Ag and Au Concentrate Sales Accelerate for GSilver

Ag and Au Concentrate Sales Accelerate for GSilver Company Expands Private Placement VANCOUVER, BC / ACCESSWIRE / November 29, 2021 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to provide a production update on the continuing ramp-up at its 100% owned El Cubo silver and gold mine in Guanajuato, Mexico. Concentrate Sales: On November 15, 2021, the Company received provisional proceeds of approximately US$750,000 from the sale of a second delivery of precious metals concentrate from El Cubo. This second shipment consisted of approximately 90 tonnes of bulk silver and gold concentrate grading approximately 220 ounces per tonne silver and 2.2 ounces per tonne gold; the Company continues to ramp up both in terms of tonnes processed and head-grade. Additionally, the Company has now delivered and invoiced approximately 175 additional tonnes of concentrate at similar grades and anticipates receiving a third provisional payment of approximately US$1,300,000 on or about Dec. 3, 2021. James Anderson, Chairman and CEO, said, "As Mexico's newest precious metals producer, we continue to advance towards the successful completion of this ramp-up stage at El Cubo. Because of the technical excellence and deep commitment of our Mexican operations team, we remain ahead of our planned production schedule, and our goal of becoming EBITA positive in Q1 remains on-track." Mine Production: Since October 15, 2021, the Company has mined mineralized material at the rate of approximately 450 tonnes per day from the El Cubo mine. For the week ending November 21, 2021, the Company averaged 950 tonnes per day while combining mining from El Cubo and deliveries from the El Pinguico stockpile, showing GSilver's ability and flexibility to accelerate production as desired and as warranted. The current mined output from El Cubo remains on target with the Company's ramp-up schedule. The El Cubo processing complex is currently operating at approximately 1,000 tonnes per day and the Company expects the plant to operate for 22 to 24 days per month, with 6 to 8 days per month of downtime for further refurbishment and mill maintenance, for an average monthly operating rate of 22,500 tonnes for the next 6 months. Recoveries: Since the recommencement of production, silver recoveries have averaged approximately 85%; this is approximately 99% of the recovery target rate and represents a remarkable achievement coming so soon after the re-start. Gold recoveries are also improving; recoveries have averaged approximately 74%, which is approximately 84% of the targeted historical recovery rate. GSilver has implemented and continues to implement several procedures to boost gold recoveries and is confident that gold recoveries will continue to increase to more than 80% in the near future. Private Placement: GSilver also announces that due to increased demand the Company has expanded the size of its non-brokered private placement financing announced November 18, 2021 (the "Private Placement"). Subject to acceptance of the TSX Venture Exchange, the Private Placement will now consist of a total of 16,000,000 units ("Units") at a price of $0.55 per Unit for gross proceeds of $8,800,000. Each Unit will consist of one common share of the Company and one half (1/2) of a common share purchase warrant (each whole warrant a "Warrant"); with each Warrant entitling the holder to purchase an additional common share of the Company at a price of $0.75 within two years of closing, subject to acceleration in certain events. All other terms of the Private Placement as announced on November 18, 2021 remain the same with an initial closing of the Private Placement planned for tomorrow, November 30, 2021. About Guanajuato Silver Co. Ltd.: GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company is currently producing silver and gold at its 100% owned El Cubo Mine, while simultaneously advancing the nearby El Pinguico Mine to restart. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history. ON BEHALF OF THE BOARD OF DIRECTORS "James Anderson" Chairman and CEO For further information regarding Guanajuato Silver Co. Ltd, please contact: JJ Jennex, Gerente de Comunicaciones T: 604 7213 1433 E: jjj@GSilver.com Gsilver.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the ability of the Company to successfully ramp-up and maintain production at El Cubo to the planned tonnage and produce larger quantities of silver and gold concentrate at higher grades; the Company's ability to restart production from the El Pinguico mine and supply sufficient quantities of silver and gold bearing material from El Pinguico and El Cubo to the El Cubo mill to produce concentrate at the projected amounts, grades, costs and revenues; the amount and timing of receipt of the provisional payment from the Company's third delivery of concentrate sales, the Company's ability to increase gold recoveries in excess of 80% in the near future and achieve positive EBITA by Q1 of 2022, the Company's future development and production activities; estimates of mineral resources and the accessibility, attractiveness, mineral content and metallurgical characteristics thereof; the opportunities for future exploration, development and production at El Cubo and El Pinguico and the proposed exploration, development and production programs therefor and the timing and costs thereof; the success related to any future exploration, development and/or production programs; and the total funds raised under the Private Placement and the timing thereof. Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our mineral resource estimates at El Cubo and El Pinguico and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock conforming to sampled results and metallurgical performance; tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; success of the Company's combined El Cubo / El Pinguico operation; prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, actual results of exploration, development and production activities, actual resource grades and recoveries of silver and gold, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, and other risks in the mining industry. There are no assurances that GSilver will be able to successfully ramp-up and maintain production at the El Cubo mill to process mineralized materials to produce silver and gold concentrate in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from its estimated resources at El Cubo and above and underground stockpiles at El Pinguico through the El Cubo mill is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the results of the Company's recently announced preliminary economic assessment and projected production of silver and gold will be realized. There is also uncertainty about the spread of COVID-19 and variants of concern and the impact they will have on the Company's operations, supply chains, ability to access El Pinguico and/or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law. SOURCE: Guanajuato Silver Company Ltd. View source version on accesswire.com: https://www.accesswire.com/674954/Ag-and-Au-Concentrate-Sales-Accelerate-for-GSilver Copyright © 2021 Guanajuato Silver Company Ltd., All rights reserved. You are receiving this email because you opted in via our website. Our mailing address is: Guanajuato Silver Company Ltd. 578 – 999 Canada Place Vancouver, BC V6C 3E1 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.

White Gold Corp. Announces $9M Strategic Financing

TSX.V: WGO, OTCQX: WHGOF, FRA: 29W

White Gold Corp. Announces Fully Subscribed $9 Million Private Placement   Agnico To Increase Ownership To 19.9% Share this story... ‌ ‌ ‌ Toronto, ON – Nov 25, 2021 – White Gold Corp. (TSX.V: WGO, OTCQX: WHGOF, FRA: 29W) (the “Company” or “White Gold”) is pleased to announce a non-brokered private placement of flow-through common shares at a price of $0.98 per share (each a “Tranche 1 Flow-Through Share”), flow-through common shares at a price of $0.80 per share (each a “Tranche 2 Flow-Through Share”) and common shares in the capital of the Company at a price of $0.70 per common share (each a “Common Share”) for total gross proceeds of approximately $9,000,000.   Pursuant to an investor rights agreement between the Company and Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) (“Agnico”) dated December 13, 2016, Agnico has indicated that it intends to increase its interest in the Company to 19.9% on a post-offering basis.  “We are very grateful for the continued support of our exciting and impactful exploration activities in the prolific White Gold District. Details on our future activities will provided in due course,” stated David D’Onofrio, Chief Executive Officer. Each Tranche 1 Flow-Through Share and Tranche 2 Flow-Through Share shall be issued as a “flow-through share”, as defined in subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”). The gross proceeds from the sale of the Tranche 1 Flow-Through Shares and the Tranche 2 Flow-Through Shares will be used by the Company to incur “Canadian exploration expenses” that will qualify as “flow-through mining expenditures”, as such terms are defined in the Tax Act, on its properties in the White Gold District of the Yukon Territory (the “Qualifying Expenditures”) on or before December 31, 2022. The Qualifying Expenditures will be renounced to subscribers of Tranche 1 Flow-Through Shares and Tranche 2 Flow-Through Shares with an effective date no later than December 31, 2021. The net proceeds from the sale of the Shares will be used for working capital and other general corporate purposes. The Tranche 1 Flow-Through Shares, the Tranche 2 Flow-Through Shares and the Shares to be issued under the Offering will be offered pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Closing of the Offering is anticipated to occur on or about December 21, 2021 (the "Closing Date"). The securities issued pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the Closing Date in accordance with applicable securities legislation. Participation by Agnico and any other insiders of the Company (collectively, the “Insiders”), in the Offering will be considered a “related party transaction” pursuant to Multilateral Instrument 61- 101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company will be exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Insiders’ participation in the Offering in reliance of sections 5.5(a) and 5.7(1)(a) of MI 61-101. A material change report will be filed in connection with the participation of Insiders in the Offering less than 21 days in advance of the closing of the Offering, which the Company deemed reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and complete the Offering in an expeditious manner. This proposed Offering is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange (“TSXV”). FOLLOW US ‌ ‌ ‌ ‌ ‌ About White Gold Corp. The Company owns a portfolio of 21,111 quartz claims across 31 properties covering over 420,000 hectares representing over 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold property hosts the Company’s Golden Saddle and Arc deposits which have a mineral resource of 1,139,900 ounces Indicated at 2.28 g/t Au and 402,100 ounces Inferred at 1.39 g/t Au(1). Mineralization at the Golden Saddle and Arc is also known to extend beyond the limits of the current resource estimate. The Company’s VG Deposit acquired in March 2019 hosts an Inferred gold resource of 267,000 ounces at 1.62 g/t Au(2). Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Newmont Corporation, and Western Copper and Gold Corporation’s Casino project. For more information visit www.whitegoldcorp.ca. (1) See White Gold Corp. technical report titled “Technical Report for the White Gold Project, Dawson Range, Yukon Canada”, dated July 10, 2020, prepared by Dr. Gilles Arseneau, P.Geo., and Andrew Hamilton, P.Geo., available on SEDAR. (2) See White Gold Corp. press release dated November 11, 2021 “White Gold Corp. Announces 16% Increase to Inferred Resource at its VG Deposit Located 11 km North of its Flagship Golden Saddle and Arc Deposits, Yukon, Canada” available on SEDAR. Qualified Person Terry Brace, P.Geo. and Vice President of Exploration for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release. Cautionary Note Regarding Forward Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", “proposed”, "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Offering, the use of proceeds from the Offering, receipt of all required regulatory approvals including the approval of the TSXV, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability. These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading "Risks Factors" in the Company's annual information form dated July 29, 2020 available on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. For Further Information, Please Contact: Contact Information:  David D’Onofrio Chief Executive Officer White Gold Corp. (647) 930-1880 ir@whitegoldcorp.ca

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Precipitate’s Initial Field Work Identifies Six Early-Stage Target Areas at Ace Gold Project in Newfoundland, Canada

Forward this email to a friend View email in your browser   Precipitate's Initial Field Work Identifies Six Early-Stage Target Areas at Ace Gold Project in Newfoundland, Canada Vancouver, B.C. – November 23, 2021 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG, OTCQB: PREIF) is pleased to announce it has completed first phase prospecting and rock sampling exploration field work on the Ace Gold Project (or the "Project") located at the northern end of the highly prospective Exploits Subzone (Dunnage Tectonic Zone) of north-central Newfoundland, Canada. Experienced local field crews have successfully identified five new areas of compelling surface mineralization, in addition to the recently discovered Ace Zone where rock grab samples report up to 5.4 g/t gold. Much of the first-pass prospecting, geological mapping and rock sampling work was carried out on easily accessible coastlines and roads, as these areas have ample rock exposures. Limited prospecting was carried out in the central project claims; these under-explored regions will be examined during the next work phase. A total of 127 rock samples have been shipped to the laboratory for multi-element analysis. The accompanying figures illustrate the Ace Project target areas and rocks, identified to date. Figure 1: Ace Project Early-stage Prospecting Targets Figure 2: Ace Project Mineralization Rocks Jeffrey Wilson, Company President & CEO stated, "We are very pleased that our first phase of field work at Ace has yielded such favourable results. Initial visual assessments indicate the project could be an extension of the highly prospective Exploits Subzone geological district