Mr. Craig Parry reports

VIZSLA COPPER PLANS AGGRESSIVE DRILL PROGRAM ACROSS THE THIRA ALTERATION CORRIDOR, POPLAR PROJECT

Preparations are under way for an aggressive drill program at Vizsla Copper Corp.'s Poplar project, central British Columbia. Up to 8,000 metres (m) of drilling will focus on investigating the extent of the Thira porphyry copper-molybdenum discovery, as well as evaluating new targets across the extensive eight-plus-kilometre-long Thira alteration corridor.

Highlights:

• Significant follow-up drill program: up to 8,000 metres of drilling across approximately 16 drill holes designed to build on significant results from 2025, including the discovery of the Thira porphyry copper-molybdenum zone (237.3 metres of 0.51 per cent copper equivalent (CuEq)* (0.36 per cent copper (Cu), 0.02 per cent molybdenum (Mo), 1.19 grams per tonne (g/t) silver (Ag) and 0.06 g/t gold (Au)) from 117.7 metres downhole in TH25-145);
• Expansion of the Thira discovery: one drill rig to investigate the extent and the structural and/or lithological controls on strong porphyry-related copper-molybdenum mineralization at the Thira discovery;
• Explore for other porphyry systems: one drill rig to evaluate two recently defined targets along trend from the Thira discovery associated with the extensive Thira alteration corridor.
• Program to commence: two drill rigs scheduled to mobilize in the coming weeks, with drilling to commence in the first week of February.

"With a strong treasury, fantastic targets and copper hitting $6 per pound, 2026 is shaping up to be the most exciting year to date for Vizsla Copper," commented Craig Parry, chairman and chief executive officer. "Thira discovery expansion is up first for our year-round exploration plans for 2026. Look for constant news flow as our winter drill season in British Columbia transitions to our summer drill program at Palmer."

"We are excited to kick off 2026 with a winter drill program at our Thira discovery," commented Steve Blower, vice-president, exploration. "We have planned an aggressive two rig drill program that will extend known copper-molybdenum mineralization at the Thira discovery, as well as evaluate new targets recently refined with ground geophysics and soil geochemistry."

Drill plans

The phase 1 2026 drill program at Poplar will consist of up to 8,000 metres of core drilling within the extensive Thira alteration corridor. Drilling is designed with two primary objectives:

1. Investigate the lateral and vertical extent of known porphyry-related copper-molybdenum mineralization at the Thira discovery. Results from the 2025 discovery drill program highlight a zone of near-surface, porphyry-related copper-molybdenum-silver-gold mineralization (237.3 metres of 0.51 per cent CuEq* (0.36 per cent Cu, 0.02 per cent Mo, 1.19 g/t Ag and 0.06 g/t Au) from 117.7 metres downhole in TH25-145 (see Oct. 20, 2025, news release)), which spans at least 800 metres east-west and at least 500 metres north-south. Planned stepout holes in all directions are designed to constrain the scale of the porphyry system. Drilling will also investigate the structural and/or lithological controls on higher-grade copper mineralization (77.0 metres of 0.55 per cent CuEq* (0.43 per cent Cu, 0.01 per cent Mo, 1.48 g/t Ag and 0.09 g/t Au) from 124.0 metres downhole in TH25-145) within the Thira porphyry system;
2. Test for porphyry-related copper-molybdenum mineralization at two recently defined high-priority targets (Copper Pond and Camp Lake) situated along trend from the Thira discovery. Both target areas are highlighted by inverted chargeability and resistivity models derived from compiled 2024 and 2025 DCIP (direct current induced polarization) data. The targets are characterized by zones of moderate chargeability response surrounded by zones of very high chargeability, which extend to depth in the 3-D models. These patterns are similar to the Thira discovery, where a centre of chalcopyrite-molybdenite-bearing potassic alteration (moderate chargeability) is surrounded by a broad zone of highly chargeable, pyrite-bearing phyllic alteration. These targets have yet to be systematically drill tested.

Timeline

Two drill rigs are planned to mobilize to site in the coming weeks. Drilling is scheduled to begin in the first week of February.

