1. Dolly
Varden
DollySilver
Varden
Silver
Corporation
New Silver Company with Eskay Au–Ag Potential
April 2, 2012

2. Dolly
Varden
Forward-Looking Statements Silver
FORWARD LOOKING INFORMATION
Certain of the statements and information herein constitute “forward-looking statements” or “forward-looking information. Any
statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as
“expects”, “anticipates”, “believes”, “plans”, “estimates”, “intends”, “targets”, “goals”, “forecasts”, “objectives”, “potential” or
variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be
achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be
forward-looking statements or information. Forward looking statements or information relate to, among other things: the
Company’s business objectives and plans.
Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ from those reflected in the forward-looking statements or information,
including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds
may not be raised; the speculative nature of exploration and the stages of the Company’s properties; the effect of changes in
commodity prices; regulatory risks that development of the Company’s material properties will not be acceptable for social,
environmental or other reasons and the efforts and abilities of the senior management team. This list is not exhaustive of the
factors that may affect any of the Company’s forward-looking statements or information. Although the Company has attempted
to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not
to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking
statements or information.
The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions
of management as of the date hereof, and other than as required by applicable securities laws, the Company does not assume
any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs,
expectations or opinions should change, or changes in any other events affecting such statements or information.
Paul McGuigan, P Geo, V.P. of Exploration has reviewed and approved the content contained in this presentation.
2

3. Dolly
Varden
Silver
Past-producing silver mine
with
Precious metal rich Eskay
Creek potential
3

4. Dolly
Varden
Two strategies for creating value Silver
• Confirm & expand historic silver resources
with the goal to re-start the historic Dolly
Varden silver mines, BC
• Explore a major untested Eskay Creek-type
gold & silver target at Dolly Varden
• Management team experienced in both
Eskay Creek-type exploration and re-starting
past producing mines
4

5. Dolly
Varden
Dolly Varden – Solid foundation Silver
%
owned • Property acquired in Spring 2011
• 9,400 hectares (94 Km2)
• 2 historically active mines
• 2 deposits with underground
Development
• Native land claims settled
5

6. Dolly
Varden
Dolly Varden – Rich history Silver
M
Oz Ag* • Historical production
*Historical production • Well understood targets
• Region with world-class projects
• Experienced senior management
6

7. 7
Dolly
Varden
Located in northwestern BC Silver
Eskay Creek Major nearby projects:
•Eskay Creek (Barrick) Historic Production
Snip KSM (Kerr)
3.6MM oz Au + 180MM oz Ag
Brucejack - Snowfields
• Brucejack (Pretium)
Silbak Premier
• Silback Premier (Ascot) Historic Production
Dolly Varden
• Kerr-Sulphurets (Seabridge Gold)
BC Moly • BC Moly (Avanti)
surrounded by world-class projects 7

8. 8
Dolly
Varden
Located in the Stewart Complex Silver
Eskay Creek
Hazelton Group Arc assemblage (green)
KSM(Kerr)
Brucejack
Host to base and precious metal deposits
220M+ oz Ag produced historically Granduc
Silbak-Premier
7M+ oz Au produced historically
Wolf
Torbrit
Dolly Varden /
High sulphidation VMS occurs in the North Star
youngest Hazelton group rocks Big Bulk
BC Moly
typical mineralization for the region 8

