Precipitate Gold Corp. (TSXV:PRG) entered into an agreement to acquire three Dominican Republic exploration concessions from Everton Resources Inc. (TSXV:EVR) for CAD 0.3 million on October 24, 2018. As part of transaction, Precipitate Gold Corp. will acquire full ownership in three of Everton's Dominican Republic exploration concessions, including two highly prospective concessions (the “Pueblo Grande Property”), adjoining Barrick's and Goldcorp's world-class Pueblo Viejo gold-silver mine, and the Ponton Project located east of Pueblo Grande. Pursuant to the terms of agreement, Precipitate will pay CAD 0.025 million in cash and issue 7 million common shares, subject to resale legend restrictions for up to 3 year. If the Closing does not occur by March 30, 2019 either party may elect to terminate the agreement. The transaction is subject to approval from TSX Venture exchange and Dominican Republic Ministry of Energy and Mines. The closing of transaction will occur at 5 business days after the approval from TSX or Dominican Republic Ministry of Energy and Mines, whichever comes later.

Precipitate Gold Corp. (TSXV:PRG) completed the acquisition of three Dominican Republic exploration concessions from Everton Resources Inc. (TSXV:EVR) on January 15, 2019. The necessary government and regulatory approvals for the transaction have been obtained, in addition, Precipitate Gold Corp has completed the due diligence and satisfied all requirements.