DBG.V · 2024-01-16 12:00:00

Doubleview Reports New Discovery: Gold Rich Zone Within the South Lisle Zone - Drill Interval of 405m of 0.21 g/t Gold (0.84% CuEq) That Extends the Main Lisle Deposit by 240 Meters

Drill Results

Doubleview Reports New Discovery: Gold Rich

Zone Within the South Lisle Zone - Drill

Interval of 405m of 0.21 g/t Gold (0.84% CuEq)

That Extends the Main Lisle Deposit by 240

Meters

Vancouver, British Columbia--(Newsfile Corp. - January 16, 2024) -

Doubleview Gold Corp. (TSXV:

DBG) (OTCQB: DBLVF) (FSE: A1W038)

(the "Company or "Doubleview") is pleased to announce

drilling has extended the Lisle deposit 240m south, resulting in the discovery of the Company's highest

gold grades to date at its polymetallic Hat porphyry project, located in the Golden Triangle of

northwestern British Columbia, Canada.

Drill holes H060, H061, H062 and H063, as shown in Figures 1 and 2, expand the Lisle Deposit by

additional 240m to the south, called the Gold Rich Zone. This zone will increase the volume of

mineralization that will be included in the maiden resource estimate which is being prepared by an

independent engineering group and is expected in Q1 of 2024.

The South Lisle zone now extends the Main Lisle zone for 360m, please refer to the Company's news

release dated October 24

2023, and further more assays are pending for this Gold Rich Discovery

zone.

Drill hole H063 marks the highlight of this group of drill holes with 0.21 g/t gold over 405m. The interval

represents almost the entire drill hole. Remarkably, the Gold Rich Zone continues assaying similarly high

values for scandium as in other parts of the deposit, in this case 25.5 g/t over 405m. With drill holes

H061 to H063 the Company tested a lower zone of an IP anomaly. Notably, the assay results suggest a

continuation of the deposit.

The following Table 1 shows numerous high-grade gold samples within the named drill holes, continuing

to demonstrate the richness of this porphyry deposit. Remarkably, within H063 is the highest yet assayed

gold drill sample of the project with 18.4g/t gold over 1m which is closely followed by a second 13.4 g/t

gold sample over 1m. Cobalt strongly shows with 0.233% and 0.198% respectively, and copper assays

values 1.87% and 1.95% to these samples.

DDH

From

(m)

Interval

(m)

Ag (ppm)

Au (ppm)

Co (ppm)

Cu (%)

Sc (ppm)

H060

74.7

1.3

3.51

1.88

201.0

0.55

32.6

H060

1.39

1.82

1095.0

0.20

16.7

H060

0.34

3.50

220.0

0.04

29.9

H060

204

205

0.27

1.93

92.9

0.19

56.7

H060

217

218

0.8

1.00

1365.0

0.81

28.1

H060

370

371

2.33

1.56

409.0

2.29

17.1

H060

371

372

1.7

1.04

620.0

1.71

16.3

H060

382

383

1.78

1.63

295.0

2.42

23.1

H061

170

171

1.17

1.66

620.0

0.47

15.2

H061

181.8

183

1.2

0.28

2.61

136.5

0.99

18.7

H061

380.2

381.2

1.34

1.12

165.5

1.05

H062

27.8

4.01

284.0

4.42

16.2

H062

2.12

1.02

195.0

0.45

H062

397.95

399.5

1.55

0.37

2.44

57.1

0.07

22.3

H062

489

492

2.42

1.96

288.0

0.55

19.9

H063

279

280.8

1.8

0.45

1.06

88.5

0.12

21.3

H063

300

302

0.09

1.35

138.5

0.03

25.7

H063

302

303

1.37

18.4

2330.0

1.87

4.8

H063

304.1

306.15

1.95

0.19

2.11

260.0

0.10

14.8

H063

319.5

320.5

3.49

13.4

1975.0

1.95

5.1

H063

320.5

321.5

1.33

2.38

161.5

0.60

18.8

H063

327

330

1.49

2.12

108.5

0.60

Table 1. Gold rich samples of drill holes H060 to H063

Mr. Shirvani, President

& CEO of Doubleview, commented: "The Hat project continues to deliver high

values of its principal metals, copper and gold, with strong support from critical metals cobalt and

scandium. It is compelling to observe how the deposit evolves when new drill data gets analyzed and

how the different zones that we are discovering, add to the evolution of the Hat polymetallic porphyry

deposit. I am very much looking forward to receiving additional assay results currently undergoing

analytical analysis, followed by the receipt of the resource estimate and to joining our team in planning

the 2024 season that will include further investigation of the newly expanded Gold Rich Zone."

DDH

From (m)

To (m)

Length (m)

Ag (g/t)

(g/t)

(%)

(g/t)

CuEq (%) incl

H060

24.0

697.0

673.0

0.20

0.09

7.5

0.09

28.2

0.84

Incl.

74.7

82.0

7.3

1.67

1.36

42.5

0.26

23.9

1.83

And

199.0

388.0

189.0

0.25

0.12

9.2

0.11

29.0

0.91

Incl.

323.6

388.0

64.5

0.42

0.17

12.0

0.24

30.5

1.09

And

368.0

436.8

68.8

0.38

0.17

12.2

0.23

29.0

1.05

Incl.

369.0

388.0

19.0

0.80

0.44

22.9

0.62

30.8

1.64

Incl.

