Defiance Closes Final Tranche of Private Placement

DEFIANCE CLOSES FINAL TRANCHE

OF PRIVATE PLACEMENT

FOR RELEASE: May 6, 2019 TSXV: DEF

OTC: DNCVF

Defiance Silver Corp. (“Defiance”) is pleased to announce that it has closed the final tranche of

its previously announced private placement (the “Of fering”) in the amount of $280,230 and has

issued in connection therewith 1 ,401,152 units (“Units”) at a price of $0.20 per Unit. Each unit

consists of one common share and one common share purchase warrant. Each warrant entitles

the holder thereof to acq uire an additional common share of Defiance at an exercise price of

$0.30 until May 3, 2021. In total, Defiance raised $2,567,620 in its private placement.

With the closing of the private placement, Defiance has commenced designing a drill progra m to

test its San Acacio Silver project.

In connection with the final tranche closing, Defiance paid f inder’s fees of $ 10,200 and issued

51,000 non-transferable broker warrants. Each broker warrant entitles the holder to acquire one

common share of Defiance at an exercise price of $0.20 until May 3, 2021. The securities issued

under the Offering will be subject to a four month hold period expiring on September 4, 2019.

The Offering remains subject to the final approval of the TSXV Venture Exchange.

Mr. Peter J. Hawley, P.Geo. Interim President & CEO, Chairman of the Board to Defiance Silver

Corp, is a Qualified Person within the meaning of National Instrument 43 -101 and has approved

the technical information in this press release.

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 Deposit, located in the historic Zacatecas

Silver District and the 100% owned Tepal Go ld/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 Ac acio 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.

“Peter J. Hawley”

Interim 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 Exch ange 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.