Advancing STRATEGIC, DISTRICT SCALE

GOLD AND COPPER CAMPS

in the Dominican Republic

January 2020

Forward Looking Statements

Certain information regarding the Company contained herein may constitute forward-looking statements

within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans,

expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact.

Although the Company believes that the expectations reflected in such forward-looking statements are

reasonable, it can give no assurance that such expectations will prove to have been correct. The Company

cautions that actual performance will be affected by a number of factors, many of which are beyond the

Company’s control, and that future events and results may vary substantially and materially from what the

Company currently foresees.

This presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or

subscribe for any securities in Precipitate Gold Corp., nor shall it or any part of it form the basis of or be

relied on in connection with or act as any inducement to enter into any contract or commitment whatsoever.

No reliance may be placed for any purpose whatsoever on the information or opinions contained in this

presentation or on any other document or oral statement or on the completeness accuracy or fairness of

any such information and/or opinions. No undertaking, representation, warranty or other assurance express

or implied is made or given by or on behalf of Precipitate Gold Corp. or any of its directors, employees or

advisors, as to the accuracy or completeness of the information or opinions contained in this presentation

and, save in the case of fraud, no responsibility or liability is accepted by any of them for any such

information or opinions or for any errors, omissions, misstatements, negligence or otherwise contained or

referred to in this presentation. The contents of this presentation have not been approved by an authorized

person.

2

Introduction

3

District-Scale

Strategic Land Positions in the

Dominican Republic’s

Two Most Prospective and Active

GoldMining and Exploration Camps

Share Structure

TSX Venture Trading Symbol PRG.V

Issued and Outstanding Shares (6.3M shares escrowed) 92.8M

Fully Diluted Shares 103.5M

Recent Share Price on TSX Venture Exchange $0.24

Market Capitalization at $0.24 ~$22.0M

Working Capital (approx. as at Nov 2019) $1.6M

Founders, Management and Insiders 8%

Strategic Metals Ltd. 23%

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Directors & Management

Adrian FlemingChairman, Director

Geologist with 40 years experience. Responsible for discovery of Underworld

Resources’ White Gold deposit. Underworld bought by Kinross for $139.0M in 2010.

Founding Director of Northern Empire bought by Coeur Mining for $117.M. Current

Director of multiple resource-focused public companies

Jeffrey WilsonPresident & CEO, Director

25 years experience in mining sector. Background in IR and finance. Past Director

Welcome Opportunities (purchased by Endeavour Mining 2002) and involved in the

formation of Silver Quest Res. (bought by New Gold in 2012 for a value of

$130.0M). Former VP at Geologix Explorations.

Quinton HennighDirector

Economic Geologist (PhD) and CEO of Novo Resources. Prior roles with Homestake,

Newcrest and Newmont. Led Gold Canyon’s exploration at Springpole project near

Red Lake, Ontario. Current Director of multiple resource-focused public companies

Alistair WaddellDirector

Former President/CEO of GoldQuest Mining Corp. Former VP, Greenfields Exploration

for Kinross Gold Corp. Current President and CEO of Inflection Resources.

Lon ShaverDirector

Vice President Silvercorp Mining. Former Investment Banker at Raymond James and

former roles as a sell-side mining analyst, public/private company CFO, and

independent consultant providing advisory services to mining clients.

Michael MooreVP Exploration

28 years experience including various VMS & Gold systems in Dominican Republic,

Canada, United States, Cuba, Ghana, Greenland and Archean nickel-PGM in Nunavut

and manto-CRD type systems in Mexico.

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Additional Key Personnel

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Mr. Mejico Angeles-LithgowAdvisor

A Dominican national who, until March 2018 held the position of President and

Executive Director of the Barrick-Pueblo Viejo mining operation in the

Dominican Republic, which is the single largest investment in the country’s

economic history.

Mr. Angeles-Lithgow worked at Barrick-Pueblo Viejo for nearly 11 years,

having held the position of Director of Government Affairs before being promoted

to President and Executive Director.

Dr. Stewart RedwoodEngaged to compose recent

Technical Report on

Pueblo Grande Properties

Independent

(not an Officer or Director)

Renowned economic geologist, having worked for numerous mining and

exploration companies in over 35 countries around the world, with a specific

focus and expertise within Latin America.

Authored multiple papers published in Economic Geology and other journals and

has authored (or co-authored) 11 reports on Dominican Republic geology and

ore bodies, including the Pueblo Viejo gold deposit located immediately

adjacent to Precipitate's new Pueblo Grande Project in central Dominican

Republic.

In the early 2000's Dr. Redwood served as the first President & CEO of

GoldQuest Mining, where he worked extensively exploring and evaluating

multiple projects throughout the Dominican Republic.

