Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) is pleased to report results from 14 new drill holes centered on the Cristiano Vein within the Tajitos – Copala resource area at its 100%-owned, flagship Panuco silver-gold project located in Mexico. The new drill results support a NW-plunging high-grade zone with an average vertical extent of 250 metres and approximate strike length of 500 metres.

Highlights

• CS-22-182 returned 2,913 grams per tonne silver equivalent over 1.46 metres true width (1,935 g/t silver and 15.47 g/t gold)
• CS-22-128 returned 427 g/t AgEq over 2.50 mTW (299 g/t silver and 2.08 g/t gold)
  • Including 1,472 g/t AgEq over 0.46 mTW (995 g/t silver and 7.60 g/t gold)
• CS-22-185A returned 426 g/t AgEq over 1.00 mTW (302 g/t silver and 2.02 g/t gold)
• CS-22-196 returned 426 g/t AgEq over 2.16 mTW (278 g/t silver and 2.33 g/t gold)

“The Cristiano Vein, located to the adjacent southwest of Copala is now a priority target for resource expansion within the Tajitos-Copala resource area,” commented Michael Konnert, President and CEO. “We initially discovered the Cristiano structure while testing the expansion potential of Tajitos. Similar to other proximal veins within the Tajitos-Copala Vein Corridor, Cristiano is predominately silver and gold rich with only trace amounts of base metals. We continue to be encouraged by the high-grade intercepts located in this area of the district, where mineralization remains open in all directions. Cristiano is yet another vein along this very productive corridor with the potential to host new resources.

The Cristiano Vein is a precious metals rich structure located at the southwestern margin of the Copala structure, in the western portion of the Panuco district. Cristiano is marked by a quartz-carbonate epithermal-vein striking N25°W that dips sub-vertical (85°) to the NE. Drill holes intersecting Cristiano to date, highlight a high-grade zone plunging to the NW, with an average vertical extent of 250 metres and approximate strike length of 500 metres. The Cristiano Vein has an estimated true thickness of 1.88 metres with a weighted average grade of 841 g/t silver equivalent.

The Cristiano Vein was initially discovered in while targeting the Tajitos veins, where drilling intercepted the well-mineralized, NW-SE trending fault. Ongoing drilling has now led to new observations and interpretations allowing Vizsla geologists to plan drill holes specifically designed to explore Cristiano along strike and to depth. To the northwest, Cristiano intersects and offsets the Tajitos Vein, suggesting Cristiano post-dates Tajitos mineralization, thus creating a drill target on the footwall of Tajitos (Figure 2). Additionally, open ended intercepts to the southeast suggest mineralization continues in this direction.

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 6,761-hectare, past producing district benefits from over 75 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.

The Panuco Project hosts an estimated in-situ indicated mineral resource of 61.1 Moz AgEq and an in-situ inferred resource of 45.6 Moz AgEq The Technical Report, titled “National Instrument 43-101 Technical Report for the Panuco Project Mineral Resource Estimate Concordia, Sinaloa, Mexico” was filed on SEDAR on April 7, 2022, has an effective date of March 1, 2022 and was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) by Tim Maunula, P.Geo., Principal Geologist, T. Maunula & Associates Consulting Inc and Kevin Murray, P.Eng, Manager Process Engineering, Ausenco.

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 has completed over 140,000 metres of drilling at Panuco leading to the discovery of several new high-grade veins. For 2022, Vizsla has budgeted +120,000 metres of resource/discovery-based drilling designed to upgrade and expand the maiden resource, as well as test other high priority targets across the district.

Quality Assurance / Quality Control

Drill core and rock samples were shipped to ALS Limited in Zacatecas, Zacatecas, Mexico and in North Vancouver, Canada for sample preparation and for analysis at the ALS laboratory in North Vancouver.  The ALS Zacatecas and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Silver and base metals were analyzed using a four-acid digestion with an ICP finish and gold was assayed by 30-gram fire assay with atomic absorption (“AA”) spectroscopy finish. Over limit analyses for silver, lead and zinc were re-assayed using an ore-grade four-acid digestion with AA finish.

Control samples comprising certified reference samples, duplicates and blank samples were systematically inserted into the sample stream and analyzed as part of the Company’s quality assurance / quality control protocol.

Qualified Person

In accordance with NI 43-101, Martin Dupuis, P.Geo., COO, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.

Figure 1: Plan map of recent drilling centered on the Cristiano vein (CNW Group/Vizsla Silver Corp.)

Figure 2: Longitudinal section of Cristiano vein with drill-hole pierce points (CNW Group/Vizsla Silver Corp.)

Figure 3: Cross section showing Cristiano and Copala veins (CNW Group/Vizsla Silver Corp.)