VIZSLA SILVER ISSUES ANNUAL EQUITY GRANT

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Vizsla Silver (NYSE: VZLA) has announced its annual equity compensation grants. The company has issued 4,050,000 stock options at an exercise price of $2.90, 1,450,000 restricted share units (RSUs), and 850,000 deferred share units (DSUs) to its directors, officers, employees, and consultants. The stock options have a five-year exercise period with two-year vesting, while RSUs will vest in three equal annual installments. DSUs vest immediately but can only be exchanged for common shares when independent directors leave their positions. All grants are subject to TSX Venture Exchange and NYSE American approval.

NYSE: VZLA     TSX: VZLA

VANCOUVER, BC, May 1, 2025 /PRNewswire/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla Silver" or the "Company") announces that, pursuant to the Company's Omnibus Equity Incentive Compensation Plan, it has granted 4,050,000 stock options ("Options") at an exercise price of $2.90, 1,450,000 restricted share units (each, an "RSU") and 850,000 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.

The Options, RSUs and DSUs are subject to the approval and policies of the TSX Venture Exchange and the NYSE American.

About Vizsla Silver

Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. The Company recently completed a Preliminary Economic Study for Panuco in July 2024 which highlights 15.2 Moz AgEq of annual production over an initial 10.6-year mine life, an after-tax NPV5% of US$1.1B, 86% IRR and a 9-month payback at US$26/oz Ag and US$1,975/oz Au. Vizsla Silver aims to become the world's leading silver company by implementing a dual track development approach at Panuco, advancing mine development, while continuing district scale exploration through low-cost means.

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SOURCE Vizsla Silver Corp.

FAQ

What equity grants did Vizsla Silver (VZLA) announce in May 2025?

Vizsla Silver announced grants of 4,050,000 stock options at $2.90, 1,450,000 RSUs, and 850,000 DSUs to directors, officers, employees, and consultants.

What is the vesting schedule for VZLA's 2025 stock options and RSUs?

The stock options will vest over two years, while RSUs will vest in three equal annual installments starting from the first anniversary of the grant date.

What is the exercise price and expiration period for Vizsla Silver's 2025 stock options?

The stock options were granted at an exercise price of $2.90 and are exercisable for a period of five years.

How do the DSUs work in Vizsla Silver's 2025 equity grant?

The DSUs vest immediately but can only be exchanged for common shares when the recipient ceases to hold their position as an independent director.