Defiance Silver Corp To Extend Warrant Expiry Dates Subject To TSX Venture Exchange Approval

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/11/13 -- Defiance Silver Corp. (TSX VENTURE: DEF) (the "Company") announces it intends to seek TSX Venture Exchange ("Exchange") approval to extend the expiry date of certain previously issued warrants, being: (i) 937,500 warrants exercisable at $0.21333 per share (issued April 15, 2011) from April 15, 2013 to April 15, 2014; (ii) 397,225 warrants exercisable at $0.30 per share (issued April 17, 2012) from April 17, 2013 to April 17, 2014; and (iii) 175,025 warrants exercisable at $0.65 per share (previously issued April 17, 2012) from April 17, 2013 to April 17, 2014. The warrant term expiry date extensions are subject to Exchange approval.

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.

ON BEHALF OF THE BOARD

W.D. Bruce Winfield, CEO, President and Director

Neither the 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 news release.

Contacts:

Defiance Silver Corp.

1100 - 543 Granville Street

Vancouver, BC V6C 1X8
www.defiancesilver.com