http://www.precipitategold.com/s/news.asp?ReportID=559910

Precipitate Appoints Jeffrey Wilson to Board of Directors

• Precipitate expects to benefit from Mr. Wilson's business experience, capital markets knowledge, and mining industry background.

Vancouver, B.C. -- December 3, 2012 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG) announces the appointment of Jeffrey R. Wilson to the Company's Board of Directors. Mr. Wilson has 20 years of experience in the mineral exploration and mining investment industries, and brings to Precipitate Gold a wealth of contacts throughout the investment community, including institutional investors, retail brokers, investment bankers, mining analysts, and private investors. During his career, Mr. Wilson has been involved in numerous equity financings, ranging from IPOs to private placements and syndicated brokered financings. Mr Wilson currently serves as Vice President, Corporate Communications at Geologix Explorations Inc. Precipitate grants to Mr. Wilson options to purchase up to 150,000 common shares, subject to TSX Venture Exchange acceptance. Each option is exercisable to acquire one common share of the Company at a price of $0.25 until December 3, 2017 in accordance with the terms of the Company's stock option plan.