British Columbia, Canada TSX.V : DV OTCUS : DOLLF August 10, 2017 - - PowerPoint PPT Presentation

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British Columbia, Canada TSX.V : DV OTCUS : DOLLF August 10, 2017 - - PowerPoint PPT Presentation

Exploring for Precious Metals in the Golden Triangle Region, British Columbia, Canada TSX.V : DV OTCUS : DOLLF August 10, 2017 TSX.V : DV U.S. : DOLLF 1 Forward Looking Information This presentation may contain forward-looking


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Exploring for Precious Metals in the Golden Triangle Region, British Columbia, Canada

August 10, 2017

TSX.V : DV  OTCUS : DOLLF

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Forward Looking Information

This presentation may contain forward-looking statements that are not historical facts. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; the timing and costs of future exploration activities on Dolly Varden Silver Corporation (“Dolly Varden”) properties; success of exploration activities; permitting timelines and requirements; requirements for additional capital; environmental requirements; planned exploration and development of properties and the results thereof; planned expenditures and budgets and the execution thereof. Often, but not always, forward-looking statements can be identified by the use of words such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,” “might,” “will”, “budget”, “scheduled”, “forecasts”, “anticipates”, “potential”, “base case” or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward looking statements or information relates to, among other things, Dolly Varden’s corporate strategies, mineral resource estimates and plans for further exploration, which will require additional funding. These forward-looking statements are based on management’s current expectations and beliefs (including the belief in the accuracy of the resource estimate) but given the uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward-looking statements or information. Information in this presentation is not intended to be a comprehensive review of all matters and developments concerning Dolly Varden and Dolly Varden does not assume any obligation to update, or to publicly announce, any such statements, events or developments, except as required by law. For additional information on risks and uncertainties, see Dolly Varden’s most recently filed annual management discussion & analysis (“MD&A”), which is available on SEDAR at www.sedar.com and on Dolly Varden’s website at www.dollyvardensilver.com. The risk factors identified in the MD&A are not intended to represent a complete list of factors that could affect Dolly Varden.

Compliance with NI 43-101

The technical information in this website (the "Technical Information") has been approved by Ben Whiting, P.Geo., V.P. of Exploration of Dolly Varden and a Qualified Person. For For rea readers ders to to unders derstand the he inform formation

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ed therei erein. Some of the mineral resources at the Dolly Varden Property are categorized as indicated and some as inferred mineral resources. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates include inferred mineral resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to measured and indicated categories through further drilling,

  • r into mineral reserves, once economic considerations are applied.
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Overview

  • Dolly Varden Silver

er Corp rp, is exploring for high-grade silver, gold and base metals in the prolific Golden Triangle District, northwestern British Columbia, Canada.

  • The company's flagship asset is the 100% owned

Dolly Varden Project, an 8,800 hectare property, hosting a high-grade silver resource, with expansion potential and multiple regional exploration showings.

  • The current resources as of August 2015 are

Indi dicated d Resour urce ces s of 3.07 M tonne nes, , gradi ding ng 322 g/t Ag f for 31. 1.8 8 million

  • n ounces

es silver er, , plus us Inferre erred d Resour urces ces of 0.90 M tonne nes, , grading 373 g/t Ag for 10.8 8 million n ounces es silver er.

  • Property-wide exploration programs continue to test

regional target concepts and known mineralized showings and deposits.

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Capital Structure Share Structure

Issued 37,036,092 Warrants (avg. price $0.40) 5,892,550 Options (avg. price $0.71) 3,470,000 Fully Diluted Shares 46,398,642

Notable Shareholders

US Global Hecla Canada Ltd. Sprott Asset Management 15% 12% 8%

  • Avg. Daily Vol. (12 Wks)

35,177 52-Week High $0.98 52-Week Low $0.45 Current Price $0.59 Current as of August 10, 2017

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Team

Management

Gary Cope

President, CEO & Director

Ben Whiting, P.Geo.

Vice President - Exploration

Rob van Egmond, P.Geo.

