Mr. Farshad Shirvani reports

DOUBLEVIEW GOLD CORP ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Doubleview Gold Corp. has raised flow-through funds by way of a non-brokered private placement for total gross proceeds of $750,000.

Under this private placement one million flow-through shares (the FT share) will be issued at a price of 75 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 ITA).

The proceeds of the sale of the FT shares will be used for contribution and maintenance of the company's exploration work on its British Columbia projects, the polymetallic Hat project, located in northwestern British Columbia and copper-silver-zinc Red Spring project, located in central B.C. This work includes drilling, ground IP survey, geological advisory and analytical services, as well as other development work.

Pursuant to applicable Canadian securities laws and in accordance with the exchange policies, all securities issued under this offering 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.

Doubleview will issue 57,217 finders' shares at a volume weighted average price of 66 cents in connection with the private placement.

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

About Doubleview Gold Corp.

A mineral resource exploration and development company is headquartered in Vancouver, B.C., Canada. It is publicly traded on the TSX Venture Exchange. 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.

About the Hat polymetallic deposit

The Hat deposit, located in northwestern British Columbia, 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 CuEq (copper equivalent) cut-off resource estimate, as of the recently completed mineral resource estimate and the company's July 25, 2024, news release, is summarized in the attached table.

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.

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.