Dolly Varden Silver Corporation
Dolly Varden Silver — Investor Presentation (May 2025)
24 slides from Dolly Varden Silver's investor presentation, May 21, 2025
Slide 1: Advancing largest high-grade, undeveloped precious metal assets Golden Triangle
Advancing largest high-grade, undeveloped precious metal assets Golden Triangle TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT CAUTIONARY STATEMENT This presentation may contain forward-looking statements that are not historical facts. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about
Slide 3: The Golden Triangle, BC, Canada: $5 Billion in M&A since 2018
The Golden Triangle, BC, Canada $5 Billion Newcrest Acquires Brucejack Mine from Pretium for $2.7B in M&A since 2018 Newcrest Acquires Red Chris Mine from Imperial for $806M Newmont Acquires Tatogga from GT Gold for $343M Newmont Acquires Galore Creek from NovaGold for $100M Seabridge Acquires Snowf
Slide 4: Leadership: Management, Advisors, & Directors
Leadership Management, Advisors, & Directors CEO & Director VP Exploration CFO Shawn Khunkhun Rob Van Egmond Ann Fehr Tech Committee Technical Advisor Technical Advisor Advisor Rob Davidson Ryan Weymark Jodie Gibson Ivan Bebek Director & Chairman Director Director, Tech Adv. Director Director Darren
Slide 5: Capital Structure
Capital Structure 15% 50% Institutional Current Price $3.80 CAD 15% As of May 20, 2025 9.9% Eric Sprott 10% Retail Shares Outstanding 81.6 M Stock Options 2.8 M RSUs 0.6 M Fully Diluted 85 M Market Cap $310 M CAD Cash $30 M CAD Using May 20, 2025 share price 5 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 6: Why Silver?
Why Silver? Strong Investment Fundamentals Scarcity of Pure Silver Plays Silver has outperformed major assets with a Only 13 primary silver miners have significant YTD return of 30.92%, surpassing stocks, market presence, representing a unique bonds, and real estate scarcity investment Industrial De
Slide 7: Building a Premier Silver Company
Building a Premier Silver Company Vision, Strategy, and Business Model Vision Strategy Build Strategic Partnerships • Leverage relationships with industry Focus on Sustainability • Commit to environmentally To be the leading pure silver Unlock Resource Growth leaders like Hecla Mining, Eric Sprott,
Slide 8: Company Timeline
Company Timeline Since 2020, Dolly Varden Silver’s valuation went up from $20M to over $300M+, driven by strategic acquisitions which have significantly increased the mineral inventory, $120M+ in capital raised, and the successful execution of 135,000m+ of drilling, leading to new discoveries. 2020
Slide 9: Community
Community Building strong relationships with First Nations Maximizing business and training opportunities Developing mutually beneficial relationships Regular and transparent dialogue 1/3 of the exploration team is from the Nisga’a Nation Maximizing employment 9 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 10: History of Production
History of Production 20M oz Ag produced from Torbrit and Dolly Varden Production started in 1919 at the Dolly Varden Mine Torbrit produced 18M oz Ag at 466 g/t Ag at an average grade of 1,100 g/t Ag during the 1950s 10 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 11: Infrastructure
Infrastructure 25km road maintained by operators provides tidewater access at Alice Arm 30km from power grid and the town of Kitsault 46km SE of the deep-water port of Stewart 170km from the town of Terrace 11 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 12: Accretive Growth
Accretive Growth Dolly Varden Silver now has over 100,000 Ha in the southern Golden Triangle with 5 past producing high-grade Silver Mines. Kinskuch 59,000Ha from Hecla All Share deal - $5.0M value -Adds 30km Hazelton Trend with mineralized zones. -Past producing Esperanza Silver Mine Porter 3,190Ha
Slide 13: Kitsault Valley Trend
Kitsault Valley Trend 13 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 14: Kitsault Valley
Kitsault Valley 15km Mineralized Trend Geochemistry Magnetics MOOSE MOOSE MOOSE CHANCE CHANCE CHANCE RED POINT RED POINT 0 2.5 5km 14 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 15: Wolf
Wolf Longitudinal Section Lithology Wolf Vein System extended to the SW and NE from the existing Mineral Resource for a total plunge length of 950m to the high-grade Silver zone. The Wolf Vein mineralization remains open to depth and up plunge for further expansion. Hazelton Volcanic Rock 15 TSX-V:
Slide 16: Connecting Deposits
Connecting Deposits Upper Hazelton Sediment Cap 2024 Exploration continued to test the extension of Wolf below the sediment cap towards the projection of the possible connection between the Wolf and Torbrit/Kitsol zones Upper Hazelton Sediment Cap 16 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 17: Homestake Silver
Homestake Silver 17 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 18: 2025 Exploration
2025 Exploration Planned 35,000m of diamond drilling, 4 drills Drilling approximately 40/60 split between Fully Funded, Early start on May 15 Homestake Ridge and Dolly Varden Properties Resource Expansion/Upgrade and Exploration Homestake Ridge Drilling Kitsault Valley Wide Dolly Varden Drilling - D
Slide 19: 2024 Exploration Follow Up
2024 Exploration Follow Up Moose and Chance Long Section of Moose Drilling (looking North) Exploration targets follow-up Moose Vein DV24-387: 977 g/t Ag over 5.00m including 3,670 g/t Ag over 0.79m Chance Vein DV24-388: 206 g/t Ag over 23.03m including 597 g/t Ag over 1.40m and 749 g/t Ag over 0.50m
Slide 20: 2024 Wolf Results
2024 Wolf Results Wolf Vein Step-out on High grade Ag Plan view of DV24-404: Wolf drilling 1,091 g/t Ag, 1.35% Pb and 1.40% Zn over 9.38 m including 2,505 g/t Ag, 3.42% Pb and 2.88% Zn over 1.63 m DV24-412: 606 g/t Ag, 0.61% Pb and 1.43% Zn over 16.20 m including 868 g/t Ag, 0.18% Pb and 0.88% Zn ov
Slide 21: Expanding on 2024 Results
Expanding on 2024 Results WOLF Wolf Vein, vertical expansion Section view of Wolf drilling DV24-416: 654g/t Ag, 0.47% Pb and 0.57% Zn over 21.48 m including 1,000 g/t Ag, 0.62% Pb and 0.64% Zn over 7.70 m. DV24-408: 513 g/t Ag, 2.95% Pb and 1.82% Zn over 27.19 m including 2,520 g/t Ag, 0.18% Pb and
Slide 22: Current Mineral Resources
Current Mineral Resources Category Property Cut-Off Tonnes Ag (g/t) Ag oz Au (g/t) Au (oz) Dolly Varden 150 g/t Ag 3,417,000 299.8 32,931,000 Indicated Homestake Ridge 2.0 g/t AuEq 736,000 74.8 1,800,000 7.02 165,993 Total 34,731,000 165,993 Dolly Varden 150 g/t Ag 1,285,300 277.0 11,447,000 Inferre
Slide 23: Silver is Money. Dolly Varden is Silver.
Silver is Money. Dolly Varden is Silver.
Slide 24: DOLLYVARDENSILVER.COM Shawn Khunkhun
TSX-V: DV NYSE-A: DVS FSE: DVQ DOLLYVARDENSILVER.COM Resource expansion and Rare advanced-stage silver & gold Shawn Khunkhun discovery potential project in Canada CEO & Director Large, high-grade silver & Provides investors leverage to Office: 604 609 5137 gold resources precious metal prices Cell:
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