Independent Proxy Advisory Firms, Including ISS, Recommend Dolly Varden Shareholders Vote "FOR" Proposed Plan of Arrangement with Contango Ore, Inc.; Shareholders Reminded to Vote

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Independent Proxy Advisory Firms, Including ISS, Recommend Dolly Varden Shareholders Vote "FOR" Proposed Plan of Arrangement with Contango Ore, Inc.; Shareholders Reminded to VoteYour vote is important. Vote well in advance of the proxy voting deadline on Friday, March 13, 2026 at 10:00 a.m. (Vancouver time).Shareholder questions or need voting assistance? Please contact Laurel Hill Advisory Group by email at [email protected], or by texting "INFO" to, or calling, 1-877-452-7184 (North American toll-free) or 1-416-304-0211 (outside North America).Vancouver, British Columbia--(Newsfile Corp. - March 9, 2026) - Dolly Varden Silver Corporation (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) ("Dolly Varden" or the "Company") is pleased to announce that two leading independent proxy advisory firms, including Institutional Shareholder Services ("ISS"), have recommended that shareholders vote "FOR" the special resolution (the "Arrangement Resolution") to approve the Company's court-approved plan of arrangement (the "Arrangement") with Contango ORE, Inc. ("Contango") and a wholly-owned subsidiary of Contango ("Acquireco"), all in accordance to the terms of an arrangement agreement between Dolly Varden, Contango and Acquireco dated December 7, 2025, as amended and restated on February 11, 2026 (the "Arrangement Agreement").The special meeting of shareholders of Dolly Varden to consider and vote on the Arrangement is scheduled for March 17, 2026 at 10:00 a.m. (Vancouver time) at Stikeman Elliott LLP, 666 Burrard Street, Vancouver, British Columbia (the "Meeting").Under the Arrangement, each Dolly Varden common share (a "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) 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.ISS RecommendationISS recommends that Dolly Varden shareholders vote FOR the Arrangement Resolution.Shawn Khunkhun, President and Chief Executive Officer of Dolly Varden, commented: "We are pleased that leading independent proxy advisory firms have recognized the strategic merits of this transaction. Their analysis highlights the comp...

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