. . . Vizsla Royalties Closes First Tranche of Private Placement Raising Gross Proceeds of $5M July 29, 2024 3:15 PM EDT | Source: Vizsla Royalties Corp. Vancouver, British Columbia--(Newsfile Corp. - July 29, 2024) - Vizsla Royalties Corp. ("Vizsla Royalties" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced nonbrokered private placement (the "Offering") for gross proceeds of C$4,967,498. A total of 82,791,636 common shares of the Company (each, a "Sh ...

Vizsla Silver Corp. (VZLA) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as ...

All securities issued for the Shares for Debt Transaction will be subject to a statutory hold period expiring on November 19, 2024. The Shares for Debt Transaction constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, ...

STATEMENT OF EXECUTIVE COMPENSATION FOR THE YEAR-ENDED APRIL 30, 2023 Table of Contents | COMPENSATION DISCUSSION AND ANALYSIS | 1 | | --- | --- | | Compensation Governance | 1 | | Executive Compensation Philosophy & Objectives | 1 | | EXECUTIVE COMPENSATION | 3 | | Elements of Executive Compensation Program | 3 | | Base Salary | 3 | | Performance Bonuses | 4 | | Long-Term Incentives | 4 | | Long-Term Incentive Grants in Fiscal Year Ended April 30, 2023 | 8 | | Performance Graph | 9 | | Summary Compensation ...

