IP Inca Pacific Resources

Precipitate Gold Corp. (the "Company" or "Precipitate") (TSX VENTURE:PRG) is
pleased to announce the results of its recently completed induced polarization
("IP") geophysical survey at the Ginger Ridge Zone within the Company's Juan de
Herrera concession in the Dominican Republic. 


The Ginger Ridge IP geophysical survey was conducted on five parallel grid lines
at 200 metre intervals centred over the middle of the zone's gold-silver
geochemical anomaly. The geophysical survey covered approximately 800 metres
strike length within the central core of the 2,000 metre long surface gold
anomaly and achieved the following noteworthy results:




--  contiguous chargeability and resistivity highs coincident with surface
    gold anomalies identified across the entire strike of the 800 metre
    survey grid; 
    
--  marked chargeability high starting at surface coincident with previously
    reported surface trench sampling results of 32.5 metres of 1.0 g/t gold
    and 18 g/t silver; 
    
--  strongest chargeability readings (up to 10 mv/v) reported from the
    northernmost line (L1000), leaving the anomaly open to the northwest; 
    
--  entire chargeability anomaly remains open along strike to northwest and
    southeast and to depth below the estimated survey depth limit of 200
    metres; and 
    
--  sufficient technical data has now been compiled to commence planning for
    an initial diamond drill program



See the accompanying figures and the Company's website for additional
compilation illustrations.


Jeffrey Wilson, Company President & CEO stated, "We are very pleased with the
Ginger Ridge IP results as they provide precisely the kind of geophysical data
we were hoping to attain. The strong correlation between surface gold and silver
sample results and underlying chargeability anomalies increases our confidence
in Ginger Ridge's potential. Given the successful precedent established by
others in the region in applying this technology, the results of our survey
provide compelling targets for drill testing. It's additionally encouraging that
the most noteworthy geophysical anomalies at Ginger Ridge, in terms of
chargeability and resistivity, are very near bedrock surface and remain open
along strike and at depth, providing potential for future expansion through
additional IP and/or drilling. In short, we're excited that the results of this
geophysical survey have provided significant technical assistance in delineating
targets for a first phase drill program, currently being planned."


The Ginger Ridge IP geophysical survey covers an area measuring about 1,000m by
800m and is aligned over the central portion of the multi-element surface
geochemical anomaly, which drapes over the northeast facing slope of Ginger
Ridge. Elevated chargeability readings correlate well with the surface trace of
the northwest trending gold-in-soil anomalies, likely marking zones of increased
sulphide concentrations within the host Tireo volcanic rocks. Significantly, the
survey identified a marked chargeability high on line 1400 which correlates well
with the previously reported surface rock chip channel sampling results of 32.5
metres of 1.0 g/t gold and 18 g/t silver; including 23.0 metres of 1.3 g/t gold
and 22 g/t silver. 


Moving from north to south, elevated chargeability readings start at bedrock
surface and are strongest on the northernmost line 1000 (up to 10mv/v), then
over the 800 metre long survey extent tend to project deeper to the southeast
and have a reduced relative strength at the southernmost survey line 1800 (up to
4.5 mv/v). Importantly, the primary elevated chargeability anomalies remain open
on strike, both to the northwest and southeast and also at depth. Together, the
resistivity and chargeability readings appear to map major rock types and
structures. On the western side of the survey area, a regionally mapped thrust
fault is inferred to dip vertically to steeply to the northeast, marking the
structural contact between older limestone rocks and the overlying gold-silver
enriched Tireo volcanic lithologies. 


The induced polarization/resistivity survey was conducted by Insight Geophysics
Inc. of Oakville Ontario. The survey used a 10 kW Time Domain IP system using
the Elrec Pro receiver with an "n" spacing equal to 25 metres, which provided
quality subsurface resolution for each Insight section array. 


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.


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. 




On Behalf of the Board of Directors of Precipitate Gold Corp.,              
                                                                            
"Jeffrey Wilson"                                                            
                                                                            
President & CEO                                                             



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 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 labour 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jeffrey Wilson
President & CEO
Tel: 604-558-0338
Toll Free: 855-558-0335
investor@precipitategold.com

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