Dolly Varden Silver Corp.

Dolly Varden Silver’s team is in Colorado Springs for The Gold Forum Americas 2024! Connect with Shawn Khunkhun, President & CEO, and Robert van Egmond, VP Exploration, for the 2024 drill program update and future plans. Join us on Tuesday, September 17, at 10:10am at Paleogene Track for Shawn’s stage presentation. TSXV: DV | OTCQX: DOLLF

It’s been a productive week for Dolly Varden Silver at the Precious Metals Summit in Beaver Creek, Colorado. We’re looking forward to building on the momentum with more meetings at The Gold Forum Americas in Colorado Springs next week! Shawn Khunkhun | Robert van Egmond TSXV: DV | OTCQX: DOLLF

NEWS RELEASE — SEPTEMBER 9, 2024 — Dolly Varden Silver Intersects 654 g/t Silver over 21.48meters at Wolf Vein and Expands 2024 Drill Program “The Wolf Vein continues to deliver exceptional silver grades, often with significant base metal values and strong native silver mineralization over potentially bulk-mineable widths. The extended drill program will prioritize lateral and vertical step-outs from these new Wolf results and follow up at other exploration targets including the silver zone at Moose. Resource expansion and exploration drilling efforts at the Homestake Silver Deposit continues within the projection of wider higher-grade gold and silver plunge zone defined in 2023,” said Shawn Khunkhun, President & CEO. Read the news release: https://lnkd.in/gXFBFRyx TSXV: DV | OTCQX: DOLLF

On September 15-18, Shawn Khunkhun, President & CEO, and Robert van Egmond, VP Exploration, will attend The Gold Forum Americas 2024 in Colorado Springs, CO. Stop by Paleogene Track on Tuesday, September 17, for Shawn Khunkhun’s stage presentation. We look forward to seeing you there! TSXV: DV | OTCQX: DOLLF

Join Dolly Varden Silver at the Precious Metals Summit in Beaver Creek, Colorado, from September 10-13. Meet with Shawn Khunkhun, President & CEO, and Robert van Egmond, VP of Exploration, to discuss our 2024 drill results and upcoming plans. Don’t miss Shawn Khunkhun’s stage presentation on Wednesday, September 11, in Room 1. We’re excited to connect with everyone and share our latest updates. See you there! TSXV: DV | OTCQX: DOLLF

The Exit Strategy by Shawn Khunkhun, President & CEO In interviews, I am often asked: “What is your exit strategy?” which is a blunt way of enquiring: “How do you see the Dolly Varden Silver story ending?” These are valid questions which should echo the concerns of individual shareholders: “When should I sell my shares?” To grapple with that question, we need to acknowledge the typical life cycle of a resource project. Mining companies are designated into one of three categories: explorer (finding a resource), developer (de-risking the resource) or producer (extracting and processing the resource). From trailhead to summit, this path is littered with dead bodies. Many explorers fail to identify a significant deposit. Many developers can not get the required environmental permits. If the spot price of the mined resource plummets 80%, a producer could find itself operating a money-losing mine. Historically, explorers offer the greatest rewards and the greatest risks. The DNA of Dolly Varden Silver is set up to explore. Lead by our VP Exploration Robert van Egmond and his team, we have demonstrated the ability to discover precious metal deposits. In the resource space, devising a smart exit strategy requires a wide-angle lens, encompassing factors beyond the property borders. There are political issues and issues of supply & demand. You can’t talk about the value of silver without talking about EVs and solar panels. Commodity cycles are cyclical. It is my personal belief that we are in the early stages of a bull market for precious metals. In a perfect world, if I could cultivate the narrative and execute it according to my own wishes and schedule, I would like to hand Dolly Varden over to a bigger entity. That means continuing to grow the resource, to make new discoveries, to add ounces of silver and gold and to expand our knowledge of the various deposits in our land package. We will continue raising money with strategic investors, spending money wisely, whether that’s putting it in the ground, or executing further land amalgamations. I believe silver is the right metal. The Golden Triangle is the right location. BC is the right jurisdiction. And we have the right partners. Since I became CEO of Dolly Varden, the stock price has risen 500%. I love to say “I told you so”, but I didn’t. We are exploring. Stock price appreciation was never a guarantee. The perfect exit strategy for Dolly Varden is to enter the pipeline of a major developer that has the cash flow to build a mine. What entity might that be? We are surrounded by the $3.4B Hecla Mining Company, their technical people are part of our team, and they own 15% of Dolly Varden. Our exit strategy could feature Hecla. But one thing I’ve learned in my 20 years in this industry, things are always changing. Dolly Varden will continue to adapt to the changes. We intend to “exit” at the time that will deliver maximum benefit to all of our stakeholders. TSXV: DV | OTCQX: DOLLF

