Dolly Varden completes Kitsault Valley drill program

Executive Summary

• Dolly Varden Silver Corp. completed its 2025 diamond drill program on the Kitsault Valley project, totaling 56,131 meters in 84 drill holes.
• The program confirmed resource expansion via stepout and infill drilling at the Wolf and Homestake silver deposits and intersected new mineralization at various exploration targets, including the Big Bulk copper-gold porphyry project.
• The company engaged Orbiton Capital Corp. for marketing services under a $100,000 (U.S.) agreement for a 24-month term.

Key Details

• Drilling Program Scope: Total of 56,131 meters drilled in 84 holes.
• Property Allocation: Approximately 60% of the program was conducted on the Dolly Varden property and 40% on the Homestake Ridge property.
• Technical Methodology: Utilized directional drilling technology to precisely target stepout and infill holes at the Wolf and Homestake Silver deposits. The program used "mother holes" to drill multiple intersects of targeted mineralized zones in numerous "daughter holes" to increase efficiency and accuracy.
• Key Intersects:
  • Confirmed resource expansion through stepout and infill drilling at the Wolf and Homestake silver deposits.
  • Intersected new mineralization at numerous exploration targets throughout the Kitsault Valley.
  • Identified new mineralization at the Big Bulk copper-gold porphyry project.
• Management Commentary: CEO Shawn Khunkhun noted that early-season, high-grade, wide silver results from the Wolf vein justified expanding the 2025 drill program from 35,000 meters to 55,000 meters. He stated the team delivered safely and efficiently, strengthening conviction in growing Kitsault Valley's high-grade silver and gold potential.
• Next Steps: Fieldwork and core logging are complete; the company expects a steady cadence of updates as it integrates and releases assays.
• Marketing Agreement:
  • Provider: Orbiton Capital Corp. (San Francisco-based).
  • Services: Strategic advice, digital media, marketing services, media buying, distribution, and online media placements (including newsletters).
  • Consideration: $100,000 (U.S.) paid upfront.
  • Term: 24 months, extendable at the company's discretion.
  • Related Party Disclosure: A shareholder of Orbiton holds 20,000 stock options in Dolly Varden Silver (acquired via an unrelated consulting agreement), exercisable at $4 per share. Orbiton has no direct interest in the company's securities.
• Qualified Person: Rob van Egmond, PGeo, Vice-President, Exploration, reviewed and approved the scientific and technical information. He is not independent of the company per NI 43-101.

Notable Quotes

• "Early-season, high-grade, wide silver results from the Wolf vein backed up the expansion of the 2025 drill program from 35,000 metres to 55,000 metres at the Kitsault Valley with successful stepouts and exciting new mineralized zones gives us a clear line of sight on the next set of priorities. The team delivered safely and efficiently, and the work strengthens our conviction in growing Kitsault Valley's high-grade silver and gold potential. With fieldwork and core logging complete, expect a steady cadence of updates as we integrate and release assays." — Shawn Khunkhun, President and CEO