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Conditions of Use

Except as may be expressly authorized by Defiance Silver, any reproduction, modification of the website materials or content, in whole or in part, is strictly prohibited.

Copyright Notice

Defiance Silver and certain other names, words, titles, phrases, logos, icons, video, audio, graphics or designs contained within the pages of this website may constitute trade names, registered or unregistered trade-marks or service marks (the “Trade Marks”) of Defiance Silver or of third parties which are used herein under licence. However, the display of Trade Marks on any page of this website does not imply that any licence has been granted or obtained from any third party.

All content or information made available to you on this website is protected under applicable copyright laws. Defiance Silver grants to you a limited licence to display the content of this website on your computer and to print such content solely for your own personal, non-commercial use provided that you do not modify the content in any way or delete any proprietary notices. You may not otherwise copy, republish or reproduce any content or information in any manner, including electronic reproduction by “uploading” or “downloading”, without the prior written consent of Defiance Silver.

Any unauthorized copying, republishing, reproduction or modification of any Trade Marks or other content or information of this website may be a violation of statutory or common law rights that would subject you to legal action.

Currency of Website

Defiance Silver updates the information on this website regularly. However, such information is not intended to be a comprehensive review of all matters and developments concerning Defiance Silver and Defiance Silver cannot guarantee the accuracy, currency or completeness of the information at all times and assumes no responsibility in this regard.

Disclaimer

The content and information on this website are provided “as is” and Defiance Silver makes no warranties, expressed or implied and disclaims and negates all other warranties, including without limitation, implied warranties or conditions of merchantability, fitness for a particular purpose, or non-infringement of intellectual property or other violation of rights. Defiance Silver does not warrant or make any representations concerning the accuracy, completeness or reliability of the content or information of this website or otherwise relating to any content or information on any websites linked to this website. Facts and information provided on this website are believed to be accurate at the time they are posted, however Defiance Silver disclaims any and all liability for any failure to update any content or information on this website. This website could include inaccuracies, typographical errors, or out-of-date information and changes may be made at any time to the information on this website without prior notice. YOU ARE ADVISED TO USE THIS WEBSITE AT YOUR OWN RISK.

Limitation of Liability

Defiance Silver will not under any circumstances be liable to you for any loss of use, loss of production, loss of profits (anticipated or otherwise), loss of markets, economic loss, special, direct, indirect or consequential loss or damage or punitive damages, whether in contract, tort, or under other theory or law or equity, and regardless of any negligence by Defiance Silver or anyone for whom it is responsible, and notwithstanding that Defiance Silver may have been advised of the possibility of such loss or damages being incurred by you.

Third Party Links

All links or references to other web sites are provided merely as a convenience to the user. Defiance Silver has no control over the linked or referenced web sites, makes no representation or warranty regarding the completeness, accuracy and currency of the information located on the linked or referenced web sites and does not endorse the linked or referenced web sites or their content.

Stock Quotes

All quotes are delayed at least 20 minutes unless otherwise stated. All stock quotes and historical stock price data are provided by third party service providers and are provided for informational purposes only, and are not intended for trading purposes. If you are contemplating trading in the securities of Defiance Silver, we strongly advise you to seek independent professional advice before making any investment decision. Defiance Silver makes no representation or warranty regarding the accuracy or completeness of any such stock price quotes or historical stock price data and has not taken any steps to verify the adequacy, accuracy or completeness of the information provided herein.

No Solicitation

Material contained in or accessible through this website is for information purposes only and is not intended to and does not constitute an offering of securities in any jurisdiction. Defiance Silver does not assume any duty of disclosure beyond that which is required by applicable law. The information on this website is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to Defiance Silver and should not be used for the purpose of making investment decisions concerning Defiance Silver securities.

Virus Protection

Defiance Silver does not represent or warrant that the use of this website, including the browsing and downloading of any content, will be free of viruses or other destructive or disruptive components and disclaims any liability for loss or damage caused by any virus or other destructive or disruptive component downloaded from this website. You are cautioned to install and use appropriate anti-virus or other protective software.

Jurisdiction

The laws of the Province of British Columbia and any applicable federal laws of Canada shall govern your use of the Website. The courts of the Province of British Columbia shall have exclusive jurisdiction over any dispute arising out of your use of this Website.

Forward-Looking Statements

Certain statements contained in this website constitute forward-looking statements. These statements relate to future events or Defiance Silver’s future performance, business prospects or opportunities. Forward-looking statements include, but are not limited to, statements with respect to commercial mining operations, anticipated mineral recoveries, protected quantities of future mineral production, interpretation of drill results, anticipated production rates and mine life, operating efficiencies, capital budgets, costs and expenditures and conversion of mineral resources to proven and probable mineral reserves, analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

All statements other than statements of historical fact may be forward-looking statements. Statements concerning proven and probable mineral reserves and mineral resource estimates may also be deemed to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed, and in the case of mineral resources or proven and probable mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “outlook” and similar expressions) are not statements of historical fact and may be “forward-looking statements”. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Defiance Silver believes that the expectations reflected in those forward looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this website should not be unduly relied upon. Defiance Silver does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements involve risks and uncertainties relating to, among other things, results of exploration and development activities, Defiance Silver’s historical experience with development-stage mining operations, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, changes in commodity prices and, particularly, silver prices, actual operating and financial performance of facilities, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations. Actual results may differ materially from those expressed or implied by such forward-looking statements.

Cautionary Notes to U.S. Investors Concerning Reserve and Resource Estimates

The definitions of Proven and Probable Reserves used in National Instrument 43-101 — Standards of Disclosure for Mineral Projects (“NI 43-101”) differ from the definitions in the United States Securities and Exchange Commission (“SEC”) Industry Guide 7. Under SEC Guide 7 standards, a “Final” or “Bankable” feasibility study is required to report reserves, the three year history average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.

In addition, the terms “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral Resource” and “Inferred Mineral Resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into Reserves. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases.

Accordingly, information contained in this website containing descriptions of Defiance Silver’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations there under.


NI43-101 DISCLOSURE: George Cavey, P. Geo., a Qualified Person under the meaning of Canadian National Instrument 43-101 is responsible for the technical information in this presentation