Defiance Raises $1.05M IN Second Tranche of Private Placement

DEFIANCE RAISES $1.05M IN SECOND TRANCHE

OF PRIVATE PLACEMENT

FOR RELEASE: April 5, 2019 TSXV: DEF

OTC: DNCVF

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

of its previously announced private placement (the “Offering”) in the amount of $1,057,890 and

has issued in connection therewith 5,289,452 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 acquire an additional common share of Defiance at an exercise price

of $0.30 until April 5, 2021.

With the proceeds of the second tranche, Defiance significantly reduced its outstanding liabilities

and increased its cash balance. Defiance also intends to use the proceeds of the financing to

permit and complete an aggressive drill program at its San Acacio Silver project.

“We would like to thank our shareholders for participating in the second tranche of our financing

and helping us to advance our expanded project portfolio in Mexico” said Peter Hawley, CEO of

Defiance Silver.

In connection with the second closing, Defiance paid f inder’s fees of $ 21,300 and issued as

additional remuneration 106,500 non-transferable broker warrants. Each broker warrant entitles

the holder to acquire one common share of Defiance at an ex ercise price of $0.20 until August 5,

2021. The securities issued under the Offering will be subject to a four month hold period

expiring on August 6, 2019.

Defiance also announces the extension of the Offering for an additional 30-day period ending

May 5th, 2019. Closing of the Offering is subject to receipt of all required regulatory approvals

including the approval of the TSX 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 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 Mex ican 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 Exchange nor its R egulation 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.