Defiance Grants Stock Options

Vancouver, British Columbia–(Newsfile Corp. – July 2, 2021) – Defiance Silver Corp. (TSXV: DEF) (OTCQX:DNCVF) (FSE:D4E) (“Defiance” or the “Company“) announces it has granted incentive stock options to certain directors and officers to purchase of an aggregate of 1,425,000 common shares of the Company at an exercise price of $0.90 (the”Options“) in accordance with the terms of the Company’s incentive stock option plan. The Options are exercisable for a ten-year term expiring June 30, 2031 and vest as follows: one-third on the date of grant, one-third twelve months following grant date and one-third twenty four months following grant date. The Company has also made certain grants to other employees and consultants in accordance with the terms of the Company’s incentive stock option plan.

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