Dolly Varden Silver Corporation
Dolly Varden Silver — Investor Presentation (July 2025)
23 slides from Dolly Varden Silver's investor presentation, Jul 2, 2025
Slide 1: Dolly Varden Silver Corp
SI L VER CORP Pure Silver Safe Jurisdiction 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 in M&A since 2018
The Golden Triangle, BC, Canada �5 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 Snowfield fro
Slide 4: Management, Advisors, & Directors
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 Devine Mic
Slide 5: Share structure and ownership
13.7% 50% Institutional 13.5% Current Price �4.45 CAD As of June 27, 2025 9.5% Eric Sprott 13.3% Retail Shares Outstanding 87.1 M Stock Options 2.8 M RSUs 0.6 M Fully Diluted 90.5 M Market Cap $388 M CAD Cash $52 M CAD Using Proforma Figures for June 27, 2025 5 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 6: Strong Investment Fundamentals
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 Demand Growth
Slide 7: Vision, Strategy, and Business Model
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, responsible practices. company in
Slide 8: Since 2020, valuation went up from $20M to over $300M
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 & planning of 175,000m of drilling, leading to new discoveries. 2020 2021 2022
Slide 9: Building strong relationships with First Nations
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: 20M oz Ag produced from Torbrit and Dolly Varden
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: 25km road provides tidewater access at Alice Arm
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: Over 100,000 Ha in the southern Golden Triangle
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 from Strikepoint
Slide 13: TSX-V: DV NYSE-A: DVS FSE: DVQ
13 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 14: 15km Mineralized Trend
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 Vein System extended to the SW and NE
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: DV NYSE-A: DVS FSE: DVQ
Slide 16: 2024 Exploration continued to test the extension of Wolf
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: TSX-V: DV NYSE-A: DVS FSE: DVQ
17 TSX-V: DV NYSE-A: DVS FSE: DVQ
Slide 18: Planned 35,000m of diamond drilling, 4 drills
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 - Delineate and de-r
Slide 19: Exploration targets follow-up Moose Vein
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 All intervals shown are core length. Estima
Slide 20: Wolf Vein Step-out on High grade Ag
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 over 2.27 m DV24-414
Slide 21: Wolf Vein, vertical expansion
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 0.88% Zn over 2.80 m DV24-410:
Slide 22: 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
Slide 23: Dolly Varden Silver contact
TSX-V: DV NYSE-A: DVS FSE: DVQ DOLLYVARDENSILVER.COM SI L VER CORP Dolly Varden 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 p
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