An anonymous director reports

VIZSLA COPPER CLOSES NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $2.5M AND PROVIDES UPDATES

Vizsla Copper Corp. has closed its non-brokered private placement, previously announced on March 5, 2024, and March 18, 2024, issuing 38,460,995 units at a price of 6.5 cents per unit for gross proceeds of $2,499,962.08.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional common share at a price of 12 cents per warrant share until the date which is 36 months from April 11, 2024.

The net proceeds of the offering will be used for further exploration and general working capital purposes.

In connection with the offering, the company paid finders' fees of $50,483 in cash and issued 776,654 finders' warrants of the company. Each finder's warrant entitles the finder to purchase one common share at a price of 12 cents per finder warrant until the date which is 36 months from April 11, 2024.

The securities issued in connection with the private placement are subject to a four-month-and-one-day hold period under applicable Canadian securities laws. Closing of the private placement is subject to final approval of the TSX Venture Exchange.

Directors and officers of the company subscribed for an aggregate of 3,504,538 units for gross proceeds of $227,794.97 under the private placement. Participation by insiders of the company in the private placement 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.

Carruthers Pass update

The company has terminated the Carruthers Pass option agreement with Cariboo Rose Resources, resulting in Cariboo Rose retaining 100 per cent of the project. While the exploration potential for volcanogenic massive sulphide base metal deposits on the project remains high, it is not core to Vizsla Copper's current strategy of exploration and development of porphyry-related copper-gold deposits.

Copper Pit acquisition update

The company has received approval from the TSX Venture Exchange for the purchase agreement entered into with Michael Langille, previously announced on Feb. 21, 2024. Vizsla Copper has issued 100,000 common shares to purchase two mineral claims totalling 59.5 hectares, free and clear of any encumbrances. The consideration shares will be subject to a four-month hold period pursuant to applicable Canadian securities laws, after which 25 per cent of the consideration shares will become free trading. In addition, the vendor has agreed to voluntary resale restrictions whereby an additional 25 per cent of the consideration shares will become free trading every four months thereafter.

About Vizsla Copper Corp.

Vizsla Copper is a copper-gold-molybdenum-focused 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 three additional copper exploration properties: Copperview, Trailbreaker and Redgold, 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 it 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 Ian 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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