Consolidated Woodjam Copper Corp. (TSXV:WCC) entered into a definitive arrangement to acquire Vizsla Copper Corp. (TSXV:VCU) for CAD 3 million in a reverse merger transaction on September 7, 2022. Under the terms of the arrangement agreement, all of the issued and outstanding WCC Shares will be exchanged for Vizsla Copper Shares on the basis of 0.307206085 Vizsla Copper Shares for each WCC Share (the "Exchange Ratio"). Pursuant to the arrangement, Vizsla Copper expects to issue an aggregate of approximately 43,417,026 Vizsla Copper Shares to WCC shareholders. Upon completion of the arrangement, current WCC shareholders will own approximately 65% of the 66,795,425 issued and outstanding Vizsla Copper Shares. All outstanding stock options of WCC will be exchanged for options of Vizsla Copper and all warrants of WCC will become exercisable to acquire common shares of Vizsla Copper, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio. Vizsla Copper will complete a consolidation of its common shares on the basis of one post-consolidation Vizsla Copper Share for every 3.5 Vizsla Copper Shares issued and outstanding immediately prior to the consolidation. In case of termination, WCC shall pay a termination fee of CAD 0.75 million to Vizsla.

The deal is subject to regulatory approvals, the approval of at least 66 2/3% of the votes cast by the shareholders of WCC, court approvals, approval of the TSX Venture Exchange and the satisfaction of certain other closing conditions customary in transactions of this nature. The transaction has been unanimously approved by the board of directors of each of Vizsla Copper and WCC. The WCC board of directors has agreed to recommend that WCC shareholders vote in favor of the arrangement. On November 17, 2022, Consolidated Woodjam Copper Corp. shareholders approved the transaction. On November 24, 2022, Woodjam has obtained a final order from the Supreme Court of British Columbia approving the acquisition. As of November 24, 2022, the transaction is expected to close in the coming weeks. Vizsla Copper to Webcast Live at VirtualInvestorConferences.com on December 8, 2022, in connection with the closing of the acquisition. The Arrangement is expected to be completed on or about December 13, 2022. Upon completion of the Arrangement, Vizsla Copper will have a total cash balance of approximately CAD 3.5 million, which will be used to fund ongoing exploration work at Vizsla's properties. As of December 8, 2022. Consolidated Woodjam Copper Corp. (TSXV: WCC) (“Woodjam”) is pleased to announce that both Woodjam and Vizsla Copper Corp. (“Vizsla Copper”) have obtained final approval from the TSX Venture Exchange.

Consolidated Woodjam Copper Corp. (TSXV:WCC) completed the acquisition of Vizsla Copper Corp. (TSXV:VCU) for CAD 3.3 million in a reverse merger transaction on December 13, 2022. In connection with the completion of the Arrangement, Vizsla Copper issued 43,432,346 Vizsla Copper Shares to WCC shareholders. As WCC is now a wholly-owned subsidiary of Vizsla Copper, the WCC Shares will be de-listed from the TSX Venture Exchange in the coming days.