9. World-class gold VMS deposits with at least Dolly
Varden
30 tonnes gold in production & reserves* Silver
Deposit Operator Country Tonnage Grade
(M t) Au(g/t) Ag(g/t) Cu(%) Pb(%) Zn(%)
Canadian VMS Deposits
Eskay Creek Barrick Canada 2.5 44.4 2087.7 — — —
LaRonde Agnico Eagle Canada 43.5 4.2 52.1 0.3 — 2.7
Horne Noranda Mines Canada 54.3 6.1 13.0 2.2 — —
Bousquet Agnico Eagle Canada 29.7 5.3 2.1 — — —
International VMS Deposits
Hassai La Mancha Sudan 6.2 10.0 — — — —
Greens Creek Hecla USA - Alaska 11.2 4.2 560.9 0.0 4.1 10.9
Abyz Kazakhmys Kazakhstan 4.4 6.5 61.0 2.1 — 5.4
Boliden AB
Boliden Sweden 8.3 15.1 48.3 1.4 — —
Norton
Mt. Morgan Australia 80.7 3.7 0.7 0.7 — —
Goldfields
*Dubé et al, Geological Survey of Canada 9

10. Dolly
Varden
Excellent infrastructure – via Alice Arm Silver
• 2011 Logistics base and
camp built in the
settlement of Alice Arm
• Property is 30 Km from
tidewater at Alice Arm
• 30 Km from power grid
• Access to rail and
deepwater shipping
• All-weather road access
• 7 Km of existing
underground development
good logistics for rehabilitation, development and exploration 10

11. Dolly
Varden
Foundation for Dolly Varden’s plans Silver
$ Spent
since
Extensive exploration by
previous owners:
1980 • 631 diamond drill holes
• 44,090 meters of drilling
M+ • 7 km underground
development
• 1980’s Engineering
Historical resource estimate*: studies on mine, mill, and
5.7M oz. Ag Proven + Probable tailings design
8.8M oz. Ag Possible
The qualified person has not done sufficient work to
classify the Historical Estimates as current mineral
Resources or Reserves. Furthermore, the issuer is not
treating these Estimates as current Mineral Resources or
Mineral Reserves.
*Derry Michener Booth & Wahl (1986) extensively mapped by current management 11

12. Dolly
Varden
Creating significant additional value Silver
Targeted
exploration
programs
1. Validation and 2. Identification of new,
expansion of historic major Eskay Creek-type
silver resource estimates gold & silver deposits
clear targets 12

13. Dolly
Varden
Silver
“the best new mines
are often found
near old mines”
13

14. Dolly
Varden
Silver
14

15. Dolly
Varden
Historic mineral resources* (Dilution at 10 – 16%) Silver
Location Historic Tonnes Silver Contained
Resource Grade Silver
Classification (g/t) (ounces)
Dolly Varden Mine – Proven & 42,638 754.3 1,034,000
(a) Probable (P & P)
North Star Mine – (b) P&P 128,437 401.5 1,657,867
Torbrit Mine – (c) Possible 786,531 312.0 7,889,700
Wolf No.1 Zone – (d) P&P 77,932 395.0 989,626
Wolf No.2 Zone – (e) P&P 218,512 285.9 2,008,839
Wolf No.2 Zone – (f) Possible 100,295 279.4 901,031
Total P&P 5,690,331
Possible 8,790,731
* Derry Michener Booth & Wahl (1986)
All cut off grades 171 g/t silver
See Note 4 and additional disclosure on Pg 15
Geology and Mineral Exploration of the Dolly Varden Property, British Columbia,
15
Canada Sept. 5, 2011, as revised. By Terry Garrow - Filed on SEDAR.

