Mr. Chris Wensley reports

CRESTVIEW EXPLORATION ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT

Crestview Exploration Inc. has closed, subject to Canadian Securities Exchange approval, the second tranche of its non-brokered private placement in the aggregate amount of $48,500 by issuing 485,000 units at a price of 10 cents per unit. Each unit consists of one common share of the company and one share purchase warrant of the company. Each warrant is exercisable into one common share of the company at a price of 20 cents for a term of two years from the date of issuance. The company intends to use the proceeds of this offering for expanded geophysical surveying, claim expansion and general corporate purposes.

The company will pay $1,800 in cash and issue 18,000 warrants as compensation to qualified finders as part of this offering. Each warrant is exercisable at a price of 20 cents for a term of two years from the date of issuance.

The securities issued under the offering will have a hold period expiring four months and one day from the date of issuance pursuant to applicable Canadian securities laws.

About Crestview Exploration Inc.

Crestview Exploration is an experienced exploration company focused on the exploration and development of its portfolio of gold and silver properties located in prolific mining districts of Nevada.

The Rock Creek gold project is Crestview's flagship asset, with 74 unpatented lode mining claims wholly owned and controlled by the company. The Rock Creek property was acquired in 2017, and the company went public in 2019. Emboldened by the results coming out of Rock Creek, Crestview strategically expanded on the land position with the acquisition of the nearby Divide mine prospect in April, 2020, and the acquisition of the Falcon silver-gold prospect in September, 2022. Between the three properties, all targeting similar mineralization and likely the same hydrothermal system, Crestview now holds 260 total claims in close proximity of one another. These three gold prospects, along with the nearby Castile prospect, are situated in a region with proven world-class gold deposits (including Midas, Jerritt Canyon, Betze-Post, Meikle and Gold Quarry), where the potential of finding large, high-grade gold-silver deposits is favourable.

The Cimarron project is located in the San Antonio Mountains of Nye county, Nevada, and comprises 31 unpatented lode mining claims, including control of six historically producing claims associated with the historic San Antonio mine. The property is located in the prolific Walker Lane trend, approximately 44 kilometres south of the world-class Round Mountain deposit.

We seek Safe Harbor.