of Newfoundland, which is host to several high-grade gold samples recently reported from neighbouring projects. Having permits in place to carry out project-wide airborne and ground geophysical surveys and systematic till and lake sampling allows us to rapidly initiate the next stages of follow-up exploration. Upon receipt and review of the pending rock sample data, we plan to initiate an accelerated exploration program aimed at establishing potential drill targets as efficiently as possible." Ace Project mineralized areas are hosted in mixed felsic volcanic and sedimentary rocks that are cut by variably gossanous shear zones, that are up to 20 metres wide and traced on surface to distances exceeding 400 metres, disappearing under overburden. Observed alteration includes sericite, carbonate and quartz veins/breccias/flooding, with associated pyrite and arsenopyrite, with lesser sphalerite and galena sulphide mineralization. Late-stage quartz (carbonate) veins up to 0.3 metres wide are also noted, having modest sulphide mineralization. For reference: g/t = grams per tonne, Au = gold, m = metres Ace Project, Major Attributes: Ace Gold Zone: A newly discovered 10-20m wide alteration-shear zone that trends northeastward, over a distance exceeding 400m, with grab rock samples up to 5.4 g/t gold*; Six early-stage mineralized areas, identified to date; altered volcanic rocks and shear zones with sericite, carbonate and quartz alteration and pyrite - arsenopyrite sulphide mineralization; Located at the northeast end of Newfoundland's Exploits Subzone rocks (Dunnage Zone), an active gold exploration environment with highly prospective rocks that host significant gold mineralization across central Newfoundland, including Marathon Gold Corp's Valentine Project which hosts 3.14 Moz M&I at a grade of 1.72 g/t gold.(1); Along trend and proximal to numerous high-grade gold occurrences, including Ethos Gold Corp's Toogood Property and Exploits Discovery Corp's Quinlan Veins; and Excellent year-round access, with a paved highway and a paralleling electric power line bisecting the property. Accessible by 20-minute Newfoundland government vehicle ferry departing hourly with highway access. * High grade rock grab samples are selective by nature and are unlikely to represent average grades on the property. Ace Gold Project The Ace Gold Project is located on the north-central coast of Newfoundland, within an active gold exploration region that includes high profile gold exploration projects such as Queensway (Newfound Gold Corp), Kingsway (Labrador Gold Corp), Dog Bay (Exploits Discovery Corp) and Toogood (Ethos Gold Corp). Project claims cover Change Island and are approximately 80 kilometers north (via combined road and hourly government vehicle ferry) from the community of Gander and its international airport. The Project has excellent year-round road access with a paved road and an electrical powerline bisecting property. By way of an option agreement, the Company has exclusive rights to acquire a 100% interest in the Project mineral exploration licenses (covering 2,500 hectares), subject to a 1.5% NSR. Project lithologies are part of the major regional Dunnage Tectonostratigraphic Zone, specifically the Exploits Subzone, where claims are dominantly underlain by northeast trending, Ordovician-Silurian aged Badger Group sediments and Botwood Group non-marine volcanics. Gold mineralization identified to date is hosted in mixed felsic volcanic and sedimentary rocks occurring as variably gossanous, likely bedding conformable shears, that are up to 20 metres wide and traced on surface to distances exceeding 400 metres. Sheared rocks are commonly sericite-carbonate-quartz altered, with associated pyrite and arsenopyrite sulphide mineralization (with lesser sphalerite and galena). Late-stage quartz-carbonate veins (orogenic?) up to 0.3 metres wide are also noted, with modest sulphide mineralization. Reference: Marathon Gold Corp website; marathon-gold.com/valentine-gold-project/ This news release has been reviewed by Michael Moore, Vice President, Exploration of Precipitate Gold Corporation, the Qualified Person for the technical information in this news release under NI 43-101 standards. About Precipitate Gold: Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in Newfoundland Canada and the Pueblo Viejo Mining Camp and Tireo Gold Trend of the Dominican Republic. The Company has entered into an Earn-In Agreement with Barrick Gold Corporation, whereby Barrick can earn a 70% interest in the Company's Pueblo Grande Project by incurring US$10M within six years and producing a qualifying Pre-feasibility Study. Precipitate is also actively evaluating additional high-impact property acquisitions with the potential to expand the Company's portfolio and increase shareholder value, in other favourable jurisdictions. Additional information can be viewed at the Company's website www.precipitategold.com. On