The document discusses Dolly Varden Silver Corporation, a new silver exploration company with properties near Stewart, BC. It has over 9,400 hectares including the historic Dolly Varden and North Star silver mines. The properties contain historic resource estimates totaling over 14 million ounces of silver. The company aims to validate and expand the historic resources as well as explore for new Eskay Creek-type gold and silver deposits on the property. It is led by an experienced management team and has Hecla Mining as a strategic partner.

1. Dolly
Varden
Dolly Varden
Silver
Silver Corporation
TSX–V:DV
New Silver Company with Eskay Creek Au–Ag
Potential
Sept. 13, 2012

2. Dolly
Varden
Forward-Looking Statements Silver
FORWARD LOOKING INFORMATION
Certain of the statements and information herein constitute “forward-looking statements” or “forward-looking 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 business objectives and plans.
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ from those reflected in the forward-looking statements or information,
including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds
may not be raised; the speculative nature of exploration and the stages of the Company’s properties; the effect of changes in
commodity prices; regulatory risks that development of the Company’s material properties will not be acceptable for social,
environmental or other reasons and the efforts and abilities of the senior management team. This list is not exhaustive of the
factors that may affect any of the Company’s forward-looking statements or information. Although the Company has attempted
to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not
to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking
statements or information.
The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions
of management as of the date hereof, and other than as required by applicable securities laws, the Company does not assume
any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs,
expectations or opinions should change, or changes in any other events affecting such statements or information.
Paul McGuigan, P Geo, V.P. of Exploration has reviewed and approved the content contained in this presentation.
2

3. Dolly
Varden
Silver
Past-producing silver mine
with
Precious metal rich Eskay
Creek potential
3

4. Dolly
Varden
Two strategies for creating value Silver
• Confirm and expand historic silver resources with the
goal to define 40 to 50 million ounces of Silver and
re-start the historic Dolly Varden silver mines, BC
• Explore a major untested Eskay Creek-type gold &
silver target at Dolly Varden (Eskay Creek production
of 3.6 million oz. Gold, 180 million oz. Silver)
• Management team experienced in both Eskay Creek-
type exploration and re-starting past producing mines
4

5. Dolly
Varden
Experienced Management & Board of Directors Silver
John King Burns • Former CFO of Drexel Burnham Lambert Commodity Group
Chairman • Former managing director of Barclays Metals Group
• 30+ years of extensive capital markets and resource sector experience
Ron F. Nichols, P Eng.
. • 30+ years (20 years with Cominco) of exploration and development
President & CEO experience including Valley Copper and Snip Mines in BC
• Recently re-started Ag-Cu-Pb-Zn La Negra Mine, Mexico and silver Shafter
Mine, Texas
Paul J. McGuigan, P Geo.
. • Principal of Cambria Geosciences Inc., formerly with Esso Resources
VP Exploration • 35+ years of experience in mineral exploration and mining operations
• Active in BC exploration since 1975
Allen Ambrose, P Geo.
. • 30+ years of exploration and mining experience
Director • Co-discoverer of Brisas del Cuyuni gold deposit
• Director/Co-founder of multiple resource companies incl. Minera Andes
Allan Marter • 30+ years experience as a Chartered Accountant and CFO of various
Director mining companies, including 7 years as President of EURO Ressources S.A.
• Former Director of Minera Andes
• Experienced in exploration, development and operational stages.
Theo Sanidas • 10+ years of mining industry experience
Director • Extensive capital markets background
• Experience with M&A, financing and corporate restructuring activities 5

6. Dolly
Varden
Capital structure Silver
Dolly Varden Silver Corporation - TSX-V:DV
Issued Common Shares 100,290,000
Options 7,200,000
Warrants 10,479,400
Fully Diluted Shares O/S 117,969,400
Basic cash* $4.05 MM
Market Cap (Basic @ $0.25/share) Approx. $25 MM
* Cash position would increase by $3.016 million if all warrants and options
exercised
project potential scope & size will allow company to create significant value
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7. Dolly
Varden
Strategic Partner – Hecla Mining Company Silver
• Acquired 20 million shares for a 19.9% interest
• Hecla has the right to maintain their 19.9% interest
• Hecla has right to nominate one person to the Dolly’s Board
• Hecla will nominate one person to Dolly’s technical committee
• Strong strategic partner with 100 years of silver mining experience
• Flagship Greens Creek mine in same geologic setting as Dolly’s
Precious Metal Rich VMS target creates synergies for exploration.
7

