Vizsla Silver Prepares Spin-Off of Royalty Subsidiary

Vizsla Silver Corp., a dynamic mineral exploration and development company, introduced plans aimed at the spin-off of its subsidiary Vizsla Royalties Corp. (Spinco). In the course of the proposed transaction, shareholders of Vizsla Silver are to receive common shares of Spinco as well as purchase warrants, allowing them indirect participation in a net smelter return for mineral productions of the flagship Panuco project. The aforementioned project, which is 100 percent owned by Vizsla Silver, is located in southern Sinaloa, Mexico, and is becoming a notable venture in the industry due to its potential high-grade silver and gold deposits. For the company, which has already recorded extensive drilling of over 350,000 meters in the area, the Panuco project represents a strategic pillar within its 2024 business year orientation. Looking to the future and the ongoing development of the Panuco project, the spin-off will shortly provide more detailed information regarding the record date for the distribution of shares to shareholders. Shareholders can request deeper insights into the upcoming transaction through the contact channels already provided. Regarding the background of the Mexican Panuco project: The considerable area benefits from an impressive vein extension and is known for its historical production. Mineralogically, the deposits are related to volcanic eruptions and plate tectonic events in geological epochs dating back millions of years. Vizsla Silver's initial announcement to publish an updated resource estimate with significant indicated and inferred mineral resources underscores the importance of the Panuco project for the company and the industry. With this planned spin-off, Vizsla Silver takes a significant step toward value enhancement for its shareholders and positions itself as a leader in the strategic use of royalty income in the resource sector.