Mr. Chris Donaldson reports

VIZSLA COPPER ANNOUNCES CLOSING OF $6 MILLION BROKERED PRIVATE PLACEMENT

Vizsla Copper Corp. has closed its previously announced marketed best efforts private placement for aggregate gross proceeds of approximately $6,002,000, including the full exercise of the overallotment option. The offering was led by PI Financial Corp. (the agent) as sole bookrunner and lead agent.

"This financing demonstrates strong interest in great copper and gold projects," commented Craig Parry, executive chairman. "Of the critical metals, we think copper is the most important of all -- and with a large copper and gold resource base already defined, our shareholders are set to benefit from anticipated increases in metal prices in the years to come. The financing was strongly supported by Inventa Capital and existing shareholders. We are now in great shape to commence our planned 8,000 m high-impact summer drill campaign at Woodjam where we will be drilling near historic wide, high-grade copper and gold intercepts. We will also begin to test some of the many discrete magnetic anomalies we have identified in an area where the potential for discovery of porphyry mineralization has been demonstrated. Investors can expect strong news flow through the second half of the year as we drill on the this highly prospective property."

In connection with the offering, the company issued 9.1 million units at a price of 22 cents per unit for gross proceeds of $2,002,000, and 16,668,333 flow-through shares at a price of 24 cents per FT share for gross proceeds of approximately $4,000,400.

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each whole warrant shall be exercisable into one additional share for a period of 24 months following the closing of the offering at an exercise price of 30 cents per warrant share.

The net proceeds raised from the units will be used to finance the continuing advancement of exploration and development at the company's exploration projects in British Columbia, and for working capital and general corporate purposes.

Each FT share qualifies as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada). The gross proceeds from the sale of the FT shares will be used before 2025 by the company to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures as such terms are defined in the Tax Act related to the company's mineral exploration projects in British Columbia, Canada. All qualifying expenditures will be renounced in favour of the subscribers of the FT shares effective Dec. 31, 2023.

In connection with the offering, the company paid the agent a cash commission of $330,144 and issued 1,421,050 compensation options of the company to the agent. Each compensation option entitles the agent to purchase one share at an exercise price of 22 cents per share for a period of 24 months following the closing of the offering.

The offered securities are subject to a four-month-and-one-day hold period under applicable Canadian securities laws. Closing of the offering is subject to final approval of the TSX Venture Exchange.

Directors and officers of the company subscribed for an aggregate of 2,125,200 FT shares and 45,500 units for gross proceeds of $520,058 under the offering. Participation by insiders of the company in the offering constitutes a related-party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 as the common shares of the company are listed on the TSX-V. The issuance of securities is also exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(1)(b) of MI 61-101 as the fair market value was less than $2.5-million.

About Vizsla Copper Corp.

Vizsla Copper is a copper-gold-molybdenum mineral exploration and development company headquartered in Vancouver, Canada. The company is focused on its flagship Woodjam project, located within the prolific Quesnel terrane, 55 kilometres east of the community of Williams Lake, B.C. It has two additional copper exploration properties, the Blueberry and Carruthers Pass projects, well situated amongst significant infrastructure in British Columbia. The company will grow through the exploration and development of the copper properties within its portfolio in addition to value accretive acquisitions. Vizsla Copper's vision is to be a responsible copper explorer and developer in the stable mining jurisdiction of British Columbia, Canada, and is committed to socially responsible exploration and development, working safely, ethically and with integrity.

Vizsla Copper is a spin-out of Vizsla Silver Corp. and is backed by Inventa Capital Corp., a premier investment group founded in 2017 with the goal of discovering and financing opportunities in the resource sector.

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