Mr. Farshad Shirvani reports

DOUBLEVIEW ANNOUNCES DRILLING AT THE HAT POLYMETALLIC DEPOSIT

Doubleview Gold Corp. has resumed drilling at its Hat project in Northern British Columbia, where, prior to a short worker relief stoppage, work had included 3,460 metres of drilling. As detailed below, current work builds upon the extensive database of technical and statistical models used in preparation of the company's first mineral resource estimate (MRE -- V1 (version 1)) that was announced last week.

The mineral resource estimate reported:

• Micon International Ltd. wrote the MRE and fulfilled the criteria for an MRE to meet the definition of potentially economic extraction;
• An indicated resource of 150 million tonnes (t) and an inferred resource of 477 million t at 0.2 per cent copper equivalent (CuEq) cut-off grade;
• Or an indicated resource of 1.353 billion pounds (lb) of CuEq at 0.408 per cent CuEq, including 733 million lb of copper, 28 million lb of cobalt, 929,000 ounces of gold and two million ounces of silver;
• And an inferred resource of 3.619 billion lb of CuEq at 0.344 per cent CuEq cut-off grade, including 1.945 billion lb of copper, 91 million lb of cobalt, 2,328,000 ounces of gold and 7,575,000 ounces of silver;
• The 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 (ppm) (0.004 per cent) Sc2O3 (scandium oxide).

For more detailed information on the mineral resource estimate, please see the company's news release dated July 25, 2024.

The main objectives of the 2024 drilling program are to:

• Improve grade and further explore mineralization trends identified by statistical and geological models and interpretations;
• Conduct infill drilling in areas where drill holes are sparse or overly widespread and better define the envelope of the mineral deposit;
• Target areas of shallower mineralization to improve grade and tonnage prior to a future version 2 MRE;
• Enhance the company's complete database to guide future exploration and resource estimates.

The current parameters of the MRE-V1 have been carefully examined using statistical and geological models to guide the 2024 exploration and further develop the Hat deposit.

Initial 2024 drilling was focused on the central Lisle zone to better define the mineralization, confirm its westerly extension and, with greater density of information, demonstrate internal continuity of metal values. Drill holes H072 to H075 (see the attached table) were instrumental in this regard and hole H076, in progress, is expected to provide similar results. The company has sent the core rock samples from drill holes H072 to H075 to the company's analytical services provider and the company anticipates being able to release assay data in the near future.

Farshad Shirvani, president and chief executive officer of the company, commented: "We shifted our focus from building an initial resource at the polymetallic Hat deposit to expanding the same. Several opportunities to improve the maiden resource were identified, which we want to realize promptly during this year's field season, including very targeted drilling."

Quality assurance and quality control

Core samples are forwarded to the accredited North Vancouver facility of ALS Canada Ltd., where the samples are being prepared 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 (g) homogenized, representative sample. This subsample is then pulverized to 85 per cent passing a 75-micron screen. All samples are analyzed for gold (Au), platinum (Pt) and palladium (Pd) by 50-gram fire assay fusion/ICP-ES (inductively coupled plasma-emission spectroscopy) finish, using PGM-ICP24 package. A separate 0.25-gram 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.

The Hat claims property consists of 10 mineral tenures covering 5,200 hectares located north of the Golden Bear mine road in northwestern British Columbia.

Qualified persons

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.

About Doubleview Gold Corp.

Doubleview, 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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