Dolly Varden Silver Appoints George W. Heard as New CEO and President and is Exhibiting at PDAC 2014, in Toronto

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 28, 2014) - Dolly Varden Silver Corporation (TSX VENTURE:DV)(OTCBB:DOLLF) ("Dolly Varden" or the "Company") is pleased to announce the addition of George W. Heard, P.Eng as President and CEO of Dolly Varden Silver Corporation. The Company would like to thank Ron F. Nichols, P.Eng. for his dedicated work over the past two years as President and CEO and for his ongoing role as a Vice President within the company. As well, Mr. Heard will maintain his position as a Director of the firm.

Mr. Heard has over 35 years' experience in the mining industry where he has been involved in all aspects of mine exploration, feasibility, development and operations. He has managed projects in Africa, Indonesia, Brazil, Mexico, Canada and the US. As Mine Manager, Mr. Heard participated in the successful development of a 600 million dollar coal mine Joint Venture between RTZ and BP in Indonesia. Mr. Heard also worked for BHP Billiton in various positions involving the development and operation of three large tonnage surface mines in the USA. He graduated from the School of Mines in Butte, Montana with a B.Sc. in Mining Engineering in 1975 and received an M.B.A. from the University of Hawaii in 1988. Mr. Heard is currently the President, CEO and Director of Global Met Coal Corporation. He is a Registered Member of the Association of Professional Engineers and Geoscientists of British Columbia.

Mr. Heard, President and CEO, commented: "Given what I have seen, Dolly Varden could have one of the largest silver/gold projects under advanced exploration in the global market place today. I am excited to be to working with our advisors and our dedicated and experienced team to drive our project forward. I am also looking forward to meeting with current and future shareholders and partners at this year's PDAC."

Mr. John King Burns, Chairman, commented: "We are very pleased with the appointment of George Heard to the role of President and CEO. This appointment highlights the Company's evolution and advancement. Mr. Heard's intensity, drive and field management experience are necessary to allow the company to attract and put more investment into the ground, accelerate developments in order to define the scope of the targets we have already identified for the 2014 work program."