VIZSLA SILVER RECEIVES FINAL APPROVAL TO GRADUATE TO THE TORONTO STOCK EXCHANGE

Rhea-AI Summary

Vizsla Silver (VZLA) has received final approval to graduate from the TSX Venture Exchange to the Toronto Stock Exchange. Trading on TSX will begin November 7, 2024, under the symbol 'VZLA', while delisting from TSXV occurs November 6, 2024. The company will maintain its NYSE American listing. The uplisting represents a growth milestone that is expected to increase market visibility and broaden investor exposure. Vizsla's Panuco silver-gold project recently completed a Preliminary Economic Study showing 15.2 Moz AgEq annual production over 10.6 years, with after-tax NPV5% of US$1.1B and 86% IRR.

Positive

• Graduation to TSX from TSXV indicates company growth and may attract institutional investors
• Panuco project PEA shows strong economics with US$1.1B NPV and 86% IRR
• Projected 15.2 Moz AgEq annual production over 10.6-year mine life
• 9-month payback period at US$26/oz Ag and US$1,975/oz Au

Negative

• None.

News Market Reaction – VZLA

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In the trading session that priced this news, VZLA declined 2.00%, reflecting a moderate negative market reaction.

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VANCOUVER, BC, Nov. 5, 2024 /PRNewswire/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla Silver" or the "Company") is pleased announce that it has received final listing approval from the Toronto Stock Exchange (the "TSX") to graduate from the TSX Venture Exchange (the "TSXV"). The common shares of the Company (the "Common Shares") will begin trading on the TSX effective at the market open on November 7, 2024, under the symbol "VZLA".

In conjunction with the graduation to the TSX, the Common Shares will be voluntarily delisted from, and will no longer trade on the TSXV, effective at the market close on November 6, 2024.

The Common Shares will continue to trade on the NYSE American under the symbol "VZLA".

"Uplisting to the TSX represents another significant growth milestone for Vizsla Silver and its shareholders," commented Michael Konnert, President & CEO. "As the TSX is Canada's premier stock exchange, we expect the higher profile listing will increase market visibility and provide exposure to a broader range of investors."

Shareholders will not be required to take any action in connection with the graduation and listing on the TSX. There will be no change in the Company's CUSIP.

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.

Contact Information: For more information and to sign-up to the mailing list, please contact: Michael Konnert, President and Chief Executive Officer, Tel: (604) 364-2215, Email: info@vizslasilver.ca, Website: www.vizslasilvercorp.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release includes certain "Forward‐Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward‐looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: the date of commencement of trading on the TSX and other statements that are not historical facts.

Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Vizsla Silver, future growth potential for Vizsla Silver and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold, and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla Silver's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect Vizsla Silver's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or forward-looking information and Vizsla Silver has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities in Mexico; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in Vizsla Silver's management discussion and analysis. Readers are cautioned against attributing undue certainty to forward‐looking statements or forward-looking information. Although Vizsla Silver has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Vizsla Silver does not intend, and does not assume any obligation, to update these forward‐looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

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SOURCE Vizsla Silver Corp.

FAQ

When will Vizsla Silver (VZLA) start trading on the Toronto Stock Exchange?

Vizsla Silver (VZLA) will begin trading on the Toronto Stock Exchange on November 7, 2024.

What is the annual production projected for Vizsla Silver's (VZLA) Panuco project?

The Panuco project is projected to produce 15.2 Moz AgEq annually over a 10.6-year mine life.

What is the after-tax NPV and IRR of Vizsla Silver's (VZLA) Panuco project?

The Panuco project has an after-tax NPV5% of US$1.1B and an IRR of 86%.

When will Vizsla Silver (VZLA) be delisted from the TSX Venture Exchange?

Vizsla Silver will be delisted from the TSX Venture Exchange at market close on November 6, 2024.