Defiance Drills 27 Metres Grading 203 g/t Silver Equivalent

Defiance Silver (Defiance) is pleased to announce the results of the first drill hole from its ongoing drill program at the San Acacio Silver Project, located in Zacatecas, Mexico.

The drill hole targeted the Esperanza Zone and successfully intersected high grade silver over a width of 27.03 meters of hydrothermal breccia and veins assaying 202.99 g/t AgEq. This hole has extended known mineralization to over 85 metres below the current resource.

Bruce Winfield, President and CEO of Defiance Silver, said:

We are excited that the recently announced drill program has already returned one of the widest intercepts ever drilled at San Acacio. The results demonstrate that wide vein widths and high grades continue at depth and along strike at the San Acacio Silver Deposit.

We look forward to releasing further results as drilling proceeds along the 1.2 km of historic workings as well as the newly defined Quartz-Pyrite Breccia target, all which have the potential to substantially increase the size of the current resource.

Two more holes are planned within the Esperanza Zone to test the down dip extension of the mineralization in diamond drill hole SAD17-12. Additional targets to be tested are the Almaden Zone below previous drilling that returned 8.3m grading 278 g/t AgEq with mineralization open to depth.

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