Defiance Silver Corp. · TSXV:DEF
Defiance Silver — Investor Presentation (May 2025)
31 slides from Defiance Silver's investor presentation, May 2025
Slide 1: Discovery-Focused Geoscience: Corporate Presentation, May 2025
DISCOVERY-FOCUSED GEOSCIENCE CORPORATE PRESENTATION, MAY 2025 TSX.V: DEF | OTCQX: DNCVF | WKN: A1JQW5 | FSE: D4E
Slide 2: Disclaimer - Forward-Looking Information and Statements
DISCLAIMER - FORWARD-LOOKING INFORMATION AND STATEMENTS Scientific and technical information in this presentation has been reviewed and approved by George Cavey, P.Geo, Vice-president, Exploration, for the Company, a Qualified Person as defined by National Instrument 43 101 - Standards of Disclosure
Slide 3: Key Takeaways
KEY TAKEAWAYS DEFIANCE SILVER IS MORE THAN A SILVER EXPLORATION COMPANY 1. Two advanced projects and potential acquisition 2. Exposure to key commodities: gold, silver and copper 3. Historical leverage to commodities prices 4. Significant starting resources 5. A team with a history of success in Mex
Slide 4: Why Silver?
Why Silver? The global silver supply has underperformed in the past year, leading to a market deficit Silver Global Demand AI-driven demand will likely have the most significant impact on the silver market. Silver is indispensable due to its unique properties, including being the most electrically c
Slide 5: Why Invest in Defiance Silver? Leverage to Precious Metals Prices
Why Invest in Defiance Silver? Leverage to Precious Metals Prices June 2015 to January 2025 $USD SILVER $USD/OZ 43.78% 155.64% 55.06% 40.77% $CAD DEF.V $CAD 1,882.67% TSX Venture Exchange 542.47% 927.74% 79.89% TSX.V: DEF | OTCQX: DNCVF | WKN: A1JQW5 | FSE: D4E Defiance Silver: Leverage to Precious
Slide 6: Why Mexico?
Why Mexico? Top 10 global producer of: Ag (#1), Au (#9), Cu (#10) Pb (#4), Zn (#6) Source: INEGI, 2019, Secretaría de Economía, 2021 Note that the Company and its qualified person have been unable to verify the information on this map and that the information is not necessarily indicative of the min
Slide 7: Why Invest in Defiance Silver?
Why Invest in Defiance Silver? Consistent Explorers that Deliver Significant Results Team Projects Results • We are proud to include the • District-scale land packages in a premier • 90% accuracy rate at Veta founder of Windermere Capital as geological location, Mexico Grande our CEO. He is a succes
Slide 8: Share Structure ($CAD)
SHARE STRUCTURE ($CAD) Capital Structure Trading TSX.V: DEF | OTCQX: DNCVF | WKN: A1JQW5 | FSE: D4E 52 Week High-Low $0.54 - $0.17 TSX.V 30-Day Avg. Volume ~473K 52-WEEK SHARE PRICE HISTORY Source: LBMA, Refinitiv 2025-Q1 805K 90-Day Global Volume Share Price Volume $0.60 5M Cash Position Cash ($CAD
Slide 9: Defiance Silver to Acquire Mexico-Focused Green Earth Metals
Defiance Silver to Acquire Mexico-Focused Green Earth Metals See April 7th, 2025, News Release Defiance seeks to acquire Green Earth Metals Inc, a private company with three copper-gold-silver-molybdenum projects in Mexico: 6,795.22 hectares in Mexico’s Sonoran Desert porphyry copper belt SPOTLIGHT:
Slide 10: Zacatecas Project
ZACATECAS PROJECT TSX.V: DEF | OTCQX: DNCVF | WKN: A1JQW5 | FSE: D4E
Slide 11: Mexican Silver Belt
Jurisdiction Mexican Silver Belt Zacatecas Project A World Class Mining District • Zacatecas State is the largest silver producing and second-largest copper producing state in Mexico • The mineralized systems at our Lucita and San Acacio properties have similar characteristics to other deposits with
Slide 12: Exploration Thesis: Fresnillo from the 1960's
After Megaw, 2010 Exploration Thesis Fresnillo from the 1960’s In Zacatecas, Systematic Geoscience Finds Mines Until the discovery of Juanicipio in the 2000s, it was depleted of ore by the mid-1960s. Fresnillo mining camp is currently the world’s largest silver mining district. Wherever Zacatecas la
Slide 13: Zacatecas Project: District-Scale Land Package
District-Scale Land Package Zacatecas Project Zacatecas Project Veta Grande/San Acacio Mine Intermittent silver mining since the mid 1500's to 2024 • Defiance controls the second- largest land position in the world Lucita class Zacatecas mining district. • We exercised the option for 100% Note that
Slide 14: Zacatecas District Vein Systems
World-class Mining District Zacatecas District Vein Systems • Intermediate to low sulfidation epithermal veins • Veins in the district have persistent strike lengths (~4-16 km) and vary in width from less than 1m to upwards of 30m • Dominant vein systems are NW-striking and typically Ag-Zn-Pb ± Au,
Slide 15: San Acacio Project
New NI43-101 Report now completed SAN ACACIO PROJECT ü 25,000+ m drilled since 2014 ü Mineral Resource Estimate expected in 2025 Upcoming Catalysts Ø Exercising option to acquire 100% ownership of the San Acacio project. Ø Historic and recent drilling data plus all new surface data will provide the
Slide 16: All Time Key Results: Top Drill Intercepts
All Time Key Results Top Drill Intercepts Length* Ag Au Pb Zn Hole ID From (m) To (m) (m) g/t g/t % % Entrance to La Purísima tunnel, Veta Grande, Zacatecas. Photo from the DDSA-23-66 225.6 267.4 41.8 157.3 0.07 0.05 0.16 early 20th Century. >150M Ozs Ag produced from the Veta SAD-17-15 191.3 228.0
