(TheNewswire)

Vancouver, B.C. – TheNewswire - April 22, 2025 – Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG, OTCQB:PREIF) is pleased to announce follow up surface rock and hand trenchsampling results from the newly identified Centro Zone within its 100%owned Juan de Herrera Project(“Juan de Herrera” and the“Project”) in theDominican Republic.

The Company’s ongoing Juan de Herrera project exploration continuesto yield positive results. At the recently identified Centro Zonefollow up surface sampling has further defined the mineralized zoneand reported a highlight trench result of 4.4% copper and 0.3 g/t gold over 1.8metres (“m”), within a longer interval of 1.6% copper and 0.2 g/tgold over 5.3 metres (see accompanying Figure 1). Continued follow up exploration,including surface sampling programs at Centro and other prioritygold-copper rich zones is ongoing. Highlight results from the latestwork at the Centro Zone are as follows:

Centro Zone, Highlights

• Trench sampling yields 4.4% copper and 0.3 g/t gold over 1.8metres, within broader intervals of 1.6% copper and 0.2 g/t gold over5.3 metres and 0.4% copper and0.2 g/t gold over 26.3 metres.

• To date, a total of 113 rock grab samples*
  collected report results ranging
  from nil to 2.0% copper and
  nil to 2.6 g/t goldfrom andesite volcanic
  lithologies which show variable silicification and pyrite-chalcopyrite
  mineralization.
  

  
  

• Cluster of three gold-in-soil anomalies, collectively
  covering a trend of about 1.2
  kilometres long by approximately 100m wide; open
  to the northwest. Coincident with strong resistivity high anomalies
  (mapping silica alteration?) and modest IP chargeability high
  anomalies.
  

  
  

Jeffrey Wilson, Precipitate’s President and CEO
stated, “Our programs of ground truthing and follow up
surface sampling within and around Juan de Herrera’s numerous
geochemical and geophysical anomalies continues to pay dividends. The
recently identified Centro Zone is quickly evolving into a priority
area that in combination with the nearby Southeast Zone are two strong
potential drill targets for copper with gold mineralization. Field
crews are diligently following up on the new compelling sampling
results at the Centro and other priority zones throughout the
Project. We look forward to additional positive results
as our work continues.”

The newly delineated Centro Zone is located
approximately 425 metres east of the Southeast Zone where previously
reported sampling reported rock grab samples* up to 13.0% copper and 0.9 g/t gold and rock
trench sampling yielded 2.8% copper over 3.0m within 8.0m of 1.3%
copper.

Click Image To View Full Size

Figure 1:
Gold-in-Soil Geochemical and IP Geophysical map, Centro Zone of the Juan de
Herrera Project

Click Image To View Full Size

Photo 1: Rock
Cutting and Chip sampling at the Centro Zone of the Juan de
Herrera Project

The Company’s website has additional information, maps andfigures of recent and historical Juan de Herrera project data.

* Rock grabsamples are selective by nature and are unlikely to represent averagegrades on the property.

For reference: g/t = grams pertonne, Au = gold, Cu = coper, m = metres, IP = inducedpolarization

This news release has been reviewed by Michael Moore,Vice President, Exploration of Precipitate Gold Corporation, theQualified Person for the technical information in this news releaseunder NI 43-101 standards.

Rock and soil samples were bagged, sealed and delivereddirectly to Bureau Veritas (“BV”) preparation facility in MaimonDominican Republic where they were dried, crushed (or sieved in thecase of soils; preparation code SS80) and pulped. Sample pulps werethen delivered to BV facilities in Vancouver British Columbia Canadafor analyses (an ISO 9001 accredited facility). Rock samples werecrushed to with more than 70% passing 2mm mesh and split using ariffle splitter (code PRP70-250). An approximately 250-gram sub-samplesplit was pulverized to minus 200 mesh (74μm). A 15-gram sub-splitfrom the resulting pulp was then subjected to aqua regia digestion andmulti-element ICP-ES/MS analysis (code AQ201); samples with resultswith gold greater than 2 g/t were subjected to a gold (and selectivesilver) fire assay analysis and a gravimetric finish (30 g pulp;ICP-ES finish; code FA530-Au, Ag) and samples with results with coppergreater than 5,000 ppm were subjected to 0.5 gram pulp 4-aciddigestion and a selective ICP-MS analyses (code MA404). All coarserejects and pulps are currently stored at BV.

About the Juan de Herrera
Project:

The Juan de Herrera Project is owned 100% by
Precipitate Gold Corp. and comprised of approximately 12,706 hectares
located immediately adjacent to GoldQuest Mining’s Romero
gold-copper project within the Upper Cretaceous aged package of
volcanic and sedimentary Tireo Gold Formation in San Juan Province of
Dominican Republic. The project hosts intermediate sulphidation
epithermal and VMS style exploration targets. Work to date, including
extensive project wide geochemical and geophysical surveying and
limited diamond drilling, has delineated and outlined multiple
anomalous zones of gold and/or copper mineralization warranting
additional exploration and drilling.
Approximately 5.0 million gold equivalent ounces have
been discovered and advanced in the Tireo Formation belt in the last
decade, while vast areas of similarly prospective and proximal
terrain, such as that situated within Precipitate’s Juan de Herrera
project, remain largely underexplored.

About Precipitate Gold:

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
located immediately adjacent to GoldQuest Mining’s Romero Project,
its 100% owned Pueblo Grande project located immediately adjacent to
the Pueblo Viejo mine operated by Barrick, and its 100% owned Ponton
project located 30km east of the Pueblo Viejo mine. Precipitate is
also actively evaluating additional high-impact property acquisitions
with the potential to expand the Company's portfolio and increase
shareholder value, in other favourable jurisdictions.

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

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

“Jeffrey Wilson”

President & CEO

For further information, pleasecontact:

Tel: 604-558-0335 Toll Free: 855-558-0335 investor@precipitategold.com

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 releasemay contain "forward-looking information" within the meaningof applicable Canadian securities legislation. All statements, otherthan statements of historical fact, included herein are forwardlooking information. Generally, forward-looking information may beidentified 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 notanticipate", or "believes", or variations of such wordsand phrases, or by the use of words or phrases which state thatcertain actions, events or results may, could, would, or might occuror be achieved. This forward-looking information reflects PrecipitateGold Corp.’s (“Precipitate” or the “Company”) currentbeliefs and is based on information currently available to Company andon assumptions it believes are reasonable. Forward-looking informationis subject to known and unknown risks, uncertainties and other factorsthat may cause the actual results, level of activity, performance orachievements of Precipitate to be materially different from thoseexpressed or implied by such forward-looking information. Such risksand other factors may include, but are not limited to: the explorationconcessions may not be granted on terms acceptable to the Company, orat all; general business, economic, competitive, political and socialuncertainties; the concessions acquired by the Company may not haveattributes similar to those of surrounding properties; delay orfailure to receive governmental or regulatory approvals; changes inlegislation, including environmental legislation affecting mining;timing and availability of external financing on acceptable terms;conclusions of economic evaluations; and lack of qualified, skilledlabour or loss of key individuals. Although Precipitate has attemptedto identify important factors that could cause actual results todiffer materially from those contained in forward-looking information,there may be other factors that cause results not to be asanticipated, estimated or intended. Accordingly, readers should notplace undue reliance on forward-looking information. Precipitate doesnot undertake to update any forward-looking information, except inaccordance with applicable securities laws.

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