Defiance Closes C$11.5 Million Brokered Private Placement

Defiance Silver Corp. (“Defiance” or the “Company”) is pleased to announce that it has closed the previously announced brokered private placement of 12,777,778 units at a price of C$0.90 per Unit (the “Offering Price”) for gross proceeds of C$11,500,000 (the “Offering”). The Offering was led by Red Cloud Securities Inc. and included Canaccord Genuity Corp. and Jett Capital Advisors, LLC (collectively, the “Agents”).

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