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or Name
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Doubleview Capital Corp
Symbol DBV
Shares Issued 66,787,800
Close 2015-11-17 C$ 0.14
Market Cap C$ 9,350,292
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Doubleview Capital to restart drilling at Hat

2015-11-18 07:47 ET - News Release

Mr. Farshad Shirvani reports

DOUBLEVIEW TO RESUME DRILLING AT HAT PROJECT

Doubleview Capital Corp. is finalizing plans to launch a fresh round of drilling to expand the Hat project discovery in northwest British Columbia's prolific Sheslay district. The Hat property this year has attracted direct attention, including site visits, from major international mining companies that have also contributed to the growing understanding of the Lisle zone and surrounding targets within a large corridor of gold-copper porphyry mineralization.

Planned upcoming drilling will include completion of hole H-25 that was temporarily halted at a depth of 270 metres in early July following the arrival of some members of the local first nations community. The deepening of H-25 will be followed by the investigation of promising areas that are highlighted in the company's just-concluded comprehensive review of historic and recent technical data. That review has provided fresh and exciting interpretations of the geologic and physical setting of the Lisle zone, and other parts of the Hat property. These insights have substantially expanded the target areas, and the company looks forward to reporting on this in the near future as soon as a final report is received.

All work at the Hat property is being conducted in full compliance with provisions of multiyear mineral exploration permit MX 1-872.

Following the interruption of drilling in July, Doubleview initiated legal action against individuals of the first nations community who participated in that blockade for an injunction to enable the company to resume work. The legal counsel for certain individuals has indicated to Doubleview's legal counsel that his clients' position is that there are no impediments to Doubleview's access to the Hat property.

In addition, in a draft response to Doubleview's application, these individuals stated, "There has been nothing in the way of the plaintiff returning to the property to continue its program." The draft response has yet to be received in final form.

Under these circumstances, and given the current situation at the adjoining Grizzly Central where a drill program continues, Doubleview believes there will be no interference with its upcoming program.

First nations members employed by Doubleview have been instrumental in the success of the Hat project since first-ever drilling commenced in 2013. The company looks forward to a positive dialogue with first nations that will create a long-term successful working relationship that fully respects cultural, social and economic interests. Jo Harris and Associates, a leading community relations consulting group that has guided clients through the approval process for 13 major mines in British Columbia, has been engaged by Doubleview.

The company wishes to remind shareholders that it has proposed to decrease the exercise price of 3,931,251 share purchase warrants previously issued in private placement financings since August, 2014, to 20 cents per share (see Nov. 16 news release). Exploration at the Hat project, including the above-mentioned program, is always subject to the company successfully concluding financial arrangements.

Qualified person

Erik A. Ostensoe, PGeo, a consulting geologist, is Doubleview's qualified person with respect to the Hat project as defined by National Instrument 43-101. Mr. Ostensoe has reviewed and approved the technical contents of this news release. He is not independent of Doubleview as he is both a shareholder and a co-optionor of the Hat project.

We seek Safe Harbor.

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