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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.

Important Disclosure

National Instrument 43-101 Disclosure

National Instrument 43-101—Standards of Disclosure for Mineral Projects (“NI-43-101”) is a rule developed by the Canadian Securities Administrators and applicable throughout Canada, which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects materials to the issuer. Defiance Silver adheres to the NI 43-101 standards and provides the following information related to its mineral projects and Qualified Persons:

Qualified Persons

Website

George Cavey, P.Geo., Vice President, Exploration of Defiance Silver, is the Qualified Person that has supervised the preparation of the scientific and technical information that forms the basis for the mineral project disclosure on this website and has approved the disclosure herein.

News releases

News releases listed on this website provide information on the Qualified Persons who have authored the said news release.

Caution Regarding Forward-Looking Statements

Information contained in this website that is not statements of historical facts may be “forward-looking information” for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward looking information. Forward-looking statements are generally identifiable by the use of the words “believe,” “expect,” “anticipate,” “contemplate,” “plan,” “intend,” “continue,” “budget,” “estimate,” “may,” “will,” “schedule,” “understand,” or the negative of these words, or other variations on these words, or comparable terminology. These forward-looking statements relate to, among other things, statements regarding the Company’s ability to convert inferred resources into measured and indicated resources and the parameters and methods used to estimate the mineral resource estimate (the “MRE”) at the Tepal Project; the prospects of the Tepal Project and the Company’s ability to deliver a Preliminary Economic Assessment thereon in 2025; the prospects of the Zacatecas Project and the Company’s ability to deliver a MRE thereon in 2025; and the significance of historic exploration activities and results on the Company’s projects.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Defiance Silver, are inherently subject to significant technical, political, business, economic, and competitive uncertainties and contingencies, which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things and without limitation: the results of exploration activities, the Company’s financial position and general economic conditions, the ability of exploration activities to accurately predict mineralization; the accuracy of geological modelling; the ability of the Company to complete further exploration activities; the legitimacy of title and property interests in the Zacatecas and Tepal Projects; the accuracy of key assumptions, parameters or methods used to estimate the Tepal MRE; the ability of the Company to obtain required approvals; the evolution of the global economic climate; metal prices; environmental expectations; community and non-governmental actions; the Company’s ability to secure required funding; and other risks detailed from time to time in the filings made by the Company’s public disclosure record on file with the relevant securities regulatory authorities. For additional risk factors, please see the Company’s most recently filed Management Discussions & Analysis available on SEDAR+ at www.sedarplus.ca.

There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown, could cause actual results, performance, or achievements to vary or differ materially from the results, performance, or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Defiance Silver, and prospective investors should not place undue reliance on forward-looking information.

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

Disclosure regarding Mineral Reserve and Mineral Resource estimates included herein were prepared in accordance with NI 43-101, and applicable mining terms are as defined in accordance with the CIM Definition Standards on Mineral Resources and Reserves adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council (the “CIM Definition Standards”), as required by NI 43-101. Unless otherwise indicated, all reserve and resource estimates included in this website have been prepared in accordance with the CIM Definition Standards, as required by NI 43-101.

NI 43-101 differs from the disclosure requirements of the United States Securities and Exchange Commission (the “SEC”) applicable to U.S. companies. Accordingly, information contained herein may not be comparable to similar information made public by U.S. companies reporting pursuant to SEC reporting and disclosure requirements.