belt
holdings. Precipitate's in-country geologist had already visited local
landowners and received widespread support and permission to access the project
area. The short program focused on ground proofing a number of anomalies,
apparent satellite imagery structures and site specific verification of the
Tireo volcanics lithological contact. 


The insights gained from this initial review will be valuable in prioritizing
targets for a larger exploration program which will include geological mapping,
prospecting and follow up BLEG and silt sampling. This program is slated to
begin in mid-October. Precipitate and GoldQuest are in discussions for the
acquisition of historic GQC reconnaissance data from Precipitate's concession
application areas once GoldQuest has completed a database compilation, which is
currently underway. This will provide Precipitate with a number of additional
data points within the concession to help guide follow-up work.


Michael Moore, Precipitate's VP Exploration commented that "The short
reconnaissance program was successful in confirming geological contacts in the
area of historic sampling by GoldQuest as well as establishing us in-country and
providing critical information about access and logistics. Our first Dominican
trip has laid important groundwork for the follow up program that will begin
next month. Once we return with a full crew we should be able to rapidly
generate targets and focus areas for ongoing exploration in the region."


Precipitate is also pleased to announce that the BC Corp. property vendors have
agreed to make an additional concession application, called the Hato Nuevo,
available to the company, thus further enhancing its Tireo formation land
position. Hato Nuevo is located northwest of Juan de Herrera, adjacent to the
west side of GoldQuest's Tireo holdings. Based on regional maps, the
northeastern portion of Hato Nuevo will provide exposure to additional areas of
prospective Cretaceous aged Tireo volcanics. Subject to due diligence, Hato
Nuevo will be added to the existing agreement between the vendors and
Precipitate for no additional consideration. Based on updated government mapping
and ground proofing by Precipitate personnel, Juan de Herrera and Hato Nuevo
protect an estimated 30-40 square kilometres of Tireo volcanics; the host rocks
for the Jenjibre, Escandalosa and Romero discoveries on the adjacent GoldQuest
holdings, in addition to other Cretaceous aged rocks that may provide additional
target types. 


Additional information can be viewed on the company's website.
www.precipitategold.com. 


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


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.


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

Darcy Krohman, 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 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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