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GRUN.CN ·

CRS Announces Grant of Incentive Stock Options

Share Capital & Compensation

330 5th Ave, Suite 1800

Calgary, AB T2P 0L3

www.crestviewexploration.com

December 15, 2021

NR: 1-121521 CSE: CRS – FRA: CE7

Crestview Exploration Inc. Announces Grant of Incentive Stock Options

Calgary, Canada December 15, 2021 - Crestview Exploration Inc. (CSE: CRS, Frankfurt: CE7)

(“Crestview” or the “Company”) announces that is has granted a total of 200,000 stock options to

the CEO of the Company. The incentive stock options granted will vest quarterly over a period of

12 months, are valid for 5 years from the date of the issuance and are exercisable to purchase a

common share of the Company at a price of CAD$ 0.35 per share.

About Crestview Exploration Inc:

Crestview Exploration is a technology driven, well-funded and experienced exploration company

focused on finding gold and silver deposits in mining friendly jurisdictions. The Crestview’s

projects Rock Creek, Divide, and Castile Mountain are situated in the Tuscarora Mountains of

northern Elko County, Nevada. The company’s Tuscarora properties combined comprise a total

of 101 unpatented lode mining claims, with 74 claims at Rock Creek, 19 claims at Divide, and 8

claims at Castile Mountain.

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.

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 believes 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

encouraged to review the Company’s public filings at www.sedar.com. The Company disclaims any intention or obligation to date

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