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DEF.V ·

Defiance Comments ON Recent Market Activity

Corporate Updates

DEFIANCE COMMENTS ON RECENT MARKET ACTIVITY

FOR RELEASE: JULY 2nd, 2020 TSXV: DEF - OTC: DNCVF

At the request of IIROC, Defiance Silver Corp. ("Defiance" or the " Company") wishes to

confirm that the Company’s management is unaware of any material change in the Company’s

operations that would account for the recent increase in market activity.

About Defiance Silver Corp.

Defiance Silver Corp. (DEF | TSX Venture Exchange; DNCVF | OTC; D4E | Frankfurt) is a n

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 wi th 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 +1 917-563-3821 or via email at

[email protected].

www.defiancesilver.com

704 - 595 Howe Street

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 ad equacy 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 min eral 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.