Interview with Douglas Cavey, Executive VP of Defiance Silver Corp.

Recording date: 13th October 2023

Defiance Silver Corp. (TSX:DEF | OTCQX:DNCVF | FSE:D4E) is a silver exploration company focused on two projects in Mexico - the San Acacio project in the historic Zacatecas Silver District and the Tepal project in Michoacán state.

The San Acacio project contains an inferred silver resource of 16.9 million ounces at 182 g/t silver, indicating potential for high-grade silver mineralization. Defiance Silver is exploring extensions of known mineralization as well as new discoveries in this district that has produced over 5 billion ounces of silver historically.

The Tepal project is an advanced-stage gold-copper project with a measured and indicated gold resource of 1.8 million ounces and an inferred copper resource of 813 million pounds. Defiance Silver sees Tepal as a potential low-cost, quick-to-production project.

Defiance Silver is focused on derisking both projects through focused exploration drilling, updating resource estimates, streamlining permitting, and putting together comprehensive mine plans. The company believes there is district-scale potential at San Acacio and that Tepal could attract interest from mid-tier and major producers as an advanced development asset.

View Defiance Silver Corp's Company Profile: https://www.cruxinvestor.com/companies/defiance-silver-corp

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