Mr. Craig Parry reports

VIZSLA COPPER EXTENDS DEERHORN AND TAKOM DEPOSITS AND INTERSECTS STRONGEST COPPER MINERALIZATION TO DATE AT THE MEGATON ZONE

Vizsla Copper Corp. has released additional assay results from its summer core drilling program at the Woodjam copper-gold project in central British Columbia. Highlights include significant extensions to the Deerhorn and Takom deposits and the strongest copper mineralization to date at the Megaton zone.

Highlights

Mineralization extended at the Deerhorn and Takom deposits:

• Drill hole DH23-107 (Deerhorn):
  • Intersected 37.5 metres averaging 0.64 per cent copper equivalent (0.12 per cent copper, 0.78 gram per tonne gold);
  • Includes a higher-grade subinterval of 22.5 m averaging 0.84 per cent CuEq (0.13 per cent Cu, 1.07 g/t Au).
• Drill hole DH23-104 (Deerhorn):
  • Intersected 90.7 m averaging 0.36 per cent CuEq (0.10 per cent Cu, 0.38 g/t Au).
• Drill hole TK23-111 (Takom):
  • Intersected 20 m averaging 0.69 per cent CuEq (0.50 per cent Cu, 0.27 g/t Au);
  • Intersected a second zone of 97.60 m averaging 0.20 per cent CuEq (0.15 per cent Cu, 0.08 g/t Au).

Megaton drilling:

• Drill hole MT23-116 (Megaton):
  • Intersected 110.1 m averaging 0.26 per cent CuEq (0.20 per cent Cu, 0.01 g/t Au).

Note: Copper equivalent values are based on metal prices of $4/pound Cu, $1,800/ounce Au, $22/oz silver and $15/lb molybdenum.

"I'm very pleased with the results of our first drilling program at Woodjam," commented Craig Parry, executive chairman. "Our strategy of acquiring underappreciated assets in top-tier jurisdictions and adding value through aggressive exploration is progressing nicely. We will continue to pursue this strategy with more exploration at Woodjam and our other highly prospective projects."

"Thanks to our field crews, led by senior geologist Ian Borg and project geologist Colin Bateman, the summer drilling program at Woodjam has been a resounding success," commented Steve Blower, vice-president of exploration. "We safely and effectively explored several different target areas. Mineralization at the Deerhorn and Takom deposits was expanded and gaps in the drilling at the large Southeast deposit were successfully filled. However, I'm most excited about the result at the Megaton zone, where drill hole MT23-116 intersected the strongest mineralization there to date and has established a clear vector for further exploration. There are strong indications that Megaton is another porphyry centre at Woodjam."

Deerhorn

Drill holes DH23-104 and DH23-107 were completed to evaluate down-dip and up-dip extensions, respectively, on the southernmost section of historical drilling at the Deerhorn zone. Historical drill hole DH12-37 had previously intersected a long interval of copper and gold mineralization (100 m at 0.97 g/t Au and 0.13 per cent Cu from 211 m) on this section. Drill holes DH23-104 and DH23-107 extended the mineralization in both the down-dip and up-dip directions and demonstrate that the system is robust at the south end of the zone and remains open for expansion in this direction. Drill hole DH23-109 was completed as a 100 m stepout farther south and while it did not intersect significant copper or gold mineralization, the drill hole was strongly altered and is interpreted to have intersected an altered envelope around the plunging zone of mineralization. More drilling is required at the south end of Deerhorn.

Takom

Drilling at the Takom deposit successfully extended mineralization on the east side of the deposit with drill hole TK23-111. TK23-111 intersected 20 m averaging 0.69 per cent CuEq and a second interval of 97.60 m averaging 0.20 per cent CuEq.

Megaton

Wide-spaced, historical drilling at the Megaton zone, located approximately two kilometres northeast of the large Southeast deposit, has commonly intersected long intervals of low-grade copper mineralization over a large area. The geology at Megaton is similar to that at the Southeast zone, with mineralization hosted by several phases of altered monzonite, including potassium feldspar porphyry, along the northern edge of the Takomkane batholith. New direct current induced polarization (DCIP) geophysical survey data collected earlier this year indicated greater concentrations of sulphide mineralization may be present north of previous drilling. Drill hole MT23-116, collared 150 m north of historical drill hole MT21-07, intersected the strongest mineralization to date at Megaton, 110.1 m averaging 0.26 per cent CuEq. Drill hole MT23-118, completed 180 m northeast of MT23-116, intersected 63.3 m averaging 0.18 per cent CuEq. Much of the large DCIP anomaly remains undrilled to the north of drill holes MT23-116 and MT23-118, where interpreted structures extend from the Southeast deposit.

The drill program is now complete. A total of 7,599 m were drilled in 18 drill holes. Assay results have now been received for all of the drill holes.

Sampling, chain of custody, quality assurance and quality control

All sampling was conducted under the supervision of Vizsla's geologists and the chain of custody from the sampling facility in Horsefly to the sample preparation facility, ALS Laboratories in Kamloops, B.C., was continuously monitored.

Core samples were taken as one-half core, from a minimum of 0.3 m to a maximum of two m core length to account for lithological or alteration boundaries. Samples were then crushed, pulverized and sample pulps were analyzed using industry-standard analytical methods, including a four-acid, inductively coupled plasma mass spectrometry multielement package (ALS code ME-MS61) and an inductively coupled plasma atomic emission spectroscopy method for high-grade copper samples (ALS code ME-OG62). Gold was analyzed using a 30-gram aliquot by fire assay with an ICP-AES finish (ALS code Au-ICP21).

Certified reference material was inserted every 10th sample. Coarse blank was inserted every 20th sample. For approximately 2.5 per cent of core samples, the remaining one-half core was taken as a field duplicate. For 2.5 per cent of core samples a preparation duplicate is taken after coarse crushing is complete at the laboratory.

In addition to Vizsla's QA/QC program, additional blanks, reference materials and duplicates were inserted by ALS according to its internal procedures. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results.

Repricing of warrants

The company intends to reprice and extend the expiry date of a total of 3,072,061 share purchase warrants exercisable at 65 cents per common share expiring on April 14, 2024. The warrants were issued pursuant to a private placement which closed on April 14, 2022. The company proposes to reprice the warrants to 35 cents per share and extend the expiry date by an additional year to April 14, 2025.

All other terms and conditions of the warrants remain unchanged. The extension of the warrants is subject to acceptance by the TSX Venture Exchange.

About Vizsla Copper Corp.

Vizsla Copper is a copper-gold-molybdenum- ocused mineral exploration and development company headquartered in Vancouver, Canada. The company is primarily 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 four additional copper exploration properties: Copperview, Redgold, Blueberry and Carruthers Pass, all well situated amongst significant infrastructure in British Columbia. The company's growth strategy is focused on the exploration and development of its 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 spinout 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.

Qualified person

The company's disclosure of technical or scientific information in this press release has been reviewed and approved by Mr. Borg, PGeo, senior geologist for Vizsla Copper. Mr. Borg is a qualified person as defined under the terms of National Instrument 43-101.

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