Vancouver, British Columbia – (Newsfile Corp. – December 2nd, 2020) – Defiance Silver Corp. (“Defiance” or the “Company”) is pleased to announce that it has entered into a definitive option agreement with Pan American Silver Corp. (“Pan American”) to acquire a 100% interest in Pan American’s Lucita property, located adjacent to Defiance’s San Acacio project (Figure 1). If the option requirements are satisfied and the option is exercised by the Company, this acquisition would nearly triple the land position of Defiance in the historic Zacatecas silver district to over 4,300 Ha and contains some of the most prospective targets in the camp.