Mr. Farshad Shirvani reports

DOUBLEVIEW GOLD CORP ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH SHARES AT $1.00 PER SHARE ALONG WITH NON-FLOW-THROUGH UNITS

Doubleview Gold Corp. has arranged a non-brokered private placement of flow-through shares and non-flow-through units for gross proceeds of up to $10-million. Proceeds of the private placement shall be used to finance the current exploration program and general working capital. Proceeds of the sale of the flow-through shares will be used for exploration work on its British Columbia projects, particularly for the polymetallic Hat project, located in northwestern British Columbia. This work includes drilling, geological advisory and analytical services as well as other development work and other Canadian exploration expenses that qualify as flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)).

The flow-through portion of the private placement will consist of up to five million flow-through shares at a price of $1 per flow-through share for up to $5-million.

Additionally, the company will issue up to 7,142,857 hard-dollar (non-flow-through) units at a price of 70 cents per non-flow-through unit for up to $5-million. Each non-flow-through unit will consist of one common share and one full warrant at an exercise price of $1 for 24 months from the date of issue. Each warrant shall be subject to an accelerated expiry date at the option of the company in the event the 10-day volume-weighted average price of the common shares of the company on the TSX Venture Exchange for any 10 consecutive trading days is $1.25 or more.

Pursuant to applicable Canadian securities laws and in accordance with the TSX-V policies, all securities issued under this offering will be subject to applicable resale restrictions under applicable securities laws and to the exchange hold period of four months and one day from the date of issuance. In connection with the private placement, Doubleview may pay finders' fees in accordance with the policies of the TSX-V consisting of cash and/or finder shares.

The closing of the offering is subject to receipt of all necessary regulatory approvals, including the TSX-V.

About Doubleview Gold Corp.

Doubleview Gold is a mineral resource exploration and development company headquartered in Vancouver, B.C., Canada. It is publicly traded on the TSX-V under the symbol DBG, on the OTCQB under the symbol DBLVF, and on the Frankfurt Stock Exchange under the WKN A1W038 and the symbol 1D4. Doubleview focuses on identifying, acquiring and financing precious and base metal exploration projects across North America, with a strong emphasis on British Columbia. The company enhances shareholder value through the acquisition and exploration of high-quality gold, copper, cobalt, scandium and silver projects -- collectively critical minerals -- utilizing cutting-edge exploration techniques.

Doubleview's success is deeply rooted in the unwavering support of its long-term shareholders, supporters and institutional investors. Their continuing commitment has been instrumental in advancing the company's strategic initiatives. Doubleview looks forward to further collaborative growth and development and continues to welcome active participation from its valued stakeholders as the company expands its portfolio and strengthens its position in the critical minerals sector.

About the Hat polymetallic deposit

The Hat deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold, cobalt and the potential for scandium. As one of the region's significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2-per-cent-copper-equivalent cut-off resource estimate, as of the recently completed mineral resource estimate and the company's July 25, 2024, news release, is summarized below.

Scandium potential for the Hat deposit is estimated to be 300 million to 500 million tonnes at an average grade of 40 parts per million (0.004 per cent) Sc2O3 (scandium oxide).

For further details, please refer to the company's July 25, 2024, news release.

Qualified person

Erik Ostensoe, PGeo, a consulting geologist and Doubleview's qualified person with respect to the Hat project as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed, and approved the written technical disclosure contained in the news release. He is not independent of Doubleview as he is a shareholder in the company.

We seek Safe Harbor.