Mr. Chris Wensley reports

CRESTVIEW EXPLORATION CLOSES SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT FINANCING

Crestview Exploration Inc. has closed the second tranche of its non-brokered private placement financing that was previously announced on March 21, 2024. In this second tranche an aggregate of 1,995,000 units were issued at a price of five cents per unit for gross proceeds of $99,750. Each unit consists of one common share of the company and one share purchase warrant and each warrant is exercisable into one common share of the company at a price of 10 cents per common share for a term of two years from the date of issuance. The company intends to use the proceeds of this offering for general and administrative purposes, option payments, and predrilling and exploration activities at its Nevada properties.

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. Closing of the offering remains subject to regulatory approvals, including approval of the Canadian Securities Exchange.

In connection with this second tranche closing, the company will pay $2,340.00 in cash and issue 46,800 warrants as compensation to qualified finders as part of this offering. Each warrant is exercisable at a price of 10 cents for a term of two years from the date of issuance.

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 Tuscarora complex includes the Rock Creek, Dry Creek and Falcon claim blocks for a total of 239 claims. The Rock Creek gold project is Crestview's flagship asset, with 72 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 claim staking at Dry Creek (43 claims), and later (September, 2022) with the acquisition of the Falcon silver-gold prospect (124 claims). These three claim blocks are all within close proximity and are targeting similar mineralization and likely the same underlying hydrothermal system. The Tuscarora complex is 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 comprised 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.