Dominican Republic

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Pueblo Grande & Ponton Projects

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Highlight DDH27.1m @ 0.46% Cu, 0.3 g/t Au

Highlight DDH7.5m @ 2.56 g/t Au, 1.4% Cu, 4.4 % Zn

Highlight DDH10.6m @ 2.96 g/t Au, 2.0% Cu, 9.4 % Zn

* All drill core intercepts commence at less than 20m drill depth and are core widths not true widths

Highlight DDHs19.0m @ 0.41 g/t Au10.2m @ 0.85% Cu

GreenfieldTargets

Strategic Land Position

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• Largest active gold mining operation in Latin

America; 4th or 5th largest in the world

• 13.4 million ounces gold, 74.4 Moz silver, and

298.5 million pounds copper (measured and

indicated mineral resource from 169.5 million

tons grading 2.46 g/t gold, 13.66 g/t silver and

0.08% copper)*

• Projected annual production ~ 1.0 million

ounces gold at $US 625 all-in-sustaining cost

per ounce**

• $4.3.billion project infrastructure investment

• Additional $1.0 billion investment announced

2019

• Single largest contributor to Dominican

Republic’s economy

*Based on: 2017 production figures -Thomson Reuters and stats released

by gold miners. **March 2018, NI 43-101 report.

***Based on projected annual 2019 production, Barrick website

Adjoining Barrick’s Pueblo Viejo

Pueblo Grande Historic Highlights

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Metres

(m)

Gold

(g/t)

Silver

(g/t)

Copper

(%)

Zinc

(%)

Zone Everton News Source

23.4 4.76 23.0 La Lechoza Jan 27/11 (DDH APV-30)

10.6 2.96 104.9 2.0 9.4 Tres Bocas May 17/06 (DDH TBM-07)

27.0 2.46 26.7 La Lechoza Feb 02/11 (DDH APV11-02)

7.5 2.56 47.2 1.4 4.4 La Lechoza Dec 20/10 (DDH APV10-13)

10.5 2.29 65.0 0.6 3.4 La Lechoza Apr 13/11 (DDH APV11-30)

Select Highlight Historic Drill Intercepts:

All drill core intercepts commence at less than 20m drill depth and are core widths not true widths

More than an Area Play

Peblo

Viejo

Res.

Grades*

2.46 13.66 0.8*March 2018, NI 43-101 report.

Reported Grades from PUEBLO VIEJO MINE:

Historic Drill Intercepts Inline with Pueblo Viejo Mine Grades:

Pueblo Grande ProjectMultiple Underexplored Magnetic Target Anomalies

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Tilt Magnetics and

Satellite Inferred Structures

Compilation MapMagnetic Anomalies

Multiple Untested or

Underexplored Magnetic

High Anomalies

Represent Possible

Untapped Opportunity

Pueblo Grande Primary Target

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Barrick’s Recently

Reported New

Exploration Zone,

Arroyo Hondo

Large under-explored Loma Cuaba

“Lithocap Zone” provides compelling

new target area

Pueblo Grande ProjectSeveral New Multi-Element Soil Anomalies

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Several multi-element soil

anomalies along ridges

trending NW

Pueblo Grande ProjectGeological Mapping Shows Significant Surface Silica Zones

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Silica Zones – possible surface

expression of epithermal system

Silica Zones coincide with

ridges/structures – fluid conduits

Pueblo Grande ProjectSeveral New Magnetic Anomalies

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Mag Lows = Magnetite

Destruction. Associated with

High Temp Alteration = High

sulphidation

Pueblo Grande ProjectMultiple Drill Targets Identified

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Soil Geochem + Silica Zones +

Mag Lows = High sulphidation

epithermal drill target

Summary / Next Phase

▪ Strategic Land Position Surrounding World Class Pueblo Viejo Mine

Mining friendly and active region, within 10km of 3 active mines

▪ Fully Permitted for Drilling at all Target Zones within Portfolio

▪ 8 Newly Delineated Drill Targets within Loma Cuaba Lithocap Zone

• 5 High Priority Testing near-surface Epithermal Mineralization

• 3 Additional Secondary Targets including Porphyry Affinities

▪ Anticipated program of 2,500 - 3,500 metres in 6 - 8 holes

▪ None of the 8 Target Zones Have Been Drilled Previously

▪ Drill Preparation Underway with Commencement as Promptly as Possible

▪ Multiple Additional Zones (Brownfields and Greenfield) Throughout

Project to See Groundwork to Advance Possible Future Targets

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12 months Stock Chart

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Precipitate Gold Corp.

625 Howe Street, Suite 1020

Vancouver, BC V6C 2T6

Canada

Telephone: 604-558-0335

Toll Free: 855-558-0335

Jeffrey Wilson

CEO & President

jwilson@precipitategold.com

Michael MooreVice President, Exploration

mmoore@precipitategold.com

Juan de Herrera Project - Targets

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Multiple Target Areas

Several existing and emerging prospective

targets warrant ongoing follow-up and possible

future drill testing

Secondary Asset Represents Optionality