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Vizsla Silver (TSX: VZLA) has initiated a fully funded and permitted test mining and bulk sample program at its 100%-owned Panuco silver-gold project in Sinaloa, Mexico. The program aims to validate geotechnical conditions, reconcile resource models, and build operational experience.

The program includes approximately 1,071 meters of ramp and lateral development, with plans to mine about 10,000 tonnes of high-grade material. The company has awarded contracts to two Mexican contractors: Econsa for earthworks and OMyTC for underground mining operations. The program commenced on November 28, 2024, with bulk earthworks.

Additionally, Vizsla continues exploration with a 10,000-metre discovery-based drill campaign using two rigs in the eastern district, and has contracted Geofisica TMC for a ground HLEM survey. A Feasibility Study is planned for H2 2025, following an updated mineral resource estimate in early Q1 2025.

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.

Vizsla Silver has received conditional approval to graduate from TSX Venture Exchange to the Toronto Stock Exchange (TSX), pending final conditions. The company's common shares will continue trading under symbol VZLA on both TSX and NYSE American. No action is required from shareholders for this transition.

Additionally, under its ATM Program launched September 13, 2024, the company issued 3,900,000 common shares on NYSE American at an average price of US$2.1892, generating gross proceeds of US$8.54 million with commissions of US$256,136.40 paid to agents for the quarter ended October 31, 2024.

Vizsla Silver's Mexican subsidiary, Minera CANAM, has been awarded the Socially Responsible Company Distinction (ESR) for the third consecutive year since 2022. This recognition, Mexico's highest corporate social responsibility award, is jointly presented by CEMEFI and ALIARSE to companies demonstrating exceptional commitment to social and environmental values.

The company has also received the Safe and Healthy Work Environments Distinction (ELSSA) for implementing strategies to enhance worker health, safety, and well-being. Since 2019, Vizsla has focused on responsible mining at the Panuco Project, emphasizing environmental stewardship, operational transparency, community support, and maintaining safe working conditions.

Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) has completed the acquisition of the past-producing La Garra-Metates district in the Panuco – San Dimas corridor. The company will make cash payments totaling US$3,075,000 and issue 5,555,555 common shares at a deemed price of US$1.26 per share over 24 months. 90% of the shares will be subject to voluntary resale restrictions over 36 months. Vizsla Silver has paid US$1,606,500 in back taxes on the concessions and granted the sellers a 1% net smelter returns royalty (NSR), which can be repurchased for US$750,000. Additionally, a 2% NSR was granted to Asteria Mining Services as a finder's fee.

Vizsla Silver Corp. (VZLA) has announced a $65 million bought deal financing through the issuance of 25,000,000 common shares at $2.60 per share. The offering, led by Canaccord Genuity, includes an over-allotment option for an additional 15% of shares, potentially increasing the total gross proceeds to $74,750,000. The company plans to use the net proceeds to advance its Panuco Project, as well as for working capital and general corporate purposes. The offering is expected to close around September 19, 2024, subject to regulatory approvals. The shares will be offered via a prospectus supplement in Canada and the United States, with documents available on SEDAR+ and EDGAR.

Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) has updated its at-the-market equity program (ATM Program) to offer and sell up to US$100 million of common shares. The sales will be made through designated agents on the TSX Venture Exchange and NYSE American. The offering is made pursuant to a prospectus supplement dated September 13, 2024, to the company's base shelf prospectus. Net proceeds will fund ongoing work programs at the Panuco Project, working capital, and general corporate purposes. The ATM Program will be effective until all shares are sold or the base shelf prospectus expires. CEO Michael Konnert stated that having an ATM Program available provides optionality, noting that the company never utilized its previous ATM from April 2021 to March 2023.

Vizsla Silver Corp. (VZLA) has filed a technical report titled 'Panuco Project – NI 43-101 Technical Report and Preliminary Economic Assessment' (PEA) with an effective date of July 24, 2024. The PEA, independently completed by Ausenco Engineering Canada ULC, supported by Entech Mining and SGS Canada Inc., is now available on SEDAR+ and the company's website. This report follows the previously announced PEA results on July 24, 2024, providing a comprehensive economic assessment of the Panuco Project. The filing of this technical report marks a significant milestone for Vizsla Silver, offering investors and stakeholders detailed insights into the project's potential economic viability and future prospects.

Vizsla Silver Corp. (VZLA) has reported exceptional results from infill drilling at the Copala resource area of its Panuco silver-gold project in Mexico. The drilling confirmed high-grade mineral continuity near the surface, where initial mining is expected to occur in the first two years of production. Highlights include:

- CS-24-381A: 6,270 g/t AgEq over 6.25m true width
- CS-24-375: 1,212 g/t AgEq over 14.20m true width
- CS-24-377: 1,083 g/t AgEq over 10.00m true width
- CS-24-380: 2,554 g/t AgEq over 13.30m true width

The company has commenced an additional 5,000+ metre drill program to expand resources and upgrade inferred resources at Copala, expected to be completed in late September.