Defiance Silver Corp. announced the appointment of Mr. James Bergin to its Board of Directors replacing Peter Hawley. Mr. Bergin is an accomplished and seasoned executive with over 29 years of experience in financial markets and business building. Mr. Bergin is currently the CIO and President of Hillhead Capital Inc. and brings a wealth of global expertise due to his extensive experience on Wall Street working with premier institutions including Credit Suisse, Barclays Capital and Toronto Dominion Bank. Mr. Bergin also served on the Endowment Committee for the Family and Children's Agency in Connecticut and is a member of the New York Dean's Advisory Counsel for Wilfrid Laurier University, of which he is a graduate.

The company announced that it has entered into a loan agreement with an entity controlled by one of its officers and directors which allows Defiance to borrow up to $200,000. The Loan is unsecured and will bear interest at the rate of 1% per month, accrued daily. Defiance did not file a material change report with respect to the loan agreement with the related party at least 21 days prior to the signature of such agreement as required by MI 61-101 as the decision to borrow funds from the related party was only made in the last couple of days.