VANCOUVER, B.C. – Defiance Silver Corp. (the “Company” or “Defiance”) reports that it intends to settle up to $150,000 of debt through the issuance of up to 535,715 common shares of the Company (the “Shares”) at a deemed price of $0.28 per Share to certain creditors of the Company, including certain of its directors and officers (the “Creditors”).