Defiance Commences 5000 Metre Drill Program Targeting New Silver Shoots

DEFIANCE COMMENCES 5000 METRE DRILL PROGRAM

TARGETING NEW SILVER SHOOTS

FOR RELEASE: Oct 31, 2017 TSXV: DEF

OTC: DNCVF

Defiance Silver Corp. (“Defiance” ) is pleased to announce the commencement of a Phase II ,

5,000 meter drill program targeting new high-grade silver shoots along a 900m section of the

Veta Grande vein located southeast of the San Acacio Silver Deposit in Zacatecas, Mexico.

“We are excited to begin the first systematic drill program testing the Veta Grande vein east of

San Acacio. Ou r geological model indicates that with the Veta Grande tilting to the south east,

historic miners did not recognize the potential of the vein along strike. If our model is correct,

we could dramatically expand the district ’s silver footprint. With two di amond drills operating,

we look forward to a steady flow of drill results over the next three months.” stated Roy Bonnell,

President and CEO of Defiance Silver Corp.

The Veta Grande vein, which pinches and swells along strike, produced approximately 200 M

ounces of silver from h igh-grade shoots in the swells, with an estimated 100M ounces of silver

from high -grade shoots on Defiance’s portion of the Veta Grande. Mapping, mineralogical

studies and drilling to date indicate that the pinching and swelling continues along strike and the

mineralized system hosting the San Acacio deposit is tilted to the southeast. With only a few

shallow historic exploration shafts and minor modern exploration, there is significant potential

for the discovery of multiple intact , high grade silver shoots in this area . Over 4.4 km of

Defiance's 5.6 km holdings along the Veta Grande vein have not seen historical production nor

been systematically explored , providing Defiance the opportunity to potentially grow the

resource along strike.

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 developi ng 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.

Mr. Bruce Winfield, P.Geo. consultant to Defiance Silver Corp, is a Qualified Person within the

meaning of National Instrument 43 -101, and has approved the technical information concerning

the Company’s material mineral properties contained in this press release.

On behalf of Defiance Silver Corp.

“Roy Bonnell”

President and 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.