VIZSLA SILVER APPOINTS LUIS LÁZARO AS PRESIDENT, MEXICO

Vizsla Silver (TSX/NYSE: VZLA) appointed Luis Lázaro as President, Mexico, effective immediately, to lead in-country operations and advance the 100%-owned Panuco silver-gold project in Sinaloa through permitting, construction and potential production.

Rhea-AI Summary

Vizsla Silver (TSX/NYSE: VZLA) appointed Luis Lázaro as President, Mexico, effective immediately, to lead in-country operations and advance the 100%-owned Panuco silver-gold project in Sinaloa through permitting, construction and potential production. He reports to the CEO and is expected to support the targeted first silver production in H2 2027.

Lázaro brings 30 years of leadership experience, including CEO of Citrofrut and roles at Grupo PINSA and CEMEX. Vizsla Silver also expanded Vice President of Exploration Guillermo Hernandez’s responsibilities following the resignation of Chief Geologist Jesus Velador, effective August 27, 2026. A November 2025 Feasibility Study for Panuco outlines 17.4 Moz AgEq annual production over 9.4 years, after-tax NPV(5%) of US$1.8B, 111% IRR and a 7-month payback at US$35.50/oz silver and US$3,100/oz gold.

Positive

• Appointment of President, Mexico to lead Panuco permitting, construction and potential production, aligned with targeted first silver output in H2 2027
• Panuco Feasibility Study outlines 17.4 Moz AgEq annual production over 9.4-year mine life
• After-tax NPV (5%) of US$1.8B, 111% IRR and 7-month payback for Panuco at specified metal prices

Negative

• Resignation of Chief Geologist Jesus Velador, effective August 27, 2026, requiring transition of geological responsibilities

Argus Aug 5 session 10 alerts

+5.59% close to close 1.1x rel. volume Open Argus

Details

Market reaction after Mexico leadership change: VZLA +5.59% in the Aug 5 session

+2.9% Peak in 2 hr 25 min

$1.23B Market Cap

In the Aug 5 session, VZLA gained 5.59%, reflecting a notable positive market reaction. Argus tracked a peak move of +2.9% during that session. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +5.6% in the session following this news. Historical event 1061952 produced a 10.39%...

Analysis

The stock moved +5.6% in the session following this news. Historical event 1061952 produced a 10.39% 24-hour reaction. The appointment adds Mexico operating leadership during Panuco development.

Key Figures

Appointment effective: Immediately First silver production timeline: H2 2027 Leadership experience: 30 years +5 more

Appointment effective

Immediately

President, Mexico appointment

First silver production timeline

H2 2027

Targeted timeline for Panuco

Leadership experience

30 years

Luis Lázaro leadership and operational experience in Mexico

Chief Geologist resignation effective

August 27, 2026

Jesus Velador resignation

Annual production

17.4 Moz AgEq

November 2025 Feasibility Study

Initial mine life

9.4 years

November 2025 Feasibility Study

After-tax NPV

US$1.8B

NPV at 5% in November 2025 Feasibility Study

IRR

111%

November 2025 Feasibility Study

Historical Context

5 past events · Latest: Jun 16

5 events

1. Jun 16

   Equipment supply agreement

   24h Move

   +1.1%

   Equipment agreement supported planned Phase 1 processing and future Panuco expansion.

2. May 26

   Working capital facility

   24h Move

   +10.4%

   Five-year Mexican government-backed facility supported Panuco operating and working capital needs.

3. May 21

   Exploration leadership appointments

   24h Move

   -0.3%

   Hernandez joined as exploration vice president and Velador became chief geologist.

4. May 19

   Technical leadership appointment

   24h Move

   -4.7%

   D'Antonio joined as technical services leader as Panuco advanced toward potential production.

5. May 14

   Government relations appointment

   24h Move

   -2.3%

   Former Mexican government mining official joined to lead permitting and regulatory affairs.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

ni 43-101, qualified person, after-tax npv, irr

4 terms

ni 43-101 regulatory

"National Instrument 43-101 – Standards of Disclosure for Mineral Projects"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

qualified person regulatory

"a "Qualified Person" as defined in National Instrument 43-101"

A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.

after-tax npv financial

"an after-tax NPV (5%) of US$1.8B"

After-tax NPV is the calculation that converts a series of future cash flows into a single present-day value after subtracting the taxes those cash flows will incur. It tells investors whether an investment or project is expected to add value once taxes and the time value of money are taken into account—like comparing the worth today of several future paychecks after the taxman takes his cut. This helps compare options on a common basis and decide which opportunities are likely to increase shareholder value.

