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Precipitate Completes $1.0 Million Non-Brokered Private Placement

May 28, 2014



ENP Newswire - 28 May 2014

Release date- 27052014 - Vancouver, B.C. - Precipitate Gold Corp. (TSXV: PRG) is pleased to announce that it has completed a non-brokered private placement of 6,953,333 units of the Company at a price of C$0.15 per unit for gross proceeds of C$1,043,000.

Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one additional common share at a price of C$0.25 per common share until May 26, 2015, subject to the Company's right to accelerate the expiry date of the warrants if the daily volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange is equal to or exceeds C$0.50 for a period of 10 consecutive trading days between September 27, 2014 and May 26, 2015.

No finders' fees were paid in connection with the Offering.

Precipitate will apply the net proceeds of the Offering to future exploration of the Company's projects in the Dominican Republic and Sonora State, Mexico as well as general working capital purposes.

All securities issued or issuable under the Offering are subject to a four-month hold period expiring on September 27, 2014, in addition to such other restrictions as may apply under applicable securities laws in jurisdictions outside of Canada.

About Precipitate Gold

Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in the Tireo Gold Trend of the Dominican Republic and Sonora State, Mexico. The Company also maintains assets in northern British Columbia and southeast Yukon Territory and is actively evaluating additional high-impact property acquisitions with the potential to expand the Company's portfolio and increase shareholder value.

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

Contact:

Jeffrey Wilson

President & CEO

Precipitate Gold Corp.

Tel: 604-558-0338

Toll Free: 855-558-0335

Email: investor@precipitategold.com


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Source: ENP Newswire


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