Mr. Chris Wright reports

DEFIANCE SILVER FINALIZES LONG TERM ACCESS AGREEMENT

Defiance Silver Corp. has finalized a six-year agreement that grants the company the rights to conduct surface exploration, drilling and engineering studies in support of its Tepal gold-copper project located in Michoacan, Mexico (see news release dated June 3, 2025). The agreement also enables the company to collect essential data required for the submission of permit applications to advance the development of the project.

As consideration for these rights, the company will make annual cash payments, indexed to the annual rate of inflation in Mexico, and issue common shares with a total annual value of $40,000 (U.S.) per year to the surface rights holder. Over the six-year term, the total number of shares issued will not exceed 1.4-million.

For the coming year, the company will issue 201,452 common shares at a deemed price of 27 cents per share to the counterparty. This remains subject to approval of the TSX Venture Exchange.

About Defiance Silver Corp.

Defiance is an exploration company advancing the district-scale Zacatecas project, located in the historic Zacatecas silver district, and the Tepal gold/copper project in Michoacan state, Mexico. Defiance is managed by a team of proven mine developers with a record of exploring, advancing and developing several operating mines and advanced resource projects. Defiance's corporate mandate is to advance its projects through capital-efficient exploration focused on resource growth and new mineral discoveries.