Vizsla Silver Releases Third Annual Sustainability Report, Reinforces Commitment to Responsible Mining

• Vizsla Silver has released its third annual Sustainability Report, documenting progress across environmental stewardship, social responsibility, and ethical governance pillars at its Panuco silver-gold project in Mexico
• The Company has invested over US$600,000 in local community well-being initiatives over the past three years, with US$205,300 contributed in the most recent reporting period
• Environmental initiatives include voluntary rehabilitation of two legacy tailing storage facilities and cultivation of approximately 5,000 native trees from 19 species for future restoration activities
• The Company's Mexican operations received the ESR distinction (Empresa Socialmente Responsable) for the fourth consecutive year, recognizing ongoing social responsibility efforts
• Vizsla Silver maintains its dual-track development strategy at Panuco, which hosts 222.4 Moz AgEq in measured and indicated resources, while advancing sustainability goals aligned with IFRS Foundation ISSB SASB standards

Vizsla Silver Corp., a Canadian mineral exploration and development company headquartered in Vancouver, has published its third annual Sustainability Report, providing investors and stakeholders with detailed insights into the Company's environmental, social, and governance performance. The Company is focused on advancing its flagship 100%-owned Panuco silver-gold project located in Sinaloa, Mexico, which recently completed a Preliminary Economic Study highlighting 15.2 Moz AgEq of annual production over an initial 10.6-year mine life, an after-tax NPV5% of US$1.1 billion, 86% IRR, and a 9-month payback at US$26/oz silver and US$1,975/oz gold.

The release of this sustainability report comes at a critical juncture for Vizsla Silver as the Company advances its dual-track development approach at Panuco, balancing mine development activities with district-scale exploration. For investors evaluating Vizsla Silver, the Company's demonstrated commitment to sustainable practices and community engagement represents an important component of operational risk management and social license to operate in Mexico's mining sector.

Sustainability Framework & Reporting Standards

Vizsla Silver prepared its 2025 Sustainability Report with reference to the IFRS Foundation International Sustainability Standards Board (ISSB) SASB Metals and Mining Standard. This alignment with internationally recognized reporting frameworks provides investors with standardized metrics for evaluating the Company's ESG performance against industry peers.

The report is structured around three core pillars: environmental stewardship, social responsibility, and ethical governance. This framework enables systematic tracking of sustainability initiatives and allows for year-over-year performance comparisons. The adoption of SASB standards reflects growing investor demand for transparent, comparable ESG disclosure in the mining sector.

According to President and CEO Michael Konnert, the report demonstrates organizational alignment around sustainability objectives.

"Our commitment to sustainability comes from our core values which guide everything we do at Vizsla Silver. This year's report highlights the collective efforts of our team who are all working towards a shared vision of a greener future."

The Company has strengthened its ESG reporting framework and updated ESG goals as part of its governance initiatives. Additionally, Vizsla Silver has initiated the process of updating its Social Impact Assessment, a critical tool for identifying and managing potential social risks associated with mining operations.

Environmental Stewardship Initiatives

Vizsla Silver's environmental programs focus on legacy remediation and biodiversity conservation at the Panuco project site. The Company has maintained voluntary efforts to rehabilitate two aging tailing storage facilities from legacy operations, addressing environmental liabilities from historical mining activities that predate current ownership.

The rehabilitation of legacy tailings facilities represents a proactive approach to environmental risk management. While these facilities are not the Company's responsibility under regulatory frameworks, voluntary remediation demonstrates commitment to environmental stewardship that extends beyond minimum compliance requirements.

In support of future restoration activities, Vizsla Silver has cultivated approximately 5,000 native trees representing 19 different species. This nursery program provides biological resources for eventual site reclamation and demonstrates forward planning for mine closure scenarios. The selection of native species is designed to support ecosystem restoration and maintain regional biodiversity.

Konnert highlighted the Company's forward-looking environmental approach:

"We are incredibly proud of our progress, and our focus remains on driving innovation, reducing our environmental impact, and creating positive change for future generations. We are excited to take steps towards our concept of Regenerative Mining this coming year."

The reference to "Regenerative Mining" suggests Vizsla Silver is exploring approaches that go beyond traditional reclamation to actively improve environmental conditions. While details of this initiative were not provided in the current report, this signals potential differentiation in environmental strategy as the Company advances toward development decisions.

Community Engagement & Social Investment

Social license to operate represents a critical factor for mining companies operating in Mexico, where community relations can significantly impact project timelines and operational continuity. Vizsla Silver has invested over US$600,000 in local community well-being initiatives over the past three years, with US$205,300 contributed during the most recent reporting period.

The Company's community investment strategy includes partnerships with local institutions and direct support for health and wellness programs. A notable initiative is the partnership with the Venados de Mazatlán baseball team, which aims to create positive community impact in Mazatlán through well-being initiatives. This partnership leverages the cultural significance of baseball in the region to build community relationships.

Vizsla Silver has also organized health fairs providing direct services to local populations. These initiatives address immediate community needs while building goodwill in areas surrounding the Panuco project. The sustained investment of over US$600,000 across three years indicates an ongoing commitment rather than episodic engagement.

The Company's Mexican operations, led by Hernando Rueda, received the ESR distinction (Empresa Socialmente Responsable - Social Responsibility Distinction) for the fourth consecutive year. As Konnert noted, "I want to congratulate our team in Mexico, led by Hernando Rueda, for renewing the ESR distinction for the fourth year in a row."

The ESR certification is awarded by the Mexican Center for Philanthropy (CEMEFI) and the Alliance for Corporate Social Responsibility (AliaRSE) to companies demonstrating commitment to social responsibility. The fourth consecutive renewal suggests consistent performance against established social responsibility criteria and provides third-party validation of the Company's community engagement efforts.

