Dolly Varden Silver Corporation (TSX.V: DV | U.S.: DOLLF) (the "Company" or "Dolly Varden") announces that it has terminated its agreement (the "IR Agreement") with Skanderbeg Capital Advisors Inc. ("SCA") pursuant to which SCA provided certain investor relations and other consulting services to the Company. In connection with the termination of the IR Agreement, the expiry date of the 150,000 options to purchase Dolly Varden shares previously granted to SCA will be shortened to February 15, 2018.

About Dolly Varden

Dolly Varden Silver Corporation is a mineral exploration company focused on exploration in northwestern British Columbia. Dolly Varden has two projects, the namesake Dolly Varden silver property and the nearby Big Bulk copper-gold property. The 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 Big Bulk property is prospective for porphyry and skarn style copper and gold mineralization similar to other such deposits in the region (Red Mountain, KSM, Red Chris).

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".

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

SOURCE Dolly Varden Silver Corp.

View original content: http://www.newswire.ca/en/releases/archive/November2017/17/c3476.html

SOURCE: Dolly Varden Silver Corp.

Dolly Varden Silver Corporation, Gary Cope, President and CEO, 1-604-687-8566,
www.dollyvardensilver.com; Dolly Varden Silver Corporation, Alex Tsakumis, Vice
President - Corporate Development, 1-604-687-8566 X228, Email: alex@belcarragroup.com