Dolly Varden Silver Corporation announced drill results from regional exploration and reconnaissance drilling at its 100%-owned Dolly Varden Project located near tidewater in northwestern British Columbia, with particularly encouraging results from the Wolf Vein, as well as the identification of large, new porphyry related copper-gold system. At the Wolf Deposit, drill hole DV21-273 tested the southwest projection of the Wolf Vein, 94m down plunge from the current Mineral Resources, intersecting 1,532 g/t Ag, 0.44 g/t Au, 2.11 % Pb and 1.07% Zn over 1.22m core length within a brecciated sulphide-rich quartz vein hosted within a broader pyrite stockwork breccia zone of 17.50m averaging 214 g/t Ag and 0.47% Pb. The current NI 43-101 Mineral Resource Estimate hosts 3.83 million ounces of silver at 296 g/t in the Indicated category at Wolf. It is located approximately two kilometers northwest of the 25.0 million ounces of silver in the Indicated Category and additional 10.5 million ounces of silver in the Inferred category at the company's Torbrit Deposit. In other regional exploration drilling, the company's technical team is highly encouraged by long intervals of stockwork quartz with strongly anomalous gold (>100 ppb) over wide intervals (up to 303 meters) along with silver and copper at the Western Gold Belt Area. Hosted within early Jurassic volcanic rocks, this style of stockwork and alteration is analogous to numerous alkalic gold-copper deposits and mines in British Columbia. The Company plans appropriate geophysical surveys for porphyry-style mineralization and subsequent follow-up drilling in this area. A total of 10,506m in 31 diamond drill holes were completed at the company during the 2021 field season. Results have been received for 10 holes that tested five regional exploration targets on the Property including the Wolf Vein extension and Western Gold-Copper Belt. Assays will be announced in the near future for the 21 holes completed at the high-grade Torbrit and Kitsol Silver Deposits. The 21 near-Resource holes were drilled as part of a two phase program with the objective of expanding Resources as well as upgrading current Inferred Resources to Measured and Indicated Classification. The 2021 drilling at Dolly Varden initiated the company's two-year strategy to aggressively expand and upgrade the Torbrit Silver Deposit and multiple satellite zones with the objective of advancing Dolly Varden to be the next high-grade silver mine in British Columbia. Hole DV21-273 is also significant as it tested the prospective Hazelton volcanic rock that underlies the sedimentary units of the Upper Hazelton for the Wolf Vein extension. Discovering that the strong potassic alteration associated with silver mineralization within the volcanogenic Torbrit Deposit continues beneath the sediment suggests that the mineralizing system continues to the west of the 4.5 km long surface alteration anomaly. This opens up exploration potential of the entire bottom of the Kitsault valley north of Wolf towards the Property boundary and onto Homestake Ridge. On the Western side of the Kitsault Valley, three holes (DV21-267, 268 and 269) tested the Red Point target with structures related to a gold in soil anomaly within the southern end of the Western Gold belt quartz, sericite, pyrite (QSP) alteration zone. Drilling intercepted wide zones of stockwork veins with strongly anomalous gold, silver and copper mineralization within Hazelton volcanic rocks. Proximal to intrusive rocks, this wide zone mineralization is analogous to other alkalic copper-gold porphyry related systems in British Columbia. In the Golden Triangle, these deposits include KSM, Treaty Creek, Saddle (GT Gold), Red Chris and Snowfield. Three holes were completed at the Medallion Prospect (DV21-264, 265 and 266) located at the southern end of the Project. Historic trenches and small adits explored narrow zones of veining within weakly altered volcanic rocks hosting silver, copper lead and zinc mineralization. No significant results were returned. Diamond drill holes DV21-270 and 271 were drilled from the same setup as Medallion to test the Syndicate Target. A near-surface vein in DV21-270 returned 126 g/t Ag and 1.31 g/t Au over a core length of 1.10m.