Defiance Silver Corp. and ValOro Resources Inc. signed a Definitive Arrangement Agreement to complete their friendly merger. The combined company will continue under the name of Defiance Silver Corp. Upon completion of the Transaction, the combined management team will be led by Peter J Hawley, who will assume the title of President and Chief Executive Officer. The new Board will be comprised of Mr. Peter J. Hawley, Mr. Darrell Rader, Mr. Paul Smith, and Mr. Ron Sowerby as representatives from Defiance and Mr. Dunham Craig, Mr. Randy Smallwood, and Mr. George Brack as representatives of ValOro. The Board to appoint Ms. Evelyn Abbott as Chief Financial Officer and Secretary. Evelyn has extensive experience in finance and accounting practices across several industries including her most recent post as CFO of UEX Corp. She has also been employed by ValOro for the past 12 years, and is currently the CFO and Corporate Secretary of ValOro. In addition, Ms. Gillian Kearvell will be appointed as Vice President of Exploration. Gillian is a geologist with over 30 years of experience working with junior and senior mining companies, with accolades including working with Teck Resources' San Nicolas VMS deposit in Zacatecas State, managed the pre-feasibility field program at Goldcorp's Los Filos Mine and leading Teck's exploration team that developed the Guerrero Gold Belt exploration model resulting in the El Limon-Guajes and Cerro Media Luna discoveries, currently operated by Torex Gold.