Dolly Silver Corporation

1
Dolly Silver Corporation

• PRESENTATION ON A TSX VENTURE LISTING AND FLOW
  THROUGH / HARD FINANCING PROPOSAL
• November 2008

2
Opportunity

• To explore and develop one of Canadas premier
  silver plays Dolly Varden Silver Camp - south
  of Stewart, British Columbia close to good
  infrastructure
• Dolly Silver would earn a 50 interest in the
  Dolly Varden silver properties and deposits
  (6,576 hectares) for an exploration spend of 7.5
  million over a 3 year period. Thereafter joint
  venture with Dolly Silver as the operator
• In addition Dolly Silver owns approximately 3,025
  hectares of prospective silver claims adjacent
  and contiguous to the Dolly Varden properties
• Historical reserves and resources of 34.7 million
  ounces silver in Dolly Varden Mines
• Potential to delineate multi tens of million
  ounces of silver and gold
• 43-101 Technical Reports completed July 2008 and
  October 2008 identifies Dolly Silver / Dolly
  Varden properties as Eskay Creek look-a-like

3
Dolly Silver Corporation Property Location

• 30 km from tidewater (Alice Arm) via new road
• Hydro power under development (Anyox Hydro)
• Rail access at Kitwanga (100 km)
• Town site at Kitsault (30 km) connected to
  regional highway system
• Native claims settled

4

• LOCATION MAP
• Stewart Gold belt
• Hazelton Group volcano-sedimentary arc assemblage
  (green outline Lower Jurassic Age rocks)
• Major related Au-Ag deposits

5
General Geological map Dolly Varden deposits
analogous to Eskay Creek deposits rocks and
structural location
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Dolly Silver Corporation Exploration Properties

• Dolly Varden Property recognised as a precious
  metal rich volcanogenic massive sulphide - very
  similar to Eskay Creek
• Close proximity to Bravos Homestake Ridge
  discovery

7
Dolly Varden Mines History

• Dolly Varden and North Star Mines produced 1.3
  million ounces silver from 1919-1921 at an
  average grade of 1224 g/t silver Herbert Hoover
  financed this operation before becoming US
  President
• Torbit Mine produced 18.6 million ounces silver
  from 1949 1959. Recovered grade averaging
  466.3 g/t silver
• 1981 calculated Proven and Probable Reserve 5.7
  million ounces, silver 29 million ounces
  Possible Reserves by Derry, Michener, Booth
• 1990 - Breakwater Resources / Dolly Varden Mines
  have outlined historical proven, possible and
  probable resources of 1.5 million tons containing
  14.2 million ounces silver
• 1990 developed exploration tunnel underneath
  Dolly Varden mine very limited exploration
  company needed funds for oil and gas project

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Exploration Drift at Dolly Varden Mine (/- 1990)
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Dolly Silver Corporation A potential world class
gold / silver rich VMS deposit
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Dolly Silver Corporation Precious metal rich
volcanogenic massive sulphide geological model
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Target Deposit Types
Dolly Silver Corporation

• Stratiform / stratabound gold, silver and base
  metal mineralization in Lower-Middle Jurassic
  Hazelton Group High Sulphidation VMS Deposits
• Gold-silver vein and stockwork mineralization
• High sulphidation epithermal gold-silver deposits
• Features indicative of all of the above targets
  are found on the Dolly Varden Properties

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Geological Highlights

• Setting is a graben or half graben structural
  setting with an extensive basin that accumulated
  exhalites and debris flow facies mineralization
• Divided into
• Dolly Varden Torbrit (DVT) Area
• Goldbelt Area
• All DVT and Goldbelt zones are related to felsic
  volcanism and stringer zone mineralization within
  andesite and basaltic andesite 10 km strike
  length
• DVT exhalite horizon has a hanging wall zone of
  black chlorite matrix debris flow with exotic VMS
  fragments

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Dolly Varden North Star Torbrit (DVT Area)
Dolly Silver Corporation

• These 3 silver deposits occur on an extensive,
  nearly continuous horizon of hydrothermal
  eruption breccia, chemical sediments (exhalite),
  volcanogenic massive sulphides and debris flows
• Contains barite, base and precious metal
  sulphides, native silver, jasper, chert, and/or
  calcite
• Foot wall rocks are commonly chlorite altered
• Produced 19.9 million ounces of silver 1919-1956
• DVT Exhalite extends for 3 km, part of 6 km
  trend of deposits and prospects up to 60m thick

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Goldbelt Zone
Dolly Silver Corporation

• Felsic volcanism and stringer zone mineralization
  extending between Homestake property (Bravo
  Ventures) and the DVT Exhalite zone
• Mostly a 4 km by 1km py-ser-qtz stringer zone in
  Betty Creek formation, terminating up section
  with Salmon River formation (similar to Eskay
  setting) with Cu, Ag, Au, Sb, As, Zn, Pb soil
  anomalies
• Red Point a 1 x 1km kspar-black
  chlorite-qtz-py-cpy-Au-Ag stockwork and
  hydrothermal eruption breccia zone, adjacent to
  the DVT Exhalite zone

