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DEF.V ·

Defiance Announces Results of 2021 Annual and Special General Meeting

Shareholder Meetings

DEFIANCE ANNOUNCES RESULTS OF 2021 ANNUAL AND

SPECIAL GENERAL MEETING

FOR RELEASE: DECEMBER 13TH, 2021 TSXV: DEF

OTCQX: DNCVF

Defiance Silver Corp. (“Defiance” or the “Company”) announces the results of its

2021 Annual and Special General Meeting (“AGM”) of shareholders held virtually on

Wednesday, December 8th, 2021.

Shareholders approved all the resolutions detailed in the management information

circular of the Company dated October 26th, 2021 (the “Circular”), namely:

• Electing all the nominees to the Board of Directors of the Company.

• Appointing Davidson & Company LLP as auditor of the Company for the

ensuing year and authorizing the directors to determine the auditor’s

compensation.

• Approving the 2021 Omnibus Incentive Plan for the Company and the granting

of certain restricted share unit awards thereunder.

A total of 90,449,078 common shares of the Company were voted at the AGM,

representing approximately 41.07% of the issued and outstanding common shares of

the Company, with the following results:

RESOLUTION VOTES

FOR

VOTES

AGAINST

VOTES

WITHHELD

To Set the number of Directors at Five 99.97% 0.03% -

Christopher David Wright as Director 98.02% - 1.98%

Paul A. Smith as Director 99.94% - 0.06%

Ronald E. Sowerby as Director 96.54% - 3.46%

Dunham L. Craig as Director 99.94% - 0.06%

James Russell Bergin as Director 96.69% - 3.32%

Appointment of Auditors 99.77% - 0.24%

2021 Omnibus Equity Incentive Plan 92.30% 7.70% -

2021 Omnibus Equity Incentive Plan* 92.09% 7.91% -

* (disinterested shareholders only)

About Defiance Silver Corp.

Defiance Silver Corp. (DEF | TSX Venture Exchange; DNCVF | OTCQX; D4E | Frankfurt) is an

exploration company advancing the district-scale San Acacio Deposit, 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’s corporate mandate is to expand the San Acacio and Tepal projects to become

premier Mexican silver and gold deposits.

On behalf of Defiance Silver Corp.

“Chris Wright”

Chairman of the Board

For more information, please contact: Investor Relations at +1 (604) 343-4677 or via email at

[email protected].

www.defiancesilver.com

Suite 2900-550 Burrard Street

Vancouver, BC V6C 0A3

Canada

Tel: +1 (604) 343-4677 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.

This news release may contain forward -looking statements including but not limited to

comments regarding timing and content of upcoming work programs, geological

interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-

looking statements address future events and conditions and therefore involve inherent risks

and uncertainties. Actual results may differ materially from those currently anticipated in such

statements. Defiance Silver Corp. relies upon liti gation protection for forward-looking

statements.