Defiance Silver is a silver explorer and developer advancing the San Acacio deposit, located in the historic Zacatecas silver district of central Mexico. Defiance is managed by a team of proven mine developers with a record of exploring and developing seven operating mines to date. Defiance's corporate mandate is to expand San Acacio to become one of Mexico's premier high-grade wide vein silver deposits.

1. Resource Driven.
Concept. Resource. Driven.
Defiance Silver Corp.
1
TSX: DEF | OTC: DNCVF
Investor Presentation June 2018

2. Resource Driven.
Disclaimer
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FORWARD-LOOKING INFORMATION AND STATEMENTS
This presentation contains “forward-looking information” and “forward-looking statements” within the meaning of
applicable securities laws. This information and statements address future activities, events, plans, developments and
projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-
looking information. Such forward-looking information and statements are frequently identified by words such as “may”,
“will”, “should”, “anticipate”, “plan”, “expect”, “believe”, “estimate”, “intend” and similar terminology and reflect
assumptions, estimates, opinions and analysis made by management of Defiance in light of its experience, current
conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-
looking information and statements involve known and unknown risks and uncertainties that may cause Defiance’s actual
results, performance and achievements to differ materially from those expressed or implied by the forward-looking
information and statements and accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may
cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development,
including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability of suitable
financing alternatives; fluctuations in gold and other commodity prices; changes to and compliance with applicable laws
and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising
from Defiance’s South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties
which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings
made by us with Canadian securities regulatory authorities and available at www.sedar.com. Defiance disclaims any
obligation to update or revise any forward-looking information or statements except as may be required by law.
NI43-101 DISCLOSURE:
Peter J. Hawley, P. Geo., a Qualified Person under the meaning of Canadian National Instrument 43-101 is responsible for
the technical information in this presentation.

3. Resource Driven.
Why Defiance Silver
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o Growing High Grade Silver Asset
o San Acacio Deposit located in Zacatecas, Mexico
o Mine historically produced approx. 100 million ounces of silver
o Initial Resource: 17 million Silver ounces at a Silver Grade of 182 g/t
o Defiance drill results including wide widths and grade, exceed resource
grade
o Excellent Resource Expansion & Exploration Potential
o Claims host 65% of the 8.5 km long Veta Grande Vein system which
produced 200 million ounces of silver
o San Acacio Deposit is open to depth and along strike
o Brand new target anomaly identified on 900m strike extension
o 4.4km of known vein remains to be tested

4. Resource Driven.
Located in Historical Zacatecas Silver Belt
o State of Zacatecas is the
largest historical producer
as well as the largest current
producer of silver in Mexico
Notable projects:
o Fresnillo world’s largest
primary silver producer
o MAG Silver’s Juanacipio
silver deposit
o Goldcorp’s Penasquito and
Camino Rojo gold mines
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5. Resource Driven.
Excellent District Infrastructure
o Paved roads, access to the state
power grid and a skilled Mexican
labour force
o Recently acquired MAG Silver’s
Zacatecas concessions, doubling
our land package to 1506ha
o Several operating mines nearby
including Capstone Mining’s
Cozamin Mine, producing 1M Oz
Ag, 16,732 tonnes Cu & 4,232
tonnes Zn in 2017 (2017 Capstone Mining
Financials & MDA)
o Notable companies include:
o MAG Silver
o Pan American Silver
o Endeavour Silver
o Capstone Mining
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6. Resource Driven.
Expanded Land Package
o Acquired MAG Silver’s Lagartos Project concessions
o MAG Silver to become strategic shareholder, approx. 5%
o 800 hectares / 14 key concessions; control over 65% of the Veta Grande Vein
and increases land package to over 1506 hectares
o Key Highlights
o Regional database investment approx. $10 million
o Exploration digital data bank including; a drill hole database totaling 90 holes,
extensive geochemistry, geophysics, satellite imagery, and detailed drill logs from over
135,000ha of ground stretching from the Zacatecas Silver District to the Fresnillo
Silver District
o All core drilled by MAG Silver in the district.
o Select grab samples along these zones returned values ranging from one half ounce up
to 2.3 kilograms silver (67 ounces) & significant drilling highlights include 850 g/t
(24.8 ounces per tonne) silver over 0.95 meters; 417 g/t (12.1 ounces per tonne) silver
over 1.0 meter
o Close around June 22, 2018
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7. Resource Driven.
High Grade Silver Deposit
43-101 Inferred Mineral Resource Estimate
Vein
Tonnes >
Cut-off
(tonnes)
Grade>Cut-off Contained Metal
Ag
(g/t)
Au
(g/t)
AgEq
(g/t)
Ag
(ozs)
Au
(ozs)
AgEq
(ozs)
VETA G 2,150,000 192.43 0.19 204.66 13,302,000 10,000 14,147,000
VETA C 739,000 153.28 0.08 158.66 3,642,000 1,900 3,770,000
TOTAL 2,889,000 182.42 0.16 192.89 16,944,000 11,900 17,917,000
The San Acacio Deposit has a 43-101 Inferred Mineral Resource Estimate available on www.sedar.com or www.defiancesilver.com. Using a silver equivalent (“AgEq”)* cut-off grade of 100 grams tonne (“g/t”). Using a
gold price of $1270/ oz Au and silver price of $19.60 the silver equivalent value would be silver content plus 65 times the gold content. (Note: total contained AgEq values may not add exactly because of rounding).
Metallurgical recoveries are not taken into account.
Robust Initial Resource with Excellent Potential for Expansion
o Inferred resource is 17.9 million silver equivalent ounces @ 192.89 g/t silver
equivalent (NI 43-101 compliant), contained precious metals only.
o Potential ‘AgEq’ resource growth as base metals are not included in the resource estimate.
o Hosted within ONLY 1.2km of the total 5.6km long vein system, open along strike
o Depth of resource is so far ONLY to 175m and is open to depth
o Defiance 5,000m Drill Program results are not incorporated in the resource yet
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8. Resource Driven.
Potential for Resource Expansion
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1.2km
Blue Line Indicates Lower Limit of
San Acacio Deposit to a depth of 175m
0.9km
Underexplored Shallow
Exploration
3.5km
Unexplored
Vein
Over 100 Million Silver Ounces of Historical Production
Contained
Resource

