Mr. Michael Konnert reports

VIZSLA SILVER ANNOUNCES RELEASE OF ITS THIRD ANNUAL SUSTAINABILITY REPORT

Vizsla Silver Corp. has released its third annual sustainability report, which highlights the company's continued dedication to sustainable growth and gives an overview of key initiatives and measurable achievements made in the areas of community engagement and environmental footprint.

"Our commitment to sustainability comes from our core values which guide everything we do at Vizsla Silver. This year's report highlights the collective efforts of our team who are all working towards a shared vision of a greener future," said Michael Konnert, president and chief executive officer. "We are incredibly proud of our progress, and our focus remains on driving innovation, reducing our environmental impact and creating positive change for future generations. We are excited to take steps towards our concept of regenerative mining this coming year. Over the last three years, the company has invested over $600,000 (U.S.) into local community well-being initiatives, including projects like the Venados de Mazatlan partnership and health fairs. Additionally, I want to congratulate our team in Mexico, led by Hernando Rueda, for renewing the ESR distinction (Empresa Socialmente Responsable-Social Responsibility Distinction) for the fourth year in a row."

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

Environmental:

• Maintained voluntary efforts to rehabilitate two aging tailing storage facilities from legacy operations;
• Cultivated approximately 5,000 native trees, accounting from 19 different species that will serve in future restoration activities.

Social:

• Partnered with the Venados de Mazatlan baseball team, which aims to create positive community impact in Mazatlan through well-being initiatives;
• Invested $205,300 (U.S.) in community well-being, bringing the cumulative total investment to over $600,000 (U.S.).

Governance

• Strengthened the company's environmental, social and governance (ESG) reporting framework and updated ESG goals;
• Initiated the process of updating the company's social impact assessment.

The report was prepared with reference to the IFRS Foundation International Sustainability Standards Board (ISSB) SASB Metals and Mining Standard, and represents an opportunity for stakeholders 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 original contiguous 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.

On Jan. 6, 2025, the company announced an updated mineral resource estimate for Panuco which includes an estimated in-situ combined measured and indicated mineral resource of 222.4 million ounces AgEq (silver equivalent) and an in situ inferred resource of 138.7 Moz AgEq (please refer to Vizsla's press release dated Jan. 6, 2025).

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. The company recently completed a preliminary economic study for Panuco in July, 2024, which highlights 15.2 million ounces AgEq (silver equivalent) of annual production over an initial 10.6-year mine life, an after-tax NPV (net present value) 5 per cent of $1.1-billion (U.S.), 86-per-cent IRR (internal rate of return) and a nine-month payback at $26 (U.S.)/oz Ag and $1,975 (U.S.)/oz Au. Vizsla Silver aims to position itself as a leading silver company by implementing a dual-track development approach at Panuco, advancing mine development, while continuing district-scale exploration through low-cost means.

Technical disclosure

In accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, Jesus Velador, PhD, MMSA QP, vice-president of exploration, is the qualified person for the company and has reviewed and approved the technical and scientific content of this news release.

No production decision has been made for Panuco at this time. Any decision to proceed to construction or commercial production will only be made following completion of a feasibility study that demonstrates economic and technical viability in accordance with NI 43-101.

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