Defiance Acquires Option To Purchase Royalty At Tepal Gold And Copper Project

Defiance_17122020

Vancouver, British Columbia – (Newsfile Corp. – December 17th, 2020) – Defiance Silver Corp. (“Defiance” or the “Company”) is pleased to announce that Geologix Explorations Mexico, S.A. de C.V., a subsidiary of Defiance Silver Corp., has acquired an option to repurchase the royalty on the company’s Tepal project in Michoacán, Mexico from Minera Tepal, S.A. de C.V (“Minera Tepal”). The company has the option to acquire the existing 2.5% NSR from Minera Tepal over four years for total consideration of USD $4.85 million. Payments may be accelerated at the option of the purchaser.

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