Doubleview Gold Corp Announces Closing of Final Tranche of Private Placement for Total of $1,873,100

Vancouver, British Columbia--(Newsfile Corp. - November 6, 2024) - Doubleview Gold Corp. (TSXV: DBG) (OTCQB: DBLVF) (FSE: 1D4) (the "Company or "Doubleview") is pleased to announce that it is closing its final tranche of its non-brokered Private Placement, as originally announced on September 10 and 11, 2024, of non-flow-through funds for gross proceeds of $39,830. To date the Company has raised total gross proceeds of $1,873,100 (total flow-through funds of $1,051,250 and total non-flow-through funds of $821,850).

Under the final tranche, Doubleview will issue a total of 104,816 non-flow-through units (the "Units") at a price of $0.38 per Unit for gross proceeds of $39,830. Each Unit shall consist of one common share of the Company (a "Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one common share of the Company (a "Warrant Share") at an exercise price of $0.48 per Warrant Share for a period of 6 months following the closing date and thereafter at an exercise price of $0.55 per Warrant Share for a period of 18 months. The Warrants are subject to an acceleration period (the "Warrant Acceleration Period") as described in the announcement from October 29, 2024.

No additional flow-through units will be issued under the final tranche. Under this private placement, Doubleview is issuing a total of 1,911,364 flow-through units and 2,162,763 non-flow-through units.

No finder's fees or finder's warrants will be issued for this final tranche.

Proceeds are intended to be used for contributions and maintenance of the Company's exploration work on its BC projects, particularly for the Hat Polymetallic Deposit, located in northwestern BC, where drilling is still ongoing, geological advisory and analytical services as well as other exploration development work and general working capital purposes.

Pursuant to applicable Canadian securities laws and in accordance with the Exchange policies, all securities issued under this Private Placement will be subject to applicable resale restrictions under applicable securities laws and to the Exchange hold period of four months and one day from the date of issuance.

The closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.

New Financing

The Company wishes to announce a non-brokered private placement of flow-through shares of the Company (the "FT Shares") at a price of $0.48 for gross proceeds of up to $4,000,000. Each FT Share of the Company (a "FT Share") qualifies as a "flow-through share" within the meaning of subsection 66(15) the Income Tax Act (Canada) (the "ITA").