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DEF.V ·

Defiance Announces Correction to Warrant Extension

Share Capital & Compensation

DEFIANCE ANNOUNCES CORRECTION TO WARRANT

EXTENSION

FOR RELEASE: September 12, 2019 TSXV: DEF

OTC: DNCVF

VANCOUVER, B.C. - Defiance Silver Corp. (the “Company”) announces that it has applied for TSX Venture

Exchange (“Exchange”) appro val to extend by one year the expiry date of an aggregate of 5,750,001

outstanding warrants (not 6,187,201 warrants as announced September 4, 2019) exercisable at $0.45

per share.

The particulars of the proposed extension to the terms of the warrants are as follows:

• 4,860,001 warrants (not 5,232,401 warrants as announced September 4, 2019) issued on

September 19 , 2017 with an exercise price of $0.4 5 per share, which are due to expire on

September 19, 2019, will be extended to September 19, 2020;

• 890,000 warrants (not 954,800 warrants as announced September 4, 2019) issued on

September 29, 2017 with an exercise price of $0.45 per share, which are due to expire on

September 29, 2019, will be extended to September 29, 2020;

The warrant term expiry date extensions remain subject to Exchange approval.

About Defiance Silver Corp.

Defiance Silver Corp. (DEF | TSX Venture Exchange; DNCVF | OTC; D4E | Frankfurt) is a district scale

resource exploration company advancing the San Acacio Silver Deposit, located in the historic Zacatecas

Silver District and the 100% owned Tepal Gold/Coppe r Project in Michoacán state, Mexico. Defiance’s

corporate mandate is to expand the San Acacio and Tepal projects to become premier Mexican silver

and gold deposits. Please visit our YouTube channel for more information on our projects.

On behalf of Defiance Silver Corp.

“Chris Wright”

Interim CEO, Chairman of the Board, Director

For more information, please contact: Corporate Development (604) 669 7315 or via email at

[email protected]

704 - 595 Howe Street, Vancouver, BC V6C 2T5

Tel: 604-669-7315 Email: [email protected]

www.defiancesilver.com

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.