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Doubleview Completes Detailed Mineralogical Study of Scandium Distribution of Head and Metallurgical Samples of the Hat Deposit

Metallurgy & Processing

Doubleview Gold Corp

TSX.V: DBG

OTCQB: DBLVF

FSE: A1W038

470 Granville St. Suite #822

Vancouver, BC, V6C 1V5

T:604.678.9587

F:778.379.3899

E:[email protected]

W:www.doubleview.ca

Doubleview Completes Detailed Mineralogical Study of Scandium Distribution of Head

and Metallurgical Samples of the Hat Deposit

Vancouver, British Columbia--(Newsfile Corp. - August 9, 2022) - Doubleview Gold Corp. (TSXV: DBG)

(OTCQB: DBLVF) (FSE: 1D4) ("Doubleview") is pleased to announce that a detailed mineralogical

study of the distribution of scandium in its 100% owned Hat deposit head and metallurgical samples

has been completed. Hat Copper-Gold-Cobalt deposit is located in the Golden Triangle region of Atlin

Mining District in British Columbia. Assay data and metallurgical testwork has indicated that the Hat

deposit contains scandium at elevated levels of 45 ppm to 50 ppm twice that normally found in crustal

rocks. A comprehensive testwork program is currently underway at Sepro Laboratories in Langley, BC

to investigate the potential for scandium recovery and extraction.

Initial investigations have shown that scandium is primarily associated with clinopyroxene and

amphiboles and that during bulk flotation testwork 99.5% of the scandium reported to the

flotation tailings. Bulk flotation tails will be used as the feed to the scandium recovery testwork, which

will be undertaken during the next few weeks. Test results have demonstrated that the Hat deposit

has favourable metallurgical extraction characteristics for a range of elements including, copper,

gold, cobalt, silver and PGE. So far, the results from the testwork have been in line with expectations.

The testwork is now proceeding to the hydrometallurgical extraction phase and is initially focussed on

scandium extraction and optimisation. Thereafter it is anticipated that the testwork will then proceed

to the scandium recovery phase. Doubleview CEO, Mr. Farshad Shirvani commented "The company is

extremely encouraged with the latest phase of metallurgical work. The potential impact of being able

to include economically recoverable scandium to the Hat Deposit is significant."

An earlier testwork program demonstrated that it was possible to produce a high-gold, low-cobalt

copper concentrate and a low-gold, high-cobalt pyrite concentrate from Hat mineralogical materials.

Current flotation testwork is aimed at generating flotation tailings for scandium extraction tests.

Supplementary flotation testwork on current scandium samples above an assumed 0.15% copper cut-

off have demonstrated the recoverability of both copper and gold. A locked cycle test achieved a

concentrate copper grade of 10.6% with 93.2% copper recovery at a mass pull of 1.7%. Gold grades

varied between 5.4g Au/t and 9.3g Au/t with minimal losses to tails. Previously recoveries of 86%

copper and 87% gold were achieved at grades as high as 27% Cu and 12 g Au/t. Cobalt recovery at 35%

was lower than the 74% achieved in earlier tests owing to the low pyrite content of the current suite of

samples. Although present in only trace amounts PGE, in particular palladium, are largely recovered to

the copper concentrate. Bulk flotation results showed that 99.5% of the scandium in the feed reported

to the flotation tailings. It is anticipated that at least partial concentration of scandium will be possible

by a combination of magnetic and gravity separation before subsequent leach extraction and recovery.

Qualified Persons:

EUR ING Andrew Carter B.Sc. CEng. MIMMM, MSAIMM SME of Coffey, Tetra Tech is Doubleview's

Qualified Person with respect to the Hat Project Metallurgical Studies 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 [TSX-

V: DBG], [OTCQB: DBLVF], [GER: A1W038], [Frankfurt: 1D4]. Doubleview identifies, acquires and

Doubleview Gold Corp

TSX.V: DBG

OTCQB: DBLVF

FSE: A1W038

470 Granville St. Suite #822

Vancouver, BC, V6C 1V5

T:604.678.9587

F:778.379.3899

E:[email protected]

W:www.doubleview.ca

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

Vancouver, BC Farshad Shirvani

President & CEO

T: (604) 678-9587

E: [email protected]

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.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS

DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE

ADEQUACY OR ACCURACY OF THIS RELEASE.