16. Dolly
Varden
Notes on Historic mineral resource estimates* Silver
Comments:
a: Skerl (1964) and Mann (1974) Dolly Varden Mine staff. Remaing resource blocks are in proximity to mined out stopes
and downplunge extensions of mined out areas.
b: Thompson & Pearson (1981) Derry Michener & Booth. Minimum mining width of 5 ft. No prior mining.
c: Leigh & Thompson (1983) Derry Michener & Booth. Comprised of 18 zones. Most zones are in the hanging wall of the
glory hole and mined out stopes of the 1959 operation.
d: Thompson & Pearson (1981) Derry Michener & Booth. No prior mining. Tested by two levels of underground adits.
e: Thompson & Pearson (1981) Derry Michener & Booth. No prior mining. Tested by three levels of undergound adits.
f: Thompson & Pearson (1981) Derry Michener & Booth. No prior mining.
Note 1: This resource estimate was prepared from incomplete old plans and sections, considerable verification drilling
is required prior to placing reliance on this information.
Note 2: Historic Resource Classifications used in mineral resource estimates at the Dolly Varden deposits termed blocks
with closely spaced drilling and bulk sampling data "Proven and Probable Reserves" and made allowances for mining
operations and dilution. However, significant additional technical work is required. In the current terminology these
blocks would be termed Measured and Indicated Mineral Resources, however, for the purposes of this Technical Report
they are to be considered Geological Information only and subject to verification by drilling and sampling, prior to
reclassification.
Note 3: Historic Resource Classifications used in mineral resource estimates at the Dolly Varden deposits termed blocks
with more widely spaced drilling "Possible Reserves". In the case of Torbrit, Thompson and Pearson (1981) reduced the
confidence to Possible because the closely spaced drilling data must be subject to considerable check drilling. In the
current terminology these blocks would be termed Inferred Mineral Resources, however, for the purposes of this
Technical Report they are to be considered Geological Information only and subject to verification by drilling and
sampling, prior to reclassification.
Note 4: The Qualified Person has not done sufficient work to classify the Historical Estimates as current Mineral
Resources or Mineral Reserves. Furthermore, the Issuer is not treating these Historical Estimates as current Mineral
Resources or Mineral Reserves.
*Notes from Geology and Mineral Exploration of the Dolly Varden Property, British Columbia, Canada
Sept. 5, 2011, as revised. By Terry Garrow - Filed on SEDAR 16

17. Validation of Dolly
Varden
historic mineral resources Silver
Looking NNW Wolf Mine
North Star Mine Torbrit Mine
• 4 targets
• Mineralization zones of
5-20m true widths
Dolly Varden Mine • Potential for high grade
silver at depth
• Focus on Wolf and
Torbrit zone
potential for mineral resource upgrade 17

18. Dolly
Varden
Silver
“the Dolly Varden deposits
may be silver-rich analogues
to the precious metal-rich
Eskay Creek deposit”
(Dunne and Pinsent (2002) of the BC Geological Survey Branch)
18

19. Dolly
Varden
Size comparison to Eskay Creek Silver
Dolly Varden footwall alteration & exhalite deposit footprint much larger 19

20. 1
Dolly
Dolly
Varden
Varden
New VMS exploration target Silver
Silver
Eskay Creek Deposit Model
with comparable geological
features at Dolly Varden
20
vertical footwall feeders mineralize horizontal ocean-floor strata

21. Dolly
Varden
Common attributes Silver
120 km
Dolly Varden Trend Eskay Creek Trend
• VMS footprint • VMS footprint
• Thick Ag rich distal exhalite • Thin exhalite, anomalous
• High sulphidation • High sulphidation
• Hazelton group formation • Hazelton group formation
• 8 km strike length • 3 km strike length
• 20 M oz Ag production, • 180 M oz Ag production
• 3.6 M oz Au production
stronger feeder alteration system at Dolly Varden 21

22. Dolly
Varden
Hydrothermal Eruption Breccia Textures Silver
ESKAY ESKAY
WOLF WOLF
22

23. Dolly
Varden
VMS deposit identification Silver
Looking NNW
Wolf Mine
Surprise
3D map-red
zone
• Largest alteration trend
in district: 5km strike
Dolly Varden Mine length on property
• Potential for gold-silver
VMS at depth beneath
intense Red Point alteration
zone
potential for new Eskay Creek-type deposit 23

