Vizsla Silver Strengthens ESG Leadership with Third Consecutive Social Responsibility Award, Highlighting Development Progress at Flagship Panuco Project

• Vizsla Silver's Mexican subsidiary, Minera CANAM, received the Socially Responsible Company Distinction (ESR) for the third consecutive year since 2022
• The company also obtained the Safe and Healthy Work Environments Distinction (ELSSA)
• Vizsla operates the Panuco silver-gold project in Sinaloa, Mexico, spanning 17,856.5 hectares
• The project has indicated mineral resources of 155.8 Moz AgEq and inferred resources of 169.6 Moz AgEq
• Recent Preliminary Economic Study shows potential for 15.2 Moz AgEq annual production over 10.6 years with US$1.1B after-tax NPV5%

About Vizsla Silver

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) is a Canadian mineral exploration and development company headquartered in Vancouver, BC. The company's flagship asset is the 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. As a rapidly emerging player in the precious metals sector, Vizsla Silver has positioned itself as a company focused on responsible mining practices while pursuing aggressive development and exploration strategies. The company's dual-track approach combines mine development with district-scale exploration, aiming to become a leading force in the silver mining industry.

Corporate Social Responsibility Achievement

In a significant announcement on October 29, 2024, Vizsla Silver demonstrated its continued commitment to environmental, social, and governance (ESG) principles by securing the prestigious Socially Responsible Company Distinction (ESR) for the third consecutive year. This recognition, awarded to the company's Mexican subsidiary, Minera CANAM, represents Mexico's highest corporate social responsibility acknowledgment, jointly presented by the Mexican Center for Philanthropy (CEMEFI) and the Foundation for Sustainability and Equity (ALIARSE).

The achievement marks a significant milestone in Vizsla's journey since beginning operations at the Panuco Project in 2019. Under the leadership of President & CEO Michael Konnert, the company has maintained a steadfast commitment to responsible mining practices, emphasizing environmental stewardship, operational transparency, and community engagement. The company's approach extends beyond mere compliance, focusing on creating lasting benefits for surrounding Ejidos while maintaining high standards for workplace safety and employee well-being.

Project Overview & Technical Achievements

The Panuco project, Vizsla's flagship asset, represents a substantial precious metals opportunity in southern Sinaloa, Mexico. The property encompasses 17,856.5 hectares of historically productive terrain, featuring extensive infrastructure including 86 kilometers of total vein extent and 35 kilometers of underground mines. The project's geology is characterized by intermediate to low sulfidation epithermal silver and gold deposits, hosted primarily in continental volcanic rocks correlated to the Tarahumara Formation.

Recent technical achievements have further enhanced the project's value proposition. The January 2024 mineral resource update revealed impressive numbers, with indicated resources of 155.8 Moz AgEq and inferred resources of 169.6 Moz AgEq. These figures underscore the substantial scale of the mineralization present at Panuco and highlight the effectiveness of Vizsla's exploration program.

Operational Excellence & Safety Standards

Complementing its ESR distinction, Vizsla also received the Safe and Healthy Work Environments Distinction (ELSSA), highlighting the company's commitment to workplace safety and employee well-being. This voluntary certification recognizes the implementation of comprehensive strategies aimed at improving worker health, safety, and productivity. The achievement reflects the successful collaboration between the company's health and safety department and all levels of management, from site operations to the board of directors.

The Investment Thesis for Vizsla Silver

• ESG Leadership: Three consecutive years of ESR distinction and ELSSA certification demonstrate industry-leading commitment to sustainable mining practices and strong social license to operate.
• Robust Economics: July 2024 PEA highlights exceptional returns with US$1.1B after-tax NPV5%, 86% IRR, and quick 9-month payback period, indicating strong project fundamentals.
• Significant Scale: Annual production potential of 15.2 Moz AgEq over 10.6-year mine life, supported by substantial resource base (155.8 Moz AgEq indicated and 169.6 Moz AgEq inferred).
• Dual-Track Strategy: Balanced approach combining mine development with district-scale exploration provides investors exposure to both near-term production and discovery potential.
• Strategic Location: Situated in mining-friendly Sinaloa, Mexico, with extensive existing infrastructure including 86 km of total vein extent and 35 km of underground mines.
• De-Risked Development: Established infrastructure, including roads, power, and permits, reduces capital requirements and potential development timeline risks.
• Exploration Potential: Large 17,856.5-hectare land package with known mineralization system offers significant opportunities for resource expansion.
• Management Execution: Demonstrated ability to advance project rapidly while maintaining high ESG standards and achieving key technical milestones.

The latest announcements from Vizsla Silver reinforce the company's position as an emerging leader in responsible silver mining development. The combination of strong ESG credentials, robust project economics, and significant exploration potential creates a compelling investment narrative. The company's success in maintaining high standards of corporate social responsibility while advancing the technical aspects of the Panuco project demonstrates a well-balanced approach to mining development. As Vizsla continues to execute its dual-track strategy, the company appears well-positioned to deliver value to both stakeholders and investors while maintaining its commitment to sustainable mining practices.