Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) - Dolly Varden Silver Corporation (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) (the "Company" or "Dolly Varden") is pleased to announce that it has closed its previously announced bought-deal private placement for aggregate gross proceeds to the Company of $33,973,000, including the full exercise of the over-allotment option, pursuant to which Dolly Varden sold:2,906,000 common shares of the Company ("Common Shares") at a price of $6.50 per Com ...

Core Insights - Dolly Varden Silver Corporation has completed its 2025 diamond drill program at the Kitsault Valley Project, totaling 56,131 meters across 84 drill holes, confirming resource expansion and intersecting new mineralization [1][2][3] Group 1: Drill Program Details - The 2025 drill program was expanded from 35,000 meters to 55,000 meters due to early season high-grade results from the Wolf Vein, indicating strong potential for resource growth [2] - Approximately 60% of the drilling was conducted on the Dolly Varden property, while 40% was on the Homestake Ridge property, utilizing directional drilling technology for improved targeting and efficiency [3] Group 2: Marketing and Strategic Partnerships - Dolly Varden Silver has engaged Orbiton Capital Corp. for marketing services, including strategic advice and digital media, under a 24-month agreement for $100,000 USD [4][5] - Orbiton is considered an arm's length party and does not currently hold any direct interest in the Company, although a shareholder of Orbiton holds stock options for 20,000 shares of the Company [5] Group 3: Company Overview - Dolly Varden Silver Corporation focuses on the Kitsault Valley Project, which includes the Dolly Varden and Homestake Ridge Projects, located in British Columbia's Golden Triangle, an area known for high-grade silver and gold resources [8] - The Kitsault Valley Project encompasses approximately 100,000 hectares and includes five past-producing high-grade silver mines, indicating significant exploration potential [8]

Core Viewpoint - Dolly Varden Silver Corporation has entered into an agreement with underwriters for a total gross proceeds of $30,034,000 through a combination of securities offerings [1][2]. Group 1: Offering Details - The LIFE Offering will consist of Common Shares and CFT Shares, generating gross proceeds of $15,084,000, contributing to the total gross proceeds of $30,034,000 [2]. - The underwriters have an option to increase the size of the offerings by up to 15% to cover overallotments, exercisable up to 2 business days before closing [2]. - The offerings are expected to close around October 23, 2025, pending necessary regulatory approvals from the TSX Venture Exchange and NYSE American [4]. Group 2: Use of Proceeds - Net proceeds from the sale of Common Shares will be allocated for working capital and general corporate purposes [3]. - Gross proceeds from CFT Shares and FT Shares will be directed towards exploration, mineral resource expansion, and drilling at the Kitsault Valley project, along with working capital as permitted [3]. Group 3: Share Details - The offerings include 2,300,000 Common Shares at $6.50 each, 750,000 CFT Shares at $9.42 each, and 990,000 FT Shares at $8.10 each [8]. - FT Shares will be offered to accredited investors with a statutory hold period of four months and one day from closing [6]. Group 4: Existing Agreements - Hecla Canada Ltd. and Fury Gold Mines Ltd. have the right to acquire Common Shares at $6.50 each to maintain their pro rata equity interests in the Company [7].

Core Insights - Dolly Varden Silver Corporation reported a significant gold intercept from a step-out drill hole at the Homestake Silver deposit, with hole HR25-456 intersecting 3.34 g/t Au over 120 meters, including high-grade intervals of 216 g/t Au over 0.52 meters and 166 g/t Au over 1.3 meters [1][3][4] Drill Results - The drill hole HR25-456 is a 45-meter step-out from previous holes, confirming continuity and growth potential outside of current mineral resources [1][5] - Approximately 40% of the 2025 drill program, totaling 55,000 meters, is focused on expanding and infilling high-grade gold mineralization at the Homestake Silver Deposit [1][4] Geological Context - The Homestake Ridge deposits are characterized as structurally controlled, multi-phase epithermal vein stockwork and vein breccia systems hosted in Jurassic Hazelton volcanic rocks, with mineralization consisting of pyrite, galena, and sphalerite, along with visible gold [10][11] - Recent drilling indicates a shift towards a gold-rich system, with a shallow north plunging dilation zone defined by a wide mineralized interval and increased frequency of high-grade gold veins [11] Future Exploration - The ongoing drill program includes five diamond drills targeting high-grade gold mineralization and testing areas outside the current resource [4][5] - Additional results from various exploration targets, including the Wolf Vein silver mineralization extension and Big Bulk copper-gold porphyry system, will be reported as assays are received [4]