Behalf of the Board of Directors of Precipitate Gold Corp., "Jeffrey Wilson" President & CEO For further information, please contact: Tel: 604-558-0335 Toll Free: 855-558-0335 investor@precipitategold.com Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Precipitate Gold Corp.'s ("Precipitate" or the "Company") current beliefs and is based on information currently available to Company and on assumptions it believes are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Precipitate to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the exploration concessions may not be granted on terms acceptable to the Company, or at all; general business, economic, competitive, political and social uncertainties; the concessions acquired by the Company may not have attributes similar to those of surrounding properties; delay or failure to receive governmental or regulatory approvals; changes in legislation, including environmental legislation affecting mining; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Precipitate has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Precipitate does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Copyright © 2021 Precipitate Gold Corp., All rights reserved. You are receiving this email because you subscribed for updates via our website. Our mailing address is: Precipitate Gold Corp. 625 Howe Street, Suite 1020 Vancouver, BC V6C 2T6 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

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Precipitate Identifies Multiple Priority Targets at Motherlode Gold Project in Newfoundland Canada with Comprehensive Data Compilation

Forward this email to a friend View email in your browser   Precipitate Identifies Multiple Priority Targets at Motherlode Gold Project in Newfoundland Canada with Comprehensive Data Compilation Vancouver, B.C. – November 18, 2021 - Precipitate Gold Corp. (the "Company" or "Precipitate") (TSXV: PRG, OTCQB: PREIF) is pleased to announce the latest target refinement results derived from an expanded compilation and review of historical data from the Company's Motherlode Gold Project within the Burin Peninsula of southern Newfoundland, Canada. Interpretation of the Project's historical surface geochemical sampling data (soil, rock, till and lake) in combination with a modern surface lineament structural study confirms and enhances at least 11 priority target areas characterized by elevated concentrations of gold and arsenic combined with underlying or nearby structural features. These attributes are important characteristics for the structurally related orogenic gold style mineralization observed at Motherlode. The accompanying geochemical figure (Figure 1) illustrates numerous target areas identified to date by the Company's latest work. None of the target zones have seen a modern ground geophysical survey, and only one zone has been drill tested in the past, by way of a shallow drill program in 2007. Figure 1: Motherlode Gold and Arsenic Geochemical Anomalies In addition to the data compilation, a property-wide high sensitivity airborne magnetic-radiometric geophysical survey has recently been completed at the project. Following receipt and review of the airborne magnetic data, the Company expects to commence a follow up field program of detailed sampling, geological mapping and ground geophysical surveying within prioritized areas of the project for ongoing advancement and target delineation. See the accompanying maps or the Company's website (www.precipitategold.com) for summary illustrations and additional Motherlode related figures. Jeffrey Wilson, Precipitate's President and CEO commented, "We're pleased to complete this important compilation of existing data as a cost-effective means of advancing the project. The data derived from the first fully comprehensive digital desktop review of the Motherlode's historical geochemical and geological data in conjunction with our structural study has refined and improved our understanding of the Project's potential for hosting gold mineralization. We're excited to apply the insight derived from this new data compilation with pending airborne magnetic data in identifying prospective zones for follow up groundwork and prioritizing potential drill targets." Motherlode Gold Project, Major Attributes: Historical data identifies at least 11 newly prioritized target areas characterized by elevated concentrations of gold and arsenic with underlying or nearby structural features; 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; 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; and Excellent year-round road access, with highway access, a high-power electrical line bisecting the project, and nearby Atlantic Ocean ports. For reference: g/t = grams per tonne, Au = gold, m = metres * High grade rock grab samples are selective by nature and are unlikely to represent average grades on the property. Motherlode Property: The Motherlode Gold Project is located in the southeastern region of Newfoundland's Burin Peninsula approximately 3.5 hours by road from Gander and/or St. John's. The Project has excellent access and logistical infrastructure, with year-round road access, a high-power electrical line bisecting property, and nearby Atlantic Ocean ports. By way of a combination of staking and property option agreements, the Company has exclusive rights to acquire a 100% interest in the Project mineral exploration licenses (covering 12,350 hectares), subject to a 1.5% and a 2.5% NSR. The Motherlode project covers a ~16.5-kilometre-long gold exploration trend of late Proterozoic-aged Burin Group volcanic and ultramafic rocks. Exploration by Precipitate and predecessors indicates that the Project's northeastward trending Burin Group lithologies host at least eight known gold occurrences of structurally related orogenic gold style mineralization, where gold enriched quartz veins and quartz-silica stockworks are strongly associated with shears, schists and folds containing a generally low sulphide concentration. The presence of strong silica alteration with pyrite (+5%) and arsenopyrite are favourable indicators for gold enrichment, particularly when hosted within metavolcanics (quartz–chlorite-sericite schist) or ultramafics (gabbro). The Company's digital data compilation and interpretation for the historical Motherlode data set includes a few generations of geological maps, trench maps, prospecting, rock/soil/till/stream-lake sediment sampling, cut grid lines, limited ground magnetic geophysics and eight diamond drill holes (totalling 902 metres). The historical geochemical sample data includes 231 lake sediment, 944 rock, 1,128 soil, 69 stream sediment and 69 till samples. The Project's historical geochemical samples collected by past operators (Newfoundland Government and private sector exploration companies and local prospectors) were collected on a wide range of surface densities and were submitted to various laboratories including Eastern Analytical, Activation Laboratories and Assayers Canada, with wide variety of analyses ranging from fire assay for gold only to multi-element ICP-MS analysis (no gold analysis). All data is stored in various digital formats and is in the Company's possession. This news release has been reviewed by Michael Moore, Vice President, Exploration of Precipitate Gold Corporation, the Qualified Person for the technical information in this news release under NI 43-101 standards. About Precipitate Gold: Precipitate Gold Corp. is a mineral exploration company focused on exploring and advancing its mineral property interests in Newfoundland Canada and the Dominican Republic. The Company has entered into an Earn-In Agreement with Barrick Gold Corporation, whereby Barrick can earn a 70% interest in the Company's Pueblo Grande Project by incurring US$10M within six years and producing a qualifying Pre-feasibility Study. Precipitate is also actively evaluating additional high-impact property acquisitions with the potential to expand the Company's portfolio and increase shareholder value, in other favourable jurisdictions. Additional information can be viewed at the Company's website www.precipitategold.com. On Behalf of the Board of Directors of Precipitate Gold Corp., "Jeffrey Wilson" President & CEO For further information, please contact: Tel: 604-558-0335 Toll Free: 855-558-0335 investor@precipitategold.com Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Precipitate Gold Corp.'s ("Precipitate" or the "Company") current beliefs and is based on information currently available to Company and on assumptions it believes are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Precipitate to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: the exploration concessions may not be granted on terms acceptable to the Company, or at all; general business, economic, competitive, political and social uncertainties; the concessions acquired by the Company may not have attributes similar to those of surrounding properties; delay or failure to receive governmental or regulatory approvals; changes in legislation, including environmental legislation affecting mining; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. Although Precipitate has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Precipitate does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Copyright © 2021 Precipitate Gold Corp., All rights reserved. You are receiving this email because you subscribed for updates via our website. Our mailing address is: Precipitate Gold Corp. 625 Howe Street, Suite 1020 Vancouver, BC V6C 2T6 Canada Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

This email was sent to sgbsura1.weqeqe@blogger.com why did I get this?    unsubscribe from this list    update subscription preferences Precipitate Gold Corp. · 625 Howe Street, Suite 1020 · Vancouver, BC V6C 2T6 · Canada