FORWARD LOOKING STATEMENTS

This website of Dolly Varden Silver Corporation (“Dolly Varden” or the “Company”) may contain forward-looking statements or forward-looking information under applicable securities legislation that may not be based on historical facts. Often, but not always, forward-looking statements can be identified by the use of words such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,” “might,” “will”, “budget”, “scheduled”, “forecasts”, “anticipates”, “potential”, “base case” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward Looking Information in this website includes, but is not limited to, the Company proposed vision, strategy and business model; information related to mineral resources; information related to planned exploration and development of the Company’s properties; the potential benefits of future exploration and development of the Company’s properties and other statements that are not historical fact.

disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; the timing and costs of future exploration activities on Dolly Varden Silver Corporation (“Dolly Varden”) properties; success of exploration activities; permitting timelines and requirements; requirements for additional capital; environmental requirements;; planned expenditures and budgets and the execution thereof.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Dolly Varden to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties, and other factors include: without limitation, risks associated with the speculative nature of exploration and development of minerals; the anticipates substantial future capital expenditures associated with the exploration and development of its assets and there can be no assurance that debt or equity financing will be available; inherent competition in the mining industry; risks associate with volatility in mineral prices; risks inherent in the estimation of mineral resources; environmental risks associated with the exploration and development of mineral properties; the Company is reliant on key personnel; risks associated with working in remote regions; risks associated with maintaining positive community relations; and the other risks disclosed in the Company’s annual information form (“AIF”) dated March 28, 2024 for the year ended December 31, 2023 filed by the Company with the Canadian securities regulatory authorities on the Company’s SEDAR+ profile at www.sedarplus.ca and in the Company’s Form 40-F registration statement filed with the U.S. Securities and Exchange Commission, which is available on EDGAR at www.sec.gov. The risk factors identified in the Company’s public filings are not intended to represent a complete list of factors that could affect the Company

These forward-looking statements are based on management’s current expectations and beliefs (including the belief in the accuracy of the resource estimate) and assume, among other things: the ability of the Company to successfully pursue its current development plans; that future sources of funding will be available to the Company; that relevant commodity prices will remain at levels that are economically viable for the Company; and that the Company will receive relevant permits in a timely manner in order to enable its operations. Given the uncertainties, assumptions and risks listed herein, readers are cautioned not to place undue reliance on such forward-looking statements or information. Information in this website is not intended to be a comprehensive review of all matters and developments concerning Dolly Varden and Dolly Varden does not assume any obligation to update, or to publicly announce, any such statements, events or developments, except as required by law.

SCIENTIFIC AND TECHNICAL INFORMATION

The scientific and technical information in this website has been reviewed and approved by Robert van Egmond, P.Geo. VP Exploration for Dolly Varden Silver Corp and a Qualified Person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. van Egmond is not independent of the Company within the meaning of NI 43-101. 

The mineral resource estimates contained in this website were prepared in accordance with the requirements of NI 43-101 and are derived from and further described in the Company’s technical report titled “Technical Report on the Combined Kitsault Valley Project, British Columbia, Canada” with an effective date of September 28, 2022 (the “Kitsault Valley Project Technical Report”), authored by Andrew J. Turner, B.Sc., P. Geo. and Rachelle Hough, P. Geo., each of whom is an independent “Qualified Person” as defined in NI 43-101. The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource”, and “inferred mineral resource” are defined in accordance with the Canadian Institute of Mining & Metallurgy Definition Standards which were incorporated by reference in NI 43-101. These requirements differ in material respects from the requirements of the U.S. Securities and Exchange Commission set forth in Regulation S-K 1300. Accordingly, the disclosure in this website regarding mineral properties may differ materially from the information that would be disclosed by a U.S. company subject to Regulation S-K 1300.

Readers are reminded that the conclusions of the Kitsault Valley Project Report are preliminary in nature and may include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Readers are further cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability.

FINANCIAL INFORMATION

Unless otherwise indicated, all references to “$”, “C$” or “dollars” in this website refer to Canadian dollars, which is the Company’s functional currency. Any references to “US$” in this website refer to United States dollars.

THIRD PARTY INFORMATION

This website includes market and industry data which was obtained from various publicly available sources and other sources believed by the Company to be true. Although the Company believes it to be reliable, the Company has not independently verified any of the data from third-party sources referred to in this website, or analyzed or verified the underlying reports relied upon or referred to by such sources, or ascertained the underlying assumptions relied upon by such sources. The Company does not make any representation as to the accuracy of such information.

TAXATION

Prospective investors should be aware that the purchase of securities of the Company or any entity related thereto may have tax consequences. The Company assumes no responsibility for the tax consequences of any investment. Each prospective investor is strongly encouraged to consult its own tax advisor concerning any purchase of securities of the Company or any entity related thereto.

COPYRIGHT

All materials originally produced by us (graphics, icons, HTML, javascripts, color schemes, multimedia, logos, photographs, copywriting, etc.) that appear on this website are the property of Dolly Varden and copyrighted by same.

Other materials on this website not originally produced by us (some audio, video, trademarks, et al) are copyrighted by their respective creators/owners and appear here either by permission, example or as public domain reference material.

EXCLUSION OF LIABILITY

Dolly Varden shall not be liable for any claims, expenses, damages (including direct, indirect, special or consequential damages), loss of profits, opportunities or information arising from:

  • the use of or reliance on information contained in this website;
  • any inaccuracy or omission in such information or failure to keep the information current;
  • use of any third party websites linked to this website;
  • any Internet software used in connection with this website or computer viruses or other destructive programs encountered as a result of using this website; and
  • any other matter connected with this website; even if Dolly Varden is made aware of the possibility of such claims, expenses, damages or losses.

 

THIRD PARTY LINKS

Dolly Varden Silver may provide links from this web site to several other web sites which are arms-length to the Company. The viewer should be aware that in linking to these outside web sites, he or she is leaving the Dolly Varden Silver web site and that the Company is not responsible for the content of any other site.