Vizsla Silver Appoints Luis Lázaro as President, Mexico Ahead of Targeted Second Half of 2027 Production Start

• Vizsla Silver Corp. appointed Luis Lázaro as President, Mexico, effective immediately.
• Lázaro will lead in-country operations and oversee the advancement of the Panuco silver project through permitting, construction and potential production.
• Lázaro reports to President and Chief Executive Officer Michael Konnert and will work with the executive leadership team on stakeholder relationships and operational execution.
• Lázaro brings 30 years of corporate leadership experience in Mexico, most recently as Chief Executive Officer of Citrofrut, Mexico's largest citrus juice processor.
• Vice President of Exploration Guillermo Hernandez will assume expanded responsibility for the company's geological function following the resignation of Chief Geologist Jesus Velador, effective August 27, 2026.

Company Overview

Vizsla Silver Corp. (TSX:VZLA : NYSE:VZLA) is a Canadian development company advancing Panuco, its 100% owned silver-gold project in Sinaloa, Mexico. The company's November 2025 Feasibility Study outlines 17.4 million ounces of silver equivalent annual production over an initial 9.4-year mine life, an after-tax net present value at a 5% discount rate (NPV5%) of US$1.8 billion, an internal rate of return (IRR) of 111%, and a 7-month payback period at US$35.50 per ounce silver and US$3,100 per ounce gold. Vizsla Silver is concurrently advancing mine development and district-scale exploration at Panuco with the objective of becoming a leading primary silver producer.

Lázaro to Lead In-Country Operations

Vizsla Silver Corp. announced on August 05, 2026 the appointment of Luis Lázaro as President, Mexico. In the role, Lázaro will lead in-country operations and oversee the continued advancement of the company's flagship Panuco silver project through permitting, construction and potential production. Reporting to President and Chief Executive Officer Michael Konnert, he will work with the executive leadership team to develop high-performing teams, strengthen relationships with key stakeholders and ensure operational excellence as the company progresses toward its targeted timeline for first silver production in the second half of 2027.

The appointment comes as the company describes itself as transitioning from project development toward construction, a stage at which in-country operational leadership becomes central to project execution.

Michael Konnert, President and Chief Executive Officer, commented on the appointment:

"Luis is a highly accomplished executive with a proven track record of leading complex operations and building strong companies in Mexico. As we transition from project development toward construction and ultimately production, his appointment adds further depth to our leadership team and strengthens our in-country capabilities. His operational expertise, strategic mindset and ability to build high-performing teams make him exceptionally well suited to lead our in-country operations during this exciting phase of growth."

Lázaro's Operating Background

Lázaro brings 30 years of leadership and operational experience across multinational public companies, entrepreneurial ventures and privately owned businesses in Mexico. Most recently, he served as Chief Executive Officer of Citrofrut, Mexico's largest citrus juice processor, where he led a significant business transformation, repositioning the company's portfolio toward higher-value specialty products while strengthening operational performance and long-term growth.

Prior to Citrofrut, Lázaro held senior leadership positions across a diverse range of industries. He led the fishing division of Grupo PINSA, one of Mexico's leading seafood companies, founded THAES, an entrepreneurial venture focused on sweet sorghum-based ethanol production, and began his career with CEMEX, where he held leadership operations roles.

Lázaro holds a Bachelor of Chemical Engineering from Tecnológico de Monterrey, an MBA from IMD International in Lausanne, Switzerland, and completed the Stanford Executive Program. He also serves as a business mentor through Tecnológico de Monterrey's Enlace+ Program and is an angel investor with Angel Hub in Monterrey, supporting emerging entrepreneurs and innovation in Mexico.

Geological Function Transition

Vizsla Silver Corp. also announced that Guillermo Hernandez, its recently appointed Vice President of Exploration, will assume expanded responsibilities for the company's geological function. This follows the resignation of Jesus Velador as Chief Geologist, effective August 27, 2026:

"On behalf of the board and the entire team, I would like to thank Jesus for his significant contributions to Vizsla Silver throughout his tenure at the Company," stated Konnert. "His technical leadership and deep knowledge of the Panuco project have been instrumental in advancing the project to where it is today, and we wish him every success in his future endeavours."

The scientific and technical information contained in the company's announcement was reviewed and approved by Jesus Velador, Ph.D., P.Geo., Chief Geologist, a Qualified Person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Next Steps

Vizsla Silver Corp. is targeting first silver production at Panuco in the second half of 2027, with the project continuing to advance through permitting, construction and potential production stages under Lázaro's in-country leadership. The company has not made a production decision for Panuco. 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.

The November 2025 Feasibility Study remains the governing economic reference for the project as Panuco advances toward the company's targeted production start.

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