Defiance Silver Completes Final Option Payment to Secure 100% Ownership of San Acacio

Defiance Silver Corp. ( TSXV: DEF ) ( FSE: D4E ) ( WKN: A1JQW5 ) (" Defiance " or the " Company ") is pleased to announce that it has successfully completed the final option payment for the San Acacio mining concessions. This payment, executed through its wholly owned subsidiary, Minera Santa Remy S.A., grants the Company a 100% interest in the San Acacio property at its Zacatecas Silver Project, located in the historic Zacatecas silver district of Mexico. The San Acacio property covers the historic, silver-rich Veta Grande vein system, which has a multi-century mining history. The vein system trends northwest-southeast through the property and outcrops in the western portion, with numerous historic surface and underground workings along a 2 km of strike length. The land package covers approximately 50% of the historic mine workings in the Veta Grande system, including adjacent ground considered prospective under modern exploration methods. The Company is currently in the midst of completing a 10,000-metre drill program at the Zacatecas Project designed to confirm the extension of the known mineralized structures both laterally and vertically as well as to validate the current geological model that will be used for the upcoming Mineral Resource Estimate. Exploration potential remains at depth, with the Veta Grande system extending to at least 335 metres and other district veins extending beyond 1 km. Historic data includes 10,234.6 metres drilled in 44 holes and 233 trench and chip samples, while a further 10,000-plus metres in 32 holes were completed between 2014 and 2019, testing the system at depth beyond previous programs, with several holes intercepting mineralization below prior limits. Earlier work evaluated an open-pit scenario, while current efforts assess underground mining potential, and base metals, not studied in detail before 2019, represent an additional consideration. Securing 100% owners...