The Board of Directors of Vizsla Silver Corp. (TSXV:VZLA) announced to spin off Vizsla Copper Corp. on April 19, 2021. Common shares of Vizsla Copper will be distributed to shareholders of Vizsla Silver on the basis of one Vizsla Copper share for every three common shares of Vizsla Silver. The record date for the transaction is May 17, 2021. Once the arrangement becomes effective, shareholders will own shares in both public companies. Post-closing, New Vizsla Shares will continue to be traded on the TSXV, the OTC Market and the Frankfurt Stock Exchange. Vizsla Copper Corp. Board will be comprised of Craig Parry, Michael Konnert, Simon Cmrlec, Chris Donaldson and one or more additional directors to be chosen by Vizsla. Executive management of Vizsla Copper Corp. will consist of Chris Donaldson, Chief Executive Officer and Grant Tanaka, Chief Financial Officer.

The transaction is subject to certain conditions including obtaining approvals from shareholders of Vizsla Silver Corp., Supreme Court of British Columbia, completion of private placement, shareholders will not have exercised Dissent Rights with respect to greater than 5% of the outstanding Vizsla shares, TSX Venture Exchange for transaction and listing of shares on stock exchange. The Board of Directors of Vizsla Silver Corp. has unanimously approved the transaction. The meeting of shareholders of Vizsla Silver Corp. is expected to be held on June 15, 2021. As of June 15, 2021, the shareholders of Vizsla Silver Corp. and Supreme Court of British Columbia approved the deal. Vizsla Silver Corp. expects the arrangement to close in July 2021. As of September 14, 2021, the transaction is expected to close on September 20, 2021. Pursuant to the terms of the plan of arrangement, holders of common shares of Vizsla Silver on September 17, 2021 will receive one new common share of Vizsla Silver and 1/3 of a SpinCo share. The existing common shares of Vizsla Silver are expected to be delisted from the TSX Venture Exchange (the "TSXV") on September 17, 2021. Computershare Investor Services Inc. acted as the transfer agent and Koffman Kalef LLP acted as the legal advisor to Vizsla Silver Corp. Farzad Forooghian of Forooghian & Company Law Corporation acted as legal advisor to Vizsla Silver Corp. and Vizsla Copper Corp.

The Board of Directors of Vizsla Silver Corp. (TSXV:VZLA) completed the acquisition of Vizsla Copper Corp. on September 20, 2021.