Mr. Farshad Shirvani reports

DOUBLEVIEW CAPITAL CORP. (TSX-V: DBV) ANNOUNCES PROPOSED PRIVATE PLACEMENT FINANCING TO ACCELERATE HAT PROJECT

Doubleview Capital Corp. has proposed a non-brokered private placement financing of up to 3,333,333 non-flow-through units at a price of 15 cents per NFT unit for gross proceeds of up to $500,000 and five million flow-through units at a price of 20 cents per FT unit for gross proceeds of up to $1-million (see details below).

Proceeds of the flow-through offering will be used to immediately advance the Hat gold-copper porphyry project in the Sheslay district, northwest British Columbia, where the latest hole has intersected the highest grades encountered to date at the property. Net proceeds of the non-flow-through offering will be used for exploration work, as well as general corporate purposes.

"Hole H-23 has launched us into an exciting new phase at the Hat project, where each round of drilling since 2013 has accelerated the discovery process and delivered better results each time," commented Farshad Shirvani, Doubleview president and chief executive officer. "We're gaining a much better overall understanding of this potentially very large system, and we're confident the Lisle zone connects with other target areas at the Hat."

Financing details

Each NFT unit will comprise one common share of Doubleview and one-half of a common share purchase warrant, with each NFT warrant entitling the holder to purchase one additional common share at 20 cents per share for a period of two years from the date of issue. Each FT unit will comprise one flow-through common share of Doubleview and one-half of one common share purchase warrant, with each whole FT warrant entitling the holder to purchase one additional common share at 28 cents per share for a period of two years from the date of issue. Doubleview will have the right to accelerate the expiry date of the NFT warrants and FT warrants if, at any time, the average closing price of Doubleview's common shares is equal to, or greater than, 30 cents and 40 cents, respectively, for five consecutive trading days. In the event of acceleration, the expiry date will be accelerated to a date that is 30 days after Doubleview issues a news release announcing that it has elected to exercise this acceleration right.

Subject to TSX Venture Exchange approval, Doubleview may pay a cash finder's fee of up to 6 per cent of the aggregate gross proceeds of the private placement and 6 per cent warrants to registered brokers.

Closing of the private placement is subject to TSX Venture Exchange approval.

We seek Safe Harbor.