Core Viewpoint - Dolly Varden Silver has reported significant high-grade silver results from its Wolf Vein drilling, indicating strong mineralization and continuity, which may enhance the company's growth potential in the silver and gold markets [1][3][11]. Company Developments - Dolly Varden Silver announced a silver intersection of 1,422 g/t over 21.70 meters in drill hole DV25-446, with a peak of 10,700 g/t over 1.00 meter [1][2]. - The company has expanded its land package significantly, increasing from 7,000 hectares to 100,000 hectares, and its market capitalization has surged from $20 million to $460 million [13]. - The ongoing drilling campaign is estimated at 55,000 meters, with actual new core expected to be around 41,000 meters due to the use of directional drilling technology [8][9]. Exploration and Drilling Technology - Directional drilling technology is being utilized to enhance efficiency and precision in targeting mineralized areas at both the Wolf and Homestake Silver sites [7][9]. - The company has successfully implemented real-time data logging and communication through satellite internet, improving operational efficiency [5]. Market Context - The rising gold prices are positively impacting Dolly Varden's inventory value, with a current estimated 50/50 split between silver and gold [10][11]. - The silver price has recently surpassed USD 40 per troy ounce, influenced by the increase in gold prices, which may further benefit the company's valuation [11]. Future Outlook - Additional drilling at the Wolf Vein is prioritized for the remainder of the season, with expectations of continued high-grade results [3][14]. - The company is focusing on step-out and infill drilling at key projects, including the Kitsault Valley and Big Bulk Projects, with more results anticipated [14].

Vancouver, BC – TheNewswire - July 28, 2025 – Global Stocks News - Sponsored content disseminated on behalf of Dolly Varden Silver. On July 24, 2025 Dolly Varden Silver (TSXV: DV) (NYSE American: DVS) (FSE: DVQ) announced that it has increased the previously announced 35,000-meter drill program to 55,000 meters. Additionally, DV is drilling systematic step-outs at the Wolf Vein. Alteration and structural studies suggest that vein mineralization at Wolf is becoming increasingly robust towards the southwest. ...

Core Viewpoint - Dolly Varden Silver Corporation has expanded its 2025 drilling program from 35,000 meters to 55,000 meters, focusing on the Wolf vein extension and other exploration targets in the Kitsault Valley and Big Bulk Projects [1][2]. Drilling Program Expansion - The company has completed approximately 17,000 meters of drilling, prioritizing exploration targets at Moose, Chance, and Red Point Prospects [3]. - A fifth drill rig has been added to the project, with two rigs focused on the Wolf vein and two others at the Homestake Silver deposit [4]. Geological Work and Future Plans - The geological team has intensified fieldwork, including mapping and sampling of underexplored areas, covering a total of 100,000 hectares of prospective Hazelton formation rocks [5]. - This geological work aims to develop drill targets for late 2025 and 2026 exploration programs [5]. Drilling Strategy - The company is implementing a more precise drilling strategy by utilizing directional drilling, which allows for fewer total meters drilled while achieving the same number of mineralized intercepts [8]. - The estimated 55,000 meters includes re-drilled mother hole lengths, with actual new core expected to be around 41,000 meters [8]. Company Overview - Dolly Varden Silver Corporation is focused on advancing its 100% held Kitsault Valley Project, which includes the Dolly Varden and Homestake Ridge Projects, located in British Columbia's Golden Triangle [10][11]. - The Kitsault Valley Project is considered prospective for hosting further precious metal deposits and includes the Big Bulk property, which is prospective for copper and gold mineralization [11].