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Precipitate Grants Incentive Stock Options

Vancouver, B.C. – May 25, 2020 – Precipitate Gold Corp. (“Precipitate” or the “Company”) (TSXV: PRG) announces that it has granted a total of 2,670,000 incentive stock options to directors, officers, and consultants of the Company, subject to TSX Venture Exchange acceptance. Each option is exercisable to purchase one common share of the Company until May 25, 2025 at a price of C$0.15 per common share in accordance with the terms of the Company’s stock option plan.

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.