Dolly Varden - DOLLF STOCK NEWS

Dolly Varden Silver Corporation completes sale of 15,384,616 common shares to Hecla Canada Ltd. for $10 million, increasing Hecla's shareholding to 15.7%. No bonuses or commissions were paid. Restrictions on future financings agreed upon. $6 million of proceeds to be used for exploration in Kitsault Valley project.

Dolly Varden Silver Corporation has entered into a Subscription Agreement with Hecla Canada Ltd. for a strategic investment. Hecla will subscribe for 15,384,616 common shares at a price of $0.65 per share, raising $10 million. This will increase Hecla's shareholding in Dolly Varden to 15.7% from 10.6%.

Dolly Varden Silver Corporation announces drill results from the Wolf Vein, including high-grade silver mineralization. Drill hole DV23-368 intersected 1,898 g/t Ag over 1.00 meter within 381 g/t Ag over 29.34 meters. The drilling extends the length of potentially underground bulk-mineable mineralization plunge to over 950 meters. Ongoing drilling continues to expand the mineralization. The company has completed over 43,000 meters of the 55,000 meter drill program at the Dolly Varden and Homestake Ridge areas.

Dolly Varden Silver Corporation announces positive initial drill results from expansion drilling at Kitsol and Torbrit as part of the 2023 exploration program. A fifth drill has been mobilized to site and the program has been expanded by approximately 10,000m to 55,000m of drilling. Over 70 drill holes have been completed to-date this season.

Dolly Varden Silver Corporation (DOLLF) announced the start of a significant exploration program at its Kitsault Valley Project in British Columbia, aiming to upgrade Inferred Mineral Resources and discover new silver and gold mineralization. With a treasury of $25 million, the company is mobilizing three drill rigs for a 30,000-meter drilling program. The project currently has Indicated Resources of 34.7 million ounces of silver and 166,000 ounces of gold, with a focus on expanding these resources. The company is also collaborating with the Nisga'a Nation for ongoing development efforts.

Dolly Varden Silver Corporation (DOLLF) announces changes to its board of directors following the acquisition of the Homestake Ridge gold-silver project from Fury Gold Mines Ltd. This acquisition enhances Dolly Varden's resource base, boosting its market cap and treasury. New board members include Tim Clark, CEO of Fury, and Michael Henrichsen, SVP Exploration of Fury, bringing extensive experience to the company. The company also grants 3,975,000 stock options at $0.79 per share, which will expire in five years.

Dolly Varden Silver Corporation (OTC: DOLLF) announced a $5.3 million investment from Hecla Canada Ltd. alongside the acquisition of the Homestake Ridge gold-silver project. This investment allows Hecla to maintain its pro-rata equity interest by purchasing 9,048,539 common shares. The combined Dolly Varden and Homestake Ridge projects will enhance the Kitsault Valley Project, known for high-grade precious metals. This strategic move positions the company within a highly prospective region of British Columbia.

Dolly Varden Silver Corporation has announced the approval of the acquisition of Homestake Resource Corporation from Fury Gold Mines Limited, with 98.8% of shareholders voting in favor at a special meeting. This acquisition positions Dolly Varden to create a significant high-grade precious metals asset in British Columbia's Golden Triangle. The transaction is subject to customary closing conditions and is expected to complete around February 25, 2022. This move consolidates the Kitsault Valley mineral deposit trend, enhancing exploration potential.