Join Dolly Varden Silver's President & CEO, Shawn Khunkhun, on Thursday, August 29, at 10am PT // 1pm ET for a fireside chat with Diane Garrett, President & CEO of Hycroft Mining Holding Corporation, where they will discuss the state of the industry, their companies, and the silver market. Register here: https://lnkd.in/ea8uk5z5 TSXV: DV | OTCQX: DOLLF

The Builders by Shawn Khunkhun, President & CEO I'd love to take credit for all the success we've had at Dolly Varden, but the truth is I’ve been standing on the shoulders of a chain of talented geologists, financiers and builders who came before me. When I first looked at Dolly Varden, I had been working for gold companies for 15 years. I had one important thing in my possession: the insight that silver out-performs gold in bull markets. Looking down at the Kitsault Valley from a 40,000-foot elevation, I saw host acreage, I saw Hecla Mining Company and I saw Dolly Varden. I knew there were 40 million ounces of silver in the ground, because that was the defined resource. I knew it was a past producer, because that’s a recorded part of BC’s history. At one point, the Dolly Varden was the richest silver mine in the British Empire. I owe a debt to many people, like Walter Coles of Skeena Resources Limited, who had the idea to reawaken past treasures in the Golden Triangle. He partnered with Ron Netolitzky, who had made huge discoveries in the area. Before acquiring Dolly Varden, I sought the counsel of Robert McLeod, the lead technical advisor to the Fiore Group of Companies. McLeod is a geologist and mining executive with a 30-year track record developing resources in Alaska, Yukon, Nunavut, Ontario and Nevada. But his closest ties are to The Golden Triangle in British Columbia. Rob’s father, Ian McLeod served as the mayor of Stewart, BC, and was a close ally of the Nisga’a Nation. Back in 1949, McLeod Sr. helped run an election campaign for Dr. Frank Calder, the first indigenous person to serve Public Elected office for any provincial legislature in Canada. Rob McLeod knows the history and geology of the Kitsault Valley better than anyone on this planet. He is the original driving force and the visionary for the modern iteration of Dolly Varden. He is a Technical Advisor and Director of Dolly Varden. Other important team members include our CFO Ann Fehr, our Chairman Darren Devine, Directors Michael Henrichsen, Jim Sabala and Technical Advisors Kurt Allen, Ryan Weymark, P. Eng., Jodie Gibson. We are in the business of building an inventory of precious metals. The person leading that endeavor is our VP of Exploration, Robert van Egmond, P.Geo. He’s worked in North America, South America and Africa, with major mining companies like BHP. Rob van Egmond also conducted exploration and pre-development work in the Iskut River/Golden Triangle area for Cominco. You know when you are in the room with an expert. Rob van Egmond is the beating heart of Dolly Varden’s Exploration team. In an earlier message, I told you about the rising Dolly Varden geologist Amanda Bennett, P.Geo. and the drill-pad builder Phillip Clayton. There are many other contributors you won’t see listed on our “deck” (investor presentation). A successful resource company requires a chain of talented people; every link is important. TSXV: DV | OTCQX: DOLLF

This is a typical intercept of a high-grade #silver quartz-carbonate-sulphide vein at Dolly Varden Silver’s Wolf Deposit; DV24-404 averaged 1,091 g/t Silver over 9.38 meters. TSXV: DV | OTCQX: DOLLF

NEWS RELEASE — AUGUST 19, 2024 — Dolly Varden Silver’s Step-out Drilling Intersects 606 g/t Silver over 16.38 meters at Wolf Vein “The strength of mineralization including strong native silver and pyrargyrite plus strong, accessory base metals appear to be increasing to the southwest as we vector towards a key structural intersection point. These holes, oriented by directional drilling, show excellent continuity of the high-grades at the Wolf Vein,” said Shawn Khunkhun, President & CEO. Read the news release: https://lnkd.in/g5z2htYh TSXV: DV | OTCQX: DOLLF