13nov, pp at 1.00 for 7 mio ... news today?October 22, 2020 – Vancouver, BC: Dolly Varden Silver Corporation (TSXV: DV | U.S.: DOLLF) (the "Company" or "Dolly Varden") is pleased to announce that, due to strong investor demand, the Company intends to increase the size of its non-brokered private placement offering (the "Offering") to $7,000,000 consisting of the sale of up to 7 million common shares that qualify as "flow-through shares" as defined under the Income Tax Act (Canada) at a price of $1.00 per share (the "Offered Shares"). The proceeds raised by the Company from the sale of the Offered Shares will be used to incur eligible "Canadian exploration expenses" that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada), related to exploration of the Company's mineral properties located in British Columbia. Eventus Capital Corp. and Mackie Research Capital Corp. have been appointed as finders in connection with the Offering. The Company may pay a cash finder's fee of 6% of the gross proceeds received by the Company from investors introduced to the Company by such finders. The issuance of the Offered Shares under the Offering and the payment of the finder's fee are subject to the approval of the TSX Venture Exchange, receipt of any other required regulatory approvals and other customary closing conditions. Closing of the Offering is anticipated to occur on or about November 13, 2020. Securities issued under the Offering will be subject to a four-month-and-one-day statutory hold period.