DEF Defiance Silver Corp

Defiance Silver Corp ("Defiance" or the "Company") (TSX VENTURE:DEF) is pleased
to announce a non-brokered private placement (the "Offering") of up to 3,333,400
units of the Company (the "Units") at a price of $0.15 per Unit for gross
proceeds of up to $500,000. The Offering is subject to an overallotment option
whereby the Company may increase the Offering by up to 50% depending on market
demand. 


Each Unit will consist of one common share of the Company and one full common
share purchase warrant ("Warrant"). Each Warrant will entitle the holder to
purchase one common share of the Company for a period of two years from the
closing date of the Offering at a price of $0.25 per common share during year
one and $0.35 during year two.


Closing of the Offering is subject to receipt of all required regulatory
approvals including the approval of the TSX Venture Exchange. Securities issued
under the Offering will be subject to a four month hold period which will expire
four months from the date of closing of the Offering. The Company may pay
finder's fees in compliance with TSX Venture Exchange policies on some or all of
the Offering.


The proceeds from the offering will be used at the discretion of the Company
for: metallurgical testing, ongoing refurbishment of the Santa Gabriela Mill,
development of the San Acacio Silver Mine, and for general working capital
purposes.


About Defiance Silver: 

Defiance Silver Corp. is a near term silver producer engaged in the acquisition,
exploration, and development of advanced silver projects in the Zacatecas Silver
District, Mexico. The Company's efforts are focused on: 1) the exercising of an
option to purchase the San Acacio Mine, 2) the purchase and refurbishment of the
200 tpd Santa Gabriela Mill, and 3) the definition of feed for the Santa
Gabriela Mill from surface dumps and from the San Acacio Mine with its 43-101
compliant silver resource (reference Defiance Silver Corp New release dated
October 25, 2012). 


Disclaimer: Although Defiance is working to bring the Santa Gabriela Mill and
the San Acacio Mine back into production, Defiance has not completed a 43-101
compliant Feasibility Study. Hence the project has increased uncertainty and
increased economic and technical risks of failure associated with its
development.


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


On behalf of the Defiance Silver Corp

W.D. 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. Specifically, there is no assurance Defiance will be able to
raise the minimum or maximum private placement on the terms and conditions
referred to above. Defiance does not assume the obligation to update any
forward-looking statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Defiance Silver Corp.
1500 - 409 Granville Street
Vancouver, BC V6C 1T2
778-729-0333
www.defiancesilver.com

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