* Copper equivalent calculation uses metal prices of: $4 (U.S.) per pound (lb) Cu, $20 (U.S.) per lb Mo, $2,000 (U.S.) per ounce (oz) Au and $22 (U.S.) per oz Ag, and conceptual recoveries of Cu at 80 per cent, Mo at 80 per cent, Au at 70 per cent and Ag at 65 per cent. Metallurgical testwork has not been performed on core from Thira; therefore, it is uncertain which metals would report to potential concentrates; recoveries are conceptual in nature. CuEq is provided for illustrative purpose only to show the combined grades of Cu, Mo, Au and Ag relative to copper price net of conceptual metallurgical recoveries.

Poplar project

The 44,200-hectare Poplar project in central B.C. covers Mesozoic-aged arc-related volcanic, sedimentary and intrusive rocks considered prospective for porphyry-related copper and gold mineralization. In addition to the Thira target, the project also hosts the Poplar deposit, a near-surface porphyry-related copper and gold system. The Thira target is approximately 10 kilometres (km) south of the Poplar deposit. Vizsla Copper has the option to earn a 100-per-cent interest in the property through a series of expenditure commitments and annual cash payments until 2027.

Changes to compensation plan and grant

The company has replaced its stock option plan, which was originally adopted by the company's board of directors on Sept. 20, 2021, and amended April 25, 2024, with an omnibus equity incentive compensation plan. The omnibus plan will consist of a 10-per-cent rolling stock option plan and an 8-per-cent fixed other equity plan. The fixed amount in additional equity that includes performance share units, deferred share units and restricted share units is set to a maximum issuable of 7,071,203.

The purpose of the omnibus plan is to: (i) promote a significant alignment between officers, directors and employees of the company, and the growth objectives of the company; (ii) to associate a portion of participating employees' compensation with the performance of the company over the long term; and (iii) to attract, motivate and retain the critical employees to drive the business success of the company.

Pursuant to the company's omnibus plan, it has granted 4,785,000 stock options at an exercise price of $1.81 and 6,129,000 restricted share units (RSUs) to directors, officers, employees and consultants of the company. The options are exercisable for a period of five years and will vest over the next two years and the RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date.

The omnibus plan and all issuances granted under the omnibus plan are subject to approval of the TSX Venture Exchange and disinterested shareholder approval. These approvals will be sought at the company's next annual general meeting to be held in Q3 (third quarter) 2026.

Marketing services agreement

Vizsla Copper announces that it has entered into a marketing services agreement with 1123963 B.C. Ltd. (doing business as Capitaliz), an arm's-length marketing firm based in Vancouver, B.C., subject to acceptance by the TSX Venture Exchange. Capitaliz and its principals do not beneficially own, directly or indirectly, any securities of the company.

Under the marketing agreement, Capitaliz will provide digital marketing and investor awareness services, including the dissemination of company-approved information, in accordance with applicable securities laws and exchange policies, for a term of three months commencing on the later of Jan. 18, 2026, and acceptance of the marketing agreement by the exchange.

In consideration for the marketing services to be provided under the agreement, the company has allocated a total marketing budget of $400,000 (Canadian) for the three-month term. The fee is payable in full upon execution of the agreement and exchange approval, and will be expended on a fee-for-service basis in accordance with TSX Venture Exchange Policy 3.4. Either party may terminate the marketing agreement upon 30 days of written notice.

About Vizsla Copper Corp.

Vizsla Copper is a Cu-Au-Mo focused mineral exploration and development company headquartered in Vancouver, Canada. The company is primarily focused on its Palmer VMS (volcanogenic massive sulphide) project in southeastern Alaska, and its Poplar and Woodjam porphyry-related projects in central and Southern British Columbia. All of the company's projects are well situated amongst significant infrastructure. The company's growth strategy is focused on the exploration and development of the 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 jurisdictions of Alaska and British Columbia, 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 financing opportunities in the resource sector. Additional information about the company is available on SEDAR+ and the company's website.

Qualified person and National Instrument 43-101 disclosure

The company's disclosure of technical or scientific information in this news release has been reviewed and approved by Dr. Christopher Leslie, PhD, PGeo, technical adviser for Vizsla Copper. Dr. Leslie is a qualified person as defined under the terms of National Instrument 43-101.

Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Vizsla Copper and may in some instances be unverifiable.

We seek Safe Harbor.