VANCOUVER, BRITISH COLUMBIA - August 12, 2026 - Doubleview Gold Corp. (TSX.V: DBG | OTCQX: DBLVF) ("Doubleview" or the "Company") announces that following the historic US$400 million conditional loan commitment by the U.S. Department of War’s Office of Strategic Capital (OSC) to fund allied primary scandium infrastructure , the Company has initiated formal high-level strategic engagements with Canadian federal and provincial leadership.

The Company has submitted an official Strategic Policy Brief to the Right Honourable Mark Carney, Chair of the Prime Minister’s Economic Advisory Council, and the Honourable David Eby, Premier of British Columbia. The memorandum outlines immediate pathways to secure and fast-track the development of the Company’s flagship Hat Project, positioning British Columbia as a critical hub in the newly emerging Western G7 critical minerals and defense supply architecture.

The recent multi-million-dollar capital deployment by the United States government marks a decisive turning point in North American critical mineral sovereignty. Scandium is classified as a material of critical defense import due to its role in next-generation high-heat aluminum alloys used in aerospace, defense, and specialized national security applications.

Core Highlights of the Hat Project (BC Golden Triangle):

• Significant Critical Mineral Footprint: As independently validated in the Company's Preliminary Economic Assessment (PEA), the Hat Project hosts 2,415 tonnes of scandium oxide (see Table 2 below) and 80 million pounds of cobalt (see Table 1 below) in the measured and indicated categories.

• Robust Financial Metrics: The PEA demonstrates stellar economics, yielding an after-tax Net Present Value (NPV) ranging between C$6.73 billion and C$7.27 billion with a 19%-23% Internal Rate of Return (IRR) utilizing consensus metal prices (see news release dated March 23, 2026).

• Tier-1 Jurisdiction Asset: Located within the infrastructure-rich Golden Triangle of British Columbia, offering an immediate domestic alternative to foreign, adversarial supply chain monopolies.

Farshad Shirvani, President and CEO of Doubleview, commented: "The unprecedented mobilization of hundreds of millions of dollars by the U.S. government for allied scandium development signals that the critical mineral race has entered an entirely new, high-velocity operational phase. Canada, and British Columbia specifically, holds the keys to Western security through generational deposits like the Hat Project. We are proactively engaging with Prime Minister Mark Carney and Premier David Eby's offices to ensure that domestic infrastructure capital, streamlined provincial permitting frameworks, and cross-border defense supply integrations are prioritized immediately to capitalize on this migrating G7 capital."

(1) https://www.war.gov/News/Releases/Release/Article/4566598/office-of-strategic-capital-signs-400-million-conditional-loan-commitment-with

The Company plans to provide further corporate updates as its metallurgical optimization, Pre-Feasibility Study (PFS) preparations, and high-level intergovernmental coordination continue to advance.

Summary of Mineral Resource Estimate

(See tables)

Qualified Person

Mineit Consulting Inc (Mineit) prepared the MRE in accordance with CIM Definition Standards on Mineral Resources and Reserves on Mineral Resources and Reserves. A Technical Report in support of the MRE will be filed on SEDAR+ (www.sedarplus.ca) within 45 days.

Tomasz Wawruch, FAusIMM, of Mineit, is the Qualified Person for the MRE, and has reviewed and approved the technical disclosure related to the MRE contained in this news release. Mr. Wawruch is a geology and mineral resource consultant independent of Doubleview. Gilles Arseneau, PhD., P.Geo of ARSENEAU Consulting Services Inc. provided an independent peer review of the MRE and did not identify any fatal flaws with the resource model prepared by Tomasz Wawruch.

With respect to the Hat Project metallurgical studies, EUR ING Andrew Carter, B.Sc., CEng., MIMMM QMR, MSAIMM SME, of Magister Metallurgy, is Doubleview’s Qualified Person, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects; he has reviewed and approved the technical contents of this news release. Mr. Carter is independent of Doubleview.

About the Hat Project

The Hat Project is a polymetallic copper-gold-cobalt-scandium project located in northwestern British Columbia. The project hosts a porphyry-style mineralized system and has been the subject of extensive drilling, geological modelling, metallurgical work, and technical studies. Doubleview continues to advance the Hat Project through exploration, technical evaluation, metallurgical test work, and environmental baseline programs.

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], [OTCQX: DBLVF], [GER: A1W038], [Frankfurt: 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, M.Sc. Geology

President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp, Vancouver, BC

Farshad Shirvani, President & CEO

T: (604) 678-9587

E: corporate@doubleview.ca

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.

Preliminary Economic Assessment Cautionary Statement

The Preliminary Economic Assessment (“PEA”) for the Hat Project is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The PEA provides a conceptual mine plan and is based on low-level technical and economic assessments that are insufficient to support an evaluation of the economic viability of the Project or to establish Mineral Reserves. There is no certainty that the results of the PEA will be realized. Further exploration and site-specific engineering studies are required before a higher level of confidence can be established for the Project’s economics. The economic analysis in the PEA is based on several assumptions including, but not limited to, long term metal prices, foreign exchange rates, metallurgical recoveries, and capital and operating cost estimates. These assumptions are subject to significant risks and uncertainties, and actual results may differ materially from those projected. Readers are cautioned not to place undue reliance on the PEA or the forward-looking information contained in this release.

The economic analysis in the PEA is based on several assumptions including, but not limited to, long term metal prices, foreign exchange rates, metallurgical recoveries, and capital and operating cost estimates. These assumptions are subject to significant risks and uncertainties, and actual results may differ materially from those projected. Readers are cautioned not to place undue reliance on the PEA or the forward-looking information contained in this release.

To continue reading disclosure statement and formula used in the calculations above, please click on the link below:

https://www.newsfilecorp.com/release/309323/Doubleview-Gold-Corp

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