Vizsla Royalties Announces Stock Option Grant

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FOR IMMEDIATE RELEASE SEPTEMBER 25, 2024

VIZSLA ROYALTIES ANNOUNCES STOCK OPTION GRANT

Vancouver, British Columbia (September 25, 2024) – Vizsla Royalties Corp. (“Vizsla Royalties” or the

“Company”) (TSX-V: VROY) announces that, pursuant to the Company’s Stock Option Plan, it has granted

1,961,000 stock options (“Options”) at an exercise price of $1.86 to directors, officers, employees and

consultants of the Company. The Options are exercisable for a period of five years and will vest over the

next two years.

The Options are subject to the approval and policies of the TSX Venture Exchange.

About Vizsla Royalties Corp.

Vizsla Royalties Corp. is a precious metals focused royalty company. The Company’s principal asset is a

Net Smelter Return Royalty on Vizsla Silver Corp.’s (TSXV: VZLA, NYSE: VZLA) flagship Panuco Project

located in Mexico. Panuco is a world-class silver and gold development project actively advancing towards

production. Panuco currently hosts an estimated in-situ indicated mineral resource of 155.8 Moz AgEq

and an in-situ inferred resource of 169.6 Moz AgEq (please refer to Vizsla Silver’s 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).

Contact Information: For more information and to sign-up to the mailing list, please contact:

Michael Pettingell, Chief Executive Officer

Tel: (604) 364-2215

Email: [email protected]

Website: www.vizslaroyalties.com

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release includes certain “Forward-Looking Statements” within the meaning of the United States Private

Securities Litigation Reform Act of 1995 and “forward-looking information” under applicable Canadian securities

laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”,

“forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward-looking

statements or information. These forward-looking statements or information relate to, among other things, the

resumption of trading in the Warrants.

Forward-looking statements and forward-looking information relating to any future mineral production, liquidity,

enhanced value and capital markets profile of Vizsla Royalties, future growth potential for Vizsla Royalties and its

business, and future exploration plans are based on management’s reasonable assumptions, estimates,

expectations, analyses and opinions, which are based on management’s experience and perception of trends,

current conditions and expected developments, and other factors that management believes are relevant and

reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding,

among other things, the price of silver, gold, and other metals; no escalation in the severity of the COVID -19

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pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla

Royalties’ ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect Vizsla Royalties’ respective current views with respect to future events and are necessarily

based upon a number of other assumptions and estimates that, while considered reasonable by management, are

inherently subject to significant business, economic, competitive, polit ical and social uncertainties and

contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements

to be materially different from the results, performance or achievements that are or may be expressed or implied

by such forward-looking statements or forward-looking information and Vizsla Royalties has made assumptions and

estimates based on or related to many of these factors. Such factors include, without limitation: the Company's

dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the

Company's mining activities in Mexico; regulatory, consent or permitting delays; risks relating to reliance on the

Company's management team and outside contractors; risks regarding mineral resources and reserves; the

Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency

fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project

financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of

reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title

to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health

and safety; the ability of the communities in which the Company operates to manage and cope with the implications

of COVID-19; the economic and financial implications of COVID-19 to the Company; operating or technical difficulties

in connection with mining or development activities; employee relations, labour unrest or unavailability; the

Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully

integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing

quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers;

lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption “Risk

Factors” in Vizsla Royalties’ management discussion and analysis. Readers are cautioned against attributing undue

certainty to forward-looking statements or forward-looking information. Although Vizsla Royalties has attempted to

identify important factors that could cause actual results to differ materially, there may be other factors that cause

results not to be anticipated, estimated or intended. Vizsla Royalties does not intend, and does not assume any

obligation, to update these forward-looking statements or forward -looking information to reflect changes in

assumptions or changes in circumstances or any other events affecting such statements or information, other than

as required by applicable law.