Vizsla Silver Corp. reported results from six new drill holes targeting the Copala resource area at its 100%-owned, flagship Panuco silver-gold project located in Mexico. The reported drilling, designed to infill near-surface Indicated Mineral Resources, continues to confirm high-grade continuity throughout Copala including new high-grade intercepts on the Copala 3 hanging-wall vein splay.

CS-24-366 returned 2,398 grams per tonne (g/t) silver equivalent (AgEq) over 7.00 metres true width (mTW) (1,898 g/t silver and 9.51 g/t gold) Including 5,385 g/t AgEq over 0.56 mTW (3,950 g/t silver and 25.40 g/t gold) And, 4,457 g/t AgEq over 1.29 mTW (3,430 g/t silver and 18.95 g/t gold) CS-24-359 returned 1,027 g/t AgEq over 7.80 mTW (788 g/t silver and 4.40 g/t gold) Including 6,343 g/t AgEq over 0.86 mTW (5,010 g/t silver and 25.30 g/t gold) And, 1,749 g/t AgEq over 0.53 m TW (1,360 g/t silver and 7.26 g/t gold) CS-24-361 returned 2,023 g/t AgEq over 3.50 mTW (1,617 g/t silver and 7.83 g/t gold) Including 6,331 g/t AgEq over 0.39 mTW (5,230 g/t silver and 22.30 g/t gold) CS-24-363 returned 2,193 g/t AgEq over 2.68 mTW (1,831 g/t silver and 7.47 g/t gold) Including 4,787 g/t AgEq over 0.78 mTW (4,040 g/t silver and 15.75 g/t gold). The precious metals dominant Copala structure, located in the western portion of the Panuco district, is situated ~800 m to the east of the Napoleon Vein. Copala currently hosts Indicated Resources of 83.3 Moz AgEq at 573 g/t AgEq and Inferred Resources of 48.3 Moz AgEq at 476 g/t AgEq within a broad envelope of vein-breccia interlayered with host rock, up to 82 metres thick (please refer to our Technical Report on Updated Mineral Resource Estimate for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico, by Allan Armitage, Ben Eggers and Peter Mehrfert, dated February 12, 2024 and to Vizsla's press release dated January 8, 2024).

Interpretations by Vizsla geologists indicate Copala has an average dip of ~46° to the east (~35° in its northern sector and steepening to ~65° in the southern sector). Exploration and Resource drilling at Copala has traced mineralization along ~1,770 metres of strike length and ~400 metres down dip. The infill holes reported herein are part of an ongoing ~10,000 program (~35 holes), planned to convert near surface Indicated Mineral Resources in the central portion of main Copala into the Measured Resource category.

The six infill holes reported were drilled at approximately 25 metre centers from pre-existing holes and continue to successfully confirm grade continuity along the main Copala structure. Additionally, some of these holes also intercepted high-grades on Copala 3, which sits between 10-45 metres to the east of Copala main, on the hanging-wall side of the structure. The Copala 3 vein is demonstrating good continuity with many holes having previously intercepted the structure.

The high grades seen in Copala 3, may contribute to a further improved, overall grade profile as more resources are converted to higher confidence categories in the central portion of Copala. Vizsla plans to complete its ongoing ~10,000 infill program by mid to late July. Based on the results received, Vizsla is analysing additional drilling metres to continue upgrading and expanding mineral resources in high priority areas at Copala.