Governance & ESG Framework Development

Corporate governance structures provide the foundation for effective ESG program implementation. Vizsla Silver has strengthened its ESG reporting framework and updated ESG goals during the reporting period. These updates reflect evolving best practices in sustainability reporting and potentially incorporate stakeholder feedback from previous reporting cycles.

The Company has initiated an update to its Social Impact Assessment, a comprehensive evaluation of potential social effects associated with mining operations. Social Impact Assessments typically examine impacts on local employment, community infrastructure, cultural heritage, and indigenous rights. Regular updates to these assessments ensure that social management strategies remain aligned with changing community conditions and project development stages.

The strengthening of governance frameworks is particularly relevant as Vizsla Silver advances the Panuco project toward development decisions. Robust ESG governance structures can facilitate permitting processes, access to capital, and stakeholder engagement as the Company progresses from exploration to potential production.

Panuco Project Overview & Development Status

The Panuco silver-gold project represents Vizsla Silver's primary asset and the focal point of its sustainability efforts. The newly consolidated project is located in southern Sinaloa, Mexico, near Mazatlán, and encompasses a 7,189.5-hectare past-producing district with over 86 kilometers of total vein extent and 35 kilometers of underground mines.

On January 6, 2025, Vizsla Silver announced an updated mineral resource estimate for Panuco including an estimated in-situ combined measured and indicated mineral resource of 222.4 Moz AgEq and an in-situ inferred resource of 138.7 Moz AgEq. These resources provide the foundation for the Company's development planning.

The Preliminary Economic Study completed in July 2024 outlined robust project economics with 15.2 Moz AgEq of annual production over an initial 10.6-year mine life, an after-tax NPV5% of US$1.1 billion, 86% internal rate of return, and a 9-month payback period at US$26/oz silver and US$1,975/oz gold. These metrics position Panuco as a potentially high-return development opportunity, though investors should note that no production decision has been made and a feasibility study has not yet been completed.

The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene periods. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara Formation. The geological setting and historical production from the district provide validation of mineralization continuity.

Existing infrastructure including roads, power, and permits provides development advantages that can reduce capital requirements and accelerate development timelines compared to greenfield projects. The 35 kilometers of underground mines from historical operations may provide access for future mining scenarios, though these workings require engineering assessment.

Strategic Positioning & Dual-Track Development Approach

Vizsla Silver has articulated a dual-track development approach at Panuco that combines advancement toward mine development with continued district-scale exploration through low-cost means. This strategy recognizes both the advanced nature of the current resource base and the potential for additional discoveries within the extensive land package.

The Company positions itself as aiming to become a leading silver company, a goal that requires successful navigation from exploration through development and into production. The sustainability initiatives documented in the annual report form part of the foundation for this progression, addressing potential ESG-related risks that could impede development timelines or access to capital.

The integration of sustainability considerations into project advancement reflects industry trends toward ESG integration in mining company valuations. Investors and lenders increasingly incorporate ESG performance into capital allocation decisions, making sustainability program development a strategic imperative rather than solely a compliance exercise.

Investment Considerations

For investors evaluating Vizsla Silver, the third annual Sustainability Report provides insights into non-financial performance factors that can influence project development timelines, capital costs, and operational risks. Several considerations emerge from the report:

The sustained community investment of over US$600,000 across three years and the fourth consecutive ESR distinction suggest established relationships with local stakeholders. These relationships represent important social capital as the Company advances toward potential development decisions that would require expanded community engagement and support.

The voluntary rehabilitation of legacy tailings facilities and cultivation of native trees indicate environmental management practices that extend beyond minimum regulatory requirements. While these activities represent current costs without immediate financial returns, they may facilitate future permitting processes and reduce environmental liabilities.

The alignment with IFRS Foundation ISSB SASB reporting standards enables comparative evaluation against industry peers and provides transparency for ESG-focused investors. The strengthening of the ESG reporting framework and updated goals suggest ongoing refinement of sustainability strategy.

The introduction of the "Regenerative Mining" concept signals potential innovation in environmental approach, though implementation details and associated costs remain to be disclosed. Investors should monitor future reporting for specifics on this initiative and its implications for project economics.

The Company's sustainability efforts occur within the context of project economics outlined in the July 2024 Preliminary Economic Study, which highlighted an after-tax NPV5% of US$1.1 billion and 86% IRR. The integration of sustainability costs into project economics will be further detailed in the pending feasibility study, which represents the next major technical milestone.

It is important to note that no production decision has been made for Panuco at this time. Any decision to proceed to construction or commercial production will only be made following completion of a feasibility study that demonstrates economic and technical viability in accordance with National Instrument 43-101 standards.

Conclusion

Vizsla Silver's third annual Sustainability Report documents measurable progress across environmental, social, and governance dimensions at the Panuco project. For investors evaluating the Company, the report provides evidence of systematic ESG program development that aligns with evolving industry standards and stakeholder expectations. The sustained community investment, environmental stewardship initiatives, and strengthened governance frameworks represent foundational elements of social license to operate in Mexico's mining sector.

As Vizsla Silver advances toward a feasibility study and potential development decision at Panuco, the integration of sustainability considerations into project planning may influence capital requirements, permitting timelines, and operational risk profiles. The Company's demonstrated commitment to ESG principles, validated through third-party recognition including the ESR distinction, positions it to navigate the increasingly complex landscape of mining development where non-financial performance factors play expanding roles in project success.

Investors should continue to monitor the Company's progress on stated ESG goals, implementation of the Regenerative Mining concept, and integration of sustainability costs into updated project economics as the feasibility study advances. The balance between sustainability investment and project returns will be a key consideration as Vizsla Silver works toward positioning itself as a leading silver company through responsible development of the Panuco asset.