Doubleview confirms metal recoveries for Hat MRE, PEA

Executive Summary

• Doubleview Gold Corp. has finalized key metallurgical recovery data for gold, copper, cobalt, silver, and scandium, confirming viable recoveries for its polymetallic Hat deposit.
• The company is finalizing an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) incorporating this new metallurgical data and results from the 2025 drilling season (over 13,000 meters drilled).
• The company has completed its previously announced financing and is no longer seeking additional funds, while preparing for advanced metallurgical testing to support a Prefeasibility Study (PFS) and Feasibility Study (FS).

Key Details

• Metallurgical Results: Two-year testing program led by EurIng Andrew Carter confirmed high overall recoveries for gold, copper, cobalt, silver, and scandium.
• Scandium Breakthrough: Achieved a "global first" in the recovery of high-grade scandium oxide (Sc2O3) from copper porphyry flotation tailings, demonstrating strong technical viability.
• Drilling Activity: The 2025 field season included the largest drill program to date, with over 13,000 meters completed, including eastward extensions of mineralization.
• Future Studies: The updated MRE and PEA are being finalized. The company is seeking quotes for advanced metallurgical testing to support planned PFS and FS phases.
• 2026 Planning: Logistics and preparations for the 2026 field season are underway to continue aggressive exploration and resource enhancement.
• Financing Status: Pursuant to a news release dated Dec. 31, 2025, the company has completed its financing and is no longer seeking additional funds.
• Scandium Resource Potential: Estimated at 300 million to 500 million tonnes at an average grade of 40 ppm (0.004%) Sc2O3. This is conceptual in nature based on existing drill holes; insufficient exploration exists to define a mineral resource for scandium at this time.
• Qualified Person: Andrew Carter, BSc, CEng, MIMMM, MSAIMM, SME, has reviewed and approved the technical content. He is a chartered engineer and European Engineer with over 45 years of experience.

Notable Quotes

• "Finalizing these metallurgical recoveries marks a pivotal step forward for the Hat project. Under Mr. Carter's expert guidance, our metallurgy program has unlocked significant potential for critical metals like scandium, alongside robust recoveries for copper, gold, cobalt and silver. We are excited to advance toward the updated MRE and PEA while gearing up for PFS/FS-level work and the 2026 season." — Farshad Shirvani, President and CEO