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Defiance Silver Corp. 
Listed Company 

DEFIANCE SILVER CORP. ("DEF")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: May 15, 2014
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing the Company's proposal to issue 1,991,920 shares to settle outstanding debt for $199,192.

Number of Creditors: 5 Creditors

Insider / Pro Group Participation:

Insider=Y / Amount Deemed Price
Creditor Progroup=P Owing per Share # of Shares

872599 BC Ltd. (Darrell Radar) Y $36,605 $0.10 366,050
Winfield Consulting Ltd. (Bruce Winfield) Y $70,625 $0.10 706,250
Matthew Kavanagh Y $9,000 $0.10 90,000
Richard Tschauder Y $22,986 $0.10 229,860

The Company shall issue a news release when the shares are issued and the debt extinguished.
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