Defiance Announces $1.45M First Tranche of Private Placement Closed

DEFIANCE ANNOUNCES $1.45M FIRST TRANCHE

OF PRIVATE PLACEMENT CLOSED

FOR RELEASE: Sept 25, 2017 TSXV: DEF

OTC: DNCVF

Defiance Silver Corp. (“Defiance”) is pleased to announce that it has closed the first tranche of

its private placement in the amount of $1,458,000 and issued 4,860,001 Units at a price of $0.30

per Unit . These Units are subject to a four month hold period expiring January 20, 2018 .

Defiance management and directors have subscribed for a total of 310,000 Units.

The proceeds of the private placement will be used by Defiance to commence a drill program at

the San Acacio Silver Deposit located in Zacatecas, Mexico as well as for working capital

purposes.

Each Unit consists of one common share and one common share purchase warrant. Each warrant

will entitle the holder thereof to acquire one additional common share of Defiance for a period of

twenty-four (24) months at an exercise price of $0.45 . Finder’s fees of $112,920 and 376,400

finders’ warrants were paid in connection with the first tranche of the private placement. Each

finder’s warrant entitles the holder to acquire one common share of Defiance at $ .45 for 24

months.

A Panoramic Video on the San Acacio Deposit is available on our website, or Click Here to visit

our Defiance YouTube Channel . Defiance Silver Corp. is a silver explorer and developer

advancing the San Acacio Deposit, located in the historic Zacatecas Silver District of central

Mexico. Defianc e is managed by a team of proven mine developers with a track recor d of

exploring and developing seven operating mines to date. Defiance’s corporate mandate is to

expand San Acacio to become one of Mexico’s premier high grade wide vein silver deposits.

On behalf of Defiance Silver Corp.

“Roy Bonnell”

President & CEO

For more information, please contact: Sunny Pannu – Corporate Development (604) 669 7315 or

via email at [email protected]

2300 - 1177 West Hastings Street www.defiancesilver.com

Vancouver, BC V6E 2K3 Tel: 604-669-7315 Email:[email protected]

Neither TSX Venture Exchange nor its Reg ulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this rel ease.