369.0

376.0

7.0

1.32

0.76

28.5

1.08

27.2

2.16

H061

9.0

624.0

615.0

0.11

0.05

5.2

0.03

25.3

0.69

And

29.6

149.0

119.4

0.23

0.10

7.1

0.06

31.2

0.89

And

380.2

381.2

1.0

1.34

1.12

16.6

1.05

26.0

2.27

H062

9.0

495.0

486.0

0.21

0.10

5.8

0.05

28.1

0.81

Incl.

56.4

130.0

73.6

0.75

0.19

7.5

0.15

39.0

1.21

Incl.

56.4

103.0

46.6

1.08

0.22

7.6

0.21

39.9

1.31

Incl.

56.4

64.0

7.6

5.32

0.93

13.3

0.93

32.7

2.23

Incl.

63.0

64.0

1.0

27.80

4.01

28.4

4.42

16.2

6.85

And

398.0

402.0

4.1

0.31

1.26

6.0

0.07

25.9

1.48

H063

9.0

414.0

405.0

0.23

0.21

8.0

0.07

25.5

0.84

Incl.

68.6

179.0

110.4

0.45

0.12

12.2

0.11

29.6

0.93

And

277.4

336.0

58.60

0.28

1.00

13.60

0.14

19.5

0.80

Incl.

297.0

306.2

9.2

0.27

3.00

40.2

0.27

20.2

2.74

And

302.0

330.0

28.0

0.48

1.78

22.3

0.25

16.7

1.81

Incl.

302.0

303.0

1.0

1.37

18.40

233.0

1.87

4.8

14.07

Incl.

319.5

330.0

10.5

0.97

2.25

26.6

0.44

22.9

2.42

Incl.

319.5

320.5

1.0

3.49

13.40

197.5

1.95

5.1

10.92

Notes:

- Metal equivalents should not be relied upon for future evaluations.

- Drill hole intercepts included in this news release are core lengths that may or may not be true widths of mineralization. It is not possible to

determine true widths.

**Copper Equivalent (CuEq%) is estimated using the following metal values and equations:

- *CuEq(%) =(Ag(g/t) x Price_Ag x Rec_Ag/31.1035 + Au(g/t) x Price_Au x Rec_Au/31.1035 + Co(%) x Price_Co x Rec_Co x 22.0462 + Cu(%)x

Price_Cu x Rec_Cu x 22.0462 + Sc(g/t) x Price_Sc x Rec_Sc x Sc_con) / (Price_Cu x 22.0462)

- Price_Ag = $22.20/troy oz, Price_Au=$1,812.14/ troy oz, Price_Co = $23.30/lb, Price_Cu = $3.84/lb, Price_Sc = $1.5/g

- Rec_Ag = 68% , Rec_Au = 89% , Rec_Co = 78%, Rec_Cu = 84% , Rec_Sc = 88%

Table 2. shows assay intervals of drill holes H060 to H063

Figures 1 and 2 illustrate vertical projections of drill holes H060 to H063 of the Gold Rich Zone.

Figure 1.

Section along the drill holes

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/8003/194369_71dd183c840518ed_001full.jpg

Drill Hole ID

UTM - East

UTM - North

Elevation

Max-Depth

Azimuth

Dip

Area

H060

347,866

6,453,619

938.8

613.5

350

-70

Lisle South

H061

347,866

6,453,619

938.8

642.0

-65

Lisle South

H062

347,866

6,453,619

938.8

495.0

180

-70

Lisle South

H063

347,866

6,453,619

938.8

420.0

180

-55

Lisle South

Table 3.

Drill Hole Data

Figure 2.

Drill Plan

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/8003/194369_71dd183c840518ed_002full.jpg

Scandium:

Scandium is one of the rarest critical metals group deemed "critical metals" by the Canadian and

American federal governments.

Quality Assurance and Quality Control:

Core samples were prepared at the North Vancouver facility of ALS Canada Ltd. using their PREP-31,

PGM-ICP24, ME-MS61, and ME-ICP06 packages.

Each core sample is dried, then crushed to 70%

passing a 2mm screen. All material is processed in an automatic Riffle splitter to yield a 250g

homogenized, representative sample. This sub-sample is then pulverized to 85% passing a 75-micron

screen. All samples are analyzed for Au, Pt, Pd by 50g fire-assay fusion/ICP-ES finish, using PGM-

ICP24 package. A separate 0.25g pulp split is analyzed by Four Acid digestion/ICP-MS finish, reporting

48 elements. Over limit elements are analyzed by Ore Grade Four Acid digestion/ICP-ES finish using

ME-OG62 assay package. All of Doubleview's core samples are analyzed or assayed at independent

ISO 17025 and ISO 9001- certified laboratories.

Doubleview maintains a website at

www.doubleview.ca

Qualified Persons:

Erik Ostensoe, P. Geo., 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 technical contents of this news release. He is not independent of

Doubleview as he is a shareholder in the company.

Cautionary Note:

Although a mineral resource estimation is currently being prepared by an

independent engineering firm, no mineral resources have been estimated at the Hat Property and there

is no assurance that further work will result in the Lisle Zone, or other zones if present, being classified as

mineral resources.

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) (FSE: 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 risks.

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

[email protected]

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.

Certain of the statements made and information contained herein may constitute "forward-

looking information." In particular references to the private placement and future work programs

or expectations on the quality or results of such work programs are subject to risks associated

with operations on the property, exploration activity generally, equipment limitations and

availability, as well as other risks that we may not be currently aware of. Accordingly, readers

are advised not to place undue reliance on forward-looking information. Except as required

under applicable securities legislation, the Company undertakes no obligation to publicly

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

events or otherwise.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/194369

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