Dolly Varden Silver Corporation
Dolly Varden Silver — Investor Presentation (September 2025)
17 slides from Dolly Varden Silver's investor presentation, September 2025
Slide 1: Silver Corp: Pure Silver, Safe Jurisdiction
SI L VER CORP Pure Silver Safe Jurisdiction September 2025 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 2: Cautionary Statements
Cautionary LEGAL DISCLAIMER The information contained in this presentation and other information furnished by or on behalf of Dolly Varden Silver Corporation (“Dolly Varden”) is confidential and has been FORWARD-LOOKING STATEMENTS AND INFORMATION Statements prepared to assist the recipients hereof i
Slide 3: The Opportunity: Golden Triangle, BC, Canada
The Golden Triangle, BC, Canada THE OPPORTUNITY �5 Billion Supportive First Nations partnerships providing certainty in M&A since 2018 Established infrastructure enabling cost-effective development Significant glacial retreat has opened up new areas for exploration Rising metal prices fuelling renew
Slide 4: Our Place in the Market
Our Place in the Market 10 Primary Silver Producers DISTRICT SCALE After recent acquisitions in 2025, Dolly Varden Silver went from holding 15,000 hectares to over 100,000 hectares of prospective land in the Golden Triangle of BC, Canada. HIGH GRADE RESULTS >5 Year over year, Dolly Varden Silver’s t
Slide 5: Accretive Growth
Accretive Growth 15,000 ha 100,000 ha KINSKUCH • 59,000 ha from Hecla • All-share deal - $5.0M value • Adds 30 km Hazelton Trend with mineralized zones • Past-producing Esperanza Silver Mine • Proximity to the Surebet discovery (Goliath Resources) PORTER • All-share deal - $1.1M value • $0.085 per o
Slide 6: Historic Production
Historic Production FROM 2 TO 5 HIGH-GRADE PAST PRODUCING SILVER MINES IN 2025 KITSAULT VALLEY Over 20M oz Ag produced STEWART AREA 2025 ACQUISITION NYSE-A: DVS FSE: DVQ 6 DOLLY VARDEN MINE: 1919 - 1923 TORBIT MINE: 1949 - 1959 PORTER IDAHO MINE: 1921 - 1931 at 1,100 g/t Ag at 466 g/t Ag at approxim
Slide 7: 2025 Exploration
2025 Exploration DOLLY VARDEN DRILLING HOMESTAKE RIDGE Ongoing 55,000-meter DRILLING • Priority on continued expansion of Wolf high-grade Ag plunge towards diamond drill program, 5 drills • Delineate and de-risk the wider, central Valley fault higher-grade Au/Ag plunge at fully-funded, Started on Ma
Slide 8: Wolf
Wolf 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 8 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 9: Homestake Silver
Homestake Silver 9 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 10: 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 11: Since 2020
Since 2020 CURRENT PRICE: �5.41 CAD As of September 3, 2025 5.5 $500M GROWN FROM �20M TO �500M 5.0 Since our management took over, we’ve made discoveries, raised money with strategic investors 4.5 and executed on timely accretive acquisitions. 5 ACQUISITIONS 4.0 After recent acquisitions in 2025, Do
Slide 12: Focused on Growth
Focused on Growth 13.7% Shares Outstanding 87.1 M Stock Options 2.8 M RSUs 0.6 M 50% 13.5% INSTITUTIONAL Fully Diluted 90.5 M 9.5% Market Cap $472 M CAD Cash $40 M CAD ERIC SPROTT Figures as of September 3, 2025 13.3% RETAIL 12 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 13: Since Uplisting
Since Uplisting to �5.41 CAD 5.50 Sept 3, 2025 DOLLY VARDEN SILVER HAS EXPERIENCED 38%+ appreciation in share price 5.00 Acquired 75,000Ha of prospective land Raised �28M+ with participation 4.50 from Eric Sprott giving us a �49M cash position �3.75 CAD Launched a 55,000-meter Apr 21, 2025 drill pro
Slide 14: Our Philosophy: Board and Management
THE SHAREHOLDERS Our Philosophy BOARD OF DIRECTORS DIRECTOR & CHAIRMAN DIRECTOR DIRECTOR, TECH ADV. DIRECTOR DIRECTOR Darren Devine Michael Henrichsen Rob Mcleod James Sabala Tim Clark MANAGEMENT CEO & DIRECTOR VP EXPLORATION CFO Shawn Khunkhun Rob Van Egmond Ann Fehr 14 TSX-V: DV NYSE-A: DVS FSE: D
Slide 15: Company Timeline
Company Timeline 2020 2021 2022 2023 2024 2025 • 11,396.63 meters drilled • 10,500 meters drilled • 37,072.39 meters drilled • 51,000 meters drilled • 31,726 meters drilled • 55,000 meter drill program • �26M in capital raised • Nov 16, 2021: • �41M in capital raised • �10M in capital raised • �47M
Slide 16: The Future of Silver in Canada
The Future of Silver in Canada SHAWN KHUNKHUN EMAIL sk@dollyvardensilver.com CEO & Director Office 604.609.5137 Cell 604.374.5515 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 17: Cautionary Statements cont.
Cautionary SCIENTIFIC AND CAUTIONARY NOTE TO US INVESTORS TECHNICAL INFORMATION CONCERNING MINERAL RESOURCES Statements The technical information in this presentation has been reviewed and approved by Robert Investors are advised that NI 43-101 requires that each category of mineral resources be re-
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