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Project Work to date
Dolly Silver Corporation

• Engaged Cambria Geosciences Inc. (Cambria) to
  recover and compile all known existing geological
  information from early 1900s through to 2003
  into one single referenced data base
• Estimated 30 million spend to date on Properties
• Compile two 43-101 Reports
• Dolly Varden Property
• Dolly Silver Property
• Develop project models and exploration programs

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Work Program - 3.5 million
Dolly Silver Corporation

• Based on Cambria Geosciences Inc. NI 43-101
  reports recommendations prepared for exploration
  programs
• Recommended exploration focused on the Red Point,
  North Star, and Torbrit zones, in stratigraphy
  near the Betty Creek Salmon River formation
  contact.
• Develop targets in the Goldbelt, Surprise and
  Wolf zones
• Special emphasis on the Goldbelt, on the NW
  fringe, including the Copper Cliff zone

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Dolly Silver Corporation

• MANAGEMENT
• Glenn Laing - President/Director
• Mr. Laing has over 30 years experience in
  the management and financing of companies in the
  natural resource industry. He is the President of
  Silverbridge Capital Inc., a position he has held
  since December 1999.
• W. F. Christensen Chairman/Director
• Mr. Christensen is an officer and director
  of Dolly Varden Resources Ltd and Jumbo Petroleum
  Corporation. He was formerly an officer and
  director of Lytton Minerals Limited.
• Dr. Roger Steininger, Ph. D Director
• Dr. Roger C. Steininger Ph.D., has more
  than 40 years experience in the minerals industry.

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Dolly Silver Corporation

• Private British Columbia Company (2007) planning
  TSX Venture Listing late 2008
• Raised 1 million in First Round seed funding
  20 million shares 4 million commission shares
  (Total 24 million shares)
• Acquired Dolly Silver mining claims 12 million
  shares
• Second Round (Pre Listing) Financing 4 million -
  20million _at_ 20 cents per share
• Use of proceeds of Second Round 4million
• 3,500,000 Exploration Program (May-October
  2009)
• 500,000 General corporate expenses

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TSX Venture Listing

• Reverse Takeover of Existing TSX Venture Capital
  Pool Company (CPC) Carrington Acquisitions
  Inc TSXVCAQ
• Raise 4 million Pre-Listing Financing
• Filing Statement / Documents in front of TSX
  Venture Exchange
• December 2008 Listing date

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TSX Venture Post Listing Capital Structure

• Existing Carrington shareholders 5,300,000
• Dolly Silver / Carrington Share Exchange
  46,000,000
• Flow Through / Hard Financing 20,000,000
  _at_0.20 per share
• Concurrent Listing Financing 2,000,000_at_ 0.25
  per share
• Financing Warrants _at_ 0.25 /share 10,000,000
  Forced Exercise if share price 0.75
• Broker Warrants _at_0.20 per share 2,500,000
• Total Common Shares Listed 73,300,000
• Market Cap on Listing _at_0.20 per share - 14.66
  million
• Dolly Silver shareholders have contributed 2
  million cash plus 3 mining claims to date into
  Dolly Silver. Total contribution 2.6 million

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Use of Proceeds

• Pre-Listing Financing - 4 million
• 2009 Drilling program - 3.5 million
• 2008 and 2009 Corporate - 0.5 million
• Concurrent Listing Financing - 0.5
  million
• Based on exercising warrants 3 million
• 2010 Drilling Program - 2.5 million
• 2009 and 2010 Corporate - 0.5 million

22
2008-2010 Business Plan and Exploration Program

• Pre-Listing Financing October November
  2008
• List Company on TSX Venture December 2008
• January 2008 - April 2009 Develop and plan 2009
  exploration program
• May 2009 Oct. 2009 Prospecting and Drill
  Program
• November 2009 Jan. 2010 Analysis, Reports etc
• January May 2010 Update 43-101 Report
  Resources Interpretation, planning
• January May 2010 Exercise warrants
• June Oct 2010 Prospecting and Drilling
  Program
• Complete 50 Earn In September 2010
• November 2010 Jan. 2011 Analysis, Reports etc

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Summary and Conclusions

• Over 30 million previous geological and
  exploration data compiled into one single
  referenced data set.
• Properties located close to good infrastructure
• Historical reserves and resources of 34.7 million
  ounces silver in Dolly Varden Mines
• Potential to delineate multi tens of million
  ounces of silver and gold
• Very close similarities to Eskay Creek Eskay
  Creek deposit is well understood Dolly Varden
  Properties are a geological look-a-like
• Drill ready targets Summer 2009 Program
• Dolly Silver will be one of the only true
  Canadian listed silver companies based in
  British Columbia in one of the Canadas most
  under explored silver camps the Dolly Varden
  Silver Camp
• Potential to be the next Eskay Creek one of
  the worlds richest precious metal VMS deposit