Dolly Varden Silver Corporation announced that it has appointed Shawn Khunkhun as President, CEO, and Director, and has appointed Robert McLeod as a Director and technical advisor, both effective February 18, 2020. Gary Cope has resigned from his position as President and Director which he has held since December 2016 in order to focus on other business interests. The company thank Gary, and the Belcarra team, for their service in defining the geological potential of the Dolly Varden mineral assets over the past 3 years.

Mr. Khunkhun has over fifteen years of experience in the capital markets, mineral exploration and development sector with a focus on enhancing shareholder value. Mr. McLeod is a professional geoscientist with over twenty-five years of experience in mineral exploration and mining, working for a variety of major and junior mining and exploration companies. In connection with the appointment of Mr. Khunkhun as President and CEO, the following officers from the Belcarra Group will step down from their roles: Carla Hartzenberg, CFO, Alex Tsakumis, VP Corporate Development, and Ben Whiting, VP Exploration.

These officers, other than Ms. Hartzenberg who will remain in her position as CFO until April 30, 2020, will step down from their roles effective February 29, 2020. The Company, with the assistance of the Board and the Compensation Committee, is in the process of identifying and engaging qualified candidates to fill these roles.