Defiance begins drilling at Zacatecas

Executive Summary

• Defiance Silver Corp. has commenced a minimum 10,000‑metre oriented core drilling program at its Zacatecas project to support a new mineral resource estimate for the San Acacio zone and test additional targets.
• The drill work is being performed by Major Drilling SA de CV, a contractor with extensive experience on Defiance’s Mexican projects.
• The company disclosed an additional finder’s fee related to its June 20 2025 financing: $90,000 cash paid and 360,000 finder’s warrants issued to Sabine Hogel (previously accounted for).

Key Details

• Drill Program Scope: Minimum 10,000 m of oriented core drilling at the Zacatecas project.
• Objective: Generate data for a new mineral resource estimate at San Acacio and evaluate multiple targets building on prior high‑grade silver intercepts (e.g., Lucita 2021).
• Contractor: Major Drilling SA de CV, with proven experience on Defiance’s projects in Mexico and Zacatecas state.
• Finder’s Fee Disclosure: Additional $90,000 cash payment plus issuance of 360,000 finder’s warrants to Sabine Hogel as part of the June 20 2025 financing; previously reflected in the original press release.

Notable Quotes

“We are pleased to announce the commencement of our 10,000‑metre drill program, which will guide the next phase towards the publication of a new mineral resource estimate at San Acacio and test numerous targets building on previous high‑grade silver drilling results, particularly following up on success from Lucita in 2021.” – Chris Wright, Executive Chairman & CEO.