Chief Geologist

Stephen Brohman, CPA, CA

Chief Financial Officer

Alex Tsakumis

Vice President – Corp Development

Steve Cope

Senior Director Business Development

Melissa Martensen

Corporate Secretary

Directors

Darren Devine

Chairman

Annette Cusworth

Director

Don Birak

Director

Jim Sabala

Director

Tom Wharton

Director

TechnicalAdvisors

Kurt Allen, P.Geo. Art Freeze, P.Geo. Dale Brittliffe, P.Geo.

  • Dr. Nick Carter, P.Eng.
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The Importance of Location

Within the Eskay Rift and “Golden Triangle District”

  • A Regional, precious and base-

metal mineral belt

  • Prolific district historic

production

  • Numerous precious metal

deposits including Eskay Creek and Brucejack (Valley of the Kings)

  • Comparable stratigraphy,

structure and alteration on Dolly Varden as these world-class deposits.

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Infrastructure

  • 8,800 hectare wholly-owned land

position (subject to 2% NSR)

  • 25km from deep tide-water port
  • Historic road access
  • 30 km from power grid
  • Hydro project located on property
  • Federal and Provincial treaties with

Nisga’a First Nation

  • Four known deposits on Dolly

Varden

  • >20 million ounces of past high-grade

silver production (in 1920’s & 1950’s)

  • >7 km of underground workings at

historic mines

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Maiden Mineral Resource Estimate

Category Deposit Tonnes Silver

(g/t Ag)

Silver oz

(contained)

INDICATED

Torbrit 1,913,000 251.4 15,460,000 Dolly Varden 522,000 625.1 10,490,000 Wolf 402,000 296.6 3,834,000 North Star 236,000 262.8 1,994,000 Total 3,073 73,00 ,000 321.6 .6 31, 1,778,00 8,000

INFERRED

Torbrit 845,600 373.0 10,140,000 Dolly Varden 38,600 434.2 539,000 Wolf 9,500 230.6 70,000 North Star 4,800 223.6 35,000 Total 898,50 ,500 373.3 .3 10,784,000

1. Effective August 27, 2015 by Giroux Consultants Ltd. 2. 150 grams of silver per tonne (g/t Ag) cutoff grade 3. Mineral resources that are not mineral reserves have not demonstrated economic viability. Please refer to the company’s updated Technical report filed on www.sedar.com for further details.

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Maiden Mineral Resource Estimate

Room to Grow

  • Zinc and lead contents, known to exist in the deposits, were not

included in the mineral resource estimate due to sparsity of lead and zinc assay data (not assayed in pre-2011 drill holes).

  • Specific gravity (SG) data was also very conservatively modeled due to

sparsity of data. Known presence of barite and sulfides will likely result in higher SG of rock, resulting in greater tonnage.

  • Significant volumes of historic (non-compliant) resource estimate were

not included in the current estimate due to lack of modern data. Further drilling will allow adding this material to future resource estimates.

  • Deposits are open along strike and down dip in some areas.

Please refer to the Company’s updated Technical Report filed on www.sedar.com for further details. The Qualified Person for this mineral resource estimate is G.H. Giroux, M.A.Sc., P.Eng., who prepared the mineral resource estimate in compliance with the standards of National Instrument 43-101. Mr. Giroux is independent of the Company.

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3D Conceptual Geological Model

  • DV property contains the same depositional host rocks as the Eskay Creek deposit.
  • Hazelton Group rocks are gently folded and exhibit strong hydrothermal alteration

(Sodium depletion and Potassium enrichment).

  • Both VMS (volcanogenic massive sulfide) and epithermal vein deposits are proven to

exist.

  • Silver present as native silver and lead or zinc sulphide species.
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Progress of the 2017 Program

  • Exploration camp construction and site preparation started on schedule

in May and the diamond drilling started on the 7th of June 2017. Dolly Varden was the first company to start drilling this season in the region.

  • Numbering of holes started with DV17-036 to continue the numbering

pattern sequence.

  • The original program called for 5,000 metres, which would be completed

in August. Due to exceptionally efficient drilling by Ominica, some shifts exceeding 130 m, the 5,000 metres mark was achieved in July.

