Precipitate Gold Corp. announced the appointment of Stephen Sulis as the Company's Chief Financial Officer ('CFO') effective September 30, 2022. Mr. Stephen Sulis currently works as Chief Financial Officer for a number of TSX-V and CSE listed companies, predominately in the resource sector, both in Canada and around the globe.

His professional experience includes financial reporting for exploration and mining companies, implementation of accounting software, various equity financings and implementation of internal control policies. In addition to his accounting experience, Mr. Sulis previously worked in the financial sector with TD Canada Trust. Mr. Sulis holds a bachelor's degree in business administration as well as an advanced diploma in international business studies.

Mr. Sulis is replacing Ms. Vivien Chuang who has notified the Company she will be pursuing other opportunities. The Company would like to thank Ms. Chuang for her years of service to the Company. Management and the Board of Directors wish her the best in her future endeavours.