New Exploration Drilling At Panuco Silver-Gold Project

VANCOUVER - Vizsla Silver Corp. reported new exploration drill results from its ongoing, fully-funded drill program at its 100% owned Panuco silver-gold project located in Sinaloa, Mexico.

Step-out drilling targeting both the northern and southern extensions of the Napoleon Corridor has intersected high-grade silver and gold in multiple closely spaced veins located a respective 600 meters north and 850 meters south of the Napoleon resource area. In total, mineralization has now been intersected along 2.5km of the Napoleon Vein Corridor.

Napoleon North (Papayo Zone) highlights: Josephine Vein (NP-21-170) returned 1,564 grams per tonne (g/t) silver equivalent (AgEq) (825 g/t silver, 7.95 g/t gold, 0.6 % lead and 1.4 % zinc) over 11.4 meters (m) downhole from 231.1 m including, 20,413 g/t AgEq (11,413 g/t silver, 100.5 g/t gold, 3.6 % lead and 9.9 % zinc) over 0.7 m downhole from 234.9 m.

Napoleon Vein (NP-21-170) returned 382 g/t AgEq (104 g/t silver, 1.25 g/t gold, 2.2% lead and 5.0% zinc) over 3.3 m downhole from 163.6 m

Napoleon South (Ojo de Agua Zone) highlights: Hole NP-21-150 returned 401 g/t AgEq (33.6 g/t silver and 3.95 g/t gold) over 2.90 m downhole from 65.25 m; and Hole NP-21-153 returned 697 g/t AgEq (55.1 g/t silver and 6.87 g/t gold) over 1.70 m downhole from 83.55 m.

President and CEO, Michael Konnert, said, "The Napoleon Corridor continues to impress with large 500 meter plus step-outs to both the north and south returning high-grade intercepts.  Today's results, not only demonstrate the potential for very high margin mineralization at Panuco but also, and more importantly, serve to further support our exploration model and targeting strategy as we continue to expand the mineralized footprint at Napoleon."

Both the Napoleon and Josephine veins are hosted within diorite and composed of massive to banded white-grey crystalline quartz with common pyrite, argentite, galena, and sphalerite in well mineralized intervals. Ojo de Agua, towards the southern end of the Napoleon Vein Corridor, was targeted based on (1) an interpreted northwest jog in the vein, (2) elevated surface sampling results up to 2.45 g/t gold and 50.3 g/t silver (235 g/t AgEq), and (3) the potential location where the Napoleon and Tajitos veins intersect. Initial results indicate a 1.0-3.0-meter-wide vein composed of massive to colloform, white-grey, crystalline to chalcedonic quartz with only trace amounts of pyrite, argentite, galena, and sphalerite.  Gold mineralization appears to be associated with the white, almost chalcedonic phase of quartz.  Host rock to the vein at Ojo de Agua is diorite with an andesite tuff unit intersected further east into the hanging wall.

The newly consolidated Panuco silver-gold project is located in southern Sinaloa, Mexico, near the city of Mazatlan. The 9,386.5-hectare, past producing district benefits from over 75 kilometers of total vein extent, a 500 ton per day mill, 35 kilometers of underground mines, tailings facilities, roads, power and permits.