Vizsla Silver

Canaccord Genuity Acted as Lead Underwriter & Sole Bookrunner to Vizsla Silver on its US$100 Million Bought Deal Shelf Prospectus Offering

Canaccord Genuity is pleased to announce that on June 26, 2025, its client, Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (“Vizsla Silver” or the “Company”), successfully closed its “bought deal” shelf prospectus offering consisting of 33,334,000 common shares (the “Common Shares”) at a price of US$3.00 per Common Share (the “Offering Price”), for gross proceeds of US$100,002,000 (the “Offering”).

Canaccord Genuity acted as lead underwriter and sole bookrunner.

Vizsla Silver intends to use the net proceeds of the Offering to advance the exploration, drilling and development of the Company’s Panuco Project, as well as for working capital and general corporate purposes.

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. The Company recently completed a Preliminary Economic Study for Panuco in July 2024 which highlights 15.2 Moz AgEq of annual production over an initial 10.6-year mine life, an after-tax NPV5% of US$1.1B, 86% IRR and a 9-month payback at US$26/oz Ag and US$1,975/oz Au. Vizsla Silver aims to become the world’s leading silver company by implementing a dual track development approach at Panuco, advancing mine development, while continuing district scale exploration through low-cost means.