Mr. Farshad Shirvani reports

DOUBLEVIEW APPOINTS CANACCORD GENUITY AS FINANCIAL ADVISOR IN CONNECTION WITH A FORMAL STRATEGIC REVIEW PROCESS

Doubleview Gold Corp. has appointed Canaccord Genuity Corp. as financial adviser in connection with a formal strategic review process. The review has been initiated by Doubleview with a primary focus on potential sales of the company, with a view to maximizing shareholder value.

The review will explore and evaluate a broad range of strategic and financial options, which may include a potential sale of the Hat project or other near-term alternatives, a merger, amalgamation, plan of arrangement, joint venture, business combination, recapitalization, special dividend, strategic investments (including potential participation from government-backed entities and sovereign wealth funds) or such other transaction as the board determines is in the best interests of the company and its shareholders.

Canaccord Genuity will provide comprehensive advisory services throughout the review, including financial analysis and valuation, transaction structuring, merger modelling, negotiation support, market monitoring, and, if requested by the board, fairness opinions. The engagement also provides Doubleview with access to Canaccord Genuity's extensive global network of strategic and financial counterparties across the gold, copper and critical minerals sectors.

Farshad Shirvani, president and chief executive officer of Doubleview Gold, commented:

"The Hat project has delivered a robust preliminary economic assessment with an after-tax NPV (5) ranging from $6.73-billion to $7.27-billion at consensus metal prices and $13.53-billion to $14.85-billion at spot metal prices, and an IRR ranging from 19 per cent to 39 per cent, demonstrating exceptional economics and significant critical-minerals exposure, including potential value contribution from a scandium and cobalt recovery circuit. Engaging Canaccord Genuity to lead a formal strategic review process allows the board to thoroughly and independently evaluate all available options to unlock the full value of the Hat polymetallic project in British Columbia's Golden Triangle for the benefit of our shareholders and stakeholders. We believe the current strong commodities environment and the global focus on critical minerals supply security make this an opportune moment to pursue this process."

The company cautions that the Hat project preliminary economic assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the results of the preliminary economic assessment will be realized.

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 technical contents of this news release. He is not independent of Doubleview as he is a shareholder in the company.

Review process and timing

There is no defined timetable for the completion of the review. The company does not intend to make further public announcements regarding the review unless and until such a disclosure is required. The company cautions that there can be no assurance that the review will result in any transaction or, if a transaction is undertaken, as to the terms, structure, timing or completion of such transaction.

About the Hat project

The Hat project is a polymetallic copper-gold-cobalt-scandium project located in northwestern British Columbia. The project hosts a porphyry-style mineralized system and has been the subject of extensive drilling, geological modelling, metallurgical work and technical studies. Doubleview continues to advance the Hat project through exploration, technical evaluation, metallurgical testwork and environmental baseline programs.

About Doubleview Gold Corp

Doubleview Gold, a mineral resource exploration and development company, is based in Vancouver, B.C., Canada, and is publicly traded on the TSX Venture Exchange. Doubleview identifies, acquires, and finances precious and base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through acquisition and exploration of quality gold, copper and silver properties, and the application of advanced state-of-the-art exploration methods. The company's portfolio of strategic properties provides diversification and mitigates investment risks.

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