Mr. Craig Parry reports

VIZSLA COPPER ANNOUNCES UPSIZE OF NON-BROKERED PRIVATE PLACEMENT TO UP TO $42 MILLION

Due to significant demand, Vizsla Copper Corp. has increased the size of its non-brokered private placement from up to $25-million to up to approximately $42-million. The upsized offering will now consist of:

• Up to 23,148,148 postconsolidation common shares of the company (LIFE shares) at price of $1.08 per LIFE share for gross proceeds of up to $25-million;
• Up to 6,481,481 postconsolidation common shares of the company at price of $1.08 per common share for gross proceeds of up to $7-million;
• Flow-through postconsolidation common shares of the company (FT shares) at a price of $1.24 per FT share and charity flow-through postconsolidation common shares of the company (CFT shares) at a price of $1.72 per CFT share for gross proceeds of up to approximately $10-million.

The common shares, FT shares and CFT shares will be offered by way of the accredited investor and minimum amount investment exemptions under National Instrument 45-106 -- Prospectus Exemptions (NI 45-106) in all the provinces of Canada. The LIFE shares will be offered pursuant to the exemption set out in Section Part 5A.2 of National Instrument 45-106, as amended by Coordinated Blanket Order 45-935 -- Exemptions from Certain Conditions of the Listed Issuer Financing Exemption to purchasers in Canada (other than the province of Quebec).

In connection with the offering, the company may pay finders' fees in accordance with the policies of the TSX Venture Exchange. Eventus Capital Corp. has been appointed as a finder in connection with the offering.

The company plans to use the proceeds of the offering as follows:

• An amount equal to the gross proceeds from the sale of the FT shares and the CFT shares will be used by the company to incur Canadian critical minerals exploration expenses that qualify as critical mineral flow-through mining expenditures and/or Canadian exploration expenses that qualify as flow-through mining expenditures, as such terms are defined under the Income Tax Act (Canada) related to the company's mineral properties in British Columbia;
• The net proceeds from the sale of the common shares and the LIFE shares will be used by the company for: (i) exploration of the Palmer project, (ii) continued exploration on Vizsla Copper's mineral properties in British Columbia, with a principal focus on the Poplar copper-gold project, (iii) costs of completing the acquisition of the Palmer project, and (iv) general working capital.

The offering is expected to close on or about Dec. 4, 2025. The offering remains subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the exchange. Further information regarding the company's proposed consolidation is contained in the company's press release dated Nov. 13, 2025.

There is an offering document related to the offering of LIFE shares that can be accessed under the company's profile on SEDAR+ and the company's website. Prospective investors of LIFE shares should read the offering document before making an investment decision.

The LIFE shares will not be subject to a hold period in Canada, subject to any hold periods required by the exchange. All other securities distributed as part of the offering will be subject to a four-month-and-one-day hold period in Canada.

About Vizsla Copper Corp.

Vizsla Copper is a Cu-Au-Mo (copper-gold-molybdenum) focused mineral exploration and development company headquartered in Vancouver, Canada. The company is primarily focused on its Poplar and Woodjam projects, well situated amongst significant infrastructure in central and Southern 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 and is backed by Inventa Capital Corp., a premier investment group founded in 2017 with the goal of discovering and funding opportunities in the resource sector.

We seek Safe Harbor.