Defiance Silver Corp. · TSXV:DEF

Defiance Silver — Investor Presentation (May 2024)

22 slides from Defiance Silver's investor presentation, May 2024

  1. Slide 1: Discovery-Focused Geoscience: Corporate Presentation, May 2024

    DISCOVERY-FOCUSED GEOSCIENCE CORPORATE PRESENTATION, MAY 2024 TSX.V: DEF | OTCQX: DNCVF | WKN: A1JQW5 | FSE: D4E

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of hist

  3. Slide 3: Capital Structure

    Capital Structure SHARE STRUCTURE ($CAD) Trading TSX.V: DEF | OTCQX: DNCVF | WKN: A1JQW5 | FSE: D4E 52 Week High-Low $0.31 - $0.08 30 Day Avg. Volume ~423,000 52-WEEK SHARE PRICE HISTORY Source: LBMA, Refinitiv Cash Position (May 7th, 2024) Cash ($CAD) $900K $0.42 2, 000, 000 1, 800, 000 Share Struc

  4. Slide 4: Why Invest in Defiance Silver

    Why Invest in Defiance Silver Consistent Explorers that Deliver Significant Results Team Consistently Drilling Grade A leadership team supported by 90% accuracy rate at Veta Grande accomplished directors and ~60,000m drilled at Tepal dedicated professionals with a track High-grade results driven by

  5. Slide 5: Mexico: a Premier Geological Location

    Assets Mexico: a Premier Geological Location Top 10 global producer of Ag (#1) Au, Cu, Pb, Zn. Silver-Polymetallic Mineralization @Zacatecas State San Acacio Project Zacatecas Lucita South Project District-Scale Lucita North Project Land Package Gold-Copper Mineralization @Michoacan State Tepal Proj

  6. Slide 6: Industry Veterans with Proven Success

    Industry Veterans with Proven Success ü As a part of our highly capable management team, we are proud to include the founder of Chris Wright Windermere Capital as our CEO. He is a Chairman & CEO successful fund manager, and a large shareholder of Defiance Silver. Jen Roskowski Doug Cavey Principal G

  7. Slide 7: Zacatecas Properties

    ZACATECAS PROPERTIES TSX.V: DEF | OTCQX: DNCVF | WKN: A1JQW5 | FSE: D4E

  8. Slide 8: Zacatecas Properties: District-Scale Land Package

    District-Scale Land Package Zacatecas Properties Silver-Polymetallic Mineralization @Zacatecas Mining District San Acacio Project Zacatecas Lucita North Project District-Scale Lucita South Project Land Package • Defiance controls the second-largest land position in the world class Zacatecas mining d

  9. Slide 9: Mexican Silver Belt

    Jurisdiction Mexican Silver Belt 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 within the Central Mex

  10. Slide 10: Exploration Thesis: Fresnillo from the 1960's

    After Megaw, 2010 Exploration Thesis Fresnillo from the 1960’s In Zacatecas, Systematic Geoscience Finds Mines The amplification of mine building in the world class Fresnillo district is a direct result of the significant discoveries at Juanicipio, Santo Nino and other now producing mineral systems.

  11. Slide 11: San Acacio Project

    Current Work: Updating the historic resource estimate SAN ACACIO PROJECT Achievements ü Over 25,000 meters of drilling success completed since 2014 ü Our exploration results have demonstrated mineralization outside of the historic resource boundaries ü Historic estimate of 14.3M oz Ag Inferred and 4

  12. Slide 12: All Time Key Results

    All Time Key Results Top Drilling Holes Measured by AgEq** Grade Times Thickness From Length* AgEq Grade x Hole ID To (m) Ag g/t Au g/t Pb % Zn % AgEq g/t (m) (m) Thickness (g/t*m) DDSA-23-70 73.44 107.2 33.76 104.99 0.31 0.97 1.8 217 7,325.92 Entrance to La Purísima tunnel, Veta Grande, Zacatecas.

  13. Slide 13: Spotlight: DDSA-23-70

    Spotlight: DDSA-23-70 Results from the 2023 drill campaign at San Acacio Approximate depth of drill campaigns A&B before 2014 Examples of semi-massive to massive sulfide C&D High-grade mineralization encountered in hole DDSA-23-70 Photos C & D are from the reported intercept 0.62m at 1,526 g/t AgEq

  14. Slide 14: Lucita Property

    Current Work: Active exploration and preparation of next drilling programs LUCITA PROPERTY 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: Fi

  15. Slide 15: Lucita North Project

    LUCITA NORTH PROJECT Neighbouring Panuco deposit 43-101 resource demonstrates 1 16.4 Million oz AgEq @ 187 g/t AgEq* High grade historical Ag drill results by PAAS: 2 • 1.25m @779 g/t Ag (LU-11-19) • 3.35m @325 g/t Ag (LU-11-16) 1 Multiple mapped structures and individual rock samples have 3 3 retur

  16. Slide 16: Lucita South Project

    LUCITA SOUTH PROJECT 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 renow

  17. Slide 17: Tepal Project

    Current Work: Preparation for the upcoming site visit, scheduled for May 2024 + continued detailed analysis of the geologic model TEPAL PROJECT Achievements ü The February 13th, 2024, ruling in favor of Defiance Silver Corp., returns the disputed concessions to the company and orders the Public Regi

  18. Slide 18: Tepal Project: Exploration Target

    TEPAL PROJECT SIGNIFICANT EXPLORATION TARGET: UN-TESTED, RECENTLY DISCOVERED HIGH GRADE GOLD FEEDER SYSTEM Zacatecas Projects • Located in Michoacán near the border of Jalisco State. • 100% ownership. Option to Acquire 2.5% NSR • 2012 M&I resource: 1.8 mm Oz. Au & 813 mm lbs Cu(*) • C$27M spent to-d

  19. Slide 19: Tepal Project

    Past exploration focused on bulk porphyry-style mineralization. Current TEPAL PROJECT exploration focused on high-grade Au 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 subduction zone crustal

  20. Slide 20: 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 |

  21. Slide 21: Historical Mineral Resource Estimate (2010)

    Historical Mineral Resource Estimate (2010)* San Acacio Project Resource Estimate – May 21, 2010** Resource Ag Grade Contained Au Grade Contained Resource Sampling Tonnes Classification (g/t) Ag (oz) (g/t) Au (oz) Data Source Indicated 1,490,000 84.9 4,050,000 0.19 9,000 Drill core and chip supporte

  22. Slide 22: Mineral Resource Estimate

    Mineral Resource Estimate Tepal Project Resource Estimate – March 2012 Note that a new mineral resource estimate is now underway Resource Classification Tonnes Au Grade (g/t) Cu Grade (%) Ag Grade (g/t) Contained Au (oz) Contained Cu (lbs) Measured 34,100,000 0.48 0.25 0.95 528,000 185,000,000 Indic

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