Dolly Varden Silver Drills 56,131 Meters in 84 Drill Holes on the 2025 Kitsault Valley Exploration Program

Executive Summary

• Completed the 2025 diamond drill program on the Kitsault Valley Project, logging 56,131 m in 84 holes, confirming resource expansion at the Wolf and Homestake silver deposits and intersecting new mineralization across multiple targets.
• The program delivered high‑grade, wide‑zone silver results from the Wolf Vein, supporting step‑out and infill drilling that enhances the project's near‑term development outlook.
• Entered a marketing services agreement with Orbiton Capital Corp., paying $100,000 USD upfront for a 24‑month term to provide strategic advice and digital media services.

Key Details

• Drilling Scope: 56,131 m total; 84 drill holes; ~60 % on Dolly Varden property, ~40 % on Homestake Ridge property.
• Wolf Vein Results: Early‑season high‑grade, wide silver intercepts (specific assay values not disclosed) that justified expanding the program from 35,000 m to 55,000 m.
• Exploration Targets: Step‑out and infill drilling at Wolf and Homestake Silver deposits; new mineralized zones identified throughout Kitsault Valley and the adjacent Big Bulk copper‑gold porphyry project.
• Technology Used: Directional drilling with a “mother hole” feeding multiple daughter holes, improving efficiency and accuracy over prior programs.
• Future Plans: Core logging complete; company will integrate assay results and issue updates on resource estimates in the coming weeks.
• Marketing Services Agreement:
• Counterparty: Orbiton Capital Corp., San Francisco, CA.
• Term: 24 months (option to extend at Dolly Varden’s discretion).
• Fee: $100,000 USD paid upfront; no performance‑based compensation or additional stock options granted to Orbiton under the agreement.
• Related Equity Option: A shareholder of Orbiton holds 20,000 Dolly Varden common share options at $4.00 per share (unrelated to the marketing agreement).
• Qualified Person: Rob van Egmond, P.Geo., Vice‑President Exploration, reviewed and approved all scientific and technical information in the release (NI 43‑101 qualified).

Notable Quotes

“Early season high‑grade, wide silver results from the Wolf Vein backed up the expansion of the 2025 drill program… The work strengthens our conviction in growing Kitsault Valley’s high‑grade silver and gold potential.” – Shawn Khunkhun, President & CEO.