Dolly Varden Silver: Releases 3D Geological Model

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 22, 2014) - Dolly Varden Silver Corp. (TSX VENTURE:DV)(OTCBB:DOLLF) ("Dolly Varden" or the "Company") is pleased to announce the publication of its first 3D geologic model of the Dolly Varden property, near Kitsault in Northwestern BC. The model was created in conjunction with TerraLogic Exploration Inc., Dolly Varden's new exploration and geologic consultant. The 3D model has been a critical tool in understanding the overall geometry of the property geology and provides spacial outlines and visualizations of our three priority target Corridors.

The three targeted drilling/exploration Corridors are the 1) Torbrit-Red Point Corridor - following known silver mineralization underneath Red Point, an Eskay-Creek style target; 2) Musketeer Corridor - which runs along the East side of the Kitsault river with numerous Ag-rich epithermal vein-type showings with strong potassic radiometric signatures; and 3) Wolf-Surprise Corridor where an Eskay-Creek style host-formation containing silver-rich VMS mineralization was identified by the Company's 2011 drill program.

In addition, a number of important new trends and additional specific geophysical targets were identified straddling the Northern border of the Dolly Varden property. These targets will require additional ground work and could be explored in partnership with the operators of the neighbouring properties.

To view an image of the 3D model accompanying this press release and obtain other project/corporate information, please visit www.dollyvardensilver.com. The 3D model is also available to download and view in Leapfrog Geo from the Dolly Varden website: http://dollyvardensilver.com/dolly-varden-project/dolly-varden-3d-model-2/.

TerraLogic Exploration Inc. provides mineral exploration and geologic consulting to the mining and exploration industry. Located in Cranbrook, British Columbia, TerraLogic has been operating mineral exploration projects in North America since 2004. Since then, they have successfully managed over $48 million of exploration activity. TerraLogic has been mandated to manage and execute Dolly Varden's 2014 Work program. Please visit www.terralogicexploration.com for additional information.

Please visit www.dollyvardensilver.com for additional project and Company information.

About Dolly Varden

Dolly Varden Silver Corp. is a mineral exploration company focused on the exploration and development of the Dolly Varden silver property located in Northwestern British Columbia, Canada. The Dolly Varden silver property consists of 9,400 hectares that includes four well-defined high grade silver deposits, two of which have seen historical production totaling 20 million ounces of silver. All four deposits have remaining historical mineral resources and are situated in the same geologic setting as the past-producing Eskay Creek deposit. The Company has two near-term objectives for creating value at the Dolly Varden silver project: 1) confirm and expand the existing historical silver mineralization, and 2) explore and discover major Eskay Creek-type gold and silver rich VMS targets and large epithermal systems. The Company's common shares are listed and traded on the TSX-V under the symbol DV and on the OTCBB system under the symbol DOLLF.

Technical Information

Ron F. Nichols, P.Eng. of Dolly Varden, who serves as a Qualified Person under National Instrument 43-101, supervised the preparation of the scientific and technical information concerning this news release. Further information regarding the Dolly Varden silver property, including that relating to historical production and resource estimates, can be found on the company's website and in the Company's Geology and Mineral Exploration of the Dolly Varden Property, Technical Report, dated September 5, 2011.

Forward-looking statements

Statements in this release that are forward-looking statements, including the timing of commencement, size and scope and results of contemplated exploration programs on the Dolly Varden silver property and assumptions about the geological characteristics of the property (including the existence of any gold and silver mineralization), are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in the Company's periodic filings with Canadian securities regulators. When used in this document, the words such as "expected", "planned", "forecast", "scheduled" "targeting" and similar expressions are forward-looking statements. Information provided in this document is necessarily summarized and may not contain all available material information.

All such forward-looking information and statements are based on certain assumptions and analyses made by Dolly Varden Silver Corp. in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading "Risks Factors" in the Company's most recently filed MD&A. Readers are cautioned not to place undue reliance on forward-looking information or statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.