Investors

Why Invest

Three Reasons to Own Vizsla Silver (VZLA-NYSE)

Fast Track to Production

• Advanced Developer
  ​Feasibility Study in H2 2025, targeting first silver in H2 2027​
• Well-Funded ​
  $100M+ cash + ITM options & warrants(1), zero debt, to carry beyond delivery of Feasibility Study
• De-Risking​
  Ongoing conversion drilling at 25m centers for initial reserve development. Bulk sample test mine and optimized metallurgical testing

Immense Exploration Upside

• Growing Land Package
  Tripled land package in 2024, building a multi-generation pipeline of assets along a frontier silver belt​
• Significant Upside
  Less than 67% of the Panuco property is mapped, and only 30% of the known vein targets have been
• District Wide Geophysics​
  Airborne EM & MAG surveys to cover entire Panuco district for the first time in history​

Significantly Undervalued

• Timing​
  Strong leverage to rising metals prices supported by growing supply deficits
• Silver Premium​
  On a P/NAV and EV/oz basis VZLA trades at a material discount to silver producers⁽³⁾

• Catalyst Rich​
  Vizsla has several potential catalysts over the next 12 months

1. See Slide Titled “Corporate Snapshot” in the appendix
2. To date Vizsla has mapped and sampled approximately 88.5 km of cumulative vein strike at Panuco.
3. Source: S&P Capital IQ, Company reports, and benchmarks from CIBC, RBC, Ventum, Raymond James, Stifel, Canaccord, and H.C. Wainwright