Vizsla Silver Corp. announced that it has entered into an agreement to acquire the past-producing La Garra-Metates district (the La Garra-Metates District or La Garra) situated in the heart of the silver-gold-rich Panuco - San Dimas corridor. Reconnaissance work conducted by Vizsla Silver's geologists shows the presence of at least two vein systems with respective strike lengths of 2.6 km and 1.8 km carrying significant silver and gold grades.

Highlights: Large property package at 16,962 Ha (more than 2x the area of the Company's Panuco project (the Panuco Project)). While this district has seen past production dating back centuries, the La Garra-Metates District has seen minimal exploration and no drilling. Vizsla Silver's sampling demonstrated multi-kilo silver equivalent grades over several kilometers of strike.

Epithermal vein systems trending N-NNW in a geological setting akin that of the Panuco Project and First Majestics Silver Corp.'s San Dimas project (San Dimas). Potential for high-grade shoots along-strike and at depth on two known vein systems with estimated strike length of 2.6 km and 1.8 km, respectively. Significant potential to discover new veins given the underexplored nature of the district.

The La Garra-Metates District has been acquired for less than 3% of Vizsla Silver's market capitalization. About the La Garra-Metates District: The La Garra-Metates District is located 108 kilometres northeast of the City of Mazatlan, in the Municipality of Mazatlan, Sinaloa, Mexico and approximately 32 km north-northwest of the Panuco Project and 32 km south-southwest of San Dimas in the Mazatlán municipality. The La Garra-Metates District comprises of 16 claims (15 titled mining concessions and one application) covering 16,962 Ha in the heart of the emerging silver- gold-rich Panuco - San Dimas corridor.

The area has been held on private hands for the last ~60 years and has remained unknown to most public exploration and mining companies, hence, the area has seen very little mining and prospecting activities over the decades, and more importantly, it has never been drilled. The La Garra-Metates District area contains N-NNW-trending silver-gold-rich veins in a geological setting akin that of the Panuco Project and San Dimas. Epithermal veins dipping at steep and shallow angles to the east are hosted by andesites and felsic volcanic lavas and tuffs of the Lower Volcanic Series (LVS) like at the Panuco Project and San Dimas.

Two main vein systems are known to date: the N-S trending La Garra with ~2.6 km of known strike length and the NW trending Cerro Verde - Las Playas vein system with ~1.8 km of strike length. In December 2023, Vizsla Silver conducted a five-day site visit and collected 37 samples on vein outcrops and underground pillars on La Garra and Cerro Verde - Las Playas vein systems: fourteen rock-chip samples collected across veins ranging from 0.30 to 2.50 metres reported silver equivalent grades (AgEq) greater than 200 g/t (2.22 to 12.30 g/t Au and 22 to 1,156 g/t Ag). Base metals were detected in low concentrations <1.0% and deleterious elements such as Sb and As were detected also in low concentrations <110 ppm.

All the primary samples and quality controls (standards, blanks, and duplicates) were analyzed at SGS Lab facility in Durango Mexico. Because of its favourable location in the emerging Panuco - San Dimas silver-gold-rich corridor, its geologic setting, vein orientation and observed high-grades, Vizsla Silver's geologists are confident that the La Garra-Metates District has good potential for discovery of high-grade shoots along- strike and at depth on the La Garra and Cerro Verde - Las Playas vein systems. Historic mining occurred in the upper 200 metres from surface at most, whereas shoots in the region can have vertical extensions of up to ~550 metres. Additionally, because the area has seen so little exploration and prospecting (La Garra and Cerro Verde - Las Playas occur in an area representing ~15% of the property), it is very likely that many other veins and prospects remain to be re- discovered through mapping.

Vizsla Silver plans to take advantage of its experienced team in Mexico to fast track permitting and exploration of the La Garra-Metates District.