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GRUN.CN ·

CRS Announces Issuance of Performance Warrants

Corporate Updates

330 5th Ave, Suite 1800

Calgary, AB T2P 0L3

www.crestviewexploration.com

January 14, 2021

NR: 1-011421 CSE: CRS – FRA: CE7

Crestview Exploration Inc. Announces Issuance of Performance Warrants

Calgary, Canada January 14, 2021 - Crestview Exploration Inc. (CSE: CRS, Frankfurt: CE7)

(“Crestview” or the “Company”) announces that is has granted of a total of 336,933 performance

warrant (the “Warrants”) to consultants. Each Warrant is exercisable into one common share at

CAD$0.60 for a three-year term.

The securities issued will have a hold period expiring four month and one day from the date of

issuance pursuant to applicable Canadian securities laws.

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 company’s flagship

project Rock Creek as well as the Divide Mine and Castile Mountain precious metal projects are

located in the Tuscarora mining district in north-central Nevada, in Elko County.

For further information please contact:

Glen Watson, Chief Executive Officer

Tel: 1-604-803-5229

Email: [email protected]

www.crestviewexploration.com

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER

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

RELEASE

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.