VIZSLA SILVER APPOINTS SENIOR VICE PRESIDENT, TECHNICAL SERVICES

Rhea-AI Summary

Vizsla Silver (NYSE: VZLA, TSX: VZLA) appointed Dave D'Antonio as Senior Vice President, Technical Services, effective immediately, to support advancing the Panuco silver-gold project in Mexico toward production.

The company also granted 3,908,000 stock options at $5.16, 1,849,000 RSUs, and 300,000 DSUs under its equity incentive plan.

AI-generated analysis. Not financial advice.

Positive

• Appointment of SVP Technical Services to lead mine, processing, and infrastructure functions
• New executive brings over 18 years of international underground mining experience
• Technical leadership bolsters plans to advance the Panuco silver-gold project toward production

Negative

• Grants of 3,908,000 options, 1,849,000 RSUs and 300,000 DSUs may dilute shareholders when settled

News Market Reaction – VZLA

-5.41%

1 alert

-5.41% News Effect

On the day this news was published, VZLA declined 5.41%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Industry experience: 18 years Stock options granted: 3,908,000 options Option exercise price: $5.16 +5 more

8 metrics

Industry experience 18 years International mining experience of new Senior VP Technical Services

Stock options granted 3,908,000 options Equity incentives granted under Omnibus Equity Incentive Compensation Plan

Option exercise price $5.16 Exercise price for 3,908,000 newly granted stock options

RSUs granted 1,849,000 RSUs Restricted share units granted to directors, officers, employees and consultants

DSUs granted 300,000 DSUs Deferred share units granted to independent directors

Option term 5 years Exercise period for the newly granted stock options

Option vesting period 2 years Vesting schedule for the granted stock options

RSU vesting schedule 3 annual instalments RSUs vest in three equal annual instalments from first anniversary

Market Reality Check

Price: $3.88 Vol: Volume 5,216,158 is below...

normal vol

$3.88 Last Close

Volume Volume 5,216,158 is below the 6,877,838 20-day average (relative volume 0.76). normal

Technical Shares at 3.42 trade below the 4.23 200-day MA and sit 52.43% under the 7.19 52-week high.

Peers on Argus

VZLA fell 2.29% while peers like USAS (-8.79%), LAC (-5.16%) and IPX (-4.17%) we...

VZLA fell 2.29% while peers like USAS (-8.79%), LAC (-5.16%) and IPX (-4.17%) were also down, but no peers appeared in the momentum scanner, pointing to a stock-specific context for this leadership and equity-compensation news.

Historical Context

5 past events · Latest: May 14 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
May 14	Leadership appointment	Positive	-2.3%	Appointed VP Government Relations to drive permitting for Panuco project.
May 12	Corporate role change	Positive	+3.2%	Change of Corporate Secretary to an executive with broad governance experience.
May 04	Exploration results	Positive	-2.9%	High‑grade silver drill results and funded drilling program at Castle East.
Apr 23	Project development	Positive	-4.6%	Awarded EPCM and mine design contracts to advance Panuco development.
Apr 06	Security incident	Negative	-2.1%	Update confirming multiple fatalities and one missing colleague in Concordia.

Pattern Detected

Recent positive corporate and project updates have often seen negative next-day moves, while clearly negative security-related news aligned with downside.

Recent Company History

Over the past few months, Vizsla Silver has focused on advancing its Panuco silver-gold project while managing serious security challenges in Concordia. Corporate updates have included leadership changes in government relations and corporate governance and awarding EPCM and mine design contracts for Panuco. Several constructive project and leadership announcements on Apr 23 and May 14 were followed by share price declines, while tragic security updates in late January and early April also coincided with negative reactions. Today’s senior technical hire and large equity grants fit into this ongoing buildout of the operating team.

Market Pulse Summary

The stock moved -5.4% in the session following this news. A negative reaction despite the senior tec...

Analysis

The stock moved -5.4% in the session following this news. A negative reaction despite the senior technical hire fits a recent pattern where constructive corporate developments were followed by share price declines, as seen after project and leadership updates in April and May. Investors may be weighing the dilution from 3,908,000 options and 1,849,000 RSUs alongside unresolved security-related risks at Panuco. With the stock already trading well below its 7.19 52-week high, further downside could reflect skepticism about execution or the broader sector downturn.

Key Terms

stock options, restricted share units, deferred share units, long-hole stoping, +4 more

8 terms

stock options financial

"it has granted 3,908,000 stock options ("Options") at an exercise price of $5.16"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

restricted share units financial

"1,849,000 restricted share units (each, an "RSU") and 300,000 deferred share units"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

deferred share units financial

"1,849,000 restricted share units (each, an "RSU") and 300,000 deferred share units"

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

long-hole stoping technical

"transition from open pit to a 1.6 Mtpa long-hole stoping underground operation"

An underground bulk-mining method where long, closely spaced holes are drilled into a vein or ore body and blasted in sequence so broken rock falls to a lower level for collection and removal. Think of it like slicing a loaf and letting the slices drop into a basket: it allows large volumes of ore to be produced efficiently from steep, solid ore bodies. Investors care because the method influences production rate, capital and operating costs, ore dilution and recoveries, and safety risks — all key drivers of a mine’s economics.

Professional Engineer (P.Eng.) technical

"He is a Professional Engineer (P.Eng.) registered in Ontario"

A professional engineer (P.Eng.) is a licensed engineer who has met required education, experience and ethical standards to take legal responsibility for engineering work, including approving designs and safety-critical decisions. For investors, a P.Eng. is like a stamped seal of technical competence and regulatory compliance — their involvement lowers project risk, helps secure permits and contracts, and signals that engineering claims are backed by someone who can be held accountable.

Qualified Person regulatory

"and a Qualified Person as defined by 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.

