Doubleview Announces Commissioning of Maiden NI43-101 Resource Estimate

Vancouver, August 29, 2022 - Doubleview Gold Corp. (TSXV: DBG) ("Doubleview", the "Company") is pleased to announce it has engaged ABH Engineering Inc. ("ABH") to initially complete an internal and independent resource estimate that will ultimately lead to a NI 43-101 Technical Report, detailing a maiden resource estimate for the Company's HAT Polymetallic Deposit in northwest, British Columbia.

Exploration at the HAT Deposit has reached a stage of drilling where an internal resource estimate would be useful to determine if the requirements for an NI 43-101 Technical Report detailing a maiden resource estimate, have or will soon be triggered. The objective is to announce an NI 43-101 compliant, copper and gold equivalent polymetallic resource exceeding 350 million tonnes ("Mt"), as a minimum criterion to the development of the HAT deposit.

ABH will initially calculate an independent internal resource estimate for the company, allowing Doubleview to be able to plan how the remainder of the 2022 drill program is to be directed.

If the internal resource estimate reaches or exceeds 350 Mt, it will be deemed that an NI 43-101 Technical Report comprising a maiden resource is necessary. This will allow the Company to aggressively focus the remainder of its 2022 drilling program towards exploration.

If the internal resource estimate falls below the minimum threshold of 350 Mt, Doubleview will focus the remainder its 2022 drilling activities, as directed by ABH, explicitly towards expanding the resource to reach the company's internal 350 Mt threshold.

Doubleview President and CEO, Mr. Farshad Shirvani stated, "We are very pleased that the HAT polymetallic deposit is entering its next phase of development. Building a polymetallic resource containing strategic metals in British Columbia, is a necessary step in advancing Canada's energy security. Metallurgical testing of scandium continues and if it is deemed to be economically recoverable, it could substantially increase the economic potential of the Hat deposit as it would be included with Au, Cu and Co metals in a future updated resource estimate. A maiden resource estimate will only assess the current drilled volume but will not include the potential areas that are anticipated to be explored by subsequent drilling programs."

Qualified Persons:

Damir Cukor, P.Geo. is Doubleview's Qualified Person with respect to the Hat Project as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects and has reviewed and approved the technical contents of this news release. He is independent of Doubleview.

About Doubleview Gold Corp

Doubleview Gold Corp., a mineral resource exploration and development company, is based in Vancouver, British Columbia, Canada, and is publicly traded on the TSX-Venture Exchange (TSXV: DBG) (OTCQB: DBLVF) (WKN: A1W038) (FSE: 1D4). 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 risk.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp.
Farshad Shirvani
President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Doubleview cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Doubleview's control. Such factors include, among other things: risks and uncertainties relating to Doubleview's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Doubleview undertakes no obligation to publicly update or revise forward-looking information.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/135168