Mr. Michael Konnert reports

VIZSLA SILVER FILES FEASIBILITY STUDY TECHNICAL REPORT ON THE PANUCO PROJECT

Vizsla Silver Corp. has filed a technical report titled, "Panuco Project - NI 43-101 Technical Report and Feasibility Study," with an effective date of Nov. 4, 2025. The FS was completed by Ausenco Engineering Canada ULC, supported by Mining Plus Canada Consulting Ltd. and SGS Canada Inc., in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. The results of the FS were previously announced in the company's news release dated Nov. 12, 2025.

The FS is available under Vizsla Silver's SEDAR+ profile, EDGAR or on the company's website.

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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