Dolly Varden Receives Shareholder Approval for Merger with Contango Ore

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Dolly Varden Receives Shareholder Approval for Merger with Contango OreDolly Varden shareholders overwhelmingly approve proposed merger of equals with Contango ORE, Inc.Dolly Varden sets election deadline for exchangeable share election of March 24, 2026Contango stockholders have also approved the mergerVancouver, British Columbia--(Newsfile Corp. - March 17, 2026) - Dolly Varden Silver Corporation (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) ("Dolly Varden" or the "Company") is pleased to announce that the Company's shareholders have overwhelmingly approved its previously announced merger of equals with Contango ORE., Inc. ("Contango") at a special meeting of shareholders held earlier today (the "Meeting").At the Meeting, Company shareholders approved the acquisition of all the issued and outstanding common shares of Dolly Varden (the "Dolly Varden Shares") by 1566004 B.C. Ltd, a wholly owned subsidiary of Contango ("Acquireco"), pursuant to a court approved plan of arrangement initially announced on December 8, 2025 (the "Arrangement"). The special resolution approving the Arrangement was approved by 98.78% of the votes cast by Dolly Varden shareholders present in person or represented by proxy at the Meeting.Under the Arrangement, each Dolly Varden Share will be exchanged for 0.1652 of a share of voting common stock in Contango (each whole share being, a "Contango Share"), or, for Eligible Holders (as such term is defined in the Arrangement Agreement, as defined below) who validly elect, 0.1652 of an exchangeable share in the capital of Acquireco (each whole share being, an "Exchangeable Share"), in each case subject to the terms and conditions of the arrangement agreement dated December 7, 2025, as amended February 11, 2026, between the Company, Contango and Acquireco (the "Arrangement Agreement"). For further information on the Arrangement, please refer to the Company's management information circular prepared in respect of the Meeting and the Arrangement Agreement which is available under the Company's profile on SEDAR+ (www.sedarplus.ca).The Arrangement remains subject to approval of the British Columbia Supreme Court (the "Court") and the satisfaction of other customary conditions. The Court hearing for the final order to approve the Arrangement is currently scheduled to take place on March 23, 2026, and closing of the Arrangement is expected follow...

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