Saturday, September 26, 2026
MiningNewsTerminal
Saturday, September 26, 2026 Admin

VZLA.TO ·

Vizsla Silver Files Feasibility Study Technical Report ON the Panuco Project

Technical Reports (NI 43-101) Economic Studies

VIZSLA SILVER FILES FEASIBILITY STUDY TECHNICAL

REPORT ON THE PANUCO PROJECT

NYSE: VZLA TSX: VZLA

VANCOUVER, BC

,

Dec. 9, 2025

/CNW/ -

Vizsla Silver Corp.

(TSX: VZLA) (NYSE: VZLA) (

Frankfurt

: 0G3) ("

Vizsla

" or the

"

Company

") is pleased to announce the filing of a technical report titled, "Panuco Project – NI 43-101 Technical Report and

Feasibility Study" (the "

FS

"), with an effective date of

November 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

November 12, 2025

.

The FS is available under Vizsla Silver's SEDAR+ profile at

www.sedarplus.ca

,

EDGAR

or on the Company's website at

www.vizslasilvercorp.com

.

About Vizsla Silver and the Panuco Project

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

. The Company recently completed a Feasibility Study

for

Panuco

in

November 2025

which highlights 17.4 Moz AgEq of annual production over an initial 9.4-year mine life, an after-tax

NPV(5%) of

US$1.8B

, 111% IRR and a 7-month payback at

US$35.50

/oz Ag and

US$3,100

/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.

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 contains "forward-looking statements" and "forward-looking information" (together, "forward-looking statements")

within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995.

Forward-looking statements relate to future events or performance and reflect management's expectations or beliefs regarding

future events, plans, and objectives.

Forward-looking statements in this release include, but are not limited to, statements regarding: the potential development of the

Panuco Project; the results, interpretation and economic projections of the Feasibility Study, including estimated capital and

operating costs, mine life, throughput rates, recoveries, production rates, payback period, AISC, NPV and IRR; the timing, scope

and cost of planned exploration, development, permitting and construction activities; the expected timing for submission and approval

of environmental permits; expectations regarding project financing and future funding requirements; the anticipated timing of any

construction decision, start of production, or achievement of commercial production; the Company's plans to pursue additional

exploration, infill drilling, resource expansion, or optimization studies; the potential to upgrade Inferred Resources to Indicated or

Measured categories; potential mine life extensions; future metal prices and exchange rates; and other statements regarding

management's plans, strategies, and future operations.

Forward-looking statements are based on a number of assumptions believed to be reasonable by the Company as of the date of this

release, including, without limitation: the accuracy of the Feasibility Study parameters; the availability of financing on acceptable

terms; that required permits and approvals will be obtained in the expected timeframe; continued community and government

support; stability in market, political and economic conditions; reasonable accuracy of operating and capital cost estimates; and

continued favourable metal prices and exchange rates.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results

to differ materially. Such risks include, but are not limited to: exploration, development and operating risks; permitting, environmental

and regulatory risks; community relations and social licence risks; commodity price and currency fluctuations; inflation and cost

escalation; financing and liquidity risks; reliance on contractors and suppliers; title and surface rights risks; changes in project

parameters; inaccuracies in technical or economic modelling; the risk that the Feasibility Study assumptions prove inaccurate; and

other risks described in the Company's continuous disclosure filings available under its profile on SEDAR+ at

www.sedarplus.ca

.

There can be no assurance that the Panuco Project will be placed into production or that the results of the Feasibility Study will be

realized. The purpose of the forward-looking statements is to provide information about management's current expectations and

plans and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on forward-looking

statements, which speak only as of the date of this release. Except as required by applicable law, the Company undertakes no

obligation to update or revise any forward-looking statements contained herein.

No Production Decision: The Company has not made a production decision for the Panuco Project. A decision to proceed with

construction will only be made following the completion and review of detailed engineering, financing arrangements, and receipt of all

required permits and approvals

View original content to download multimedia:

https://www.prnewswire.com/news-releases/vizsla-silver-files-feasibility-study-technical-report-on-the-panuco-project-302636266.html

SOURCE

Vizsla Silver Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/December2025/09/c8361.html

%SEDAR: 00045314E

For further information:

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], Website: www.vizslasilvercorp.ca

CO: Vizsla Silver Corp.

CNW 08:01e 09-DEC-25