Precipitate Gold Appoints Technical Consultant

VANCOUVER, BRITISH COLUMBIA, Aug 30, 2012 (MARKETWIRE via COMTEX) -- Precipitate Gold Corp CA:PRG -5.26% ("Precipitate" or the "Company") is pleased to announce that it has appointed James Campbell Graham as a technical consultant. Mr. Graham stated, "I am excited to return to the Dominican Republic and help advance a large concession covering so much prospective geology. The Tireo Belt is a great exploration address and Precipitate's team of experienced and well-known geologists is the just the sort of group to tackle this project with."

Mr. Graham worked continuously in the Dominican Republic from 1996 to 1999, carrying out geophysical surveys on a number of projects with an emphasis on Induced Polarization, a method that has been particularly successful at targeting mineralization in the Tireo Gold Trend. Mr. Graham was integral to the completion of the recent letter agreement whereby the Company will be acquiring two mineral concession applications in the Dominican Republic, including the Juan de Herrera concession application that borders GoldQuest Mining Corp's Tireo Belt holdings. Mr. Graham will consult on an ongoing basis with regards to exploration planning, execution and interpretation. He will call on his high-level contacts in the Dominican Republic to help advance Precipitate's goal of making discoveries in this exciting new area.

Mr. Graham has been an international mineral exploration consultant for more than 20 years. He has been a key team member in projects ranging from initial exploration through to advanced development for resource companies operating in Canada, United States, Mexico and much of Latin America. Originally qualified in Geophysical Engineering, Mr. Graham holds Bachelor of Science (Honours) and Master of Engineering degrees from the Colorado School of Mines, is a Professional Engineer registered in the Province of British Columbia, and a "Qualified Person" in accordance with the Canadian National Instrument 43-101 - Standards of Mineral Disclosure for Mineral Projects. Mr. Graham is bilingual in English and Spanish.

Precipitate is focused on exploring and developing its gold properties in the Dominican Republic and northwestern Canada. The Company continues to review opportunities in both these and other geological and geopolitically attractive jurisdictions. With a proven management team, a growing portfolio of quality gold assets, including prospective concessions adjacent to GoldQuest's Tireo holdings in the Dominican Republic, and $1.8 million in working capital, the Company is well positioned for continued growth in 2012.

August 30, 2012 (Source: Marketwatch)

http://www.marketwatch.com/story/precipitate-gold-appoints-technical-consultant-2012-08-30-121732926

Disclosure:  Precipitate Gold is a Vulture Bargain Candidate of Interest (VBCI). Members of the GGR team may hold long positions in PRG.V. The editor of GGR participated in a private placement for Precipitate Gold and holds a long position at the time of publication.