Precipitate Gold Corp. announced it has commenced exploration field work on the Motherlode Gold Project ("Motherlode" or the "Project") within the Burin Peninsula of southern Newfoundland, Canada. The ongoing activity entails project-wide prospecting, geological mapping, and sampling to further assess the 7 high priority, and 11 secondary target areas delineated by previous exploration work, s shown on the accompanying map.

This initial phase will be followed up with ground geophysical surveys of induced polarization ("IP") and further detailed work to delineate targets for near-term drill testing. 11 historical mineral occurrences, including 8 gold showings; Select Historical sampling highlights: Rock grab samples: 25.0 g/t Au, 15.7 g/t Au, 11.6 g/t Au, 6.3 g/t Au & 4.5 g/t Au. Channel samples: 0.5m of 4.5 g/t Au, 1.5m of 10.1 g/t Au, 6.2m of 3.6 g/t Au; Airborne magnetic geophysics, surface geochemical samples (elevated gold and arsenic) and surface structural lineaments, identifies 7 high priority and 11 secondary target areas; Located within Newfoundland's Burin Peninsula, a current gold exploration focus of many other junior explorationists; District-scale potential within a 12,350 hectare project, an estimated 16.5-km long exploration trend hosted in late Proterozoic-age Burin Group volcanic and ultramafic rocks; Structurally related orogenic gold style mineralization, where gold enriched quartz veins- stockworks are strongly associated with shears, faults and folds containing low pyrite and arsenopyrite sulphide concentrations; and Excellent year-round road access, with highway access, a high-power electrical line bisecting the project, and nearby Atlantic Ocean ports.