Defiance Silver Signs Long-Term Access Agreement at Its Green Earth Project, Sonora

About this update from Defiance Silver Corp.

Vancouver, British Columbia--(Newsfile Corp. - February 12, 2026) - Defiance Silver Corp. (TSXV: DEF) (FSE: D4E) (WKN: A1JQW5) ("Defiance" or the "Company")  is pleased to announce that it has successfully secured a long-term surface access agreement (the "Agreement") covering the Victoria target at its Green Earth Project in Sonora, Mexico.‍ Under the terms of the five-year agreement, the Company has secured the right to conduct surface exploration, drilling, and engineering studies at its Green Earth Project.   Victoria Target HighlightsThe Victoria target represents a large, previously untested Laramide-age porphyry copper-molybdenum-gold system located within the highly prospective Sonora Laramide Porphyry Copper Belt, which hosts world-class deposits such as Cananea and La Caridad. The Green Earth Project spans approximately 6,800 hectares and benefits from excellent infrastructure, year-round access, and proximity to skilled labor and services. Figure 1. Regional Map To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2950/283646_250881b4c4a31b9d_001full.jpg Key attributes include: GRANT OF OMNIBUS AWARDSDefiance has granted the following:Stock Options - an aggregate of 2,720,000 incentive stock options ("Options") have been granted to certain employees, directors, and consultants to purchase common shares of the Company (each, a "Common Share") at an exercise price $0.35. The Options are exercisable for five years from the date of grant and vest equally over a three-year period beginning on the date of grant. Deferred Share Units - an aggregate of 289,000 Deferred Share Units ("DSUs") have been granted to certain directors. Each DSU represents a right of the holder to receive one Common Share effective as at the date the holder ceases to serve as a director of the Company. The DSUs vest on the one-year anniversary of the date of grant. Performance Share Units - an aggregate of 458,000 Performance Share Units ("PSUs") have been granted to certain employees. Each PSU entitles the holder to acquire one Common Share on the vesting date. The PSUs vest on the one-year anniversary of the date of grant, subject to certain corporate and individual performance criteria. Restricted Share Units - an aggregate of 314,000 Restrict...

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