Vizsla Silver drills new vein at Tajitos-Copala – intersects 2,913 g/t AgEq over 1.46 metres

Highlights

• CS-22-182 returned 2,913 grams per tonne (g/t) silver equivalent (AgEq) over 46 metres true width (mTW) (1,935 g/t silver and 15.47 g/t gold)

• CS-22-128 returned 427 g/t AgEq over 2.50 mTW (299 g/t silver and 2.08 g/t gold)
  • Including 1,472 g/t AgEq over 0.46 mTW (995 g/t silver and 7.60 g/t gold)

• CS-22-185A returned 426 g/t AgEq over 1.00 mTW (302 g/t silver and 2.02 g/t gold)

• CS-22-196 returned 426 g/t AgEq over 2.16 mTW (278 g/t silver and 2.33 g/t gold)

“The Cristiano Vein, located to the adjacent southwest of Copala is now a priority target for resource expansion within the Tajitos-Copala resource area,” commented Michael Konnert, President and CEO. “We initially discovered the Cristiano structure while testing the expansion potential of Tajitos. Similar to other proximal veins within the Tajitos-Copala Vein Corridor, Cristiano is predominately silver and gold rich with only trace amounts of base metals. We continue to be encouraged by the high-grade intercepts located in this area of the district, where mineralization remains open in all directions. Cristiano is yet another vein along this very productive corridor with the potential to host new resources.

The Cristiano Vein is a precious metals rich structure located at the southwestern margin of the Copala structure, in the western portion of the Panuco district. Cristiano is marked by a quartz-carbonate epithermal-vein striking N25°W that dips sub-vertical (85°) to the NE. Drill holes intersecting Cristiano to date, highlight a high-grade zone plunging to the NW, with an average vertical extent of 250 metres and approximate strike length of 500 metres. The Cristiano Vein has an estimated true thickness of 1.88 metres with a weighted average grade of 841 g/t silver equivalent.

The Cristiano Vein was initially discovered in while targeting the Tajitos veins, where drilling intercepted the well-mineralized, NW-SE trending fault. Ongoing drilling has now led to new observations and interpretations allowing Vizsla geologists to plan drill holes specifically designed to explore Cristiano along strike and to depth. To the northwest, Cristiano intersects and offsets the Tajitos Vein, suggesting Cristiano post-dates Tajitos mineralization, thus creating a drill target on the footwall of Tajitos (Figure 2). Additionally, open ended intercepts to the southeast suggest mineralization continues in this direction.

Further Informartion is attached

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTSThis news release includes certain “Forward‐Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward‐looking information” under applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: the exploration, development, and production at Panuco, including plans for resource/discovery-based drilling, designed to upgrade, and expand the maiden resource as well as test other high priority targets across the district.

Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Vizsla Silver, future growth potential for Vizsla Silver and its business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold, and other metals; no escalation in the severity of the COVID-19 pandemic; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla Silver’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

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