http://www.kitco.com/pr/1502/article_02122013110502.pdf

Vancouver, B.C. – February 11, 2013 ‐ Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG) is pleased to announce the commencement of follow up exploration on its concession applications in the Dominican Republic’s Tireo Gold Trend.

Following encouraging recent results from the Company’s initial sampling programs, exploration personnel have returned to the Dominican Republic to carry out follow up geological mapping, detailed ridge & spur soil sampling and rock chip sampling at the priority Melchor and Ginger Ridge gold zones on the Juan de Herrera concession. As reported earlier, sampling and mapping at Ginger Ridge has identified a prospective area extending at least 1,100 metres long, with rock grab samples up to 11.8 g/t gold and >100g/t silver. Sampling at the Melchor zone has identified an area of surface quartz vein outcrop and float, where rock grab samples have yielded results up to 6.3 g/t gold. Crews will also investigate other drainages onPrecipitate’s concession applications that yielded anomalous results that were not followed up on earlier trips.

Jeffrey Wilson, Company President & CEO states, “We are pleased that our recently reported results warrant the commencement of a three week long detailed work program at the newly discovered Melchor and Ginger Ridge gold zones. Results of this program will help the Company determine the scope and nature of surface gold mineralization at the two zones and, importantly, provide technical guidance for possible future IP style geophysical surveying. IP geophysics has become a well‐established tool for identifying potential drill targets – both outcropping and blind ‐ in the Tireo Gold Trend”.

The Company also wishes to announce it has entered into a Consulting Agreement with Grandich Publications LLC (“Grandich”) dated February 11, 2013. Pursuant to the terms of the Agreement, Grandich has agreed to provide investor relation services to the Company for a period of three months in consideration of the payment of C$2,000 per month and the grant of 100,000 stock options to purchase up to 100,000 common shares of the Company at a price of C$0.40 subject to vesting according to the Company’s stock option plan. Headed by Peter Grandich, Grandich Publications, LLC will assist the Company in strategic marketing and communications. The Agreement and the grant of stock options to Peter Grandich are subject to the acceptance of the TSX Venture Exchange. Note: Rock grab samples are selective by nature and are unlikely to represent average grades on the property.

Additional information can be viewed at the Company’s website www.precipitategold.com. TSX VENTURE: PRG | www.precipitategold.com Suite 860 – 789 W. Pender St., Vancouver BC, V6C 1H2 info@precipitategold.com Toll free: 855 558 0335 Direct: 604 558 0338 Page 2 of 2 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.,

“Jeffrey Wilson”

President & CEO