Defiance Silver Corp. (Defiance or the Company) provided an update on the Zacatecas district drill program, including high grade Ag-Zn-Pb-Au mineralization in the heart of the Veta Grande vein system at the Zacatecas silver project, further extending the limits of mineralization below the 2014 resource area. Highlight of Results · DDSA-22-52 ­ Intersected high-grade silver, base metals, and gold over 0.9m (from 400.72m to 401.62m) of 4.18 g/t Au, 868 g/t Ag, 4.61% Pb and 17.05% Zn or 2,172 g/t AgEq, within a larger interval of 3.38 metres of 1.96 g/t Au, 344.91 g/t Ag, 2.12% Pb and 8.01% Zn or 956 g/t AgEq (from 400.22m to 403.60m), representing one of the highest-grade intervals drilled to date in the main San Acacio project area.

The hole was drilled approximately 50 metres below the reported high-grade intervals of DDSA-21-37, which returned 3.0m (from 270.45m to 273.45m) of 689.7 g/t Ag and demonstrates the continuity of this mineralized body at depth below the resource area. DDSA-22-53 ­ Was drilled to test approximately 50m below hole DDSA-21-40 (4.55m @ 241g/t Ag from 314.4m to 318.95m). DDSA-22-53 deviated significantly from the targeted pierce point towards the western limit of the mineralized shoot.

but still intercepted 2.0m of 0.51 g/t Au, 121 g/t Ag, 1.36% Pb and 4.85% Zn or 434 g/t AgEq (from 301.17 to 303.17m). Continued exploration in this zone further demonstrates the expanding resource potential of important structural intersections and their respective roles in resource development.