Dolly Varden Silver Corporation

Dolly Varden Silver — Investor Presentation (March 2022)

15 slides from Dolly Varden Silver's investor presentation, Mar 30, 2022

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

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

  2. Slide 2: 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 future economic condi

  3. Slide 3: Resources of the Kitsault Valley Project

    RESOURCES OF THE KITSAULT VALLEY PROJECT Dolly Varden Silver is a silver and gold exploration company focused on advancing it’s 100% held Kitsault Valley project located in the southern tip of BC’s Golden Triangle. The project was formed by combining the Dolly Varden and Homestake Ridge projects on

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

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

  5. Slide 5: Capital Structure

    CAPITAL STRUCTURE Capitalization Shareholders Shares Outstanding 230 M Fury Gold Mines 10% Warrants 8.8 M 8% Options 11 M * Institutional 33% 11% Fully-diluted 249.8 M Eric Sprott Market Cap Cad$188.6 M Retail 38% Cash ~Cad$25 M Hecla Mining US$ market cap./Total AgEq ounces US$1.10/oz AgEq * Sprott

  6. Slide 6: Community Relations

    COMMUNITY RELATIONS Dolly Varden Silver is a member of the BC Regional Mining Alliance (BCRMA), a regional partnership with First Nations (Tahltan and Nisga’a), industry and provincial government representatives Dolly Varden seeks to share the benefits of our work by: • Building strong relationships

  7. Slide 7: Prolific Metallogenic Belt

    PROLIFIC METALLOGENIC BELT A commanding position at the southern tip of the Golden MINERAL SHOWINGS DOLLY VARDEN HECLA TSX-V: DV OTCQX: DOLLF 7

  8. Slide 8: Proximity to Infrastructure

    PROXIMITY TO INFRASTRUCTURE HOMESTAKE MAIN WOLF 170 km from the town of Terrace HOMESTAKE SILVER TORBRIT 46 km SE of the deep-water NORTH STAR SOUTH REEF port of Stewart DOLLY VARDEN 30 km from power grid and KITSAULT the town of Kitsault Power Grid, Deep Water Port, Road to Terrace, Permitted Mine

  9. Slide 9: Kitsault Valley Project Highlights

    KITSAULT VALLEY PROJECT HIGHLIGHTS Combined resources: 34.7 M oz Ag + 166 K oz Au Indicated and 29.3 M oz Ag + 817 K oz Au Inferred Large Silver & Gold Solidifies the combined project as among the largest Resources undeveloped precious metal assets in Western Canada Large and highly prospective land

  10. Slide 10: Kitsault Valley Trend Potential

    KITSAULT VALLEY TREND POTENTIAL Surface geochemistry of gold and silver along Kitsault Valley suggests discovery potential of additional mineral deposits between South Reef and Wolf deposits. TSX-V: DV OTCQX: DOLLF 10

  11. Slide 11: Dolly Varden – Expansion Potential

    DOLLY VARDEN – EXPANSION POTENTIAL The deposits sit at the southern end of a surface potassic alteration signature. Potential for additional WOLF TORBRIT mineralized zones down plunge along the favorable volcanogenic Torbrit horizon. Image to the right shows an isometric side view of the east slope

  12. Slide 12: Homestake Ridge – Exploration Upside: Mineral Resource Long Section

    HOMESTAKE RIDGE – EXPLORATION UPSIDE MINERAL RESOURCE LONG SECTION Drilling on the Homestake Ridge project has outlined mineralization with three-dimensional continuity, with size and grades that can potentially be extracted economically. TSX-V: DV OTCQX: DOLLF 12

  13. Slide 13: Regional Exploration Potential

    REGIONAL EXPLORATION POTENTIAL Combined project eliminated property boundaries for more comprehensive regional exploration, targeting underexplored 5.4km Kitsault Valley gap with the aim of continuing to grow resources and take advantage of further economies of scale TSX-V: DV OTCQX: DOLLF 13

  14. Slide 14: Combined Gold & Silver Resources

    COMBINED GOLD & SILVER RESOURCES Combined Silver Equivalent 100 DV HR Category Property Cut-Off Tonnes Ag (g/t) Ag oz Au (g/t) Au (oz) 80 Moz AgEq 60 Dolly Varden 150 g/t Ag 3,417,000 299.8 32,931,000 - - 40 Indicated Homestake 2.0 g/t AuEq 736,000 74.8 1,800,000 7.02 165,993 Ridge 20 Total 34,731,0

  15. Slide 15: Building Value for Investors

    BUILDING VALUE FOR INVESTORS Large, high-grade silver & gold resources SHAWN KHUNKHUN CEO & Director Rare advanced-stage silver & gold project in Canada O: 604.602.1440 Resource expansion and C: 604.374.5515 discovery potential E: sk@dollyvardensilver.com Provides investors leverage to precious meta

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