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Precipitate Grants Incentive Stock Options

Vancouver, B.C. – January 29, 2021: Precipitate Gold Corporation (the “Company” or “Precipitate”) (TSXV: PRG) announces that it has granted stock options to certain of its directors, officers and consultants to purchase up to 2,690,000 common shares. Each option is exercisable to acquire one common share of Precipitate at a price of $0.21 until January 29, 2026. The options will vest in accordance with the Company’s stock option plan and are subject to TSX Venture Exchange acceptance.

About Precipitate Gold:

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
For further information, please contact:

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.