Mr. Farshad Shirvani reports

DOUBLEVIEW GOLD CORP ANNOUNCES OVERSUBSCRIBED PRIVATE PLACEMENT CLOSING

Doubleview Gold Corp. has raised $1,499,999.60 in flow-through and $100,000.80 in non-flow-through funds by way of a non-brokered private placement for total gross proceeds of $1,600,000.40.

Under this private placement, 263,160 non-flow-through units will be issued. Each non-flow-through unit shall consist of one common share of the company and one common share purchase warrant at a price of 38 cents per unit. Each warrant entitles the holder thereof to purchase one common share of the company at an exercise price of 48 cents per warrant share for a period of six months following the closing date and thereafter at an exercise price of 55 cents per warrant share 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.

Additionally a total of 3,409,090 flow-through (FT) shares will be issued at a price of 44 cents. Each FT share of the company qualifies as a flow-through share within the meaning of Subsection 66(15) the Income Tax Act (Canada).

The proceeds of the sale of the shares will be used for contribution and maintenance of the company's exploration work on its B.C. 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 development work and general working capital purposes.

Pursuant to applicable Canadian securities laws and in accordance with the 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.

The company will pay finders' fees of $37,500 in cash and issue 111,441 finders' shares at a volume weighted average price of 33.65 cents in connection with the private placement.

The closing of the private placement is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange.

About Doubleview Gold Corp.

Doubleview is a mineral resource exploration and development company that is headquartered in Vancouver, B.C., Canada. It is publicly traded on the TSX Venture Exchange (under the symbol DBG), on the OTCQB (under the symbol DBLVF) and on the Frankfurt Stock Exchange (under the symbol 1D4) (WKN: A1W038). Doubleview focuses on identifying, acquiring and financing precious metal and base metal exploration projects across North America, with a strong emphasis on B.C. 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 mineral sector.

About the Hat polymetallic deposit

The company's flagship Hat deposit, located in northwestern B.C., is a polymetallic porphyry project with major resources of copper, gold, cobalt and the potential for scandium. As one of the region's significant sources of critical minerals, the Hat deposit has undergone targeted exploration and development. The 0.2-per-cent-copper-equivalent-cut-off resource estimate of the recently completed mineral resource estimate, which was announced in the company's July 25, 2024, news release, is summarized in the attached table.

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 (0.004 per cent) Sc2O3 (scandium oxide).

For further details, please refer to the company's July 25, 2024, news release.

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 written technical disclosure contained in the news release. He is not independent of Doubleview as he is a shareholder in the company.

We seek Safe Harbor.