Silver Investor: Significant Silver Grades Intersected During Surface and Underground

Published: Fri, 02/08/13

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DOLLY VARDEN PROPERTY, BC
Significant Silver Grades Intersected During Surface and Underground
Exploration at the Torbrit and Dolly Varden Mines

February 07, 2012 – Vancouver, BC: Dolly Varden Silver Corp. (TSX.V: DV | U.S.: DOLLF)
(the "Company") is pleased to release the results of its fall 2012 Exploration Program on the
Dolly Varden property (the "Property"), located near tidewater in northwestern BC, Canada. Access to the Property for the 2012 season was from a helicopter staging area 17 km upstream from the Company's Alice Arm exploration camp.

Subsequent to a strategic investment by a strategic investor in late August 2012, the Company
combined the proceeds of a new financing with a portion of the Company's existing working capital
and initiated a $3.5 million dollar exploration program. Beginning in mid-September 2012, the
Company contracted for surface diamond drilling, underground sampling and a Geotech ZTEM
airborne geophysical survey. Location of the surface trace of the silver-bearing stratabound zones
of the Dolly Varden, North Star and Torbrit Mines is shown on the attached geological plan.

All assays, check re-assays and quality control results have now been obtained by the Company's
geologists. Results are reported herein for the diamond drilling and underground sampling.
Geophysical and geological modeling is in progress and will be discussed in a later news release.

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Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader. Stone Investment Group is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. Stone Investment Group and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that Stone Investment Group will not be held liable or responsible for any decisions you make regarding any information discussed herein.

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