Dolly Varden Silver Corporation

Dolly Varden Silver — Investor Presentation (April 2023)

15 slides from Dolly Varden Silver's investor presentation, Apr 15, 2023

  1. Slide 1: Advancing one of the largest high-grade, undeveloped precious metal assets

    Advancing one of the largest high-grade, undeveloped precious metal assets in BC’s Golden Triangle TSX-V: DV OTCQX: DOLLF

  2. 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

  3. Slide 3: $5 Billion in M&A since 2018

    Newcrest Acquires Red Chris $5 Billion in Mine from Imperial for $806.5M M&A since Newmont Acquires Tatogga from GT Gold for $343.1M 2018 Newmont Acquires Galore Creek from NovaGold for $100M Skeena Acquires QuestEX for $36.5M Seabridge Acquires Snowfield from Pretium for $100.0M Newcrest Acquires B

  4. Slide 4: Leadership: Management, Directors and Advisors

    LEADERSHIP MANAGEMENT ADVISORS SHAWN KHUNKHUN KURT ALLEN RYAN WEYMARK CEO & Director Technical Committee P.Eng., Technical Advisor, Eng. ROBERT VAN EGMOND JODIE GIBSON IVAN BEBEK P.Geo., VP Exploration P.Geo., Technical Advisor, Geology Advisor ANN FEHR Chief Financial Officer DIRECTORS DARREN DEVIN

  5. Slide 5: Capital Structure

    CAPITAL STRUCTURE CAPITALIZATION SHAREHOLDERS SHARES OUTSTANDING 254 M 10% OPTIONS 11.3 M Hecla 7% 23% FULLY-DILUTED 265.3 M Retail Fury MARKET CAP $275 M CAD 10% Eric CASH $26.5 M CAD Sprott Capitalization as of April 15st, 2023 ANALYST COVERAGE 50% Institutional (target $1.35) (target $1.60) TSX-V

  6. Slide 6: Community

    COMMUNITY Building strong relationships Maximizing business and Developing mutually with First Nations training opportunities beneficial relationships Regular and 1/3 of the exploration team Maximizing transparent dialogue is from the Nisga’a Nation employment TSX-V: DV OTCQX: DOLLF 6

  7. Slide 7: Mineralized Corridor Infrastructure

    A MINERALIZED CORRIDOR 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 M 170km from the town of Terrace M 7

  8. Slide 8: Plan View and Long Section

    TSX-V: DV ye HOMESTAKE SILVER HOMESTAKE MAIN etl ee ae EON ar WE, SOUTH REEF Plan View TORBRIT Curw arear DOLLY VARDEN 1.4km potential 7 HOMESTAKE MAIN SOUTH REEF HOMESTAKE SILVER Long Section Key @ Gold Defined Resource OTCQX: DOLLF O Silver Defined Resource a WOLF West and East Extensions itsol +

  9. Slide 9: Wolf Section

    WOLF SECTION g/t Ag Upper Hazelton Sedimentary Cap Wolf Vein Extension 1,532 g/t Ag over 1.22m within interval of 241 g/t Ag over 17.50m TSX-V: DV OTCQX: DOLLF 9

  10. Slide 10: 15km Mineralized Trend

    15km Geochemistry Magnetics Mineralized Trend 10

  11. Slide 11: 2022 Wolf Drilling

    2022 WOLF DRILLING Wolf Vein System extended over 350m down plunge along higher-grade shoot and directly down dip over 400m from existing Mineral Resource. Strength of mineralization and alteration is robust below sedimentary cap. East extension drilling up plunge has expanded mineralization to give

  12. Slide 12: Homestake Longitudinal Section

    HOMESTAKE LONGITUDINAL SECTION Results to date from the infill drilling demonstrates continuity of high- grade Gold shoot within the Homestake Main deposit TSX-V: DV OTCQX: DOLLF 12

  13. Slide 13: 2023 Exploration

    2023 Exploration 42,000 - 45,000m of diamond drilling Build on successful discovery and expansion from 2022 at Wolf and Homestake Ridge and Continue testing new targets with discovery potential along the under explored portion of the Kitsault Valley Trend PEA level Metallurgy testing Extend Ground G

  14. Slide 14: Total Kitsault Valley Project 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 Inferred Homestake Ridge 2.0 g/t

  15. Slide 15: Shawn Khunkhun, CEO & Director

    Resource expansion and Rare advanced-stage silver Shawn Khunkhun discovery potential & gold project in Canada CEO & Director Large, high-grade silver Provides investors leverage Office: 604 609 5137 & gold resources to precious metal prices Cell: 604 374 5515 Email: sk@dollyvardensilver.com Opportun

Dolly Varden Silver — Investor Presentation (April 2023) on 6ix