Mr. Chris Wensley reports

CRESTVIEW EXPLORATION PROVIDES UPDATE ON PERMITTING ACTIVITY AT ROCK CREEK, NEVADA AND ANNOUNCES GRANTING OF INCENTIVE STOCK OPTIONS

Crestview Exploration Inc. is commencing permitting activities related to its planned 2024 drilling program at its 100-per-cent-owned Rock Creek property, located in the Tuscarora Mountains, northwest of Elko, Nev. The company's team is scheduled to be on site conducting fieldwork and survey work over the next week necessary to the permit application.

The program aims to drill eight to 12 high-priority targets at Rock Creek (P1 through P12) for an approximate total 10,000 feet of mixed RC (reverse circulation) core. Drill hole locations were chosen from a target-rich environment utilizing a number of geological indicators captured to date, especially mapped structural and alteration data and hybrid-source audio magnetotellurics (HSAMT) interpreted sections. The program will be testing: (1) areas of anomalous and economic gold and silver grades in surface sampling and historic drill results; (2) mapped structures and structural intersections, including the interpreted nested caldera; (3) potential for disseminated mineralization in the Paleozoic sequence at depth; and (4) geophysical anomalies generated by the 2022 HSAMT survey.

For additional details including the HSAMT sections and interpretations, the reader is encouraged to review the company's May 2, 2023, news release.

The company has granted a total of two million stock options to officers, directors and consultants of the company. The incentive stock options granted will vest quarterly over a period of 12 months, are valid for five years from the date of the issuance and are exercisable to purchase one common share of the company at a price of 10 cents per common share.

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 comprises of 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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