Defiance Announces Loan Financing

DEFIANCE ANNOUNCES LOAN FINANCING

FOR RELEASE: June 19, 2018 TSXV: DEF

OTC: DNCVF

Defiance Silver Corp. (“Defiance”) is pleased to announce that it has entered into a loan agreement which

allows the Company to borrow up to $700,000. The proceeds provide De fiance with the funding

necessary to continue its exploration of the San Acacio Silver project in Zacatecas Mexico.

The Loan is unsecured and will bear interest at the rate of 1% per month, accrued daily. It will mature on

the earlier of June 19, 2019 or the date Defiance closes its next equity financing. Defiance will pay a

commitment fee of 2.0% of the loan, p ayable on maturity or repayment in addition to issuing 2,058,800

warrants to the Lender, each warrant entitling the holder to acquire one common share of Defiance at

$0.34 until June 19, 2019. The issuance of the bonus warrants will be subject to the approv al of the TSX

Venture Exchange.

About Defiance Silver Corp.

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

explorer and developer advancing the San Acacio Deposit, located in the historic Zacatecas Silver District

of central Mexico. Defiance is managed by a team of proven mine developers with a track record of

exploring and developing 7 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. A Panoramic Video on

the San Acacio Deposit is available on our website.

On behalf of Defiance Silver Corp.

“Peter J. Hawley”

President & CEO

Chairman of the Board, Director

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 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.