May 7, 2025 - Dolly Varden Silver Corporation (TSXV: DV) (NYSE American: DVS) (the "Company" or "Dolly Varden") is pleased to announce plans for the fully funded 2025 exploration drilling program at its 100% owned Kitsault Valley Project. The aggressive drill program planned for the Kitsault Valley Project located in the newly emerging southern Eskay Rift sub-basin in northwest BC's Golden Triangle, will consist of a minimum planned 35,000 meters of diamond drilling building on the success of the 2024 program. Drilling will focus on expanding high-grade mineralization at the Wolf and Homestake Silver deposits and will follow up on promising results from numerous exploration targets including Red Point and Moose. The program will also include deep drilling at the Big Bulk copper-gold porphyry target. Drilling will commence in mid-May with four rigs expected to be active throughout the season.

"We are following up on some of the strongest silver and gold intercepts we've seen to date as we grow the known deposits, while also targeting new areas with district-scale potential," said Shawn Khunkhun, President and CEO of Dolly Varden Silver. "The goal for 2025 is to grow the resource base and continue demonstrating the scale of the Kitsault Valley Project."