Dolly Varden Silver Corporation

Dolly Varden Silver — Investor Presentation (November 2022)

15 slides from Dolly Varden Silver's investor presentation, Nov 21, 2022

  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, Advisors

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

  5. Slide 5: Capital Structure

    CAPITAL STRUCTURE CAPITALIZATION SHAREHOLDERS SHARES OUTSTANDING 230 M 10% OPTIONS 12 M Hecla 8% 26% FULLY-DILUTED 242 M Retail MARKET CAP $150 M CAD Fury 11% CASH $7.5 M CAD Sprott $US Market Cap./Total AgEq oz 0.75/oz AgEq $USD As of November 21st, 2022 45% ANALYST COVERAGE Institutional (target $

  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: 2022 Exploration Program

    2022 Exploration Program TSX-V: DV OTCQX: DOLLF 8

  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 TSX-V: DV OTCQX: DOLLF 11

  12. Slide 12: Homestake Longitudinal Section

    HOMESTAKE LONGITUDINAL SECTION Homestake Silver strike extention Homestake Main strike extention TSX-V: DV OTCQX: DOLLF 12

  13. Slide 13: 2022 Exploration Overview

    2022 EXPLORATION OVERVIEW 2022 Exploration drilling 50% to Resource Expansion and Upgrade at Homestake and Torbrit 50% to New Discoveries along the Kitsault Valley trend • Completed an expanded program of 37,000 m in 108 drillholes • Results for 50 drill holes pending from Homestake Ridge and Dolly

  14. Slide 14: Mineral Resource Estimate

    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

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