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To: Goose94 who wrote (19028)	6/14/2016 10:20:20 AM
From: Goose94	Respond to of 202372

DV-V new 52 with heavy hitters.

To: Goose94 who wrote (19028)	6/27/2016 2:30:23 PM
From: Goose94	Respond to of 202372

DV-V halted

To: Goose94 who wrote (19028)	6/28/2016 7:54:30 AM
From: Goose94	Read Replies (2) \| Respond to of 202372

Dolly Varden Silver (DV-V) June 27, '16 acknowledges the announcement made on June 27, 2016 by Hecla Mining (HL-NY) (together with its affiliates, “Hecla”) that Hecla will make an unsolicited takeover bid (the “Hecla Offer”) for all of the issued and outstanding shares of Dolly Varden that Hecla does not own. Dolly Varden has not received any formal bid for consideration from Hecla and advises that Dolly Varden’s shareholders take no action at this time. As announced on June 13, 2016, Dolly Varden entered into binding agreements with three lenders for a new short-term loan facility, to pay out the existing Hecla/Gipson loan. It is Dolly Varden’s stated goal to become debt free. To do this, the Company requires some flexibility in its arrangements with its lenders. Restrictions in the Hecla/Gipson loan prohibit Dolly Varden from issuing securities to pay off the Hecla/Gipson loan without obtaining the consent of Hecla. The new loans specifically allow Dolly Varden to issue securities to repay the new loans giving the Company the ability to become debt free, which Dolly Varden’s board strongly considers to be in the best interest of the Company. As previously announced, Dolly Varden expects the Hecla/Gipson loan to be repaid on or about June 28, 2016. “After a very difficult period of restructuring, Dolly Varden is emerging as a stronger company with a lean share structure, improved market interest, and a valuable asset – the Dolly Varden silver project. Our board strongly believes that the value of the company cannot be fully realized as long as the Company remains in debt. We’ve had a number of discussions this year with Hecla regarding options for Dolly Varden to repay the Hecla/Gipson loan. Dolly Varden, Hecla and Gipson were not able to come to terms on converting debt to equity, a loan extension or an equity financing. The new loans permit Dolly Varden to discharge the Hecla/Gipson loan and to complete an equity financing to repay the new loans prior to their maturity date without obtaining the consent of the new lenders. In addition, the warrants issued with the new loans are no more dilutive than the same number of warrants with a lower exercise price issued to Hecla and Gipson under the Hecla/Gipson loan. Notwithstanding the foregoing, Dolly Varden’s board and advisors will give serious consideration to the formal Hecla takeover proposal,” said Rosie Moore, Director and Interim CEO and President of Dolly Varden. The Company is in the process of reviewing and evaluating the Hecla Offer as described in Hecla’s press release. The Company expects that a special committee of the Board of Directors of the Company will be appointed to assist the Board in (a) fulfilling its legal and fiduciary duties in respect of the Hecla Offer and (b) making every effort to maximize value for the benefit of Dolly Varden shareholders and other stakeholders. The Company recommends that shareholders defer from taking any action in respect of the Hecla Offer until the Board of Directors of the Company makes a recommendation as to the merits of a formal offer if any is received from Hecla. Shareholders will be promptly notified of any recommendation by the Board of Directors through a news release and circular in accordance with applicable securities laws. About Dolly Varden - Dolly Varden Silver Corporation is a mineral exploration company focused on the exploration of the Dolly Varden silver property located in northwestern British Columbia, Canada. The entire Dolly Varden property is considered to be highly prospective for hosting high-grade precious metal deposits, since it comprises the same structural and stratigraphic setting that host numerous other, on-trend, high-grade deposits (Eskay Creek, Brucejack). The Company’s common shares are listed and traded on the TSX Venture Exchange under the symbol DV and on the OTCBB system under the symbol DOLLF. Contact Information: Dolly Varden Silver Corporation Rosie Moore, Interim CEO and President 1-604-925-5881 www.dollyvardensilver.com