Mr. Chris Wensley reports

CRESTVIEW EXPLORATION COMPLETES FIRST PHASE OF SAMPLING AT THE FALCON MINE PROPERTY IN ELKO COUNTY, NEVADA

Crestview Exploration Inc., further to the company's news release of Oct. 18, 2023, has completed the first phase of its fall sampling program at the historic Falcon mine project in the Tuscarora Mountains of Elko county in Nevada. The northern boundary of the Falcon mine project is located approximately 1.5 kilometres south of the company's flagship Rock Creek property.

The sampling focused on the large vein hosting the historic Falcon mine and Scorpion mine. The company was able to trace the vein at surface over a distance of approximately 1.5 kilometres from a prospect pit approximately 100 metres south of the Falcon mine entrance north toward Rock Creek. Forty samples were collected from vein outcroppings and float at intervals along the vein, as well as along a road cut crossing this vein between the Falcon and Scorpion mine workings. The samples have been delivered to the lab for assay and analysis.

Additional areas and features were noted for immediate exploration and sampling, including continued outcropping of the herein described vein. The company plans to return as soon as possible to conduct further fieldwork, weather permitting.

Crestview looks forward to receiving and reporting the findings of the laboratory analysis currently under way within the next three to four weeks.

This news release has been approved by Alan J. Morris, MSc, CPG No. 10550. Mr. Morris is a qualified person as defined by National Instrument 43-101 and has reviewed the scientific and technical disclosure included in this news release.

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 geopolitically stable Nevada, which is currently ranked as the No. 1 mining and exploration jurisdiction globally by the Fraser Institute.

Rock Creek gold project is Crestview's flagship asset, with 74 unpatented lode mining claims wholly owned and controlled by Crestview. 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 in 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.

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