Mr. Michael Konnert reports

VIZSLA SILVER HOSTS IN-DEPTH TECHNICAL OVERVIEW OF ITS RECENT FEASIBILITY STUDY AND CONVERTIBLE OFFERING

Vizsla Silver Corp. has posted a replay of its recent webinar summarizing the positive results of the independent feasibility study (FS) for its 100-per-cent-owned flagship Panuco silver-gold project in Mexico.

"With the completion of our feasibility study and this successful convertible notes offering, we are thrilled to have achieved two major milestones for Vizsla Silver," stated Michael Konnert, chief executive officer of Vizsla Silver. "The feasibility study confirms the strong technical foundation and economic viability of Panuco, consistent with the results outlined in our PEA. The new financing replaces the previously announced debt mandate with Macquarie and provides a flexible structure that positions us to rapidly advance Panuco with wider growth prospects. We are grateful to our investors for their continued support as we move Panuco toward a construction decision and the next phase of value creation."

For more information on the feasibility study, please see Vizsla's press release dated Nov. 12, 2025.

Qualified person

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.

About Vizsla Silver Corp. and the Panuco project

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 feasibility study for Panuco in November, 2025, which highlights 17.4 million ounces AgEq (silver equivalent) of annual production over an initial 9.4-year mine life, an after-tax NPV (net present value) (5 per cent) of $1.8-billion (U.S.), 111-per-cent IRR (internal rate of return) and a seven-month payback at $35.50 (U.S.)/ounce Ag and $3,100 (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.

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