On June 26, 2025, Vizsla Silver Corp. (“Vizsla Silver” or the “Company”) completed its previously announced bought deal public offering of 33,334,000 common shares at US$3.00 per share, raising gross proceeds of US$100,002,000 (approximately C$144,003,000 at the June 20, 2025 exchange rate of 1.4404).

The offering was led by Canaccord Genuity Corp. as sole bookrunner and lead underwriter, with CIBC Capital Markets, National Bank Financial Inc., Ventum Financial Corp., BMO Capital Markets, and Raymond James Ltd. acting as co-underwriters. The Company granted the underwriters a 30-day over-allotment option to purchase up to an additional 5,000,100 shares.

Shares were offered via a prospectus supplement dated June 23, 2025, to the Company’s short form base shelf prospectus dated April 28, 2025, in all Canadian provinces except Quebec, and via a U.S. prospectus supplement under the multijurisdictional disclosure system. The offering remains subject to final approval by the Toronto Stock Exchange.

Proceeds will support the Panuco and Santa Fe projects, potential acquisitions, and general corporate purposes.

Vizsla Silver was advised by Forooghian + Company, Koffman Kalef LLP, and Goodwin Procter LLP. The underwriters were represented by Cassels and Skadden, Arps.