VANCOUVER, BC, February 4, 2026, Dolly Varden Silver Corporation (TSX-V: DV | NYSE MKT: DVS | FSE: DVQ) (the “Company” or “Dolly Varden“) is pleased to report results from drilling that successfully infilled and expanded the northerly plunging, high-grade gold and silver mineralized trend at the Homestake Silver deposit. A total of 29 drill holes were completed at Homestake Silver and two at Homestake Main in the 2025 program, five of which have been released previously. Highlights from the silver-rich southern portion of the deposit from drill hole HR25-466 intersected a wide mineralized zone averaging 4.66 g/t Au and 33 g/t Ag over 48.49 meters and included narrower high-grade veins and vein breccias returning grades of 52.15 g/t Au and 306 g/t Ag over 1.01 meters and 46.55 g/t Au and 298 g/t Ag over 1.87 meters.

Highlights from southern Homestake Silver deposit:

HR25-466: Infill in silver-rich southern zone

4.66 g/t Au and 33 g/t Ag over 48.49 meters, including

52.15 g/t Au and 306 g/t Ag over 1.01 meters and

46.55 g/t Au and 298 g/t Ag over1.87 meters

HR25-470: On section with HR25-466, 87 m down dip step-out

5.25 g/t Au and 31 g/t Ag over 38.74 meters, including

123.50 g/t Au and 760 g/t Ag over 0.86 meters and

25.00 g/t Au and 73 g/t Ag over0.75 meters

HR25-473: Infill in silver-rich southern zone

1.08 g/t Au and 58 g/t Ag over 95.99 meters, including

4.99 g/t Au and 989 g/t Ag over 0.95 meters and

see & read more on https://dollyvardensilver.com/dolly-varden-silver-intersects-4-66-g-t-gold-over-48-49-meters-including-52-15-g-t-gold-and-306-g-t-silver-over-1-01-meters-at-homestake-silver-deposit/