June 4, 2012 – Vancouver, British Columbia: Dolly Varden Silver Corporation (“Dolly” or the “Company”) (TSXV: “DV”) is pleased to announce the engagement of StrataStar Marketing Group LLC to provide investor relations and corporate communications services to the Company. StrataStar Marketing LLC is a marketing and investor relations company established in 2007 by Gary Lindsey and specializes in the natural resource sector and is located in Denver, Colorado. Neither StrataStar nor Gary Lindsey hold any securities of the Company, other than options granted pursuant to the engagement.

The engagement will be for a term of 12 months. During the engagement, Stratastar will receive a fee of $7,500 per month, and has been granted options to purchase 500,000 common shares at a price of $0.20 per share, exercisable on or before June 4, 2017. The agreement is subject to the approval of the TSX Venture Exchange.

About Dolly Varden Silver

Dolly Varden Silver Corporation is focused on the exploration and development of the Dolly Varden silver project located in northwestern British Columbia. The Dolly Varden project is a past-producing silver mine with historic resources and is situated in the same geologic setting as the past-producing Eskay Creek deposit. The Company has two strategies for creating value at Dolly Varden: to confirm and expand the existing historic silver resources with the goal to re-start historic mines; and to explore a major untested Eskay Creek-type gold and silver target at Dolly Varden. The Company is based in Vancouver, British Columbia and its shares trade on the TSX Venture Exchange under the symbol DV. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For additional information contact:
Ron Nichols CEO and President
Dolly Varden Silver Corporation
Telephone: 778-383-3083
Fax: 604-683-2965

FORWARD LOOKING INFORMATION

Certain of the statements and information in this press release constitute “forward-looking statements” or “forwardlooking information” Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “believes”, “plans”, “estimates”, “intends”, “targets”, “goals”, “forecasts”, “objectives”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward looking statements or information relate to, among other things the Company’s plans to seek approval of the TSXV in respect of the Services Agreement. – 2 – 5370488.2 Forward-looking statements or information.

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