21:13:23 EDT Wed 05 Aug 2026
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Defiance Silver Corp
Symbol DEF
Shares Issued 376,508,803
Close 2026-08-05 C$ 0.185
Market Cap C$ 69,654,129
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Defiance receives Semarnat OK for Espiritu drill sites

2026-08-05 19:44 ET - News Release

Mr. Chris Wright reports

DEFIANCE SILVER RECEIVES APPROVAL FOR UP TO 172 DRILL SITES AT ESPIRITU COPPER TARGET, SONORA

Mexico's Secretariat of Environment and Natural Resources (Semarnat) has approved Defiance Silver Corp.'s informe preventivo for the Espiritu target at its Green Earth project in Sonora, Mexico.

The approved informe preventivo constitutes the environmental authorization required to conduct exploration drilling in accordance with applicable Mexican environmental regulations. The authorization permits exploration activities for a period of approximately 60 months, including the construction of up to 172 drill platforms and related access roads, subject to the terms and conditions set forth by Semarnat.

The company submitted the informe preventivo as part of its commitment to conducting exploration activities in accordance with applicable environmental standards and regulatory requirements. Defiance acknowledges the efforts of Semarnat and the company's technical and environmental consultants throughout the permitting process.

Chris Wright, chairman and chief executive officer of Defiance Silver, commented: "This approval is a significant step forward for the Green Earth project as we continue to advance our portfolio. Our focus remains on generating new discoveries, unlocking the potential of our assets and creating long-term value for shareholders. We look forward to commencing the work program and building on the momentum we have established across our projects."

About Defiance Silver Corp.

Defiance Silver is an exploration company advancing the district-scale Zacatecas project, located in the historic Zacatecas silver district, the 100-per-cent-owned Tepal gold/copper project in Michoacan state, Mexico, and the newly acquired Green Earth Metals property portfolio in Sonora state. Defiance is managed by a team of proven mine developers with a record of exploring, advancing and developing several operating mines and advanced resource projects. Defiance Silver's corporate mandate is to advance its projects through capital-efficient exploration focused on resource growth and new mineral discoveries.

Qualified person statement

George Cavey, PGeo, a director and officer of the company, is a qualified person within the meaning of National Instrument 43-101, and has approved the technical information concerning the company's material mineral properties contained in this news release.

We seek Safe Harbor.

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