9. Resource Driven.
High Grade/Wide Width Drill Results
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Hole # From
(m)
To
(m)
Length
(m)*
Ag
(g/t)
Au
(g/t)
Cu % Pb % Zn % AgEq
(g/t)**
SAD14-01 134.00 142.10 8.10 222.12 0.22 0.01 0.20 0.53 268.13
SAD14-02 168.50 171.70 3.20 419.09 0.82 0.02 0.14 0.30 499.43
SAD14-03 05.00 213.30 8.30 42.89 0.92 0.04 1.87 2.44 278.33
SAD14-04 147.00 153.10 6.10 138.35 0.80 0.19 1.27 1.90 340.4
SAD15-07 136.40 140.00 3.60 211.49 0.14 0.01 0.11 0.20 234.17
SAD15-08 106.05 113.30 7.25 631.46 0.43 0.01 0.09 0.22 675.58
SAD15-10 331.5 333.6 2.1 283.31 0.17 0.01 0.38 0.70 337.8
SAD15-12 226.2 253.65 27.03 148.21 0.29 0.02 0.13 0.67 202.99
SAD15-13 261.00 271.00 10.00 171.22 0.08 0.01 0.27 0.42 204.65
SAD15-15 209.82 213.00 3.18 285.04 0.02 0.01 0.05 0.17 296.30
*True Widths are approximately 70% to 80% of each intersection **Reported for comparison only, with no assumptions regarding metal recovery or smelter payments. Prices used are Au: $1210.50/ounce, Ag:
$16.33/ounce, Cu; $2.80/pound, Pb; $0.83/pound and Zn $0.95/pound in US$. 1 Gram = 0.03215074657 Troy ounce ***Grade not calculated because of no data for open mine workings

10. Resource Driven.
Almaden Zone
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High Grade
Historic StopesSAD14-01 – 8.1m @ 268.1 g/t AgEq
SAD14-02 – 16.7m @ 235.4 g/t AgEq
SAD14-03 – 8.3m @ 278.3 g/t AgEq
SAD15-08 – 7.25m @ 675.6 g/t AgEq
SAD15-08 - o.7m @ 483.4 g/t AgEq
SAD15-07 – 3.6m @ 234.17 g/t AgEq

11. Resource Driven.
Guadalupe Zone
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SAD15-10 – 12m @ 158 g/t AgEq
including 2.1m @ 331.5 g/t AgEq
Historic Stopes

