VIZSLA SILVER HITS VISIBLE GOLD IN HIGHEST GRADE INTERCEPT EVER AT PANUCO: 9,920 G/T SILVER & 663 G/T GOLD OVER 0.64 METRES TRUE WIDTH AT COPALA

VANCOUVER, BC, June 26, 2024

VANCOUVER, BC, June 26, 2024 /PRNewswire/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") is pleased to report results from five new drill holes targeting the Copala resource area at its 100%-owned, flagship Panuco silver-gold project ("Panuco" or the "Project") located in Mexico. The reported drilling, designed to infill near-surface Indicated Mineral Resources, continues to confirm high-grade continuity throughout Copala and reveals how rich the mineralizing hydrothermal system involved in initial vein formation was.

Highlights

• CS-24-356 returned 8,817 grams per tonne (g/t) silver equivalent (AgEq) over 4.20 metres true width (mTW) (1,694 g/t silver and 103.20 g/t gold)
  • Including 55,769 g/t AgEq over 0.64 mTW (9,920 g/t silver and 663.00 g/t gold)
• CS-24-362 returned 1,103 g/t AgEq over 10.50 mTW (804 g/t silver and 5.27 g/t gold)
  • Including 4,881 g/t AgEq over 1.47 mTW (3,437 g/t silver and 24.87 g/t gold)
  • And, 1,379 g/t AgEq over 0.91 m TW (1,145 g/t silver and 4.78 g/t gold)

"Today's results represent some of the highest-grade gold intercepts drilled to date at the Panuco Project," commented Michael Konnert, President & CEO. "Our ongoing infill program, targeting the near-surface ultra high-grade zone at Copala continues to deliver exceptional silver and gold grades over very broad widths. In addition to confirmation of continuity, hole CS-24-356 also expanded high-grade mineralization closer to surface. Moving forward we will continue our conversion drilling at Copala as we de-risk the project ahead of the maiden PEA, slated for early Q3 2024."

The precious metals dominant Copala Structure, located in the western portion of the Panuco district, is situated ~800 m to the east of the Napoleon Vein. Copala currently hosts Indicated Resources of 83.3 Moz AgEq at 573 g/t AgEq and Inferred Resources of 48.3 Moz AgEq at 476 g/t AgEq within a broad envelope of vein-breccia interlayered with host rock, up to 82 metres thick (please refer to our Technical Report on Updated Mineral Resource Estimate for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico, by Allan Armitage, Ben Eggers and Peter Mehrfert, dated February 12, 2024 and to Vizsla's press release dated January 8, 2024). Interpretations by Vizsla geologists indicate Copala has an average dip of ~46° to the east (~35° in its northern sector and steepening to ~65° in the southern sector).

Exploration and Resource drilling at Copala has traced mineralization along ~1,770 metres of strike length and ~400 metres down dip. The infill holes reported herein are part of an ongoing ~10,000 program (~35 holes), planned to convert near surface Indicated Mineral Resources in the central portion of main Copala into the Measured Resource category. The five infill holes reported were drilled at approximately 25 metre centers from pre-existing holes and continue to successfully confirm grade continuity. Furthermore, some of the remarkable silver and gold grades drilled at Copala reveal how rich the hydrothermal system involved in the process of vein formation was. This supports Vizsla´s ongoing exploration strategy, which has been tailored to locate additional Copala like structures. Vizsla plans to complete its ongoing ~10,000 infill program by mid to late July. Based on the results received, Vizsla Silver is analysing additional drilling metres to continue upgrading and expanding mineral resources in high priority areas at Copala.