Defiance Silver San Acacio Drilling Returns High Grade Silver; Additional Holes Pending from Lucita Drilling

Defiance Silver Corp. (TSXV: DEF) (FSE: D4E) (WKN: A1JQW5) (" Defiance " or the "Company") is pleased to provide the results on the drilling campaign on the San Acacio resource drilling program on the Zacatecas project. The campaign was 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. This release contains results from holes: DDSA-26-89 through DDSA-26-92. The drilling campaign has successfully completed 6,132m distributed in 21 holes in the resource area. The samples from holes DDSA-26-89 to DDSA-26-92 are reported in this release. The company is looking forward to integrating the assay results from the San Acacio drilling into the Mineral Resource Estimate, which is currently underway. The remaining 4,064 meters were used to test highly prospective targets in the Lucita South area, including a significant test of the high-grade multi-kilometre long Palenque vein system. The Lucita project forms part of the 4,217 Ha, Zacatecas Project. Defiance has released previous grassroots discovery results in NR dated August 9, 2022 , DDLU-22-10 intersected several different styles of mineralization, including grades up to 737 g/t Ag (from 398.00m to 398.53m), and in NR dated April 13, 2022 , drillhole DDSA-21-50 returned a downhole interval of 1.15m of 1,603.90 g/t Ag (from 116.25m to 117.4m), within a downhole interval of 3.33m grading 709.04 g/t Ag (from 115.82m to 119.15m). These previously reported drill holes were the first drill holes ever recorded on the Lucita South asset in the world-class Zacatecas district. Highlights of Results DDSA-26-89 returned 2.75m of 118.94 g/t Ag (from 42.25m to 45.00m) hosted within a larger interval of Veta Grande vein system. DDSA-26-90 intersected 0.34m of 735.00 g/t Ag (from 353.58m to 353.92m) within a larger interval of 1.79 m (from 353.58m to 355.37m) grading 148.97 g/t Ag and 0.12 g/t Au. DDSA-26-91A assayed 0.31m of 990.00 g/t Ag and 0.28 g/t Au (from 307.29m to 307.60m) hosted in a larger interval of 1.40m of 221.00 g/t Ag (from 306.20m to 307.60m) and 1.49m of 41.74 g/t Ag and 1.38 g/t Au (from 368.90m to 370.39m) hosted in a larger interval of 24.00 m of 9.43 g/t Ag, 0.27 g/t Au, 0.26% Pb, and 1.03% Zn (from 347.94m to 371.94m). DDSA-26-92 returned 1.29m of 80.43 g/t Ag, 0.34 g/t Au and 0.18% Pb, and 0.34% Zn (from 291.04m to 292.33m).