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Doubleview Gold Corp
Symbol DBG
Shares Issued 235,222,016
Close 2026-07-13 C$ 2.08
Market Cap C$ 489,261,793
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Doubleview Gold selects four drill locations at Hat

2026-07-14 13:57 ET - News Release

Mr. Farshad Shirvani reports

DOUBLEVIEW ADVANCES 2026 DRILL PROGRAM AT HAT; THREE INDEPENDENT TARGET METHODS CONVERGE ON FOUR PRIORITY LOCATIONS - PAD 1 MINERALIZATION INTERSECTED, DRILLING ADVANCES TO PAD 2

Doubleview Gold Corp. has provided an update on its 2026 drill program at its 100-per-cent-owned Hat polymetallic porphyry project in northwestern British Columbia. Drill holes H109 through H112 at Pad 1, east of the Hat deposit, have reached their intended depth targets, with drill core intersecting Hat-style mineralization consistent with the broader mineralized system. Assay results are pending. The company is now advancing drilling operations to Pad 2, southwest of the Hat deposit.

Drill target locations for the 2026 program were developed through three independent technical methods. Four priority drill pad locations (Pad 1, Pad 2, Pad 3 and Pad 4) were consistently identified by all three methods, providing an exceptional level of convergence and geological confidence. The selected locations are designed to expand the mineral resource envelope and upgrade inferred mineral resources toward the indicated and measured categories required to support a prefeasibility study.

Chief executive officer comment

Farshad Shirvani, president and chief executive officer of Doubleview Gold, commented: "What gives me the greatest confidence in our 2026 drill program is that three entirely independent technical evaluations -- our geological team's interpretation, a rigorous quantitative resource confidence assessment and a systematic AI [artificial intelligence] analysis of our geophysical data, all pointed to the same four locations. That level of independent convergence is exceptional and speaks to the coherent, well-defined nature of the Hat system. Pad 1 has delivered exactly what we expected, and we are now advancing to Pad 2. Our objective in this program is strategic: to expand the resource and to provide the data necessary to convert inferred tonnes into indicated and measured categories in support of future engineering and economic studies."

Highlights:

  • Drilling at Pad 1 (H109 to H112) has reached intended depth targets with Hat-style mineralization intersected in drill core. Assay results are pending.
  • Three independent target methods -- geological interpretation, quantitative resource confidence assessment (conditional simulation) and AI-assisted geophysical analysis -- all identify the same four priority pad locations.
  • The convergence of all three independent methods on four common locations provides an exceptional level of geological confidence underpinning the 2026 drill program.
  • Drill locations are designed to expand the mineralized footprint and upgrade inferred mineral resources toward indicated and measured categories in support of future prefeasibility study requirements.
  • Doubleview has released an interactive three-dimensional technical database of the Hat deposit, available on Doubleview's website.
  • The company is advancing drilling operations to Pad 2.

2026 target selection methodology

The company pursued an accelerated, data-intensive approach to target selection for the 2026 drill program, with the objective of maximizing geological confidence in a single exploration season. Three complementary and independent target-generation methods were applied:0

  • Geological interpretation: Doubleview's geological team developed drill targets through an integrated review of the deposit's geological model, drill hole data, core logging, structural framework, alteration patterns and the spatial distribution of mineralization. Target locations were selected to address areas with limited drill coverage and to test the lateral and depth continuity and expansion potential of the mineralized system.
  • Resource confidence assessment: Tomasz Wawruch, FAusIMM, of Mineit Consulting Inc. completed an independent quantitative resource confidence assessment using conditional simulation techniques. The study identified priority drill locations where additional drilling would most effectively reduce estimation uncertainty and support reclassification of mineral resources from inferred toward indicated and measured categories, specifically those required for a defensible prefeasibility study.
  • AI-assisted geophysical analysis: Doubleview commissioned DrillTargetAI to perform a systematic review of the Hat project's induced polarization (IP) geophysical data set. The analysis identified zones where high chargeability coincides with low resistivity, a signature consistent with the sulphide-bearing, copper-mineralized systems already confirmed at Hat. Candidate zones were restricted to areas located more than 180 metres from existing drill collars to prioritize untested ground and were distributed across the target area to ensure targets test distinct portions of the anomaly. The analysis is grounded entirely in the project's own geophysical data, rather than external or generic models.

The four priority pad locations (Pad 1, Pad 2, Pad 3 and Pad 4) represent locations where all three independent methods identify targets in close spatial agreement. This convergence provides a robust foundation of geological confidence for the 2026 program and serves as an independent validation of the coherent nature of the Hat mineralizing system.

Resource context and drilling objectives

The Hat project hosts a mineral resource estimate with an effective date of Feb. 25, 2026, comprising 609 million tonnes of measured and indicated resources at 0.43 per cent copper equivalent and 503 million tonnes of inferred resources at 0.41 per cent copper equivalent (as previously disclosed Feb. 25, 2026). Mineral resources are not mineral reserves and do not have demonstrated economic viability. The substantial inferred resource component represents a meaningful opportunity to advance resource confidence through targeted, systematic drilling. The 2026 drill program is designed to provide the geological continuity and data density required to support conversion of inferred resources to indicated and measured categories and to test the expansion potential of the mineralized system beyond the current resource envelope in support of future engineering and economic studies.

Interactive 3-D Hat project database

Doubleview has published a browser-based interactive three-dimensional technical database of the Hat deposit, incorporating drill hole data, geological interpretation and resource modelling. The database is available to investors and technical stakeholders on Doubleview's website.

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The company believes this tool provides an unprecedented level of transparency and technical insight into the scale and character of the Hat mineralized system.

Qualified person

Tomasz Wawruch, FAusIMM, senior geology and mineral resource consultant at Mineit Consulting, is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Wawruch has reviewed and approved the technical content of this news release. He is independent of Doubleview.

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 Venture Exchange (symbol: DBG), the OTCQB (symbol: DBLVF) and the Frankfurt Stock Exchange (WKN: LA1W038, 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.

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