Dolly Varden Intercepts 15 Metres Grading 244 g/t Silver-Equivalent, Including 6 Metres Grading 493 g/t, in the Torbrit Deposit Area

Dolly Varden Silver Corporation (TSX.V: DV | U.S.: DOLLF)(the Company or Dolly Varden) is pleased to announce results from the first four holes of the 2017 diamond drilling program on the Dolly Varden Silver Project in the Golden Triangle of northwesternBritish Columbia.

Hole DV17-039 yielded two mineralized intercepts:

• The Upper Zone consisted of a core length of 11.20 m (9.98 m true thickness) grading Ag 97.6 g/t, Pb 0.41 % and Zn 1.25 % for a silver-equivalent of 180.9 g/t. Within this Upper Zone interval is 1.95 m (1.74 m true thickness) grading Ag 182.6 g/t, Pb 1.05 % and Zn 1.66 % for a silver-equivalent of 314.5 g/t.
• The Lower Zone consisted of a core length of 15.00 m (12.72 m true thickness) grading Ag 172.4 g/t, Pb 0.69 % and Zn 0.81 % for a silver-equivalent of 244.4 g/t. Within this Lower Zone interval is 6.00 m (5.09 m true thickness) grading Ag 355.3 g/t, Pb 1.63 % and Zn 1.30 % for a silver-equivalent of 493.1 g/t.

The 2017 exploration program will consist of over 5,000 metres of diamond drilling in about 25 to 30 drill holes, with two-thirds allocated to resource validation and expansion and one-third allocated to reconnaissance drilling on targets beyond the current resource estimates.

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