Slide 17: Lucita Area Achievements
Current Work: Active exploration and preparation of next drilling programs LUCITA AREA Achievements ü Exercised option to acquire 100% ownership of the Lucita property in December 2023. ü Lucita North: High grade polymetallic system outlined over a multi-kilometre strike length. ü Lucita South: Firs
Slide 18: Lucita North
Neighbouring Panuco deposit 43-101 resource: 2,733,000 t grading 171.1g/t Ag LUCITA NORTH 1 and 0.17g/t Au. (Report for Zacatecas Silver by Morales-Ramirez, Keane, Barry, Puritch, Wu and Yassa: P&E Mining Consultants, Jan 28, 2022) High grade historical Ag drill results by PAAS: 2 • 1.25m @779 g/t A
Slide 19: Lucita South
LUCITA SOUTH 2021 and 2022 first-pass, 4,200m diamond drill completed on the Palenque vein system. The widely 1 spaced drill holes returned very encouraging results over ~4km strike length. 2 West: Discovery of a Blind Silver System: DDLU-22-10 Historically, the Fresnillo district is 1 renowned for
Slide 20: Tepal Project
Technical Report Released December 2024 TEPAL PROJECT Upcoming Catalysts Ø New Mineral Resource Estimate Michoacan State completed Ø Current exploration focused on high-grade Au/Cu mineralization found at depth in South Zone Ø We are looking forward to conducting additional drilling and sampling cam
Slide 21: Tepal Project Overview
Tepal Project | AuCu Overview Significant exploration target: un-tested, recently discovered high grade gold feeder system. Zacatecas Projects • 100% ownership. Option to Acquire 2.5% NSR. • Located in Michoacán near the border of Jalisco State. • C$27M spent to-date +-60,000 mts of drilling. Manzan
Slide 22: Tepal Mineral Resource Estimate
Tepal Project | AuCu Highlights Include: Mineral Resource Estimate • 111.67 million tonnes (Mt) of Measured & Indicated Mineral Resources averaging 0.26 g/t gold for 926,000 ounces of gold • 111.67 Mt Measured & Indicated Mineral Resources averaging 0.19% copper for 473.86 million pounds (Mlb) of co
Slide 23: Current Mineral Resource Estimate (MRE)
Tepal Project | AuCu Current Mineral Resource Estimate (MRE)* Tepal Project Resource Estimate – January 29, 2025 Resource Tonnage Gold Gold Copper Copper Silver Silver Deposit Category (Mt) Grade (g/t) (ounces) Grade (%) (M/lbs) Grade (g/t) (M/oz) North, South & Tizate Measured & 111.67 0.26 926,000
Slide 24: Current Mineral Resource Estimate
Tepal Project | AuCu Current Mineral Resource Estimate Tepal Project Resource Estimate – January 29, 2025 Average Grade Content Metal Resource Weathering Tonnage Open Pit Model Category Zone Cu Au Ag Cu Au Ag Mt % g/t g/t thousand lb thousand oz thousand oz Oxide 2.71 0.31 0.45 1.03 18,818 39 90 Mea
Slide 25: Current Mineral Resource Estimate Notes
Tepal Project | AuCu Current Mineral Resource Estimate Notes for Tepal Project Resource Estimate –Jan 29, 2024 Resource Estimate Notes: 1. The effective date of the MRE is October 30, 2024. 2. The Mineral Resource Estimate has been stated using a NSR cut-off grade. As per the economic assumption the
Slide 26: Tepal Zones
Tepal Project | AuCu ¢ Tepal is currently defined into three main zones: North Zone, South Zone and Tizate Tepal Zones ¢ Drilling has defined a mineral resource; however, many areas remain open and untested. North Zone South Zone Along Strike of and at depth in Re-interpreted North Zone Geologic Mod
Slide 27: Tepal Key Facts
Past exploration focused on bulk Tepal Project | AuCu porphyry-style mineralization. Current exploration focused on high-grade Au Key Facts 1 mineralization: • At depth in South Zone • Along Strike of North Zone • Regionally at Tizate target Tepal Au-Cu-Ag mineral deposits are controlled by a subduc
Slide 28: Comparison to Similar Porphyries
Cadia Source: Newmont (Newcrest PDAC presentation, 2020) Tepal Project | AuCu District Comparison Comparisons to other similar porphyries globally shows that these types of 1,000m deposits contain clusters, some of which depth are blind. 500m Tepal North Zone Red Chris South Zone 1,000m depth 1,000m
Slide 29: High Grade at Depth Underground Potential
Cross Section @GT GOLD Tepal Project | AuCu Note that the Company and its qualified person have been unable to verify the information at the GT Gold project and that the information is not necessarily High Grade at Depth indicative of the mineralization on the Company's property Underground Potentia
Slide 30: Catalysts
Catalysts Zacatecas Project • Continued exploration drilling in and around the known mineralization on all our Zacatecas project • Historic and recent drilling and surface data will provide the necessary information to move towards the completion of a planned NI 43-101 mineral resource estimate repo
Slide 31: Contact Us
Contact Us Phone +1 (604) 343 4677 Email Scan below to request your digital copy of Defiance info@defiancesilver.com Silver’s corporate presentation Social Media @defiancesilverc Address Suite 2900 – 550 Burrard Street Vancouver, BC, V6C 0A3 Canada www.defiancesilver.com TSX.V: DEF | OTCQX: DNCVF |