Vizsla Silver Corp. announced that it has signed a binding amending agreement with Minera Rio Panuco SA de CV and has executed a binding option exercise notice with Silverstone Resources S. A de CV, which together will constitute the acceleration and exercise of the Company's option to acquire 100% of the Panuco-Copala silver-gold district located in Sinaloa, Mexico. Under the Amending Agreement, Vizsla and Minera Rio Panuco have agreed to amend the terms of the original Panuco option agreement in order to accelerate the Company's exercise of its option on the Panuco property (the "Panuco Property"). Upon closing of the transactions contemplated by the Panuco Amending Agreement, Vizsla will acquire a 100% ownership interest in the Panuco Property (comprising 43 mining concessions with a combined surface area of 3,839 Ha) and the "El Coco" mill (the "Mill") in consideration for: A cash payment of USD 4,250,000 payable to Minera Rio Panuco upon signing of the Amending Agreement; The issuance to Minera Rio Panuco of 6,245,902 common shares of Vizsla priced at CAD 2.44 per share (for a total value of USD 12,000,000) upon the completion of the transfer of the Panuco Property on or before August 10, 2021; and A cash payment of USD 6,100,000 on or before February 1, 2022, following the refurbishment and transfer of ownership of the Mill which is to occur on or before December 31, 2021. The mineral concessions comprising the Panuco Property include the Napoleon vein corridor – which has seen the majority of Vizsla's exploration – and are unencumbered by royalties. Under the Copala Exercise Notice, Vizsla and Silverstone have agreed to amend the terms of the original Copala option agreement in order to accelerate the Company's exercise of its option on the Copala property (the "Copala Property"). A definitive agreement in respect of such amendments is expected to be signed on or before August 3, 2021 . Upon closing of the transactions contemplated by the Copala Amending Agreement, Vizsla will acquire a 100% ownership interest in the Copala Property (comprising 64 mining concessions with a combined surface area of 5,547 Ha) in consideration for: A cash payment of USD9,607,212.50 payable to Silverstone upon the completion of the transfer of the Copala Property on or before August 3, 2021; and The issuance to Silverstone of 5,000,475 common shares of Vizsla priced at CAD 2.44 per share (for a total value of USD 9,607,212.50) upon the completion of the transfer of the Copala Property.