Defiance Silver Receives Exchange Approval to Extend Warrants

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/27/13 -- Defiance Silver Corp. (TSX VENTURE:DEF) ("Defiance" or "the Company") announces that further to the Press Release of March 11, 2013 it has received TSX Venture Exchange ("Exchange") approval to extend the expiry date of certain previously issued warrants. Specifically, (i) 397,225 warrants exercisable at $0.30 per share (issued April 17, 2012) and (ii) 175,025 warrants exercisable at $0.65 per share (previously issued April 17, 2012) are all being extended from April 17, 2013 to April 17, 2014.

About Defiance Silver:

Defiance Silver Corp is a near term silver producer engaged in the acquisition, exploration, and development of advanced silver projects in Zacatecas 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 the San Acacio Mine.

Bruce Winfield, President and CEO

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.