Custom post type pages return 404 page?

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The 404 page happens because the permalinks haven’t been updated after you inserted the code.
You can do either of these things:

  1. Manually update the permalinks after you add the new custom post type (needs to be done only once)

  2. Include the custom post type file in the theme setup function and follow with a flush_rewrite_rules( );, then reactivate the theme. reference here

Edit: Please don’t include the code flush_rewrite_rules( ); in your custom post php file since the function is very expensive to run everytime the wordpress engine loads.