irr financial

"a 111% IRR"

IRR (Internal Rate of Return) is the annualized percentage return an investment is expected to produce based on its projected series of cash outflows and inflows; mathematically, it’s the rate that makes the present value of those cash flows balance to zero. Investors use IRR to compare and rank projects or investments—similar to comparing the interest rates on savings accounts—to judge which offers the best return for the time and risk involved.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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VANCOUVER, BC, Aug. 5, 2026 /PRNewswire/ -- Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G31) ("Vizsla Silver" or the "Company") is pleased to announce the appointment of Luis Lázaro as President, Mexico for Vizsla Silver, effective immediately.

As President, Mexico, Mr. 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 the Company's CEO, he will work closely 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 H2 2027.

"Luis is a highly accomplished executive with a proven track record of leading complex operations and building strong companies in Mexico," stated Michael Konnert, President and CEO. "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."

Mr. 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, Mr. 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. Mr. 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.

Additional Management Update

The Company also announces 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 Mr. 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."

Qualified Person

The scientific and technical information contained in this news release has been 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.

About Vizsla Silver

Vizsla Silver (TSX: VZLA | NYSE: VZLA) is a Canadian development company advancing Panuco, its 100%-owned silver-gold project in Sinaloa, Mexico. The November 2025 Feasibility Study outlines 17.4 Moz AgEq annual production over an initial 9.4-year mine life, an after-tax NPV (5%) of US$1.8B, a 111% IRR, and a 7-month payback at US$35.50/oz silver and US$3,100/oz gold. Vizsla Silver is concurrently advancing mine development and district-scale exploration with the objective of becoming a leading primary silver producer.

ON BEHALF OF THE COMPANY

Michael Konnert,
President and Chief Executive Officer

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

Forward-looking statements in this release include, but are not limited to, statements regarding: Mr. Lázaro's expected role and contribution to the Company; the Company's objectives and milestones; the advancement of the Panuco Project through permitting, potential construction and potential production; the Company's targeted timeline for first silver production; and the Company's long-term growth strategy, including its ability to enhance shareholder value through project development and operational execution.

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: 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 development and construction 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 as proposed in this news release or at all 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-appoints-luis-lazaro-as-president-mexico-302843448.html

SOURCE Vizsla Silver Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Vizsla Silver (VZLA) announce on August 5, 2026?

Vizsla Silver announced the appointment of Luis Lázaro as President, Mexico, and a geological management change. According to Vizsla Silver, Lázaro will lead in-country operations at the Panuco project, while Vice President of Exploration Guillermo Hernandez assumes expanded geological responsibilities following Chief Geologist Jesus Velador’s resignation.

Who is Luis Lázaro and what is his new role at Vizsla Silver (VZLA)?

Luis Lázaro is an executive with 30 years of leadership and operational experience in Mexico. According to Vizsla Silver, he becomes President, Mexico, responsible for leading in-country operations, advancing the Panuco project through permitting, construction and potential production, and working with leadership to build high-performing teams and stakeholder relationships.

When does Vizsla Silver (VZLA) target first silver production at the Panuco project?

Vizsla Silver targets first silver production at Panuco in H2 2027, subject to project advancement. According to Vizsla Silver, President, Mexico, Luis Lázaro, will oversee in-country operations as the company moves from project development toward construction and potential production on this targeted timeline.

What are the key Feasibility Study metrics for Vizsla Silver’s Panuco project (VZLA)?

The November 2025 Feasibility Study outlines 17.4 Moz AgEq annual production over 9.4 years at Panuco. According to Vizsla Silver, the study shows an after-tax NPV (5%) of US$1.8B, a 111% IRR, and a 7-month payback at US$35.50/oz silver and US$3,100/oz gold.

What geological management changes did Vizsla Silver (VZLA) announce with this update?

Vizsla Silver announced that Vice President of Exploration Guillermo Hernandez will take on expanded geological responsibilities. According to Vizsla Silver, this follows the resignation of Chief Geologist Jesus Velador, effective August 27, 2026, who reviewed and approved the scientific and technical information in the release.

How might the appointment of a President, Mexico impact Vizsla Silver’s Panuco project (VZLA)?

The appointment centralizes leadership of in-country operations under President, Mexico, Luis Lázaro. According to Vizsla Silver, he will oversee permitting, construction and potential production, and work with the executive team to ensure operational excellence as the company advances toward its targeted first silver production timeline.