VANCOUVER, BC, April 4, 2023 – Vancouver, BC: Dolly Varden Silver Corporation (TSXV: DV) (OTC: DOLLF)
(the “Company” or “Dolly Varden“) announced today that it has filed a technical report for its Kitsault
Valley Project located in the Kitsault Valley region of British Columbia, entitled “Technical Report On The
Combined Kitsault Valley Project, British Columbia, Canada”, and dated effective September 28, 2022 (the
“Technical Report”). The Technical Report combines Dolly Varden’s previously separate Dolly Varden
silver and gold project and Homestake Ridge gold project and verifies the existing mineral resource
estimates making them Current under a single report.