Mr. Farshad Shirvani reports

DRILL HOLE ASSAYS IN THE NEWLY DISCOVERED BUCK ZONE CONNECTS THE WEST LISLE ZONE TO MAIN LISLE DEPOSIT

Doubleview Gold Corp. has released assay results from Hat project drill holes H049, H052 and H053 (drill holes H050 and H051 were previously reported June 10, 2023). Of special significance is drill hole H052 which intersected more than 500 metres with strong copper and gold mineralization, within which a 211.2-metre interval included 0.35 gram per tonne (g/t) gold (Au) and 0.37 per cent copper (Cu), with a total 1.33 per cent copper equivalent (CuEq). Also particularly notable is an apparent increase in strength of all metals with increased depth. Cobalt assay results for drill hole H053 are among the highest ever reported for the Lisle zone. Drill holes H052 and H053 are in the Buck zone, connecting the western Lisle zone with the strong mineralization of the southern Lisle zone.

The reported drill holes cover a 150 m by 260 m area if projected to surface. The drill hole locations were carefully selected to gradually increase the Lisle deposit volume for the upcoming resource estimation, anticipated to be released Q1 of 2024. The table entitled "Assay results" shows assay intervals in detail. Drill holes H052 and H053 provide a link from the west part of Lisle zone to its southern extension.

Farshad Shirvani, Doubleview's president and chief executive officer, comments that: "The 2023 drill campaign has exceeded all expectations. These first pair of drill holes connect the newly discovered Buck zone with the Lisle zone, which until now had previously been viewed as two separate areas. It's anticipated that this will add significantly to the size and value of the Hat deposit. Besides the consistently high values of scandium and the continuous numbers for copper, the results for cobalt in drill hole H049 are, as with the case in H053, some of the highest grading cobalt assays ever encountered at the Hat deposit. This underlines the project's outstanding importance to potentially be supportive for Canada's ambitious plan to tackle climate change and have an independent supply of critical metals."

Mr. Shirvani continued, "While work is continuing to prepare the resource estimation data package, we are steadily advancing our drill hole coverage southward to the nearly unexplored Hoey zone, where earlier surface work, including hand trenching, showed strong copper, cobalt and gold mineralization."

Currently, the 2023 drilling campaign continues to advance the Hat project, and the total drilled length of this season exceeds 8,000 metres.

Quality assurance/quality control

Core samples were prepared at the North Vancouver facility of ALS Canada Ltd. using its PREP-31, PGM-ICP24, ME-MS61 and ME-ICP06 packages. Each core sample is dried, then crushed to 70 per cent passing a two-millimetre (mm) screen. All material is processed in an automatic riffle splitter to yield a 250-gram homogenized, representative sample. This subsample is then pulverized to 85 per cent passing a 75-micron screen. All samples are analyzed for gold, platinum and palladium by 50 g fire assay fusion/ICP-ES (inductively coupled plasma emission spectroscopy) finish, using PGM-ICP24 package. A separate 0.25 g pulp split is analyzed by four-acid digestion/ICP-MS (inductively coupled plasma mass spectrometry) finish, reporting 48 elements. Overlimit elements are analyzed by ore-grade four-acid digestion/ICP-ES finish using ME-OG62 assay package. All of Doubleview's core samples are analyzed or assayed at independent ISO 17025- and ISO 9001-certified laboratories.

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.

Note: Although a mineral resource estimation is currently being prepared by an independent engineering firm, no mineral resources have been estimated at the Hat property and there is no assurance that further work will result in the Lisle zone, or other zones, if present, being classified as mineral resources.

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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