  • 8 holes

les drilled in the Torbri brit Deposit

  • sit Ar

Area a (completed)

  • 9 holes

les drilled in the Dolly y Varden den Deposi

  • sit

t Ar Area (completed)

  • 4 holes

les drilled in the Gold d Zon

  • ne

e (Copper pper Cliff) f) Ar Area (completed)

  • 7 holes

les being drilled in the Centra ntral Sector

  • r Ar

Area (under way)

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Progress of the 2017 Program cont.

  • Results of the first 4 drill holes, DV17-036

036 to 039 039 in the Torbrit Deposit Area, were released on 26th July 2017. These holes were drilled in the Northwest end of the deposit.

  • Results of the second 4 drill holes, DV17-040

040 to 043 043 in the Torbrit Deposit Area, were released on 9th Aug 2017. These holes were drilled mainly in the southeast end of the deposit.

  • Hole DV17-039 yielded two mineralized intercepts. The Lower Zone core

length of 15.00 .00 m (12.7 .72 2 m true) ue) grading ing Ag 172.4 2.4 g/t, , Pb Pb 0.69 9 % and Zn 0.81 1 % for a s silver er-eq equivalen lent t of 244.4 4.4 g/t.

  • Hole DV17-040 yielded two mineralized intercepts. The Lower Zone core

length of 12.55 55 m m (9.89 89 m true) ue) grading ding Ag 514.3 4.3 g/t, , Pb Pb 0.09 9 % and Zn 0.04 04 % for r a silver er-eq equi uivalen lent t of 520.2 0.2 g/t.

  • Additional holes are in progress in the lab, prep, shipping, cutting or

logging stations.

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Highlights from DV17-036 to 043

Hole Zone From (m) To (m) Core (m) True (m) Ag (g/t) Pb (%) Zn (%) Ag-Eq (g/t)

DV17-037 Upper 142.80 154.60 11.80 8.34 85.4 0.67 1.32 183.5 includes 145.80 149.40 3.60 2.55 170.2 0.63 1.01 250.2 DV17-039 Upper 116.75 127.95 11.20 9.98 97.6 0.41 1.25 180.9 Lower 150.30 165.30 15.00 12.72 172.4 0.69 0.81 244.4 includes 151.30 157.30 6.00 5.09 355.3 1.63 1.30 493.1 DV17-040 Lower 187.50 200.05 12.55 9.89 514.3 0.09 0.04 520.2 includes 192.50 199.50 7.00 5.52 757.4 0.12 0.05 765.1 DV17-042 Lower 202.00 213.70 11.70 8.27 204.3 0.11 0.07 212.7 includes 208.55 210.68 2.13 1.51 598.8 0.07 0.05 604.5

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Additional Highlight

  • Ex

Explora

  • rati

tion

  • n drilling

ing in the e Centr ntral al Sector

  • r, betw

etween n the e Torbr rbrit it Deposi

  • sit

t Ar Area and the e Wolf lf Deposi

  • sit

t Ar Area has lead to the e clear ar identi entific icat ation ion of thick ck inter ervals ls of the e DVTH H (Doll lly y Varden den-Torbri

  • rbrit Horizon)

zon) north th of Torbr rbrit it. .

  • Hole DV17-058

58 intercept is located about 200 metres north of and 200 metres deeper than the north side and bottom of the Torbrit Deposit.

  • Hole DV17-057 intercept is located 300 metres northwest of and about

100 metres shallower than DV17-058.

  • The new discovery warrants exploration drilling follow-up to determine
  • rientations and supports further drilling northward in the sector.
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Mine and Central Sectors Drilling

  • Location of

DV17-057 and DV17-058 intercepts relative to the Torbrit Deposit.

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Drill Hole DV17-058

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Torbrit vs DV17-058

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Drill Hole DV17-058

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Exploration

Regional Exploration

  • Kitsol

tsol epithermal vein: 25.95m grading 712 g/t Ag

  • Ac

Ace-Galena na VMS horizon:

  • 3.25m grading 406 g/t Ag (within 65.5m

grading 60 g/t Ag)

  • Ac

Ace Galena epithermal vein: 3.15m grading 591 g/t Ag.

  • Lithologies and alteration assemblage of

the Ace-Galena Trend comparable to those in known deposits on the property.

  • Surface strike of alteration extends over 18

km, with only 10% having been tested.

