VANCOUVER, BC--(Marketwired - February 21, 2017) - Doubleview Capital Corp. ("Doubleview") (TSX VENTURE: DBV) (DBLVF), (1D4.F), (GER:A1W038) is pleased to announce a very significant development as the Company has fulfilled all provisions of the Option Agreement dated August 29, 2011 and has acquired 100% interest in the Hat Property. The Vendors are in the process of transferring the mineral tenures to Doubleview.
The August 29, 2011 Option Agreement between Doubleview and the Vendors included schedules of cash and stock payments and a minimum work commitment, all of which requirements have now been met, in return for acquisition by Doubleview of 100% interest in all mineral titles that comprise the Hat Property. The Vendors retain a 2% net smelter return ("NSR") interest of which Doubleview can purchase 1% by making cash payment of $1,500,000.
Doubleview as the sole owner of the property is analyzing the geological model and planning an aggressive drill program for the upcoming season.
Exploration and drilling update:
Doubleview on 15th February 2017 announced partial assay results from 2015 and 2016 Hat Project drilling and its management and geological team are pleased that they have further expanded the Lisle Zone Gold-Copper Porphyry deposit. The remainder of the assay results will be released when they have been verified and added to the Property database.
Mr. Pat McAndless, P.Geo. senior advisor to Doubleview, has commented on the recent exploration results and progress by saying "Congratulations on your excellent results. It takes time to build your story and you are on the way."
President and CEO, Mr. Farshad Shirvani, M.Sc. Geology commented "I am excited to see the drill results that we have recently announced as they further expand the Lisle Zone of gold and copper mineralization. The results enhance our understanding of the structural, mineralogical and geological expression of the Hat Porphyry Complex that has not been delimited. Exploration planning will be designed to increase the dimensions of the Lisle Zone and test other targets, and may enable estimation of our first resource."
The accompanying table shows composites of analyses announced in the Company's February 15, 2017 News Release:
| DDH | FROM | TO | LENGTH | AU | CU | AG | CU EQ | |
| (m) | (m) | (m) | (g/t) | (%) | (g/t) | (%) | ||
| H023 | 24.1 | 539 | 514.9 | 0.18 | 0.21 | 0.45 | 0.34 | |
| H023 | including | 56.72 | 513 | 456.28 | 0.2 | 0.24 | 0.5 | 0.38 |
| H023 | and | 67.9 | 400.27 | 332.37 | 0.25 | 0.29 | 0.55 | 0.46 |
| H023 | and | 270.62 | 367.3 | 96.68 | 0.38 | 0.51 | 0.36 | 0.77 |
| H023 | and | 303.33 | 346.15 | 42.82 | 0.54 | 0.68 | 0.47 | 1.04 |
| H024 | 3 | 139 | 136 | 0.1 | 0.11 | 0.44 | 0.18 | |
| H024 | including | 3 | 77 | 74 | 0.17 | 0.19 | 0.59 | 0.31 |
| H024 | and | 3 | 36.5 | 33.5 | 0.38 | 0.42 | 1.02 | 0.69 |
| H024 | and | 3 | 26.5 | 23.5 | 0.52 | 0.59 | 1.22 | 0.95 |
| H024 | and | 3 | 7 | 4 | 2.62 | 3.19 | 4.0 | 4.96 |
| H024 | 234 | 236 | 2 | 0.12 | 0.32 | 3.0 | 0.43 | |
| H025 | No significant values | |||||||
| H026 | 7.62 | 522.03 | 514.41 | 0.14 | 0.19 | 0.43 | 0.28 | |
| H026 | including | 7.62 | 27.8 | 20.18 | 0.41 | 0.39 | 2.54 | 0.68 |
| H026 | and | 189.8 | 522.03 | 332.23 | 0.16 | 0.22 | 0.27 | 0.33 |
| H026 | including | 189.8 | 308.37 | 118.57 | 0.22 | 0.25 | 0.18 | 0.39 |
| H026 | and | 252.86 | 287 | 34.14 | 0.28 | 0.44 | 0.34 | 0.63 |
| H026 | and including | 260.9 | 522.03 | 261.13 | 0.16 | 0.24 | 0.31 | 0.35 |
| H026 | and including | 260.9 | 310.47 | 49.57 | 0.26 | 0.39 | 0.26 | 0.56 |
| H026 | and | 454.86 | 522.03 | 67.17 | 0.15 | 0.35 | 0.58 | 0.45 |
| H027, H028, H029, H030 to be reported later. | ||||||||
| *True widths unknown | ||||||||
Drill Plan is located on the website of the company at: http://www.doubleview.ca/projects/hat-gold-rich-porphyry-copper/hat-lisle-zone-drill-plan/