Barrick Gold Corporation has provided an exploration update on the Phase II diamond drilling program and continued advancement of additional targets within Precipitate's 100% owned Pueblo Grande Project. Barrick's exploration is part of an earn-in agreement whereby Barrick has the right to earn a 70% interest in the Project. Pueblo Grande Norte Zone: Barrick's Diamond Drill Program Update: Barrick completed 4 diamond drill holes totalling approximately 1,200 metres at the Project's Pueblo Grande Norte Zone, located immediately west of Barrick's Pueblo Viejo mining pits; 3 of the 4 holes encountered encouraging permeable volcanic lithologies affected by high- sulfidation type alteration with several events of strong sulfide disseminations, similar to observations at the neighbouring Pueblo Viejo Mine; Final multi-element laboratory analytical results are pending, but significant gold and silver values are not anticipated from these initial holes.

However, the favourable high sulphidation type alteration encountered in these recently completed holes warrants follow up geophysics and diamond drilling with a second rig, and supports the zone's potential to host gold mineralization; Barrick plans to conduct a detailed ground magnetic survey and a follow up drilling program within the Zone as part of the planned drilling program at Pueblo Grande Norte. Pueblo Grande Sur Zone: Barrick's New Target Delineation and Ongoing Exploration: Exploration to date has identified two early-stage targets of coincident soil anomalies and geophysical anomalies (IP chargeability); Barrick has conducted various phases of geological surface mapping, systematic grid soil sampling and reconnaissance scale IP ground geophysics; Barrick's exploration work for 2024 will delineate and refine drill-worthy targets in this emerging area of the Project, with Pueblo Grande Sur diamond drill testing permits expected during 2024; The Pueblo Grande Sur Zone is located several kilometers to the southeast of Barrick's Pueblo Viejo mining pits.