– 2,093 G/T AGEQ OVER 10.20 METRES –

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) is pleased to report results from nine new drill holes targeting the Tajitos – Copala resource area at its 100%-owned, flagship Panuco silver-gold project located in Mexico. The results are exclusively from the Copala structure located in the western portion of the district and expand the high-grade mineralized footprint to the north of the March 2022 mineral resource estimate by approximately 100 metres.

Highlights

• CS-22-193 returned 2,093 grams per tonne silver equivalent (AgEq) over 10.20 metres true width (1,404 g/t silver and 10.94 g/t gold)
  • Including 36,195 g/t AgEq over 0.38 mTW (23,058 g/t silver and 205.00 g/t gold)
  • And, 2,233 g/t AgEq over 0.91 mTW (1,550 g/t silver and 11.00 g/t gold)
  • And, 2,742 g/t AgEq over 0.53 mTW (2,090 g/t silver and 11.10 g/t gold)
• CS-22-192 returned 877 g/t AgEq over 7.31 mTW (743 g/t silver and 2.59 g/t gold)
  • Including 971 g/t AgEq over 0.93 mTW (739 g/t silver and 3.94 g/t gold)
  • And, 3,930 g/t AgEq over 1.01 mTW (3,560 g/t silver and 8.60 g/t gold)
• CS-22-200 returned 879 g/t AgEq over 14.24 mTW (632 g/t silver and 4.30 g/t gold)
  • Including 2,256 g/t AgEq over 0.71 mTW (1,575 g/t silver and 11.00 g/t gold)
  • And, 4,905 g/t AgEq over 1.07 mTW (3,510 g/t silver and 22.80 g/t gold)

“Expansion drilling at Copala continues to increase the known size of this robust near surface vein system with exceptional silver and gold grades,” commented Michael Konnert, President and CEO. “We have now expanded the mineralized footprint well beyond the March 2022 resource boundary and it remains open in all directions. Given its proximity to Tajitos and the recently announced Cristiano discovery, it is becoming increasingly clear that we are building critical mass in this area of the district.”

The Copala Vein is located at the northern extent and on the hangingwall side of the Tajitos structure. Copala is marked by high precious metals grades (up to 11,053 g/t silver and 33.50 g/t gold over 1.26 mTW) hosted within a broader envelope, of vein-breccia interlayered with host rock, up to 82 metres thick. Local mineralized high grade intervals of up to 20.45 mTW returning grades of up to 1,030 g/t AgEq (780 g/t silver and 4.23 g/t gold) have been intercepted in the drilling. Ongoing interpretations by Vizsla’s geologists is defining the variability in Copala’s dip, ranging from shallow (~35° to the east) in its northern sector and steepening (~52° to the east) in the southern sector.

The drilling in the northwestern portion of Copala has traced mineralization along approximately 1,000 metres of strike length and approximately 400 metres down dip. Furthermore, today’s reported intercepts add over 100m strike length to the NNW beyond the March 2022 resource boundary. The high-grade mineralized shoot remains open to the north with potential to continue on the footwall side of the Tajitos vein structure. Ongoing detailed structural and geologic interpretations indicate potential for the mineralization to also continue down dip to the east and along strike to the south.  Drill testing those extensions is the near-term focus for expansion as Vizsla continues to explore the Copala area.

Drilling focused on expanding the Copala resource area continues to highlight the well-developed, high-grade mineral continuity. The intercepts reported here, previously reported Copala intercepts, the Copala 2 vein-splay intercepts, situated between Tajitos and Copala, and the recently reported NW trending Cristiano vein (press releases dated June 21, 2022, May 19, 2022 and September 7, 2022), support the potential to discover additional blind to surface veins in the vicinity.

Table 1: Downhole drill intersections from the holes reported for the new splay vein at the foot wall of Copala.

Table 2: Drillhole details for the reported drillholes. Coordinates in WGS84, Zone 13.

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 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.

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 210,000 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 Copala structure. (CNW Group/Vizsla Silver Corp.)

Figure 2: Inclined longitudinal section for Copala structure with drillhole pierce points. The section is 1x along strike to 1.4x along the dip to compensate for the average 46 degree dip of Copala. (CNW Group/Vizsla Silver Corp.)

Figure 3: Cross section showing Copala, Tajitos and Copala 2 veins. (CNW Group/Vizsla Silver Corp.)