Precipitate completes portion of Juan de Herrera survey

Executive Summary

• Precipitate Gold Corp. released preliminary IP geophysical survey results for the Ginger Ridge and Ginger Ridge East zones of its Juan de Herrera project, identifying several new high‑chargeability anomalies that correlate with surface gold‑in‑soil anomalies.
• Historical drill hole GR14-05 intersected 13.4 g/t Au over 5.0 m (broader 4.5 g/t Au over 18 m), confirming a link between chargeability highs and sulphide mineralization.
• The survey, now three‑quarters complete, supports the company’s plan to prioritize and drill test these newly identified targets; the remaining zone (Jengibre South) will be surveyed next.

Key Details

• Survey Scope: Completed IP surveys on Ginger Ridge, Ginger Ridge East, Southeast, Centro, and Jengibre South zones – only Jengibre South remains unsurveyed.
• Data Integration: Combined 2025 IP data from Ginger Ridge East with historical 2017 data from Ginger Ridge.
• Anomaly Characteristics:
• Three northwest‑trending, parallel high‑chargeability trends aligned with Tireo volcanic rock stratigraphy.
• High‑chargeability anomalies coincide with gold‑in‑soil values > 70th percentile (≥ 5.3 ppb Au).
• Readings at Ginger Ridge East average 4–5 mV/V; local peaks up to 8 mV/V. Historical Ginger Ridge readings exceed 13.5 mV/V, associated with massive pyrite mineralization.
• Drill Correlation: Past diamond drilling (hole GR14‑05) intersected 13.4 g/t Au over 5.0 m within the strongest near‑surface chargeability anomaly; broader interval of 4.5 g/t Au over 18 m also reported.
• Depth Penetration: Gradient array IP surveying identified anomalies extending > 350 m depth, many untested by prior drilling campaigns.
• Exploration Implications: Numerous high‑chargeability anomalies remain undrilled, representing high‑potential targets for future drill testing and ground work.
• Technical Provider: Matrix Geotechnologies Ltd., using a 10 kW generator time‑domain IP system (Elrec Pro 10‑channel receiver, 25 m dipole spacing, pole‑dipole array).
• Qualified Person Review: Michael Moore, Vice‑President Exploration, approved technical content under NI 43‑101.

Notable Quotes

“IP geophysical surveying on our Juan de Herrera project continues to yield strong actionable results for continued exploration… These new IP anomalies align with the company's current exploration strategy to identify, prioritize and drill test additional high‑chargeability anomalies coincident with significant surface rock and soil geochemical anomalies.” – Jeffrey Wilson, President & CEO

Materiality Assessment: Non‑Material – Positive (preliminary survey data that enhances understanding of target potential but does not yet constitute a definitive resource or financial impact).