Defiance Pushes San Acacio Payments to 2018

http://www.stockhouse.com/news/press-releases/2016/04/21/defiance-pushes-san-acacio-payments-to-2018

Vancouver, British Columbia–(Newsfile Corp. – April 21, 2016) – Defiance Silver Corp. (TSXV: DEF) (OTC: DNCVF) (“Defiance”) is pleased to announce that it has renegotiated its San Acacio Silver Project purchase agreement, postponing a substantial amount of the payments due in 2016 to September 27, 2018. The postponed payments total US$300,000. In addition, the property vendor has agreed to review the 2017 payment schedule at the beginning of next year with consideration given to the state of both the TSX and the underlying silver market.

Prior to the renegotiation, Defiance had to make payments totaling US$450,000 in 2016. Now, Defiance will be making four quarterly payments of US$37,500 totaling US$150,000 instead.

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