Defiance Silver Corp (DEF)

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Defiance Silver Announces NI 43-101 Compliant Indicated and Inferred Mineral Resource for San Acacio Silver Project, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2012) - Defiance Silver Corp. (TSX VENTURE:DEF) ("Defiance" or "the Company") is pleased to announce that a National Instrument 43-101 ("NI") compliant indicated and inferred resource estimate has been completed for the San Acacio deposit by AGP Mining Consultants Inc. ("AGP").

Highlights





Bruce Winfield, President and CEO, comments, "We are extremely pleased to have reached this milestone of a 43-101 compliant resource for the San Acacio Mine. The high grade of the mineralized backfill indicates the high grade nature of the ore shoots previously mined within the deposit. We look forward to releasing additional news as Defiance aggressively continues advancing the San Acacio Mine towards production and expanding the resource base."

The Zacatecas Silver District is one of the most prolific silver producing areas in the world, having produced in excess of 681 million ounces of Silver during the period 1546 to 1895 (Geological Mining Monograph of the State of Zacatecas). The San Acacio Mine controls approximately 50% of the historic workings on the Veta Grande system which has estimated past production of in excess of 200 million ounces of silver. With mineralization open to depth as well as along strike for 4 kilometers with no modern exploration, Defiance believes that excellent potential exists to expand the current resource base.

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