Advancing STRATEGIC, DISTRICT SCALE

GOLD AND COPPER CAMPS

in the Dominican Republic

June 2019

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

Gold and Copper

Mining and Exploration Camps

Share Structure

TSX Venture Trading Symbol PRG.V

Issued and Outstanding Shares (7.0M shares escrowed) 82.6M

Fully Diluted Shares (only Options, no Warrants outstanding) 88.6M

Recent Share Price on TSX Venture Exchange $0.10

Market Capitalization at $0.13 ~$8.0M

Working Capital (at last Quarter end Feb 2019) $574K

Founders, Management and Insiders 10%

Strategic Metals Ltd. 26%

4

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

27 years experience including various gold systems in 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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Key Project – Pueblo Grande

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• 100% owned by Precipitate

• 10,000 hectares immediately adjacent to and

nearly surrounding Barrick’s Pueblo Viejo Mine

• Within 10km of 3 currently operating mines

(mining friendly region)

• Multiple known mineralized zones

• Several key priority targets for near-term

exploration

• Priority exploration target situated immediately

west of Barrick’s Pueblo Viejo mining pits

• The Lithocap Alteration zone represent a

substantial, underexplored target

Strategic Land Position

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Barrick’s PUEBLO VIEJO Highlights

• A high sulphidation epithermal gold-silver deposit

• 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)*

• Additional 3.6 Moz gold, 16.0 Moz silver, and 87.2

million pounds copper in the inferred category*;

• Projected annual production 1.0 million ounces gold

at $US 525.00 all-in-sustaining cost per ounce**

• Gold exports from Pueblo Viejo operations reached

US$708M for 2017, making Barrick one of the key

contributors to the country’s economy***

• $4.3.billion project infrastructure investment

• Contributes approximately 3% of Dominican

Republic’s GDP

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

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

***Based on annual 2017 production, Barrick website

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 Trench Samples:

• LA LECHOZA ZONE:

• 11.3 g/t gold and 310 g/t silver over 18 metres (Linear Gold 2015)

• 6.65 g/t gold and 18.8 g/t silver over 22 metres; including 22.1 g/t

gold and 48.6 g/t silver over 4 metres

• 1.13 g/t gold over 18 metres

• 4.35 g/t gold over 10 metres

Select Highlight Historic Drill Intercepts:

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

All trench data reported by Everton Resources

More than an Area Play

Peb Vej

Res.

Grades*

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

Pueblo Grande Project

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Multiple Underexplored Magnetic-High Target Anomalies

Magnetic

Structure

Compilation

TMIMagnetic Highs:

Multiple Untested or

Underexplored Magnetic

High Anomalies

Represent Possible

Untapped Opportunity

Pueblo Grande Project

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Lithocap Alteration and Magnetic High

Coincidental Lithocap Alteration and Magnetic-High Anomaly indicates High Sulphidation Target

Pueblo Grande ProjectSeveral New Multi-Element Soil Anomalies

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Pueblo Grande Project

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Conceptual Epigenetic Model

Pueblo Grande Project

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Dr. Stewart Redwood Report (Feb 14, 2019):

“The Pueblo Grande project includes the

extensive alteration zone on Loma la Cuaba on the

west side of the Pueblo Viejo deposit. This is

interpreted to be a lithocap of silica and advanced

argillic alteration related to Pueblo Viejo, and to be

highly prospective for epithermal Gold-Silver-

Copper-Zinc and concealed porphyry Copper-

Gold mineral deposits.”

“This is important for exploration as the new

porphyry lithocap model …opens up significant

new exploration targets on the Pueblo Grande

project.”

Independent Geological Review and Report

Pueblo Grande ProjectMultiple Underexplored Magnetic-High Target Anomalies

Magnetic

Structure

Compilation

TMI

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12 months Stock Chart

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Pueblo Grande

Acquisition

Announcement

Summary / Next Phase

▪ District Scale Land Positions in 2 Active Mining & Exploration Camps

(establishing PRG as prominent DR Explorer)

1) Strategic New Land Position Surrounding World Class

Pueblo Viejo Mine - Mining friendly and active region, within

10km of 3 active mines)

2) Significant Land Package adjacent to GoldQuest’s Romero

Project - Multiple Immediate Priority Targets for Drilling

▪ Extensive Geochemical and Geophysical Targets Throughout both

Projects Provides Guidance for Project Advancement

▪ Multiple Current Targets at Both Projects Warrant Near-Term Drill Testing

– Fully Drill Permitted at Juan de Herrera

▪ PRECIPITATE’S MAIDEN DRILL PROGRAM AT PUEBLO GRANDE

PLANNED TO COMMENCE SUMMER/FALL 2019

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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

Pueblo Grande Acquisition Terms

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100% Interest in Exchange for:

Cash: C$25,000

PRG Shares: 7,000,000 PRG Shares with re-sale restrictions as follows:

o 10% (700,000 shares) with resale legend expiring after 6 months;

o 10% (700,000 shares) with resale legend expiring after 12 months;

o 10% (700,000 shares) with resale legend expiring after 18 months;

o 15% (1,050,000 shares) with resale legend expiring after 24 months;

o 15% (1,050,000 shares) with resale legend expiring after 30 months;

o 40% (2,800,000 shares) with resale legend expiring after 36 months.

Transaction closed January 15, 2019

Properties Acquired:

▪ Pueblo Grande(adjacent to Barrick’s Pueblo Viejo)

▪ Ponton

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