Subdivision of Issued and Outstanding Securities

November 25th, 2011

Defiance Silver Corp. (the “Company”) announces its intention to subdivide its outstanding share capital on the basis of three new common shares for every two existing common shares outstanding (the “Subdivision”). The Company will not be changing its name or trading symbol in conjunction with such Subdivision; however a new CUSIP/ISIN number will apply to subsequently issued shares.

The Subdivision is subject to receipt of TSX Venture Exchange (“TSXV”) approval, and the Company’s shares will not begin trading on a post-subdivided basis until following receipt of a TSXV bulletin to such effect. The Company expects to implement the Subdivision on a “call-in” basis under TSXV policies, whereby shareholders will receive a letter of transmittal with instructions for exchanging their share certificates at the office of the Company’s transfer agent.

The Company presently has 9,037,500 common shares issued and outstanding, such that there will be 13,556,250 post-subdivided common shares outstanding following the Subdivision.

On behalf of the Directors

“W.D. Bruce Winfield”

W.D. 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.