- Dolly Varden Silver Corporation entered into an agreement on **October 1, 2025**, for a bought-deal offering of securities, aiming to raise **$30,034,000** in aggregate gross proceeds.  **[1542028_0001062993-25-015993_exhibit99-1.htm:0]** 
- The offering includes **2,300,000 common shares** at **$6.50** per share, **750,000 charity flow-through shares** at **$9.42** per share, and **990,000 flow-through shares** at **$8.10** per share.  **[1542028_0001062993-25-015993_exhibit99-1.htm:0]** 
- Gross proceeds from the flow-through shares will be used for **exploration, mineral resource expansion, and drilling** at the Kitsault Valley project and other properties, while net proceeds from common shares are designated for **working capital and general corporate purposes**.  **[1542028_0001062993-25-015993_exhibit99-1.htm:0]** 
- The offerings are anticipated to close on or about **October 23, 2025**, contingent on receiving necessary regulatory approvals.  **[1542028_0001062993-25-015993_exhibit99-1.htm:1]**

Dolly Varden Silver announces $30 million bought-deal offering

- Dolly Varden Silver Corporation announced a **bought-deal financing** to raise aggregate gross proceeds of **$30,034,000**.  **[1542028_0001062993-25-015875_exhibit99-1.htm:0]** 
- The financing consists of a **LIFE Offering** for common shares and charity flow-through shares, and a **Private Placement Offering** for flow-through shares.  **[1542028_0001062993-25-015875_exhibit99-1.htm:0]** 
- Net proceeds from the sale of common shares will be used for **working capital and general corporate purposes**, while gross proceeds from charity flow-through shares and flow-through shares will fund **exploration, mineral resource expansion, and drilling** at the Kitsault Valley project.  **[1542028_0001062993-25-015875_exhibit99-1.htm:0]** 
- The offerings are expected to close on or about **October 23, 2025**.  **[1542028_0001062993-25-015875_exhibit99-1.htm:0]**

Dolly Varden Silver Announces $30 Million Bought-Deal Financing

- Dolly Varden Silver Corporation announced a significant gold intercept from a 2025 step-out drill hole, **HR25-456**, at its Homestake Silver deposit on **October 1, 2025**.  **[1542028_0001062993-25-015856_exhibit99-1.htm:0]** 
- The drill hole intersected **3.34 g/t Au over 120 meters**, including **216 g/t Au over 0.52 meters** and **166 g/t Au over 1.3 meters**.  **[1542028_0001062993-25-015856_exhibit99-1.htm:0]** 
- This intercept confirms **continuity and growth potential** outside of current Mineral Resources, with the deposit remaining open for expansion.  **[1542028_0001062993-25-015856_exhibit99-1.htm:0]** 
- Approximately **40%** of the **2025 season's 55,000 meter planned drill program** at the Kitsault Valley Silver and Gold Project targeted the Homestake Silver Deposit.  **[1542028_0001062993-25-015856_exhibit99-1.htm:0]**

Dolly Varden Silver Reports Significant Gold Intercept at Homestake Silver Deposit

- Dolly Varden Silver Corporation announced **high-grade silver mineralization** results from directional drilling at its **Wolf Vein**.  **[1542028_0001062993-25-015140_exhibit99-1.htm:0]** 
- Drill hole **DV25-446** intersected **1,422 g/t Ag over 21.70 meters**, including **10,700 g/t Ag over 1.00 meter**.  **[1542028_0001062993-25-015140_exhibit99-1.htm:0]** **[1542028_0001062993-25-015140_exhibit99-1.htm:1]** 
- The intersection also contained **gold and strong base metal grades**, which are increasing at depth.  **[1542028_0001062993-25-015140_exhibit99-1.htm:0]** 
- These results are part of an ongoing **55,000 meter planned drill program** at the company's Kitsault Valley Silver and Gold Project, and the deposit remains open to depth.  **[1542028_0001062993-25-015140_exhibit99-1.htm:0]**

DOLLY VARDEN SILVER (DVS)