Dolly Varden Silver Announces Latest Drill Hole Results

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

• Hole DV17-040 – Lower Zone consisted of a core length of 12.55 m (9.89 m true thickness) grading Ag 514.3 g/t, Pb 0.09 % and Zn 0.04 % for a silver-equivalent of 520.2 g/t. Within this Lower Zone interval is 7.00 m (5.52 m true thickness) grading Ag 757.4 g/t, Pb 0.12 % and Zn 0.05 % for a silver-equivalent of 765.1 g/t.
• Hole DV17-042 – Lower Zone consisted of a core length of 11.70 m (8.27 m true thickness) grading Ag 204.3 g/t, Pb 0.11 % and Zn 0.07 % for a silver-equivalent of 212.7 g/t. Within this Lower Zone interval is 8.72 m (6.17 m true thickness) grading Ag 249.1 g/t, Pb 0.10 % and Zn 0.06 % for a silver-equivalent of 256.5 g/t.

The Torbrit Deposit is interpreted as a northwestward plunging synform. The three holes DV17-040 to 042 are located on the southeastern edge of the Torbrit Deposit and fill a gap in the drilling. The deposit is still open to the southeast.
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