Dolly Varden Silver Corporation

Dolly Varden Silver — Investor Presentation (September 2023)

18 slides from Dolly Varden Silver's investor presentation, Sep 5, 2023

  1. Slide 1: Advancing one of the largest high-grade, undeveloped precious metal assets in BC's Golden Triangle

    Advancing one of t he largest high-grade, undeveloped precious met al asset s in BC’s Golden Triangle TSX-V: DV OTCQX: DOLLF FRK: DVQ1

  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: M&A in the Golden Triangle since 2018

    $5 New crest Acquires Brucejack Mine from Pretium for $2.7B in M&A since 2018 New crest Acquires Red Chris Mine from Imperial for $806M New mont Acquires Tatogga from GT Gold for $343M New mont Acquires Galore Creek from NovaGold for $100M Seabridge Acquires Snowfield from Pretium for $100M Skeena A

  4. Slide 4: Management, Advisors, & Directors

    Management , Advisors, & Direct ors CEO & Direct or P.Geo., VP Exp. CFO Shawn Khunkhun Robert Van Egmond Ann Fehr Tech Commit t ee P.Eng., Tech Adv. P.Geo., Tech Adv. Advisor Kurt Allen Ryan Weymark Jodie Gibson Ivan Bebek Direct or & Chairman P.Geo., Direct or Direct or, Tech Adv. Direct or Direct

  5. Slide 5: Shareholders: 254M Shares Outstanding

    23% Fury Shareholders 10% Eric Sprott 50% Institutional 10% He cla 7% Re tail Current Price $0.83 Shares Out st anding 254 M As of July 12t h Opt ions 11.3 M Fully-dilut ed 265.3 M Market Cap $200 M CAD Cash $15 M CAD ( ta rg et $1.35) ( ta rg et $2.00) 5 TSX-V: DV OTCQX: DOLLF FRK: DVQ1

  6. Slide 6: Building strong relationships with First Nations

    Building st rong relat ionships wit h First Nat ions Maxim izing busine ss and t raining opport unit ies De ve loping mut ually benef icial re lat ionships Re gular and t ransparent dialogue 1/ 3 of t he explorat ion t eam is from t he Nisga’a Nat ion Maximizing employment 6 TSX-V: DV OTCQX: DOLLF F

  7. Slide 7: 20M oz Ag produced from Torbrit and Dolly Varden

    20M oz Ag produce d from Torbrit and Dolly Varde n Production started in 1919 at the Dolly Varden Mine Torbrit produce d 18 M oz Ag during the 1950 s 7 TSX-V: DV OTCQX: DOLLF FRK: DVQ1

  8. Slide 8: Project access and infrastructure near Alice Arm

    N 25km road maint ained by ope rat ors provide s t idew at er access at Alice Arm 30 km from pow er grid and t he t own of Kit sault 4 6km SE of t he deep-w at er port of St e wart Kit sault 170 km from t he t own of Terrace 8 TSX-V: DV OTCQX: DOLLF FRK: DVQ1

  9. Slide 9: Kitsol extension and offset; Homestake targets

    MOOSE Kitsol extension and offset Homestake Main Homestake Silver Wolf high grade Au plunge South/depth extension SW, NE and East extensions MOOSE 9 TSX-V: DV OTCQX: DOLLF FRK: DVQ1

  10. Slide 10: Wolf Section

    Wolf Sect ion 10 TSX-V: DV OTCQX: DOLLF FRK: DVQ1

  11. Slide 11: 15km Mineralized Trend: Geochemistry, Magnetics

    15km Mineralized Trend Geochemist ry Magnet ics 0 2.5 5km 11 TSX-V: DV OTCQX: DOLLF FRK: DVQ1

  12. Slide 12: Wolf Vein System extended to the SW and NE

    Wolf Vein System extended to the SW and NE from the e xisting Mine ral Re source for a total plunge le ngth of 8 50 m to the high-grade Silve r zone . The Wolf Ve in m ine ralization re m ains ope n to de pth and up plunge for furthe r e xpansion. The down dip zone inte rse cte d 4 0 0 m be low the

  13. Slide 13: Infill drilling demonstrates continuity of high-grade gold shoot at Homestake Main

    Results to date from the infill drilling demonstrates continuity TSX-V: DV OTCQX: DOLLF FRK: DVQ1 of high-grade Gold shoot within the Hom e stake Main de posit 13

  14. Slide 14: 42,000 – 45,000 metres of diamond drilling

    42,000 – 45,000 met res of diamond drilling Continued property scale target generation Build on successful PEA level metallurgical discovery & expansion at test work at Dolly Varden Wolf & Homestake ridge and Homestake Ridge Extend ground Testing exploration geophysics coverage in targets with disco

  15. Slide 15: 2023 Exploration will focus on testing below the sediment cap

    Upper Hazelt on Sedim ent Cap 2023 Explorat ion will focus on testing below the sediment cap that covers the connection between the Wolf and Torbrit / Kit sol zones Upper Hazelt on Sedim ent Cap 15 TSX-V: DV OTCQX: DOLLF FRK: DVQ1

  16. Slide 16: Highlights from the Kitsol Vein in the Torbrit Deposit

    Highlights from the Kitsol Vein in the Torbrit Deposit: • DV23-334: 297 g/t Ag over 8.32 meters including 1,090 g/t Ag over 0.90 meters at Kitsol • DV23-336: 342 g/t Ag over 18.00 meters including 2,270 g/t Ag over 0.50 meters and 995 g/t Ag with 3.6% Pb over 0.60 meters at Kitsol • DV23-337: 496 g/

  17. Slide 17: Current Resources

    Current Resources Category Prope rty Cut-Off Tonne s Ag (g/ t) Ag oz Au (g/ t) Au (oz) Dolly Varde n 150 g/ t Ag 3,4 17,0 0 0 299.8 32,931,0 0 0 Indicate d Hom e stake Ridge 2.0 g/ t AuEq 736,0 0 0 74 .8 1,8 0 0 ,0 0 0 7.0 2 165,993 Tot al 34,731,000 165,993 Dolly Varde n 150 g/ t Ag 1,28 5,30 0 277

  18. Slide 18: Contact and investment summary

    TSX-V: DV OTCQX: DOLLF FRK: DVQ1 DOLLYVARDENSILVER.COM Resource expansion and Rare advanced-stage silver & gold Shaw n Khunkhun discovery pot ent ial project in Canada CEO & Director Large, high-grade silver & Provides investors leverage to Office: 604 609 5137 gold resources precious metal prices C

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