24. Dolly
Varden
2011 exploration program completed Silver
Dolly • Surface of Dolly Varden & North Star mapped
• Portals re-opened and surveyed
Varden • Work camp constructed in Alice Arm
• BC Land Surveyors verified Torbrit mine grid on surface & U/G
Torbrit • Rehabilitation of underground workings scoped
• Surface of Wolf mapped and historic drill hole collars located
• BC Land Surveyors verified Wolf mine grid
Wolf • 4,600 m of diamond drilling in 21 holes
• Step-out and verification diamond drill intersections obtained
• Surface geological mapping and sampling
Red Point • BC Land Surveyors verified 1989-90 trenching and drill collars
a basis for further value creation 24

25. Dolly
Varden
Milestones since acquisition Silver
• NI 43-101 Technical Report completed
Q2/11 • Airborne survey completed
• Work camp constructed in Alice Arm
• Completed surface drilling program, 4,600m drilled in 21 holes on
Q3/11 the Wolf deposit.
• Scoped the rehabilitation of underground workings
Q4/11 • Technical reporting
• Trading of shares commenced Feb. 14, 2012 on TSX.V, Tier One
Q1/12
• Planning and permitting for road construction
• Surface drill results reported
• Design of 2012 exploration program
catalysts for value creation 25

26. Dolly
Varden
Wolf mine - Helicopter supported diamond drilling Silver
26

27. Wolf Mine: Dolly
Varden
Plan Silver
• Three mineralized zones
• Vein and Stratibound styles
• Hydrothermal breccias
• 2011 drilling indicates
native silver and silver-
bearing sulphides over large
widths
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28. Dolly
Varden
Wolf longitudinal projection - 2011 Drilling Silver
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29. Dolly
Varden
Experienced Board of Directors Silver
John King Burns • Former CFO of Drexel Burnham Lambert Commodity Group
Chairman • Former managing director of Barclays Metals Group
• 30+ years of extensive capital markets and resource sector experience
Allan Marter • 30+ years experience as a Chartered Accountant and CFO of various
Director mining companies, including 7 years as President of EURO Ressources S.A.
• Former Director of Minera Andes
• Experienced in exploration, development and operational stages.
Ron F. Nichols, P. Eng. • 30+ years (20 years with Cominco) of exploration and development
President & CEO experience including Valley Copper and Snip Mines in BC
• Recently re-started Ag-Cu-Pb-Zn La Negra Mine, Mexico and silver Shafter
Mine, Texas
Paul J. McGuigan, P. Geo. • Principal of Cambria Geosciences Inc., formerly with Esso Resources
VP Exploration • 35+ years of experience in mineral exploration and mining operations
• Active in BC exploration since 1975
Allen Ambrose, P. Geo. • 30+ years of exploration and mining experience
Director • Co-discoverer of Brisas del Cuyuni gold deposit
• Director/Co-founder of multiple resource companies incl. Minera Andes
Theo Sanidas • 10+ years of mining industry experience
Director • Extensive capital markets background
• Experience with M&A, financing and corporate restructuring activities
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30. Dolly
Varden
Capital structure Silver
Dolly Varden Silver Corporation Upon Listing
Issued Common Shares 80,265,000
Options 6,375,000
Warrants 10,479,400
Fully Diluted Shares O/S 97,119,400
Basic cash* $2.7 MM
Debt Nil
Market Cap (Basic @ $0.25/share) Approx. $20 MM
* Cash position would increase by $3.016 million if all warrants and options
exercised
project potential scope & size will allow company to create significant value

31. Dolly
Varden
Corporate Overview Silver
• Evaluating the re-start of historic Dolly
Varden silver mines, BC
• Exploring a major untested Eskay Creek-
type gold and silver target
• Senior management team experienced in
both Eskay Creek-type exploration and re-
starting old mines
• 2011 diamond drill program of 4,600 m in
21 holes
31

32. Dolly
Varden
Silver
Dolly Varden Silver Corporation
Suite 910 – 355 Burrard Street
Vancouver, British Columbia
Canada V6C 2G8
Tel: 778-383-3083
Toll free: 1-855-381-3530
Ron F. Nichols
President, CEO & Director
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