Defiance Closes Final Tranche of Private Placement

DEFIANCE CLOSES FINAL TRANCHE

OF PRIVATE PLACEMENT

FOR RELEASE: Sept 29, 2017 TSXV: DEF

OTC: DNCVF

Defiance Silver Corp. (“Defiance”) is pleased to announce that , further to its news release of

September 25, 2017, it has closed on the final tranche of its private placement of 890,000 Units

at a price of $0.30 per Unit for gross proceeds of $267,000. These Units are subject to a four

month hold period expiring January 30 , 2018 . In total, Defiance raised $1,725,000 under its

private placement.

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 purch ase 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 $19,440 and 64,800

finders’ warrants were p aid in connection with the final tranche of the private placement. Each

finder’s warrant entitles the holder to acquire one common share of Defiance at $ 0.45 for 24

months. Total finder’s fees of $131,160 and 437,200 warrants were paid in connection with the

private placement.

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. Defiance is managed by a team of proven mine developers with a track recor d of

exploring and devel oping 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 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.