Vizsla Silver Announces Receipt of Court Approval and Expected Closing Date for Spin-Off of Vizsla Royalties

NYSE: VZLA TSX-V: VZLA

VANCOUVER, BC, June 19, 2024 /CNW/ – Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (“Silver Vizsla“or the”Business“) is pleased to announce that the Supreme Court of British Columbia issued its final order approving the plan of arrangement (the “Arrangement“) with Vizsla Royalties Corp. (“Spinco“).

Pursuant to the Arrangement, the owners of common shares of Vizsla Silver (the “VZLA shares“) are entitled to receive one new share of VZLA, one-third of one share of Spinco common stock and one-third of one warrant of Spinco common stock for each share of VZLA held immediately prior to the close of the Arrangement Following the Arrangement, Spinco will no longer be a wholly owned subsidiary of Vizsla Silver.

Closing of the arrangement is expected to occur on 00:01 on June 24, 2024being the Effective Date.

About the Panuco project

The new consolidated Panuco The silver-gold project is an emerging high-grade discovery located in the South Sinaloa, Mexico, near the city of Mazatlán. The formerly producing district of 17,856.5 hectares benefits from more than 86 kilometers of total vein extent, 35 kilometers of underground mines, roads, electricity and permits.

The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension of the Oligocene and Miocene. The host rocks are mainly continental volcanic rocks correlated with the Tarahumara Formation.

On January 8, 2024the Company announced an updated mineral resource estimate for Panuco which includes an estimated in situ indicated mineral resource of 155.8 Moz AgEq and an inferred in situ resource of 169.6 Moz AgEq (please refer to our technical report on the updated mineral resource estimate for the Panuco Ag project -Au-Pb-Zn, Sinaloa State, Mexicoby Alan Armitage, Ben Eggers and Peter Mehrfert, dated February 12, 2024 and to our company’s press release dated January 82024).

About the Silver Vizsla

Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, British Columbiafocused on the development of its flagship product, 100% owned Panuco silver-gold project located in Sinaloa, Mexico. To date, Vizsla Silver has completed more than 368,000 meters of drilling Panuco leading to the discovery of several new high-grade veins. For 2024, Vizsla Silver has budgeted +30,000 meters of resource/discovery based drilling, designed to enhance and increase mineral resources, as well as test other high priority targets in the district.

The story continues

In accordance with Regulation 43-101, Jesus Velador, Ph.D. MMSA QP, Vice President of Exploration, is the qualified person of the Company and has validated and approved the technical and scientific content of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOTE REGARDING FORWARD-LOOKING STATEMENTS

The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, without limitation, statements regarding activities, events or developments that the Company expects or anticipates will or may occur in the future, including, without limitation, planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates” , ” forecasts “. , “intends”, “anticipates” or “believes” or the negative connotation thereof or variations of these words and phrases or state that certain actions, events or results “may”, “could”, ” would”, “could” or “will be taken”, “occur” or “be achieved” or its negative connotation. Forward-looking statements contained in this press release include, among other things, statements regarding the timing, structure and completion of the Arrangement, the treatment of the securities of Vizsla Silver and Spinco in connection with the Arrangement and the approvals legal, stock exchange and regulatory for the arrangement.

Forward-looking statements and forward-looking information relating to future mining production, liquidity, increased value and capital markets profile of the Company, the future growth potential of the Company and its businesses, and future Exploration plans are based on management’s reasonable assumptions and estimates. , expectations, analyzes and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management considers relevant and reasonable in the circumstances, but which may turn out 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 public health crises; exploration and development costs; the estimated costs of developing exploration projects; the Company’s ability to operate safely and efficiently and its ability to obtain financing on reasonable terms.

These statements reflect the Company’s current beliefs regarding future events and are necessarily based on a number of other assumptions and estimates which, although considered reasonable by management, are inherently subject to significant business uncertainties and contingencies, economic, competitive, political and social. . Many factors, known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and by the Company. . has made assumptions and estimates based on or relating to many of these factors. These factors include, but are not limited to: the Company’s dependence on a mining project; volatility of precious metal prices; the risks associated with the conduct of the Company’s mining activities in Mexico; regulatory, consent or authorization delays; risks related to dependence on the Company’s management team and external subcontractors; risks relating to mineral resources and reserves; the Company’s inability to obtain insurance covering all risks, on a commercially reasonable basis or at all; currency fluctuations; risks related to the inability to generate sufficient operating cash flows; risks related to project financing and equity issues; risks and unknowns inherent in all mining projects, including inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; disputes over property titles, in particular titles to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and respond to the implications of public health crises; the economic and financial implications of public health crises for Society; operational or technical difficulties related to mining or development activities; employee relations, work disruptions or unavailability; the Company’s interactions with surrounding communities and artisanal miners; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including risks of declines in the quantities or quality of reserves; stock market volatility; conflicts of interest between certain directors and officers; lack of liquidity for the Company’s shareholders; risk of litigation; ongoing military conflicts around the world; general economic factors; and the factors identified under the heading “Risk Factors” in the Company’s MD&A and other public disclosure documents.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in or implied by forward-looking information, there may be other factors that cause results will not be as anticipated, estimated or implied. destined. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Therefore, readers should not place undue reliance on any forward-looking statements or information. The Company undertakes no obligation to update or reissue any forward-looking information as a result of new information or events, except as required by applicable securities laws.

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SOURCE Vizsla Silver Corp.

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