Crestview Exploration Completes First Phase of Sampling at the Falcon Mine Property in Elko County, Nevada

Crestview Exploration Completes First Phase of Sampling at the Falcon Mine

Property in Elko County, Nevada

Vancouver, Canada November 7, 2023 – Crestview Exploration Inc. (CSE: CRS, Frankfurt: CE7 )

(“Crestview” or “the Company”) is pleased to announce that further to the Company’s news

release of October 18, 2023, it has completed the first phase of its fall sampling program at the

historic Falcon Mine project in the Tuscarora Mountains of Elko County, Nevada. The northern

boundary of the Falcon Mine project is located approximately 1.5 kilometers south of the

Company’s flagship Rock Creek property.

The sampling focused on the large vein hosting the historic Falcon Mine and Scorpion Mine. The

Company was able to trace the vein at surface over a distance of approximately 1.5 kilometers

from a prospect pit approximately 100 meters south of the Falcon mine entrance north towards

Rock Creek. Forty samples were collected from vein outcroppings and float at intervals along the

vein as well as along a road cut crossing this vein between the Falcon and Scorpion mine

workings. The samples have been delivered to the lab for assay and analysis.

Additional areas and features were noted for immediate exploration and sampling, including

continued outcropping of the herein described vein . The Company plans to return as soon as

possible to conduct further field work, weather permitting.

Crestview looks forward to receiving and reporting the findings of the laboratory analysis

currently underway within the next three to four weeks.

This News Release has been approved by Alan Morris, M.Sc., CPG #10550. Alan J. Morris is a

Qualified Person as defined by NI 43-101 and has reviewed the scientific and technical disclosure

included in this news release.

On Behalf of the Board of Directors,

Chris Wensley, CEO

About Crestview Exploration Inc:

Crestview Exploration: is an experienced exploration company focused on the exploration and

development of its portfolio of gold and silver properties located in prolific mining districts of

geopolitically stable Nevada, which is currently ranked as the number one mining and exploration

jurisdiction globally, by the Fraser Institute.

Rock Creek gold project is Crestview's flagship asset, with 74 unpatented lode mining claims

wholly owned and controlled by CRS. The Rock Creek property was acquired in 2017, and the

company went public in 2019. Emboldened by the results coming out of Rock Creek, Crestview

strategically expanded on the land position with the acquisition of the nearby Divide Mine

prospect in April 2020, and the acquisition of the Falcon silver -gold prospect in September 2022.

Between the three properties, all targeting similar mineralization and likely the same

hydrothermal system, Crestview now holds 260 total claims in close proximity of one another.

These three gold prospects, along with the nearby Castile prospect, are situated in a region with

proven "world class" gold deposits (including Midas, Jerritt Canyon, Betze-Post, Meikle, and Gold

Quarry), where the potential of finding large, high-grade gold-silver deposits is favourable.

The Cimarron project is located in the San Antonio Mountains of Nye County, Nevada, and is

comprised of 31 unpatented lode mining claims, including control of 6 historically producing

claims associated with the historic San Antonio mine. The property is located in the prolific

Walker-Lane trend, approximately 44 kms south of the "world class" Round Mountain deposit.

For further information please contact:

Chris Wensley, Chief Executive Officer

Tel: 1-778-887-3900

Email: [email protected]

Forward-Looking Information

This news release includes certain information that may be deemed “forward- looking

information” under applicable securities laws. All statements in this release, other than

statements of historical facts, that address acquisition of the Property and future work thereon,

mineral resource and reserve potential, exploration activities and events or developments that

the Company expects is forward- looking information. Although the Company beli eves the

expectations expressed in such statements are based on reasonable assumptions, such

statements are not guarantees of future performance and actual results or developments may

differ materially from those in the statements. There are certain factors that could cause actual

results to differ materially from those in the forward -looking information. These include the

results of the Company’s due diligence investigations, market prices, exploration successes,

continued availability of capital financing, and general economic, market or business conditions,

and those additionally described in the Company’s filings with the Canadian securities authorities.

Investors are cautioned that any such statements are not guarantees of future performance and

actual results or developments may differ materially from those projected in the forward-looking

information. For more information on the Company, investors are e ncouraged to review the

Company’s public filings at www.sedar.com. The Company disclaims any intention or obligation

to update or revise any forward- looking information, whether as a result of new information,

future events or otherwise, other than as required by law.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS

REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE