Defiance Silver Announces $0.50 Million Private Placement

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/25/13 -- 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:

Defiance Silver Corp.

1500 - 409 Granville Street

Vancouver, BC V6C 1T2

778-729-0333
www.defiancesilver.com