8. Dolly
Varden
Dolly Varden – Solid foundation Silver
%
• Property acquired in Spring 2011
owned • 9,400 hectares (94 Km2)
• 2 historically active mines
• 2 deposits with Development
• Native land claims settled
8

9. Dolly
Varden
Dolly Varden – Rich history Silver
M
Oz Ag* • Historical production
*Historical production • Well understood targets
• Region with world-class projects
• Experienced senior management
9

10. 7
Dolly
Varden
Located in northwestern BC Silver
Eskay Creek Major nearby projects:
• Eskay Creek (Barrick) Historic Production
Snip KSM
3.6MM oz Au + 180MM oz Ag
Brucejack - Snowfields
Silbak Premier
• Silback Premier (Ascot) Historic
Production
Dolly Varden 2.2MM oz Au + 44.2MM oz Ag
BC Moly
• Brucejack (Pretium)
• KSM (Seabridge Gold)
• BC Moly (Avanti)
•
surrounded by world-class projects 10

11. 11
Dolly
Varden
Located in the Stewart Complex Silver
Eskay Creek
Hazelton Group Arc assemblage (green)
KSM
Brucejack
Host to base and precious metal deposits
220M+ oz Ag produced historically Granduc
Silbak-Premier
7M+ oz Au produced historically
Wolf
Torbrit
Dolly Varden /
North Star
Big Bulk
BC Moly
typical mineralization for the region 11

12. World-class gold - Silver VMS deposits with plus Dolly
Varden
1 million oz. gold in production & reserves* Silver
Deposit Operator Country Tonnage Grade
(M t) Au(g/t) Ag(g/t)
Canadian VMS Deposits
Eskay Creek Barrick Canada 2.5 44.4 2087.7
LaRonde Agnico Eagle Canada 43.5 4.2 52.1
Horne Noranda Mines Canada 54.3 6.1 13.0
Bousquet Agnico Eagle Canada 29.7 5.3 2.1
International VMS Deposits
Hassai La Mancha Sudan 6.2 10.0 —
Greens Creek Hecla USA - Alaska 11.2 4.2 560.9
Abyz Kazakhmys Kazakhstan 4.4 6.5 61.0
Boliden AB
Boliden Sweden 8.3 15.1 48.3
Norton
Mt. Morgan Australia 80.7 3.7 0.7
Goldfields
*Dubé et al, Geological Survey of Canada 12

13. Dolly
Varden
Excellent infrastructure – via Alice Arm Silver
• 2011 Logistics base and
camp built in the
settlement of Alice Arm
• Property is 30 Km from
tidewater at Alice Arm
• 30 Km from power grid
• Access to rail and
deepwater shipping
• All-weather road access
• 7 Km of existing
underground development
good logistics for rehabilitation, development and exploration 13

14. Dolly
Varden
Foundation for Dolly Varden’s plans Silver
Historical resource estimate*: Extensive exploration by
5.7M oz. Ag Proven + Probable previous owners:
8.8M oz. Ag Possible
The qualified person has not done sufficient work to • 631 diamond drill holes
classify the Historical Estimates as current mineral
Resources or Reserves. Furthermore, the issuer is not • 44,090 meters of drilling
treating these Estimates as current Mineral Resources
or Mineral Reserves. • 7 km underground
*Derry Michener Booth & Wahl (1986) development
Purchase of Property for • 1980’s Engineering
studies on mine, mill,
$2.5 million translates into and tailings design
Acquisition cost of $0.20 per
oz. of Silver
extensively mapped by current management 14

15. Dolly
Varden
Creating significant additional value Silver
Targeted
exploration
programs
1. Validation and 2. Identification of new,
expansion of historic major Eskay Creek-type
silver resource estimates gold and silver deposits
to 40 to 50 million oz.
clear targets 15