12. Resource Driven.
Continued Depth Continuity with Wide Zonation
Defiance commenced a Phase I – 5,000m Drill Program to test outside the limits
of the San Acacio Deposit at depth to grow the resource
o Completed 17 holes
o First 8 holes extended mineralization by 140m below the base of the initial resource
o Considerably higher silver equivalent grades than the initial resource
o Holes 9-11 extended mineralization 550m to the southeast of the first 8 holes
drilled, and again extending mineralization to a depth of 140m below the inital
resource.
o Recent drill hole #12 intersected 27.03 meters grading 202.99 g/t AgEq,
extending mineralization 85 meters below initial resource
o Results from recent 5,000m drill program are not included in initial resource,
allowing for potential to grow resource
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13. Resource Driven.
San Acacio Vein
Mineralized Intersections Range from 5-12m Wide
The Next Step - 5.6km of Exploration Potential
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14. Resource Driven.
Vein system is 5-12m in width, how wide is that?
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That’s one large school bus with capacity for 72 people
That’s ¾ the size of a full grown Gray Whale

15. Resource Driven.
Geological Model of San Acacio Vein
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o San Acacio is at an early
development phase similar to
Capstone’s Cozamin mine
before it became a major
mining operation
o Defiance Phase I program
confirms geological model
o Silver/Lead/Zinc zones above
o Potential for Gold/Copper
zones at depth

16. Resource Driven.
How Do We Grow San Acacio Resource?
o Completed Phase I – 5,000m Drill Program
o Lowest risk, highest reward to add ounces to initial
resource
o Confirmed depth/strike extension of mineralized envelope
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1.2km - San Acacio Deposit
(Contained in Shaded Blue area)
Drilled

17. Resource Driven.
Phase II Exploration – IP Target & Drilling
o Drilling intersected wide zones of anomalous silver mineralization,
characteristic of being high-level vein intercepts
o Induced Polarization (IP) survey identified 200m long, 300m wide at a depth
of 200m below surface
o Anomaly correlates with known strike and dip of the vein
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0.9km – Expanding on Prior Drilling
Drilling

18. Resource Driven.
Continue with Phase III Exploration
o Expand exploration
beyond the 1.2 km San
Acacio Deposit to the
southeast
o 4.4km southeast
extension
o 0.9km – partially
explored
o 3.5km – unexplored
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Drilling
3.5km – Greenfield Exploration

19. Resource Driven.
San Acacio Going Forward
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o Phase I – 5,000 meter Drill Program Complete
o Phase II - Receive final IP survey data and commence drill testing new targets
along un-explored portion of the vein
o Exercise option to purchase 100% in San Acacio Deposit and Claims
o $4.6M on or before September 27, 2018
o Final payment can be reduced by acceleration clause

20. Resource Driven.
Management
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Peter J. Hawley, BSc, BEng, PGeo.
Chairman, CEO
With over 36 years of geological and mining
experience spanning grassroots exploration
through to development and production,
including Teck, Noranda, Placer Dome and
Barrick Gold, Mr. Hawley was also the
founder, CEO & Chairman of Scorpio Mining
Corporation from 1998 to December 2014
when Scorpio combined with U.S. Gold and
Silver Inc to form Americas Silver
Corporation, where he still remains a
Director. Peter is also the Chairman of
Scorpio Gold Corporation, a low cost open pit
heap leach gold producer in Nevada, USA.
BOARD OF DIRECTORS
o Darrell A. Rader, BBA
o Founder of Defiance, raised over $100 million for
mineral exploration and development. CEO of
Minaurum Gold Inc.
o Ron Sowerby, CA
o Previously Director of Glentel Inc., recently sold for
$594M to Bell
o Paul Smith, MA
o Founding shareholder and Finance Director of Ocean
Partners Holdings (U.K.)
SENIOR GEOLOGICAL CONSULTANTS
o Bruce Winfield, M.Sc, P.Geo
o Previously VP Exploration for Eldorado
Gold
o Rick Tschauder, M.Sc.
o Previously Chief Geologist for Hecla Mining
o Michael Kinley, CPA, CFO
o 25 years experience in the public markets.

21. Resource Driven.
Investor Information
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Symbol DEF:TSX.V
DNCVF:OTC
D4E:Frankfurt
($CDN)
Shares Issued 98,351,820
Options 3,585,000
Price Range: $0.10 - $0.41
Warrants 6,187,201
Pricing: $0.45
52 Week Hi-Low $0.62 - $0.06
Market Cap $45M
Insider Ownership 55%

22. Resource Driven.
View Project Videos on our Website
22
Click the image or link here:
https://www.defiancesilver.com/media/video

23. Resource Driven.
Defiance Silver Corp
2300 – 1177 West Hastings Street
Vancouver, BC, V6E 2K3
Canada
www.defiancesilver.com
info@defiancesilver.com
Corporate Development, Sunny Pannu
604 669 7315
pannu@defiancesilver.com