Increase In Measured And Indicated Mineral Resources at Panuco

VANCOUVER - Vizsla Silver Corp. reported updated mineral resource estimate for its flagship, Panuco silver-gold project located in Sinaloa, Mexico. A 43% increase in combined measured and indicated mineral resources from 155.8 to 222.4 Moz AgEq. Added 46 Moz AgEq in new measured resources and 176 Moz AgEq in new indicated resources. A 9.4% increase in combined measured and indicated grade at Copala (580 g/t to 635 g/t AgEq), and 4.5% increase in global indicated grade (511 g/t to 534 g/t AgEq). There was an 18% decrease in inferred mineral resources from 169.6 to 138.7 Moz AgEq mostly due to conversion to indicated resources, and 4.9% decrease in inferred grade (433 g/t to 412 g/t AgEq).

The Updated Mineral Resource represents less than 10% of the known vein strike of the newly consolidated district. 91% of the value of the Updated Mineral Resource Estimate is comprised of precious metals, including 56% from silver. A total of 11 epithermal veins were included in the Updated Mineral Resource Estimate.

Combined Measured and Indicated Mineral Resources are estimated at 12.96 million tonnes (Mt) grading 307 grams per tonne (g/t) silver, 2.49 g/t gold, 0.27% lead, and 0.85% zinc (222.4 million ounces (Moz) silver equivalent (AgEq) at 534 g/t AgEq). The Updated Mineral Resource Estimate includes measured mineral resources of 28.6 Moz of silver, 214 thousand ounces (koz) of gold, 3.3 kilotonnes (kt) of lead, and 7.9 kt of zinc (46.1 Moz AgEq) and indicated mineral resources of 99.2 Moz of silver, 822 koz of gold, 31.6 kt of lead, and 102.3 kt of zinc (176.3 Moz AgEq).

Inferred Mineral Resources are estimated at 10.5 Mt grading 219 g/t silver, 1.96 g/t gold, 0.30% lead, and 1.01% zinc (412 g/t AgEq). The Updated Mineral Resource Estimate includes inferred mineral resources of 73.6 Moz of silver, 660 koz of gold, 31.2 kt of lead, and 106.2 kt of zinc (138.7 Moz AgEq).

The Updated Mineral Resource Estimate is centred on the western portion of Panuco, encompassing ~8.6 km of the known 86 km of cumulative vein strike in the district. The Updated Mineral Resource Estimate includes 157 new infill/expansion holes (69,754 metres) completed by Vizsla Silver between September 2023 and September 2024. In total, the Updated Mineral Resource Estimate is based on a total drill database of 979 holes (372,685 metres) completed by Vizsla Silver since November 2019.

"We are pleased to announce the fourth significant resource update for the high-grade Panuco silver gold district," said Michael Konnert, President and CEO. "This update comes just four years after the initial discovery was made at Napoleon and represents only a snapshot in time as every vein included in the global project resource remains open for further expansion."