16. Dolly
Varden
Silver
“the best new mines
are often found
near old mines”
16

17. Dolly
Varden
3D Topography with deposits and showings Silver
17

18. Dolly
Varden
Historic mineral resources* (Dilution at 10 – 16%) Silver
Location Historic Tonnes Silver Contained
Resource Grade Silver
Classification (g/t) (ounces)
Dolly Varden Mine – Proven & 42,638 754.3 1,034,000
(a) Probable (P & P)
North Star Mine – (b) P&P 128,437 401.5 1,657,867
Torbrit Mine – (c) Possible 786,531 312.0 7,889,700
Wolf No.1 Zone – (d) P&P 77,932 395.0 989,626
Wolf No.2 Zone – (e) P&P 218,512 285.9 2,008,839
Wolf No.2 Zone – (f) Possible 100,295 279.4 901,031
Total P&P 5,690,331
Possible 8,790,731
* Derry Michener Booth & Wahl (1986)
All cut off grades 171 g/t silver
See Note 4 and additional disclosure on Pg 15
Geology and Mineral Exploration of the Dolly Varden Property, British Columbia,
18
Canada Sept. 5, 2011, as revised. By Terry Garrow - Filed on SEDAR.

19. Dolly
Varden
Notes on Historic mineral resource estimates* Silver
Comments:
a: Skerl (1964) and Mann (1974) Dolly Varden Mine staff. Remaining resource blocks are in proximity to mined out stopes
and downplunge extensions of mined out areas.
b: Thompson & Pearson (1981) Derry Michener & Booth. Minimum mining width of 5 ft. No prior mining.
c: Leigh & Thompson (1983) Derry Michener & Booth. Comprised of 18 zones. Most zones are in the hanging wall of the
glory hole and mined out stopes of the 1959 operation.
d: Thompson & Pearson (1981) Derry Michener & Booth. No prior mining. Tested by two levels of underground adits.
e: Thompson & Pearson (1981) Derry Michener & Booth. No prior mining. Tested by three levels of undergound adits.
f: Thompson & Pearson (1981) Derry Michener & Booth. No prior mining.
Note 1: This resource estimate was prepared from incomplete old plans and sections, considerable verification drilling
is required prior to placing reliance on this information.
Note 2: Historic Resource Classifications used in mineral resource estimates at the Dolly Varden deposits termed blocks
with closely spaced drilling and bulk sampling data "Proven and Probable Reserves" and made allowances for mining
operations and dilution. However, significant additional technical work is required. In the current terminology these
blocks would be termed Measured and Indicated Mineral Resources, however, for the purposes of this Technical Report
they are to be considered Geological Information only and subject to verification by drilling and sampling, prior to
reclassification.
Note 3: Historic Resource Classifications used in mineral resource estimates at the Dolly Varden deposits termed blocks
with more widely spaced drilling "Possible Reserves". In the case of Torbrit, Thompson and Pearson (1981) reduced the
confidence to Possible because the closely spaced drilling data must be subject to considerable check drilling. In the
current terminology these blocks would be termed Inferred Mineral Resources, however, for the purposes of this
Technical Report they are to be considered Geological Information only and subject to verification by drilling and
sampling, prior to reclassification.
Note 4: The Qualified Person has not done sufficient work to classify the Historical Estimates as current Mineral
Resources or Mineral Reserves. Furthermore, the Issuer is not treating these Historical Estimates as current Mineral
Resources or Mineral Reserves.
*Notes from Geology and Mineral Exploration of the Dolly Varden Property, British Columbia, Canada
Sept. 5, 2011, as revised. By Terry Garrow - Filed on SEDAR 19

20. Validation and expansion of Dolly
Varden
historic mineral resources Silver
Looking NNW Wolf Mine
North Star Mine Torbrit Mine
• 4 targets
• Mineralization zones of
5-20m true widths
Dolly Varden Mine • Potential for high grade
silver at depth
• Focus on Wolf, Dolly
Varden, and Torbrit
potential for mineral resource upgrade and expansion 20

21. Dolly
Varden
Silver
“the Dolly Varden deposits
may be silver-rich analogues
to the precious metal-rich
Eskay Creek deposit”
(Dunne and Pinsent (2002) of the BC Geological Survey Branch)
21

22. Dolly
Varden
Size comparison to Eskay Creek Silver
Dolly Varden feeder zone much larger than Eskay Creek feeder zone
(shown at same scale) 22

