Dolly Varden Silver Announces Issuance of Stock Options

VANCOUVER, BC--(Marketwired - February 26, 2015) - Dolly Varden Silver Corp. (TSX VENTURE: DV) (OTCBB: DOLLF) ("Dolly Varden" or the "Company") announces that its Board of Directors has approved the grant of 2,150,000 stock options to directors, officers, employees, and consultants pursuant to the Company's approved stock option plan. The options are exercisable at a price of $0.07 per share, and will vest in accordance with TSX Venture Exchange rules. 500,000 options have a term of two years and the remainder have terms of five years. The issuance of options is subject to the approval of the TSX Venture Exchange.

About Dolly Varden
Dolly Varden Silver Corp. is a mineral exploration company focused on the exploration of the Dolly Varden silver property located in northwestern British Columbia, Canada. The entire DV 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-V under the symbol DV and on the OTCBB system under the symbol DOLLF.

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

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.