Defiance Announces Results of 2024 Annual and Extraordinary General Meeting and Director Election

Vancouver, British Columbia–(Newsfile Corp. – December 9, 2024) – Defiance Silver Corp. (TSXV: DEF) (FSE: D4E) (WKN: A1JQW5) (“Challenge“or the”Business“) is pleased to announce the results of its 2024 annual and extraordinary general meeting (the “AGM“) held on Friday December 6, 2024.

The shareholders have approved all matters for action, as set out in the Company’s management information circular dated October 23, 2024, namely:

• Elect all candidates to the board of directors of the Company
• Appoint Davidson & Company LLP as the company’s auditor for the following year and authorize the directors to determine the auditor’s remuneration.
• Approve, ratify and confirm the Company’s 2021 Omnibus Plan

In total, 81,955,531 common shares of the Company were voted on at the meeting, representing approximately 29.89% of the issued and outstanding common shares of the Company (see below).

RESOLUTION	VOTES FOR	VOTES AGAINST	ABSENT VOTES
Set the number of directors to four	99.880%	0.120%	n / A
To elect the following people as directors:
Christopher Wright	99.592%	n / A	0.408%
Ronald Sowerby	99.648%	n / A	0.352%
James Bergin	98.076%	n / A	1.924%
George Cavey	99.455%	n / A	0.545%
Appointment of the auditor	99.844%	n / A	0.156%
Approve, ratify and confirm the 2021 Omnibus Plan	97.057%	2.943%	n / A

The Company is pleased to announce that, following the AGM, Paul A. Smith has been appointed as a Director. Mr Smith was not included in the Society’s AGM documents due to the decision not to stand for re-election. Mr Smith agreed to remain a director of the company following the mailing of the company’s AGM documents.

Defiance Silver is pleased that Paul has agreed to return to his role as a director of the company. Paul brings exceptional experience and deep industry knowledge, cultivated over a distinguished 36-year career in the non-ferrous metals mining and smelting industry.

Throughout his career, Paul has held key positions within leading organizations such as Rio Tinto Zinc, Pasminco, Mount Isa Mines and Pechiney World Trade, working in the UK and internationally. His expertise covers operations, finance and strategic development within the sector.

In addition to his extensive corporate experience, Paul was a founding shareholder and Chief Financial Officer of Ocean Partners Holdings Limited, one of the world’s leading traders of copper, zinc and lead concentrates. After contributing to the company’s growth and success, he left the company in May 2012 to explore investment opportunities and devote time to charity.

“We are thrilled to welcome Paul back to the team,” said Chris Wright, Chairman and CEO of Defiance Silver. “His unmatched experience and strategic insights will be invaluable as we continue to advance our projects.”

About Defiance Silver Corp.

Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) is an exploration company advancing the district-wide Zacatecas Project located in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in the state of Michoacán, Mexico. . Defiance is managed by a team of proven mine developers with experience in the exploration, advancement and development of multiple operating mines and advanced resource projects. Defiance’s corporate mandate is to advance our projects through capital-efficient exploration focused on resource growth and the discovery of new minerals.

On behalf of Defiance Silver Corp.

“Chris Wright”

CEO and Chairman of the Board

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.

Cautions Regarding Forward-Looking Information

Information contained in this press release that is not statements of historical fact may constitute “forward-looking information” for purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking statements are generally identifiable by the use of the words “believe”, “expect”, “anticipate”, “consider”, “plan”, “intend”, “continue”, “budget” , “estimate”, “may”, “will”, “plan”, “understand” or the negative of these words or other variations of these words or comparable terminology. These forward-looking statements concern, among other things: ability of the Company to complete and submit a new technical report for its Tepal projects and Zacatecas, and the Company’s ability to prepare an updated preliminary economic assessment for its Tepal project.

Forward-looking information is necessarily based on a number of estimates and assumptions which, although considered reasonable by Defiance, are inherently subject to significant technical, political, commercial, economic and competitive uncertainties and contingencies, which are beyond our control. the Company’s ability to control or predict. , which could cause the Company’s actual results to differ materially from those discussed in the forward-looking statements. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among others and not limited to: political risks associated with the Company’s operations in Mexico; the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances; inability to establish a mineral resource estimate; the possibility that future exploration results may not be consistent with the Company’s expectations; and other risks disclosed in the Company’s public information filing filed with applicable securities regulatory authorities. For additional risk factors, please consult the most recent management discussion and analysis filed by the Company for its fiscal year ended June 30, 2024, available on SEDAR+ at www.sedarplus.ca.

There can be no assurance that forward-looking information and statements will prove to be accurate, as many future factors and events, known and unknown, could cause actual results, performance or achievements to vary or differ materially from those. which are or may be expressed or implied by any forward-looking statements contained herein or incorporated by reference. Therefore, all of these factors should be carefully considered when making decisions regarding Defiance, and potential investors should not place undue reliance on forward-looking information. The forward-looking information contained in this press release is made as of the date hereof. The Company undertakes no obligation to update or revise any forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.