23. 1
Dolly
Dolly
Varden
Varden
New VMS exploration target Silver
Silver
Eskay Creek Deposit Model
with comparable geological
features at Dolly Varden
vertical footwall feeders mineralize horizontal ocean-floor strata 23

24. Dolly
Varden
VMS deposit identification Silver
Looking NNW
Wolf Mine
Surprise
3D map-red
zone
• 5km strike length of
strong feeder style
Dolly Varden Mine alteration on the property
• Potential for gold-silver
VMS at depth beneath
intense Red Point alteration
zone
potential for new Eskay Creek-type deposit 24

25. Dolly
Varden
2011 exploration program completed Silver
Dolly • Surface of Dolly Varden & North Star mapped
• Portals re-opened and surveyed
Varden • Work camp constructed in Alice Arm
• BC Land Surveyors verified Torbrit mine grid on surface & U/G
Torbrit • Rehabilitation of underground workings scoped
• Surface of Wolf mapped and historic drill hole collars located
• BC Land Surveyors verified Wolf mine grid
Wolf • 4,600 m of diamond drilling in 21 holes
• Step-out and verification diamond drill intersections obtained
• Surface geological mapping and sampling
Red Point • BC Land Surveyors verified 1989-90 trenching and drill collars
a basis for further value creation 25

26. Dolly
Varden
Wolf mine - Diamond drilling setup Silver
26

27. 2012 Exploration targets Dolly
Varden
Dolly Varden – Torbrit - Redpoint Silver
27

28. Dolly
Varden
Dolly Varden to Torbrit – Longitudinal Section Silver
28

29. Dolly
Varden
2012 Proposed Drilling – Dolly Varden area Silver
29

30. Dolly
Varden
Silver
Torbrit – 1000 level – Historic drill results
30

31. Dolly
Varden
Use of Proceeds Silver
Dolly Varden 2012 Work Program Budget
Road & Bridges - Km 1 to 24 $ 824,750.00
Preparation & Mobilization $ 75,000.00
Program Support & Logistics $ 1,018,000.00
Geoscience Program $ 341,000.00
Drill Program – 8845 meters $ 2,641,450.00
Geotechnical & Environmental Program $ 298,000.00
Road & Bridges - Km 24 to Torbrit $ 33,000.00
Geotechnical & Environmental Program $ 172,800.00
Airborne Geophysical Program $ 210,000.00
Underground Prep Work $ 950,000.00
Grand Total $ 6,564,000.00
31

32. Dolly
Varden
2012 Objectives – Longer term milestones Silver
2012 Objectives
• Increase silver resources at Dolly Varden and Torbrit deposits by drilling
down plunge of known Historic resource blocks.
• Limited infill drilling and underground sampling to begin to convert Wolf
historic resources, and 2011 drill results to 43-101 compliant categories.
• Refine Eskay target on Redpoint with geochemistry, alteration studies
and geophysics (VTEM) prior to drill testing (minimum 3 holes in 2012)
Longer Term Milestones (success contingent)
• Increase Historic resources at all 4 deposits from current 14 million
ounces to 45 to 50 million ounces of 43-101 compliant resources.
• With success in defining 45 million + ounces initiate scoping through to
feasibility studies to determine the economic viability of a 1,000 to 1,500
tonne per day operation.
• Continue to develop Eskay targets towards discovery.
32

33. Dolly
Varden
Corporate Overview Silver
• Evaluating the re-start of historic Dolly
Varden silver mines, BC
• Exploring a major untested Eskay Creek-
type gold and silver target
• Senior management team experienced in
both Eskay Creek-type exploration and re-
starting old mines
• 2012 proposed diamond drill program of
8,900 m to expand silver resources and
define and drill Eskay type targets.
33

34. Dolly
Varden
Silver
Dolly Varden Silver Corporation TSX-V:DV
Suite 910 – 355 Burrard Street
Vancouver, British Columbia
Canada V6C 2G8
Tel: 778-383-3083
Toll free: 1-855-381-3530
Ron F. Nichols
President, CEO & Director
Direct line: 604-398-4345
Investor Relations
Strata Star – Gary Lindsey
Tel: 1-720-273-6224
Email: gary@strata-star.com
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