Advancing STRATEGIC, DISTRICT SCALE GOLD AND COPPER CAMPS. in the Dominican Republic

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1 Advancing STRATEGIC, DISTRICT SCALE GOLD AND COPPER CAMPS in the Dominican Republic December 2018

2 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

3 Introduction District-Scale Strategic Land Positions in the Dominican Republic s Two Most Prospective and Active Gold and Copper Mining and Exploration Camps 3

4 Share Structure TSX Venture Trading Symbol PRG.V Issued and Outstanding Shares 75.6M Fully Diluted Shares (only Options, no Warrants outstanding) 81.6M Recent Share Price on TSX Venture Exchange $0.08 Market Capitalization at $0.07 Working Capital (approximate as at Oct 1, 2018) ~$6.0M $1.1M Founders, Management and Insiders 10% Strategic Metals Ltd. 30% 4

5 Directors & Management Adrian Fleming Chairman, Director Jeffrey Wilson President & CEO, Director Geologist with 40 years experience. Responsible for discovery of Underworld Resources White Gold deposit. Underworld bought by Kinross for $139.0M in Founding Director of Northern Empire bought by Coeur Mining for $117.M. Current Director of multiple resource-focused public companies 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 Hennigh Director Alistair Waddell Director Lon Shaver Director Michael Moore VP Exploration 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 Former President/CEO of GoldQuest Mining Corp. Former VP, Greenfields Exploration for Kinross Gold Corp. Current President and CEO of Inflection Resources. 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. 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. 5

6 Newly Appointed Advisor Mr. Mejico Angeles- Lithgow Advisor 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. Mr. Angeles-Lithgow was responsible for co-managing one of the largest gold mining operations in the world and one of the Dominican Republic s most important economic drivers. Mr. Angeles-Lithgow provides critical local and in-country expertise to augment the geological and business acumen of the Company s management team and Board of Directors. His track record for establishing mutually beneficial relationships between the mining sector and local communities, business leaders and government officials at all levels, provides invaluable insight to Precipitate as it commences activities at its Pueblo Grande Project. In his prior capacities at Pueblo Viejo, Mr. Angeles-Lithgow established himself as an important leader in the country s mining sector, while making unique contributions to an admirable precedent for successful and responsible mining in the Dominican Republic. 6

7 Dominican Republic 7

8 Key Projects PUEBLO GRANDE Project (100% interest) JUAN de HERRERA Project (100% interest) 10,000 hectares adjacent to Barrick s Pueblo Viejo gold-copper-silver Mine 12,000 hectares adjacent to GoldQuest s Romero gold-copper Deposit 8

9 Strategic Land Position Barrick s PUEBLO VIEJO Highlights A high sulphidation epithermal gold-silver deposit Largest active gold mining operation in Latin America; 4 th largest in the world 13.4 million ounces gold, 74.4 Moz silver, and million pounds copper (measured and indicated mineral resource from million tons grading 2.46 g/t gold, 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 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 report. ***Based on annual 2017 production, Barrick website 9

10 Pueblo Grande Project Article published April 24, 2018 Barrick executives said the company is shifting to a growth strategy, focusing on Nevada and the Dominican Republic 10

11 Pueblo Grande Historic Highlights Highlights of New Property Acquisition: 100% interest in strategic land position surrounding Barrick s Pueblo Viejo mine (largest active gold mining operation in Latin America; top 5 in the world); Pueblo Viejo is a high sulphidation epithermal gold-silver-copper deposit 2 high-level historical drill discovery zones (Tres Bocas & La Lechoza) warranting follow-up; Large under-explored lithocap alteration zones commonly associated with masked high sulphidation epithermal mineralization proximal to, and on strike from Pueblo Viejo open pits; Extensive drill dataset of 220 historic drill holes totalling nearly 30,000 metres; Numerous geophysical surveys (airborne and surface) (IP, Magnetics, GEOTEM, Max-Min) Situated in active and mining-friendly district within 10 km of 3 operating mine sites 11

12 Pueblo Grande Historic Highlights Select Highlight Historic Drill Intercepts: More than an Area Play Metres Gold Silver Copper Zinc Zone Everton News Source (m) (g/t) (g/t) (%) (%) La Lechoza Jan 27/11 (DDH APV-30) Tres Bocas May 17/06 (DDH TBM-07) La Lechoza Feb 02/11 (DDH APV11-02) La Lechoza Dec 20/10 (DDH APV10-13) La Lechoza Apr 13/11 (DDH APV11-30) All drill core intercepts commence at less than 20m drill depth and are core widths not true widths 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 All trench data reported by Everton Resources 12

13 Pueblo Grande Project Multiple Underexplored Magnetic-High Target Anomalies Magnetic Highs: Magnetic Structure Compilation TMI Multiple Untested or Underexplored Magnetic High Anomalies Represent Possible Untapped Opportunity 13

14 Pueblo Grande Project Lithocap Alteration and Magnetic High Coincidental Lithocap Alteration and Magnetic-High Anomaly indicates High Sulphidation Target 14

15 Pueblo Grande Project Hypothetical Schematic of High Sulphidation Model Mag-High Target at Pueblo Grande Mag-High at at Pueblo Viejo 15

16 Pueblo Grande Project Multiple Underexplored Magnetic-High Target Anomalies Magnetic Structure Compilation TILT Magnetic Structure Compilation TMI

17 Pueblo Grande Project 3 Key Target Areas: o The acquired sizeable property dataset provides an excellent starting point to benefit from past work and to immediately focus on priority gold and base metal prospects identified through geophysics, geology, geochemistry and most importantly past drill intercepts with limited follow-up. Near Term Focus & General Exploration Plan: o Update historical dataset to a modern digital format, to be followed by detailed review and analyses. o Identify and focus on high priority zones for immediate field work; particularly zones of silica-clay-magnetite alteration as previously ignored vectoring tool to high sulphidation style mineralization (ie - magnetic positive & high resistivity) o Identification of critical structural, lithological and alteration elements via high level geological field mapping and detailed surface imaging (drone and LIDAR). o Drill testing of generated exploration targets 17

18 Juan de Herrera Project - Targets Multiple Target Areas Several existing and emerging prospective targets warrant ongoing follow-up and possible future drill testing 18

19 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 Well Financed to Complete Current Programs and Additional Follow up Exploration 19

20 Jeffrey Wilson CEO & President Michael Moore Vice President, Exploration Precipitate Gold Corp. 625 Howe Street, Suite 1020 Vancouver, BC V6C 2T6 Canada Telephone: Toll Free: