Mr. Farshad Shirvani reports

DOUBLEVIEW GOLD CORP PROVIDES COMPREHENSIVE UPDATE ON ITS FLAGSHIP PROJECT - THE POLYMETALLIC HAT DEPOSIT

Doubleview Gold Corp. has provided a detailed update on its 100-per-cente-owned polymetallic Hat deposit, strategically located in northwestern British Columbia, Canada.

Polymetallic Hat deposit -- momentum builds for resource enhancement and scandium metallurgy

The company is currently executing its most extensive field activities to date at the Hat project. The 2025 drill campaign is well under way and seamlessly connecting to the successes of the previous seasons, significantly advancing the company's geological understanding and laying a robust foundation for an updated mineral resource estimate, which will be part of the preliminary economic assessment.

In the company's continuing 2025 exploration program, Doubleview has completed 4,500 metres of diamond drilling across seven new holes, with an average depth of approximately 665 metres. This includes drill hole H096, which impressively reached a total depth of 922.5 metres. These efforts have successfully targeted intended zones within the deposit, providing invaluable information for resource modelling and estimation.

Looking ahead, the next phases of drilling will focus on evaluating the eastern edges and reaching into the deeper parts of the Hat deposit, with the objective of further expanding the known mineralization footprint and understanding the genesis of the deposit.

Scandium recovery studies -- a strategic priority

Given the critical importance of scandium -- a highly sought-after rare earth mineral in North America -- Doubleview is placing special emphasis on its extraction and recovery from Hat deposit with the objective of developing an achievable process to produce an economical and marketable product.

Three accredited professional metallurgical facilities are independently conducting parallel testwork on the Hat deposit's samples. Diverse methodologies are employed during the bulk processing by each entity. While final results are anticipated, interim meetings and discussions have been extremely encouraging, suggesting significant recovery potential for scandium. These studies are integral to the mineral resource evaluation and will define the best marketable product.

Preliminary economic assessment (PEA)

The PEA for the Hat deposit is currently under way across several disciplines. This includes incorporating the updated mineral resource estimate (MRE), version 2, which will integrate all drill hole results of the 2024 drill campaign. Many other aspects of the mineral deposit's final modeling and evaluation are simultaneously progressing. Notably, scandium would potentially be added to the resource evaluation, which could further enhance the project's economic outcome. The completed PEA will represent the conclusion of the due diligence process for several interested parties that may potentially join the company in developing the Hat deposit.

Environmental and permitting pathway advances

In a forward-looking initiative, Doubleview commissioned environmental baseline studies to a leading engineering company. This work includes the design of an environmental permitting road map for the Hat project. The goal is to ensure all data are collected within the guidelines of relevant future permitting processes. This early-stage information is vital for forthcoming advanced studies designed to help the project progress efficiently.

Archaeological impact assessment (AIA) studies have successfully been completed and accepted by the Archaeology Branch of British Columbia. The presented results of these studies are an important step in journey of the development of the Hat project.

Executive commentary

Farshad Shirvani, MSc, geology, president and chief executive officer of Doubleview Gold, said:

"Our commitment to advancing critical mineral projects is unwavering. The ongoing work at our Hat deposit, from aggressive drilling to pioneering scandium metallurgy, underscores our dedication to creating long-term value for all stakeholders. We are building a robust foundation for the future, strategically positioning Doubleview at the forefront of the polymetallic and critical minerals landscape in British Columbia.

"The exciting developments at the Hat project have garnered significant interest with globally leading investment entities, sovereign wealth funds, as well as top-tier mining companies who envision themselves as pillars of the future of critical metals, such as scandium, copper and cobalt. This led to promising high-level discussions with these interested parties. We find ourselves at a unique juncture and I strongly believe we are diligently exploring all opportunities presented to us to maximize our shareholders' success."

About Doubleview Gold Corp.

Doubleview Gold is a Canadian-based mineral resource exploration and development company focused on the discovery and advancement of high-value mineral deposits in British Columbia. The company controls a portfolio of prospective mineral properties, including the Hat polymetallic deposit and the Red Spring copper-gold-silver project.

About the Hat polymetallic deposit

The Hat deposit, located in northwestern British Columbia, is a polymetallic porphyry project with major resources of copper, gold and 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 (ppm) (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.

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