Defiance Silver Corp.

August 31, 2011 17:39 ET

Defiance Strengthens Management Team, Appoints Gorzynski and Davidson

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Defiance Silver Corp (TSX VENTURE:DEF) (Defiance) is pleased to announce that Mr. George Gorzynski (P.Eng.) has agreed to join its Board of Directors, and that Mr. Fred Davidson (C.A.) has joined its newly created Advisory Board.

Mr. Gorzynski is a professional engineer and geologist with over 30 years of experience in the exploration and development of mining projects in Canada and internationally. His experience encompasses a wide variety of commodities with an emphasis on precious and base metals. Most recently as Vice President of Exploration for IMPACT Silver Corp., Mr Gorzynski was instrumental in identifying, acquiring, and expanding the profitable Royal Mines of Zacualpan Silver Mine in Mexico. Mr. Gorzynski also serves on the board of several other junior companies.

Mr. Fred Davidson has agreed to join the Defiance Advisory Board. Mr. Davidson, who has been a senior executive in the mining industry for over 30 years, is the President and CEO of IMPACT Silver Corp, a growing silver producer in Mexico, as well as President and CEO of Energold Drilling Corp., a drilling contractor serving the international mining sector. With an MBA and Chartered Accountant designation, Mr. Davidson has played key roles in the financing and development of a number of significant mining companies including Total Energold Group, Erikson Gold Mines and Wheaton River Minerals.

"With the recently announced option to acquire the Santa Gabriela processing plant and mining concessions in the Zacatecas silver mining district in Mexico, I am very pleased that Defiance will be able to draw on the extensive knowledge and experience of these two highly respected and experienced mining industry professionals as it develops its assets to production", stated Bruce Winfield, President and CEO of Defiance Silver Corp.

Defiance Silver Corp is a company dedicated to becoming a near term silver producer in Mexico through developing the Veta Grande project in Zacatecas, as well growth through identifying and acquiring undervalued exploration and development projects with excellent potential to host large silver deposits.

On behalf of Defiance Silver Corp.

Bruce Winfield

President and CEO

Forward-Looking Statements. This Definace News Release may contain certain "forward-looking" statements and information relating to Defiance that are based on the beliefs of Defiance management, as well as assumptions made by and information currently available to Defiance management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. Specifically, there is no assurance that Defiance will be able to raise the funds necessary to close the transaction with IMPACT, that it will be successful in restoring the mill to the point where it can achieve commercial production; or that it will be able to profitably operate the mill. Defiance does not assume the obligation to update any forward-looking statement.

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.

Contact Information

  • Defiance Silver Corp.
    Nathan Doubroff, Investor Relations
    1500 - 409 Granville Street
    Vancouver, BC V6C 1T2