Defiance Silver Corp. (“Defiance”) is pleased to announce that it has received proceeds of $1,200,000 from the exercise of warrants. The funds shore up Defiance’s balance sheet as it continues to expand its current resource at the San Acacio Silver Deposit through ongoing exploration.

“We are very pleased with this strong show of support from our existing long-term shareholders as we continue to move forward with our strategy to further delineate the San Acacio Silver Deposit,” stated Bruce Winfield, President and CEO. “San Acacio and the surrounding region is a prolific silver producing area which has a long history of silver production. We are encouraged by the results we have realized to date and with our strengthened balance sheet, expect to continue to move the asset forward and demonstrate its significant resource potential.”

A Panoramic Video on the San Acacio Deposit is available on our website, or Click Here to visit our Defiance YouTube Channel. Defiance Silver Corp. is a silver explorer and developer advancing the San Acacio Deposit, located in the historic Zacatecas Silver District of central Mexico. Defiance is managed by a team of proven mine developers with a track record of exploring and developing 11 operating mines to date. Defiance’s corporate mandate is to expand San Acacio to become one of Mexico’s premier high grade wide vein silver deposits. For more information on the property or Defiance, please visit Defiance’s website at www.DefianceSilver.com.

On behalf of Defiance Silver Corp.

“Bruce Winfield”

President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Original Article: http://www.defiancesilver.com/news/defiance-receives-usd1-2-million-from-warrant-exercise