Mr. Michael Konnert reports

VIZSLA SILVER FORMS JOINT TECHNICAL COMMITTEE WITH DR. PETER MEGAW AND PRISMO METALS

Vizsla Silver Corp. has formed a strategic technical committee in collaboration with Dr. Peter Megaw and Prismo Metals Inc. This joint effort aims to leverage the combined experience and knowledge of Vizsla and Prismo and reflects the commitment of both organizations to socially and environmentally responsible exploration of the Panuco silver-gold district.

"We are thrilled to collaborate with Dr. Peter Megaw and Dr. Craig Gibson and establish this technical committee," commented Michael Konnert, president and chief executive officer of Vizsla Silver. "By combining our strengths and expertise, we significantly improve our odds for making additional discoveries in the central and eastern portions of the vastly underexplored Panuco district."

The technical committee will focus on regional- and district-scale generative work centred on both the Panuco and Palos Verdes claims. Through joint research and development initiatives, knowledge sharing, and collaborative projects, the committee aims to accelerate the pace of geologic understanding in the district and contribute to its long-term growth and success as the next major mining district in Mexico.

The joint technical committee will comprise Dr. Jesus Velador, vice-president, exploration, of Vizsla, Dr. Gibson, president and chief executive officer of Prismo Metals, and Dr. Megaw, chief exploration officer of Mag Silver Corp. Dr. Megaw has a PhD in geology from the University of Arizona and over 40 years of mineral exploration experience in Mexico with a focus on silver. Both Dr. Velador and Dr. Megaw have worked together in the past and have each been instrumental in numerous mineral discoveries in Mexico, including Mag Silver's Juanicipio project.

"The Panuco-Copala district is clearly a large-scale, long-lived district with the production profile of a major epithermal vein camp," said Dr. Megaw, technical adviser to Prismo Metals. "Any time you can step into a historic district and quickly find important blind veins means its worth stepping back to see where else that potential exists in the area. I look forward to working with the joint technical committee to explore Panuco as a coherent whole."

Dr. Velador, vice-president, exploration, of Vizsla Silver, added, "I am very excited for the opportunity to collaborate yet again with Dr. Peter Megaw as we look to identify new centres of high-grade mineralization within the broader Panuco district."

About the Panuco project

The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlan. The 7,189.5-hectare, past-producing district benefits from over 86 kilometres of total vein extent, 35 kilometres of underground mines, roads, power and permits.

The district contains intermediate- to low-sulphidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara formation.

The Panuco project hosts an estimated in situ indicated mineral resource of 104.8 million ounces silver equivalent and an in situ inferred resource of 114.1 Moz AgEq. An updated National Instrument 43-101 technical report, titled "Technical Report on the Mineral Resource Estimate Update for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico," was filed on SEDAR on March 10, 2023, with an effective date of Jan. 19, 2023, and was prepared by Allan Armitage, PhD, PGeo, Ben Eggers, MAIG, PGeo, and Yann Camus, PEng, of SGS Geological Services.

About Vizsla Silver Corp.

Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, B.C., focused on advancing its flagship, 100-per-cent-owned Panuco silver-gold project located in Sinaloa, Mexico. To date, Vizsla has completed over 250,000 metres of drilling at Panuco, leading to the discovery of several new high-grade veins. For 2023, Vizsla has budgeted over 90,000 metres of resource-based/discovery-based drilling designed to upgrade and expand the mineral resource, as well as test other high-priority targets across the district.

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