National Instrument 43-101 regulatory

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

National Instrument 43-101 is a set of rules and guidelines that govern how mineral exploration and mining companies must report information about their projects. It ensures that the details shared with investors are accurate, consistent, and reliable—similar to how a detailed, verified blueprint ensures a building’s safety. This helps investors make informed decisions based on trustworthy information about a company's mineral resources.

Omnibus Equity Incentive Compensation Plan financial

"Pursuant to the Company's Omnibus Equity Incentive Compensation Plan, it has granted"

A omnibus equity incentive compensation plan is a single company program that lets employers grant a variety of stock-based rewards—such as options, restricted shares, or stock units—to employees, directors and consultants. Think of it as a toolbox of ownership-based pay that can be tailored for different roles; it matters to investors because these awards can dilute existing shareholders, affect reported expenses and align employees’ interests with company performance.

AI-generated analysis. Not financial advice.

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NYSE: VZLA   TSX: VZLA

VANCOUVER, BC, May 19, 2026 /PRNewswire/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla Silver" or the "Company") is pleased to announce the appointment of Dave D'Antonio as Senior Vice President of Technical Services for Vizsla Silver, effective immediately. Mr. D'Antonio brings more than 18 years of international mining experience, building and leading high-performance technical teams at large-scale underground gold and base metal operations. His appointment comes at a pivotal time as Vizsla Silver moves to rapidly advance the flagship Panuco silver-gold project in western Mexico toward production.

In this newly created role, Mr. D'Antonio will lead the buildout of the Company's technical services function, encompassing all aspects of mine production, processing, and infrastructure operations. His appointment strengthens the Company's technical leadership and reflects its commitment to assembling the calibre of expertise required to execute on an accelerated development timeline.

"The appointment of Dave marks an important milestone as we advance our Panuco project toward production," stated Michael Konnert, President and CEO. "Dave's track record of building and leading large, high-performing technical teams at world-class operations makes him uniquely suited to help us execute on our development objectives. We look forward to the depth of expertise and leadership he brings to the team."

Mr. D'Antonio most recently served as Head of Mine Technical Services at K92 Mining's Kainantu Mine in Papua New Guinea, where he led a multidisciplinary technical services team of more than 100 professionals responsible for mine planning, production, geology, geotechnical engineering, hydrology, ventilation, and survey across one of the fastest-growing underground gold operations in the world. Prior to K92 Mining, Mr. D'Antonio held senior technical and corporate roles with OceanaGold, including Principal Mining Engineer at the corporate level and Engineering Superintendent at the Didipio Mine in the Philippines, where he played a key role in the successful transition from open pit to a 1.6 Mtpa long-hole stoping underground operation. Mr. D'Antonio holds a Bachelor of Science in Mining Engineering from Queen's University and an Executive MBA from the Rotman School of Management at the University of Toronto. He is a Professional Engineer (P.Eng.) registered in Ontario and a Qualified Person as defined by National Instrument 43-101.

Pursuant to the Company's Omnibus Equity Incentive Compensation Plan, it has granted 3,908,000 stock options ("Options") at an exercise price of $5.16, 1,849,000 restricted share units (each, an "RSU") and 300,000 deferred share units (each, an "DSU") to directors, officers, employees and consultants (the "Optionees") of the Company. The Options are exercisable for a period of five years and will vest over the next two years and the RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date. The DSUs vest immediately and will be exchanged for one common share of the Company upon the time that the Optionee ceases to hold their position as an independent director.

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: the Company's objectives and milestones; the strategic vision for the Company following the proposed development of the Panuco Project and expectations regarding future financial or operating performance following such development; the Company's ability to advance the Panuco Project toward production; and the Company's long-term growth strategy, including its ability to enhance shareholder value through continued exploration success, 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-senior-vice-president-technical-services-302775359.html

SOURCE Vizsla Silver Corp.

FAQ

What leadership change did Vizsla Silver (VZLA) announce on May 19, 2026?

Vizsla Silver appointed Dave D'Antonio as Senior Vice President, Technical Services, effective immediately. According to Vizsla Silver, this new role will lead technical services across mine production, processing, and infrastructure as the Panuco silver-gold project in Mexico advances toward potential production.

What will the Senior Vice President, Technical Services do at Vizsla Silver (VZLA)?

The Senior Vice President, Technical Services will build and lead Vizsla Silver’s technical services function. According to Vizsla Silver, responsibilities cover mine production, processing, and infrastructure operations, supporting an accelerated development timeline for the company’s flagship Panuco silver-gold project in western Mexico.

What relevant experience does Vizsla Silver’s new SVP Technical Services bring?

Dave D'Antonio brings more than 18 years of international mining experience to Vizsla Silver. According to Vizsla Silver, he previously led mine technical services at K92 Mining’s Kainantu Mine and held senior roles at OceanaGold, including corporate Principal Mining Engineer and Engineering Superintendent.

What equity incentives did Vizsla Silver (VZLA) grant in May 2026?

Vizsla Silver granted 3,908,000 stock options at $5.16, 1,849,000 RSUs and 300,000 DSUs. According to Vizsla Silver, options vest over two years and are exercisable for five years, RSUs vest in three annual instalments, and DSUs vest immediately for independent directors.

How might Vizsla Silver’s new technical leadership affect the Panuco project?

The new SVP Technical Services is intended to support advancing Panuco toward production. According to Vizsla Silver, his mandate includes building high-performing technical teams and overseeing mine, processing, and infrastructure operations to help execute an accelerated development plan at the silver-gold project.

When do Vizsla Silver’s May 2026 stock options and RSUs vest?

The stock options vest over the next two years and RSUs in three equal annual instalments. According to Vizsla Silver, the options are exercisable for five years, while DSUs vest immediately and convert to common shares when an independent director leaves the board.