Mr. Chris Wensley reports

CRESTVIEW EXPLORATION ANNOUNCES CONVERTIBLE LOAN

Crestview Exploration Inc. has entered into a convertible loan agreement in the amount of $49,549 (U.S.) effective Nov. 30, 2024, with Dimitrios Liakopoulos, chairman of the board of the company. The loan carries interest at a rate of 8 per cent per annum calculated monthly, has a term of two years, and is repayable by on or before Nov. 30, 2026, in cash or in shares of the company. If repaid in shares, conversion to shares shall be at the then maximum discount to market as allowed by the Canadian Securities Exchange but in no event, at a conversion price less than five cents per share.

The principle comprises monies advanced to the company during the period commencing in August, 2024, through November, 2024. The funds were used for claim renewal fees and expenses, Canadian Securities Exchange monthly fees, transfer agent fees, and other sustaining costs.

The convertible loan is considered a related party transaction as defined for the purposes of Multinational Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The related party transaction is exempt from the formal valuation and minority approved requirements pursuant to sections 5.5(a)and 5.7(1)(a) of MI 61-101 respectively, as neither the fair market value of the contemplated securities proposed to be issued to directors and officers of the company, nor the proceeds for such securities received by the company, will exceed 25 per cent of the company's market capitalization, as calculated in accordance with MI 61-101. The potential securities for debt transactions do not result in any new insider or control person of the company.

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.

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