Vancouver, British Columbia (February 12, 2024) – Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt:
0G3) (“Vizsla Silver” or the “Company”) is pleased to announce that, further to its news release dated January
17, 2024, it intends to enter into an arrangement agreement with its wholly-owned subsidiary Vizsla Royalties
Corp. (“Spinco”) within 45 days of this news release in respect of the spinout of the shares of Spinco to the
Company’s shareholders (the “Spinout”). Spinco currently holds, indirectly, a net smelter royalty on any
future mineral production at Vizsla Silver’s flagship, 100% owned Panuco silver-gold project located in Mexico.
The Company further announces that holders of its common shares (the “Vizsla Silver Shares”) will be entitled
to 1/3 of a common share of Spinco and 1/3 of a common share purchase warrant of Spinco for each Vizsla
Silver Share held on the share distribution record date.
Additional details regarding the Spinout, including the share distribution record date, will be disclosed as they
become available.
Shareholders are invited to contact Vizsla Silver via email at info@vizslasilver.ca for additional information
regarding the Spinout.
About the Panuco Project
The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern
Sinaloa, Mexico, near the city of Mazatlán. The 7,189.5 hectare, past producing district benefits from over 86
kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits.
The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous
volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic
rocks correlated to the Tarahumara Formation.
On January 8, 2024, the Company announced an updated mineral resource estimate for Panuco which
includes an estimated in-situ indicated mineral resource of 155.8 Moz AgEq and an in-situ inferred resource
of 169.6 Moz AgEq.
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. To date,
Vizsla Silver has completed over 350,000 metres of drilling at Panuco leading to the discovery of several new
high-grade veins. For 2024, Vizsla Silver is focused on de-risking the resource base located in the western
portion of the district ahead of a development decision. Additionally, Vizsla Silver has budgeted +65,000
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metres of resource/discovery-based drilling designed to upgrade and expand the Project's mineral resource,
as well as test other high priority targets across the district.
In accordance with NI 43-101, Jesus Velador, Ph.D. MMSA QP, Vice President of Exploration, is the Qualified
Person for the Company and has validated and approved the technical and scientific content of this news
release.
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.
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