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Vizsla Silver Hosts IN-Depth Technical Overview of Its Recent Feasibility Study and Convertible Offering

Economic Studies

VIZSLA SILVER HOSTS IN-DEPTH TECHNICAL OVERVIEW OF ITS

RECENT FEASIBILITY STUDY AND CONVERTIBLE OFFERING

NYSE: VZLA TSX: VZLA

VANCOUVER, BC, Dec. 2, 2025 /CNW/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE:

VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") has posted a replay of its recent

webinar summarizing the positive results of the independent Feasibility Study ("FS") for

its 100% owned flagship Panuco silver gold project ("Panuco") in Mexico.

"With the completion of our Feasibility Study and this successful convertible notes

offering, we are thrilled to have achieved two major milestones for Vizsla Silver," stated

Michael Konnert, CEO of Vizsla Silver. "The Feasibility Study confirms the strong

technical foundation and economic viability of Panuco, consistent with the results

outlined in our PEA. The new financing replaces the previously announced debt

mandate with Macquarie and provides a flexible structure that positions us to rapidly

advance Panuco with wider growth prospects. We are grateful to our investors for their

continued support as we move Panuco toward a construction decision and the next

phase of value creation."

To watch the Feasibility Study Webinar, please press here.

For more information on the Feasibility Study, please see Vizsla's press release dated

November 12, 2025, here

Qualified Person

In accordance with NI 43-101 – Standards of Disclosure for Mineral Projects, Jesus

Velador, Ph.D. MMSA QP., Vice President of Exploration, is the Qualified Person for the

Company and has reviewed and approved the technical and scientific content of this

news release.

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.

Website: www.vizslasilvercorp.ca

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-hosts-in-depth-technical-overview-of-its-recent-feasibility-study-

and-convertible-offering-302630200.html

SOURCE Vizsla Silver Corp.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/December2025/02/c2071.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]

CO: Vizsla Silver Corp.

CNW 08:00e 02-DEC-25