DEF Defiance Silver Corp

Defiance Silver Corp. (TSX VENTURE:DEF) ("Defiance" or the "Company") announces
that as a result of a review by the British Securities Commission, the Company
is issuing the following news release to clarify its disclosure. 


As of March 14, 2013 the Company on its San Acacio and Veta Grande project pages
of its corporate website referred to a previous historical resource calculation
by Source Exploration Corp as "an historic indicated resource of 18 million
ounces of silver". This statement should have referenced the historical resource
calculated by Source Exploration Corp as 4.05 million ounces of indicated
resource contained in 1.49 million tonnes at a grade of 84.9 g/t silver and a
total of 14.35 million ounces of inferred silver resource contained in 3.44
million tonnes at a grade of 80.0 g/t silver and 0.74 million tonnes at a grade
of 232.6 g/t silver. The Company combined the indicated and inferred resource
ounces of silver which is contrary to NI 43-101 policy guidelines. Although the
Company correctly categorized the Source Exploration Corp resource as historical
in nature on the two project pages, on its home page the Company failed to
indicate the Source Exploration resource was historical in nature. The Company
also failed to update its website information to include the NI 43-101 compliant
resource of 3.55 million ounces of silver contained in 1.15 million tonnes
grading 95.8 g/t silver and 12.45 million ounces of silver contained in 2.89
million tonnes grading 134.1 g/t silver as announced in the Company's news
release dated October 25, 2013. To correct any misconceptions, the Company is
not basing a production decision either on the historical resource announced by
Source Exploration on May 21, 2010 nor on the current NI 43-101 compliant
resource as announced by the Company on October 26, 2013. The Company has either
removed or corrected the portions of the website pages that were in error. 


The Company's Corporate Brochure and Fact Sheet, previously available on its
website, contained statements that were not compliant with NI 43-101. In the
Factsheet, the Company for brevity in presentation on page one combined the
indicated and inferred resource from the NI 43-101 compliant resource
calculation announced in the Company's news release dated October 25, 2012
referencing that the details of the breakdown of the indicated and inferred
resources was included the reverse side of the Fact Sheet. The Company was
incorrect in doing so and should not have combined the indicated and inferred
resources on page one. Also on the page two of the Fact Sheet where the
compliant NI 43-101 resource was presented in tabular form, the Company failed
to provide the reference to its news release of October 26, 2012 which provides
the: effective date of each estimate of mineral resources and mineral reserves;
key assumptions, parameters, and methods used to estimate the mineral resources
and mineral reserves; and the identification of any known legal, political,
environmental, or other risks that could materially affect the potential
development of the mineral resources or mineral reserves. This was an oversight
by the Company.


In the Corporate PowerPoint Presentation, previously available on its website,
the Company included on page 3 a comparison chart between the Company and six
other companies that either have or are preparing to develop silver mining
operations in historic silver mining districts in Mexico. In the comparison
table the Company for brevity of presentation incorrectly presented a global
resource for each of the seven companies instead of presenting the breakdown of
the resources and reserves of the different companies in the correct NI 43-101
compliant categories of proven and probable reserves, and measured, indicated,
and inferred resources. This disclosure was also non-compliant with NI 43-101 as
it presented a resource solely in the form of metal content instead of providing
details of tonnage and grade used to calculate the amount of contained metal.
This was meant to be an indication of the value added potential for the Company
if it was successful in developing its mill and mine assets in the historic
Zacatecas Silver District but the presentation of the reserves and resources was
incorrect and non NI 40-101 compliant and no conclusions should be drawn from
the chart previously presented on page three of the Corporate Presentation. On
pages 10 and 12 of the Corporate Presentation previously available on its
website, the Company for brevity of presentation referred to a combined resource
of 16 million ounces of silver of undefined resource category for the San Acacio
property which was non-compliant statement. The San Acacio resource should have
been broken down as indicated and inferred resources as announced in the
Company's news release of October 25, 2012.


Copies of the Company's revised Fact Sheet and Corporate Presentation will be
posted on its corporate website once corrected.


In the Company's MD&A dated December 31, 2012, the reference made to a resource
for the Encantada Mine of First Majestic Silver without breaking it down into NI
43-101 compliant categories and expressing the resource in metal content only,
was incorrect.


The Company on both its website and in the Fact Sheet previously available on
its website failed to identify that Bruce Winfield, the Qualified Person under
section 3.1 of NI 43-101, is also the President and CEO of the Company. The Fact
Sheet as well as the website will be revised to include this additional
information.


Mr. Bruce Winfield, P.Geo., President and CEO of the Company is the Qualified
Person for information contained in this press release and is a Qualified Person
within the meaning of NI 43-101.


On behalf of Defiance Silver Corp.

Bruce Winfield, President and CEO

Forward-Looking Statements. This Defiance News Release may contain certain
"forward-looking" statements and information relating to Defiance that are based
on the beliefs of Defiance management, as well as assumptions made by and
information currently available to Defiance management. Such statements reflect
the current risks, uncertainties and assumptions related to certain factors
including but not limited to, exploration and development risks, expenditure and
financing requirements, title matters, operating hazards, metal prices,
political and economic factors, competitive factors, general economic
conditions, relationships with vendors and strategic partners, governmental
regulation and supervision, seasonality, technological change, industry
practices, and one-time events. Should any one or more risks or uncertainties
materialize or change, or should any underlying assumptions prove incorrect,
actual results and forward-looking statements may vary materially from those
described herein. Defiance does not assume the obligation to update any
forward-looking statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Defiance Silver Corp.
1610 - 409 Granville Street
Vancouver, BC V6C 1T2
778-729-0333
www.defiancesilver.com

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