  • Torbrit

rit-st style mine nera ralizati ation n disco scovered red north th

  • f the Torbri

rit Mine ne.

  • The Gold Belt alteration and geochemistry

trend aligns with the Homestake Ridge of Auryn Resources.

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Big Bulk Cu-Au Prospect

  • In addition to the Dolly Varden Property, Dolly

ly Varden den Silver er Corp rp, also

  • wns the Big Bul

ulk Copp pper er-Gold Gold Prosp spect ect, located 10 km to the southeast along the south shore of Kinskuch Lake.

  • Big Bulk consists of 7 mineral claims for 2,640 hectares. It is

surrounded by the very large Kinskuch Project of Hecla Mining Limited.

  • Big Bulk is in alkali porphyritic rocks of the Hazelton Group, with altered

quartz monzonite intrusives. Analogues for Big Bulk are the Sulphurets, KSM (Seabridge) and Red Mountain (IDM Mining) deposits.

  • Intermittent exploration programs have taken place over several
  • decades. Short historic drilling programs have been conducted. Hole

AGA-01 yielded 0.31 % Cu over 54 m from 67 to 121 m, plus 4.0 g/t Au

  • ver 10 m from 427 to 437 m.
  • An airborne geophysical survey has been flown in 2017 by Geotech.
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Big Bulk Cu-Au Prospect

  • A ground geophysical

survey consisting of 5 lines

  • f Induced Polarization (IP)

was conducted over the Big Bulk Prospect in 2009.

  • A chargeability anomaly

was detected and the pattern is interpreted as a porphyry target, which is

  • pen to the east.
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Big Bulk Cu-Ag Prospect

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Community Relations

  • Meetings have commenced

with the First Nation “Nisga’a Lisims Government” and their business representatives to insure local employment involvement in the Dolly Varden projects.

  • The Nisga’a have the only

formal treaty in BC signed with the Government of Canada

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Market Comparables

Company Location Total AgEq oz Grade Shares F/D Price F/D M Cap Per oz ALEXCO RESOURCE CORP Canada 67,300,000 337 105,000,000 $1.74 $182,700,000 $2.71 DEFIANCE SILVER Mexico 17,900,000 192 95,300,000 $0.34 $32,402,000 $1.81 KOOTENAY SILVER Mexico 179,000,000 55 244,000,000 $0.24 $58,560,000 $0.33 SILVER BEAR Russia 78,100,000 900 172,000,000 $0.27 $46,440,000 $0.59 BRIXTON METALS Canada 21,500,000 90 59,000,000 $0.35 $20,650,000 $0.96 AVERAGE $1.28 DOLLY VARDEN Canada 42,600,000 333 46,398,000 $0.59 $27,374,820 $0.64

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Steel Rails and Silver Dreams

A poem by D.E. Muralt on the early days of the Dolly Varden Mine.

  • It’s a place of steel rails and silver dreams
  • And miner’s wildest get-rich schemes come true
  • It’s a place with wild rivers raging
  • And glaciers cold and icy blue
  • It’s a place where the snows lie deep in winter
  • And the rains fall hard in spring
  • Where the land is ruled by the grizzly
  • And in the sky the eagle’s king
  • It’s a place of steel rails and silver dreams
  • And man’s unbroken will
  • And a silver hoard’s still waiting there
  • At the Dolly Varden Hill
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Conclusion: Undervalued

  • Robust mineral resource
  • Expansion potential of resource
  • Confirmed VMS and Epithermal

systems property wide

  • Encouraging exploration

discoveries

High Grade The Right Location Experienced Management

  • 25km from deep tidewater and

power via historic road

  • On Golden Triangle and Eskay Rift

– prolific production

  • Mineralization styles of Eskay

Creek and Brucejack

  • Excellent exploration upside
  • 46 million shares outstanding
  • Cash in bank and no debt
  • Frugal corporate burn rate
  • Experienced management and

board

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Contact

GARY COPE PE

President, CEO & Director 604-687-8566

BEN WHITI TING, G, P.Geo Geo.

Vice President – Exploration 604-687-8566

LEARN MORE

www.dollyvardensilver.com

ALEX X TSAKUMIS UMIS

Vice President – Corporate Development 604-687-8566