Defiance Silver Announces Brokered Private Placement for up to C$7.2 Million

Defiance Silver Corp. (“Defiance” or the “Company”) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (the “Lead Agent”) to act as lead agent and sole bookrunner on behalf of a syndicate of agents (together with the Lead Agent, the “Agents”) in connection with a best efforts, private placement of up to 8,000,000 units of the Company (the “Units”) at a price of C$0.90 per Unit (the “Offering Price”) for gross proceeds of up to C$7,200,000 (the “Offering”).

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