Cobalt Confirmed Recoverable in Preliminary Metallurgy Tests

Doubleview Gold Corp. (“Doubleview”), (“Company”) (TSXV:DBG) (OTC PINK: DBLVF) (FRANKFURT: 1D4) is pleased to announce positive results from its metallurgical test program for Cobalt, Copper and Gold is confirmed and follow-up tests are currently continuing at Sepro Laboratories. The current test program has been designed to determine the recoverability of Cobalt in Lisle deposit in addition to Copper and Gold. (Refer to Company’s news release dated July the 3rd, 2020).

Hat Project: Cobalt Pyrite Concentrate

Hat Project: Cobalt Pyrite Concentrate

Initial flotation rougher tests of gravity separation tails have shown that Cobalt can be “recovered” to a pyrite concentrate. Subsequent tests, which will include regrinding and cleaning, are aimed at improving selectivity as well as recoveries and producing a high-gold copper concentrate and a high-cobalt pyrite concentrate. This work will be completed in the forthcoming weeks and results will be announced.

The potential for the recovery of additional metallic elements including Palladium and Nickel is currently being evaluated and may be included in the test program after technical review.

The test work program is led by EUR ING Andrew Carter B.Sc. CEng. MIMMM, MSAIMM SME, Technical Director of Coffey. Metallurgical extraction studies of the HAT Gold Rich Copper Porphyry Project drill core samples will allow preliminary metallurgical characterization of mineralization and evaluate the metallic content recoverability.

Coffey and Tetra Tech provide metallurgical consulting services to the battery and technologies metals sectors including copper, cobalt, nickel, manganese, vanadium, lithium and graphite.

2020 Assay results:

Company is currently awaiting the assays from its late 2020 drilling program. Assay results will be announced immediately following verification and interpretation. Data will be added to the Hat Project database and used in planning the 2021 field program.

Qualified Persons:

EUR ING Andrew Carter B.Sc. CEng. MIMMM, MSAIMM SME of Coffey, Tetra Tech consulting is Doubleview’s Qualified Person with respect to the Hat Project Metallurgical Studies as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical contents of this news release. He is independent of Doubleview.

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], [OTCBB: 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. Doubleview’s portfolio of strategic properties provides diversification and mitigates investment risk.

On behalf of the Board of Directors,
Farshad Shirvani, President & Chief Executive Officer

For further information please contact:

Doubleview Gold Corp

470 Granville St. Suite 882
Vancouver, BC, V6C 1V5
Farshad Shirvani, President & CEO
T: (604) 678-9587
E: corporate@doubleview.ca

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Doubleview cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Doubleview’s control. Such factors include, among other things: risks and uncertainties relating to Doubleview’s limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Doubleview undertakes no obligation to publicly update or revise forward-looking information.

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.