Mr. Michael Konnert reports

VIZSLA SILVER ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING

Vizsla Silver Corp. has released the results of the company's annual general and special meeting of the shareholders held in Vancouver, B.C., on Nov. 1, 2023.

Shareholders were asked to vote on the following:

• Fix the number of directors at five persons;
• Elect Craig Parry, Michael Konnert, Simon Cmrlec, Harry Pokrandt and David Cobbold as directors for the ensuing year;
• Re-appoint MNP LLP as the Company's auditor for the ensuing year and authorize the directors to determine the remuneration to be paid to the auditor;
• Approve the Company's omnibus equity incentive compensation plan; and
• Approve the Company's shareholder rights plan (the "Rights Plan") adopted by the board of directors (the "Board").

Shareholders approved all motions put forth at the Meeting and a total of 100,458,716 shares were voted, representing 48.30% of the Company's issued and outstanding shares. A detailed report of the results is available on the Company's profile on SEDAR+ and EDGAR.

The adoption of the Rights Plan is intended to ensure, to the extent possible, that all shareholders of the Company are treated fairly and equally in connection with any unsolicited take-over bid or other acquisition of control of or a significant interest in the Company and to protect against acquisitions of control of the Company through purchases of common shares of the Company that are exempt from applicable Canadian take-over bid rules. Furthermore, the Rights Plan will ensure the Board is provided with adequate time to consider and evaluate such a take-over bid or other acquisition and, if appropriate, identify, develop and negotiate any value-enhancing alternatives.

The Rights Plan is substantially similar to shareholder rights plans adopted by other Canadian issuers and the Rights Plan is not being adopted in response to any specific proposal to acquire control of the Company. In accordance with the terms of the Rights Plan, one right (a "Right") will be issued and attached to each common share in the capital of the Company (a "Share") outstanding as of the record time under the Rights Plan. A Right will also be attached to each Share issued after the effective date in accordance with the terms of the Rights Plan. The issuance of the Rights will not change the manner in which shareholders trade their Shares and the Rights will automatically attach to the Shares with no further action required by shareholders.

Subject to the terms of the Rights Plan, the Rights issued under the Rights Plan become exercisable only if a person (an "Acquiring Person"), together with certain parties related to such person, acquires or announces its intention to acquire beneficial ownership of 20% or more of the outstanding Shares without complying with the "Permitted Bid" provisions of the Rights Plan. Following a transaction that results in a person becoming an Acquiring Person, the Rights entitle the holders thereof (other than the Acquiring Person and certain related parties) to purchase Shares at a significant discount to the market price at that time.

The Rights Plan is subject to the acceptance of the TSX Venture Exchange. The Rights Plan will have an initial term of three years.

The description of the Rights Plan in this press release is qualified in its entirety by the full text of the Rights Plan. A copy of the Rights Plan is available on SEDAR+ under the Company's profile at www.sedarplus.ca and on the Company's website at https://vizslasilvercorp.ca/corporate/corporate-governance/.

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 sulfidation 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.

About Vizsla Silver

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

We seek Safe Harbor.