VIZSLA SILVER ANNOUNCES $65 MILLION BOUGHT DEAL FINANCING The offering documentation is or will be accessible through SEDAR+ and EDGAR

VIZSLA SILVER ANNOUNCES $65 MILLION BOUGHT DEAL FINANCING

The offering documentation is or will be accessible through SEDAR+ and EDGAR

Vancouver, British Columbia (September 16, 2024) – Vizsla Silver Corp. (TSX-V: VZLA) (NYSE:

VZLA) (Frankfurt: 0G3) (“Vizsla” or the “Company”) is pleased to announce that it has entered into

an agreement with Canaccord Genuity as sole bookrunner, on behalf of itself and syndicate of

underwriters (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a

bought deal basis, 25,000,000 common shares (the "Common Shares"), at a price of $ 2.60 per

Common Share, for gross proceeds of approximately $65,000,000 (the "Offering").

The Company has granted the Underwriters an option (the “Over-Allotment Option”), exercisable at

the offering price for a period of 30 days after and including the closing of the Offering, to purchase up

to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close

on or about September 19, 2024 and is subject to the Company receiving all necessary regulatory

approvals. In the event that the Over Allotment Option is exercised in full, the total gross proceeds of

the Offering will be $74,750,000.

The Company currently intends to use the net proceeds of the Offering to advance the exploration,

drilling and development of the Company’s Panuco Project, as well as for working capital and general

corporate purposes as set out in the Prospectus Supplement (as defined below).

The Common Shares will be offered by way of a prospectus supplement (the “Prospectus

Supplement”) in all of the provinces and territories of Canada, other than Quebec, pursuant to the

Company's base shelf prospectus dated March 31, 2023 (the “Base Shelf Prospectus”), and will be

offered in the United States pursuant to a prospectus supplement (the “US Prospectus Supplement”)

filed as part of an effective registration statement on Form F-10 (the “Registration Statement”) filed

under the Canada/U.S. multi -jurisdictional disclosure system. Before investing, prospective

purchasers in Canada should read the Prospectus Supplement, the Base Shelf Prospectus, and the

documents incorporated by reference therein, and prospective purchasers in the United States should

read the US Prospectus Supplement, the Base Shelf Prospectus and the Registration Statement and

the documents incorporated by reference therein for more complete information about the Company

and the Offering.

Copies of the applicable offering documents, when available, can be obtained free of charge under

the Company’s profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Delivery of the

Base Shelf Prospectus and the Prospectus Supplement and any amendments thereto will be satisfied

in accordance with the "access equals delivery" provisions of applicable Canadian securities

legislation. An electronic or paper copy of Prospectus Supplement, the US Prospectus Supplement,

the Base Shelf Prospectus and the Registration Statement, when available, may be obtained, without

charge, from Canaccord Genuity by phone at 416-869-3052 or by e-mail at [email protected] by providing

Canaccord Genuity with an email address or address, as applicable.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall

there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be

unlawful.

About Vizsla Silver Corp.

Vizsla Silver is a Canadian mineral exploration and development company headquartered in

Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in

Sinaloa, Mexico. To date, Vizsla Silver has completed over 380,000 m etres of drilling at Panuco

leading to the discovery of several new high -grade veins. For 2024, Vizsla Silver has budgeted

+45,000 metres of resource/discovery-based drilling designed to upgrade and expand the mineral

resource, as well as test other high priority targets across the district.

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

Michael Konnert, President and Chief Executive Officer

Tel: (604) 364-2215

Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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, including those regarding the terms of the Offering and the

expected completion and use of proceeds thereof, which ultimately remains the subject of the

Company's discretion. 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.

Forward-looking statements and forward-looking information 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; costs of exploration and development; the estimated costs of development of

exploration projects; Vizsla Silver’s ability to operate in a safe and effective manner and its ability to

obtain financing on reasonable terms.

These statements reflect Vizsla Silver’s 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,

political 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 Silver 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; 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 the Prospectus Supplement, the US Prospectus

Supplement and Vizsla Silver’s management discussion and analysis. Readers are cautioned against

attributing undue certainty to forward-looking statements or forward-looking information. Although

Vizsla Silver 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 Silver 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.