Mr. Michael Konnert reports

VIZSLA SILVER PUBLISHES INAUGURAL SUSTAINABILITY REPORT

Vizsla Silver Corp. has released its inaugural sustainability report, highlighting the company's commitment to sustainable practices and responsible corporate citizenship.

"Vizsla has always placed sustainability at the heart of its strategy," commented Michael Konnert, president and chief executive officer. "This inaugural report demonstrates our ongoing commitment to the environment, our people, the communities in which we operate and our high standards of corporate governance. Furthermore, the report highlights the company's ethical leadership, dedication to transparency, accountability and the continuous improvement of its sustainability practices. I am very proud of the progress Vizsla has made so far as we position ourselves to be the leaders in regenerative mining practices."

The report provides detailed insights into Vizsla's performance and initiatives across three key pillars of sustainability -- environmental stewardship, social responsibility and ethical governance. Key performance highlights include:

Environmental:

• Commissioned a greenhouse gas inventory -- the first step in reducing the company's carbon footprint;
• Explored options to incorporate on-site renewable energy.

Social:

• Increased health and well-being of local Mexican residents through biannual health fairs and community health campaigns;
• Achieved a safety milestone -- exceeding one million consecutive work hours without a lost time incident.

Governance:

• Prepared inaugural sustainability report;
• Began utilizing a new software platform to track and enhance ESG performance.

Vizsla's 2023 report was prepared by a third party and is aligned with the IFRS Foundation International Sustainability Standards Board SASB metals and mining standard. The report includes goals, actions and performance metrics, providing stakeholders an opportunity to gain a comprehensive understanding of the company's sustainability journey. The report will be shared through various communication channels, including the company's website.

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, was prepared by Dr. Allan Armitage, PhD, PGeo, Ben Eggers, MAIG, PGeo, and Yann Camus, PEng, of SGS Geological Services.

Appointment of Sideways Frequency LLC

Vizsla would also like to announce that, subject to regulatory approval, it has retained Sideways Frequency LLC (SFLLC) to provide certain marketing services to the company in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Under the agreement, the company will pay SFLLC $250,000 (U.S.) for the initial six-month term and grant 250,000 options exercisable at a price of $1.53. Vizsla has a right to renew the agreement at any point during the six-month term. SFLLC is at arm's length to the company, and neither holds any securities of the company nor has any interest, direct or indirect, in the company.

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 Silver has completed over 310,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2023, Vizsla Silver has budgeted over 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.

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