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DEF.V ·

Defiance Announces Results of 2022 Annual and Special General Meeting

Shareholder Meetings

DEFIANCE ANNOUNCES RESULTS OF 2022 ANNUAL AND

SPECIAL GENERAL MEETING

FOR RELEASE: DECEMBER 12th, 2022 TSXV:DEF

OTCQX:DNCVF

WKN: A1JQW5

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

2022 Annual and Special General Meeting (“AGM”) of shareholders held Thursday,

December 8th, 2022.

Shareholders approved all items to be acted upon as outlined in the Management

Information Circular of the Company dated November 3rd, 2022 (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 2022 Omnibus Incentive Plan for the Company and the granting

of certain restricted share unit awards thereunder.

A total of 75,436,826 common shares of the Company were voted at the AGM,

representing approximately 31.12% 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

99.91% 0.09% 20,921,618

Christopher D.

Wright as Director

99.18% 0.82% 20,921,618

Paul A. Smith as

Director

99.19% 0.81% 20,921,618

Ronald E. Sowerby

as Director

96.03% 3.97% 20,921,618

Dunham L. Craig as

Director

99.19% 0.81% 20,921,618

James Russell

Bergin as Director

99.19% 0.81% 20,921,618

Appointment of

Auditor

99.87% 0.13% 20,921,618

2022 Omnibus Plan 94.28% 65.72% 20,921,618

2022 Omnibus Plan

(Disinterested

Shareholders)

93.29% 6.71% 20,921,618

About Defiance Silver Corp.

Defiance Silver Corp. (DEF | TSX Venture Exchange; DNCVF | OTCQX; A1JQW5 | Frankfurt) is an

exploration company advancing the district-scale San Acacio Deposit, located in the historic

Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacá n 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

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 litigation protection for forward-looking statements.