Mr. Farshad Shirvani reports

DOUBLEVIEW GOLD CORP ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT

Doubleview Gold Corp. has closed the first tranche of its non-brokered private placement of flow-through and non-flow-through funds for gross proceeds of $1,416,970.

Under the first tranche, Doubleview will issue a total of 1,821,182 flow-through units at a price of 55 cents per FT unit for gross proceeds of $1,001,650. Each flow-through unit consists of one common share of the company and one-half common share purchase warrant. Each full warrant entitles the holder thereof to purchase one common share of the company (on a non-flow-through basis) at an exercise price of 65 cents for a period of 24 months following the closing date. The warrants are subject to early termination if the underlying shares trade at a volume-weighted average price equal to or greater than 70 cents for five consecutive days in the 24-month period from the date of issuance.

Additionally, Doubleview will issue a total of 1,092,947 units at a price of 38 cents per unit for gross proceeds of $415,320. Each unit shall consist of one common share of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the company at an exercise price of 48 cents for a period of six months following the closing date, and thereafter at an exercise price of 55 cents for a period of 18 months. The warrants are subject to early termination if the underlying shares trade at a volume-weighted average price equal to or greater than 65 cents for five consecutive days in the 24-month period from the date of issuance.

For this first tranche, the company did not pay any finders' fees nor issue any finders' warrants.

The proceeds of the sale of the shares are intended to be used for contributions and maintenance of the company's 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 exploration development work and general working capital purposes.

Pursuant to applicable Canadian securities laws and in accordance with TSX Venture Exchange policies, all securities issued under this private placement 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.

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

About Doubleview Gold Corp.

Doubleview Gold, a mineral resource exploration and development company, is based in Vancouver, B.C., Canada. Doubleview identifies, acquires and finances precious metal/base metal exploration projects in North America, particularly in British Columbia. Doubleview increases shareholder value through the 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.

We seek Safe Harbor.