Doubleview Gold pursues US$400M US Dept of War scandium funding initiative

Vancouver, British Columbia--(Newsfile Corp. - August 12, 2026) - Doubleview Gold Corp. (TSXV: 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 1 , 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 me