Mr. Farshad Shirvani reports

DOUBLEVIEW CAPITAL CORP. (TSX-V: DBV) CLOSES SECOND TRANCHE AND INCREASES FINANCING

Doubleview Capital Corp. has closed the second tranche of its non-brokered private placement financing announced on Oct. 26, 2016. Doubleview issued a total of 1,137,500 flow-through units at a price of eight cents per flow-through unit for gross proceeds of $91,000 and 3,256,000 non-flow-through units at a price of eight cents per non-flow-through unit for gross proceeds of $260,480. To date, Doubleview has closed a total of 6,132,875 non-flow-through units and 5,262,500 flow-through units. As a result, Doubleview has increased its previously announced private placement financing to up to 15,625,000 non-flow-through units at eight cents per non-flow-through unit for gross proceeds of $1.25-million and 5,625,000 flow-through units at eight cents per flow-through unit for gross proceeds of $450,000.

Each non-flow-through unit comprises one common share of Doubleview and one common share purchase warrant, with each non-flow-through warrant entitling the holder to purchase one additional common share at 15 cents per share for a period of two years from the date of issue. Each flow-through unit comprises one flow-through common share of Doubleview and one-half of one common share purchase warrant, with each whole flow-through warrant entitling the holder to purchase one additional common share at 15 cents per share for a period of two years from the date of issue.

Farshad Shirvani, chief executive officer, president and a director of Doubleview, subscribed for 62,500 flow-through units under the private placement financing. As a result, the issuance of flow-through units to Mr. Shirvani is considered to be a related party transaction subject to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. Doubleview is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the private placement by insiders will not exceed 25 per cent of the fair market value of Doubleview's market capitalization.

In connection with the proceeds raised under the first tranche, Doubleview paid a finder a cash commission of $15,680 and 196,000 share purchase warrants. The finder's warrants are on the same terms as the non-flow-through units.

The securities issued under the financing will be subject to a hold period expiring on March 26, 2017, pursuant to applicable Canadian securities laws and the rules of the TSX Venture Exchange.

Doubleview will use the proceeds from the flow-through offering for its exploration program on the Hat copper-gold porphyry project and non-flow-through offering for general working capital purposes.

About Doubleview Capital

Doubleview Capital is a mineral resource exploration and development company. Doubleview identifies, acquires and finances precious and base metal exploration projects in North America, particularly in British Columbia, Canada.

We seek Safe Harbor.