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DEF.V ·

Defiance Silver Provides Update on San Acacio Agreement

Corporate Updates

Defiance Silver Provides Update on San

Acacio Agreement

Vancouver, British Columbia--(Newsfile Corp. - December 20, 2024) - Defiance Silver Corp. (TSXV:

DEF) (FSE: D4E) (WKN: A1JQW5) ("

Defiance

" or the "

Company

") announces the extension of the

San Acacio Silver Project option agreement

Defiance through its wholly owned subsidiary, Minera Santa Remy S.A., has, at the Vendor's request,

agreed to extend the term of its option to acquire 100% of the San Acacio property in the Zacatecas

district. As a result of this amendment, the scheduled payment due December 31, 2024, has now been

changed to March 31, 2025 (See

January 10

th

and

October 21

st

, 2024 news for more details). The

amendment was signed by both parties and is pending ratification in the presence of a notary public in

Mexico City. There were no changes to the economic terms of the option agreement.

About Defiance Silver Corp.

Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) is an exploration company

advancing the district-scale Zacatecas Project, located in the historic Zacatecas Silver District and the

Tepal Gold/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 advance our projects through capital-

efficient exploration focused on resource growth and new mineral discoveries.

On behalf of Defiance Silver Corp.

"Chris Wright"

CEO & Chairman of the Board

For more information, please contact: Investor Relations at +1 (604) 343-4677 or via email at

[email protected]

www.defiancesilver.com

Suite 2900-550 Burrard Street

Vancouver, BC V6C 0A3

Canada

Tel: +1 (604) 343-4677

Email:

[email protected]

Disclaimer

Neither the 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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/234631