Results from DEF Silver mapping and surface sampling campaign arrived!

Defiance Silver Corp. Reigstered and Records Office Suite 2900-550 Burrard Street Vancouver, BC, V6C 0A3 Canada Tel: [+1 (604) 343-4677](tel:+1 (604) 343-4677) Email: info@defiancesilver.com --------------------------------------------------------------- Defiance Silver Delineates High-Grade Polymetallic and Precious Metal Systems at Its Lucita Property TSXV: DEF | OTCQX: DNCVF | FSE: D4E | WKN: A1JQW5 Follow us! We are pleased to provide an update on the results from the ongoing mapping and surface sampling campaign at our Lucita property in Zacatecas, Mexico. The results presented in our latest release demonstrate the district-scale potential of Defiance’s Zacatecas district land package. Chris Wright, Chairman & CEO, noted: “These surface results indicate that there is a robust polymetallic system present at Lucita North. When coupled with our excellent first-pass drilling results in Lucita South, the exploration prospectivity of the Lucita property remains high. We believe that the property contains several of the top targets in the Zacatecas district.” The Lucita property was acquired under an option agreement with Pan American Silver Corp. in 2020 and is now 100% owned by Defiance (see News Releases [December 2, 2020]( and [January 10, 2024](. Defiance’s Lucita property is located in the Zacatecas mining district within the Central Mexican Silver Belt, a belt of world-class mining districts including Sombrerete, Fresnillo, Zacatecas, and Guanajuato. The mineralized systems at both Lucita and Defiance’s San Acacio project have similar characteristics to other ore deposits in the belt, such as: - Juanicipio (MAG Silver/Fresnillo) - Santo Niño (Fresnillo) - Cozamin (Capstone Copper) - San Nicolas (Agnico Eagle/Teck)   Lucita Property Overview Lucita North: Widespread, high-grade, polymetallic Ag-Zn-Pb±Au±Cu mineralization was encountered over a multi-kilometer strike length, suggesting the presence of a large mineral system with multiple mineralizing events. Lucita South: High-grade Ag-Au dominant mineralization has been encountered in drilling and surface sampling along multiple structures. The mineralization is characteristic of low-sulfidation epithermal vein systems. Surface work commenced at Lucita South and led to a first-pass drill program along the Palenque structure (see News Release [April 13th, 2022]( and [August 9th, 2022](. Recent surface work has focused on the Lucita North project. Surface geochemical results and the abundance of mapped veins demonstrate the potential for undiscovered and untested to poorly-tested, high-grade Ag-Au vein systems and Ag-Zn-Pb±Au±Cu polymetallic mineralized systems at Lucita South and Lucita North, respectively. Follow us! About Defiance Silver Corp. Defiance Silver Corp. is an exploration company advancing the district-scale Zacatecas land package, located in the historic Zacatecas Silver District, and the 100% owned Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring, advancing, and developing several operating mines and advanced resource projects. Defiance Silver’s corporate mandate is to advance its projects through capital-efficient exploration focused on resource growth and new mineral discoveries. Mr. George Cavey, P. Geo, is a Qualified Person within the meaning of National Instrument 43-101 and has approved the technical information concerning the Company’s material mineral properties contained in this press release. For more information, please contact: Investor Relations at [+1 (604) 343-4677](tel:+1 (604) 343-4677) or via email at info@defiancesilver.com. Disclaimer Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Caution Regarding Forward-Looking Information Information contained in this news release which are not statements of historical facts may be “forward-looking information” for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward looking information. The words “believe”, “expect”, “anticipate”, “contemplate”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, “understand” and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: the Company’s expectations regarding the ability of the Mining Bureau of Mexico City to reinstate ownership of the concessions to the Company, cooperation with the Mining Bureau relating to such reinstatement and the potential for any successful solution resulting therefrom. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Defiance, are inherently subject to significant technical, political, business, economic and competitive uncertainties, and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things: the inability of the Company to regain possession of its concessions; political risks associated with the Company’s operations in Mexico; the failure of the Mining Bureau in Mexico City to take any coercive action to reinstate ownership of the concessions to the Company; and the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances. For additional risk factors, please see the Company’s most recently filed Management Discussions & Analysis for its quarter ended February 29, 2024, available on SEDAR at www.sedarplus.ca. There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance, or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Defiance, and prospective investors should not place undue reliance on forward looking information. Forward-looking information in this news release is made as at the date hereof. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law. This message was intended for {EMAIL} , as a subscriber and/or customer of Kitco. [Update Your Email Preferences]( | [Privacy Policy]( | [Contact us]( | [Unsubscribe]( All logos, brand names and/or trademarks that appear here are the property of their respective copyright holders. © 2024 Kitco Metals Inc. 620 Cathcart, Suite #900, Montreal, Quebec, H3B 1M1 Canada.