PUEBLO GRANDE PROJECT

In acquiring the Pueblo Grande Property (previously named the APV, Mermejal, Jobo Claro Loma Mate and others) and the nearby Ponton Propertyfrom Everton, the Company acquires valuable associated datasets that include:

• Two high level historical drill gold-base metal discovery zones: Tres Bocas and Lechoza;
• Drill hole database, including 158 diamond drill holes and 62 shallow RAB drill holes; totalling about 29,500 metres and 10,600 core - rock pulp samples;
• Heliborne magnetic-GeoTEM geophysical survey (729km of flight lines);
• Numerous ground geophysical surveys, including magnetics, induced polarization and max-min EM;
• Approximately 10,750 surface geochemical samples (combined stream sediment, rock, soil, trench);
• Extensive surface geological mapping at various detail levels; and
• A large prospective surface area of ‘lithocap alteration’ to the west of the Pueblo Viejo mine.

Highlights of Barrick’s Pueblo Viejo Gold-Silver-Copper Mine

• Largest active gold mining operation in Latin America; within the top 5 global gold mines;
• 13.4 million ounces (“Moz”) gold, 74.4 Moz silver, and 298.5 million pounds copper (measured and indicated mineral resource from 169.5 million tons grading 2.46 g/t gold, 13.66 g/t silver and 0.08% copper)*;
• Additional 3.6 Moz gold, 16.0 Moz silver, and 87.2 million pounds copper in the inferred category;
• Annual production of 1.0 million ounces gold at $US 525.00 all-in-sustaining cost per ounce**; and
• Refractory ore is mined by conventional open pit truck and shovel method, where gold and silver are closely associated with pyrite.

*March 2018, NI 43-101 report. **Based on annual 2017 production Barrick website

Pueblo Grande Acquisition Terms:

Precipitate acquired a 100% interest in Everton’s three Dominican Republic mineral exploration concessions by delivering to Everton upon closing in January 2019:

• $CDN 25,000 cash;
• Seven million common shares of Precipitate subject to resale legend restrictions for up to 3 years, expiring as follows:
  • 10% (700,000 shares) with resale legend expiring 6 months from the date of issue;
  • 10% (700,000 shares) with resale legend expiring 12 months from the date of issue;
  • 10% (700,000 shares) with resale legend expiring 18 months from the date of issue;
  • 15% (1,050,000 shares) with resale legend expiring 24 months from the date of issue;
  • 15% (1,050,000 shares) with resale legend expiring 30 months from the date of issue; and
  • 40% (2,800,000 shares) with resale legend expiring 36 months from the date of issue,
• No royalty is payable to Everton on any of the acquired concessions

Additional payment stock conditions include (i) should Everton elect to sell or dispose of any of the payment shares, and in each instance, it will give Precipitate at least 10 business days advance notice, so as to allow the Company to assist in finding a purchaser for such shares and (ii) the selective legend removal of various escrow payment share release restrictions should the Company’s common shares trade at or above $0.20, $0.40 and $0.60 per common share for 10 consecutive trading days on the TSXV (based on a volume weighted average price, “VWAP”). Pre-existing advanced stage or mining related commitments to a third party include (i) a sliding scale net smelter royalty (NSR) ranging from 1%, where gold is under $US 1,000/oz, to 2%, where gold is over $US1,400/oz and (ii) a cash or share payment in the event the a resource of 1.0 million gold equivalent ounces or greater are delineated in various indicated and inferred categories.