[Material Change Report Overview](index=1&type=section&id=Material%20Change%20Report%20Overview) This section provides an overview of Vizsla Silver Corp.'s material change report, including company details, the date of the material change, and news release dissemination [Company Information](index=1&type=section&id=Item%201%20Name%20and%20Address%20of%20Company) Vizsla Silver Corp. (the "Company" or "Vizsla") is the entity filing this material change report, with its address located in Vancouver, British Columbia - Company Name: **Vizsla Silver Corp.**[2](index=2&type=chunk) - Address: **Suite 700, 1090 West Georgia Street, Vancouver, British Columbia V6E 3V7**[2](index=2&type=chunk) [Date of Material Change](index=1&type=section&id=Item%202%20Date%20of%20Material%20Change) The material change reported by Vizsla Silver Corp. occurred on January 24, 2023 - Date of Material Change: **January 24, 2023**[2](index=2&type=chunk) [News Release Dissemination](index=1&type=section&id=Item%203%20News%20Release) The news release detailing the material change was disseminated on January 24, 2023, through Cision and subsequently filed on SEDAR - News release disseminated on **January 24, 2023**[2](index=2&type=chunk) - Dissemination channels: **Cision and SEDAR**[2](index=2&type=chunk) [Updated Mineral Resource Estimate for Panuco Project](index=1&type=section&id=Updated%20Mineral%20Resource%20Estimate%20for%20Panuco%20Project) This section details the updated mineral resource estimate for the Panuco Project, highlighting significant resource growth, key statistics, and future exploration plans [Summary and Full Description of Material Change](index=1&type=section&id=Item%204%20Summary%20of%20Material%20Change) Vizsla Silver Corp. announced an updated mineral resource estimate for its 100% owned Panuco silver-gold project in Sinaloa, Mexico, which was completed by SGS Geological Services - The Company announced an updated mineral resource estimate for its flagship, **100% owned Panuco silver-gold project**[3](index=3&type=chunk) - Project location: **Sinaloa, Mexico**[3](index=3&type=chunk) - The estimate was completed by **Allan Armitage, Ph.D., P.Geo., of SGS Geological Services**[3](index=3&type=chunk) [Highlights of Updated Mineral Resource Estimate](index=1&type=section&id=Highlights%20of%20the%20Updated%20Mineral%20Resource%20Estimate) The updated mineral resource estimate for the Panuco project shows significant increases in both indicated and inferred mineral resources and grades compared to the maiden estimate, with notable growth in the Copala structure Key Changes in Mineral Resources (March 2022 vs. January 2023) | Metric | Maiden Estimate (March 2022) | Updated Estimate (January 2023) | Change | | :-------------------------------- | :----------------------------- | :------------------------------ | :----- | | Indicated Mineral Resources (Moz AgEq) | 61.1 | 104.8 | +71% | | Inferred Mineral Resources (Moz AgEq) | 45.6 | 114.1 | +150% | | Average Indicated Grade (g/t AgEq) | 383 | 437 | +14% | | Average Inferred Grade (g/t AgEq) | 345 | 491 | +42% | | Copala Indicated Resources (Moz AgEq) | N/A | 51.1 | +701% | | Copala Inferred Resources (Moz AgEq) | N/A | 55.4 | +198% | [Key Statistics and Resource Details](index=2&type=section&id=Key%20Statistics) Precious metals, primarily silver, account for 93% of the updated resource value. The estimate encompasses 10 epithermal veins, representing approximately 10% of the known vein strike in the district, achieved at a low discovery cost - **93% of the value** of the Updated Mineral Resource Estimate is comprised of precious metals, including **59% from silver**[5](index=5&type=chunk) - A total of **10 epithermal veins** were included, representing **~10% of the known vein strike** in the district[5](index=5&type=chunk) - Total all-in exploration cost: **US$0.19/oz AgEq discovered** (US$0.15/oz AgEq discovered since March 2022)[5](index=5&type=chunk) Updated Mineral Resource Estimate - Contained Metal | Category | Tonnes (Mt) | Ag (Moz) | Au (koz) | Pb (kt) | Zn (kt) | AgEq (Moz) | | :------- | :---------- | :------- | :------- | :------ | :------ | :--------- | | Indicated | 7.5 | 58.3 | 508 | 17.0 | 53.3 | 104.8 | | Inferred | 7.2 | 70.7 | 496 | 13.6 | 39.3 | 114.1 | [CEO Commentary and Future Plans](index=2&type=section&id=CEO%20Commentary) CEO Michael Konnert expressed satisfaction with the significant resource growth and de-risking at Panuco, particularly highlighting the substantial increases in the Copala structure and the inclusion of the high-grade Cristiano structure. The company plans aggressive ongoing exploration with seven drill rigs, aiming for a potential resource estimate update in the second half of 2023 - CEO Michael Konnert is pleased with the updated resource, representing a major milestone for Vizsla Silver in growing and de-risking high-grade mineralization at Panuco[8](index=8&type=chunk) - Successful drilling in 2022 contributed to a **701% increase in indicated mineral resources to 51.1 Moz AgEq** and a **198% increase in inferred mineral resources to 55.4 Moz AgEq** in the Copala structure[8](index=8&type=chunk) - The Company plans to continue aggressive exploration with **seven drill rigs** focused on category conversion, incremental expansion, and testing new targets, supporting a potential mineral resource estimate update in the **second half of 2023**[8](index=8&type=chunk) [Webcast and Technical Report](index=3&type=section&id=Webcast%20and%20Technical%20Report) Vizsla Silver hosted a webcast on January 25, 2023, to discuss the Updated Mineral Resource Estimate. A technical report, compliant with National Instrument 43-101, is being prepared and will be available within 45 days of the release, with an effective date of January 12, 2023 - Vizsla Silver hosted a webcast on **January 25, 2023**, to discuss the Updated Mineral Resource Estimate[10](index=10&type=chunk) - A technical report in accordance with **National Instrument 43-101** will be available within **45 days of the release**[10](index=10&type=chunk) - The effective date of the Updated Mineral Resource Estimate is **January 12, 2023**[10](index=10&type=chunk) [Disclosure for Restructuring Transactions](index=3&type=section&id=5.2%20Disclosure%20for%20Restructuring%20Transactions) This section regarding disclosure for restructuring transactions is not applicable to the current material change report - Not applicable[10](index=10&type=chunk) [Mineral Resource Estimate Details and Methodology](index=3&type=section&id=Mineral%20Resource%20Estimate%20Details%20and%20Methodology) This section outlines the detailed methodology and assumptions used for the Panuco Project's mineral resource estimate, including AgEq calculations, metal price assumptions, and sensitivity analysis [AgEq Calculation and Metal Price Assumptions](index=3&type=section&id=AgEq%20Calculation%20and%20Metal%20Price%20Assumptions) The report specifies the formulas for calculating Silver Equivalent (AgEq) and Gold Equivalent (AuEq), along with the distinct metal price assumptions used for both the maiden and updated mineral resource estimates - AgEq formula: **Ag ppm + (((Au ppm x Au price/gram) + (Pb% x Pb price/t) + (Zn% x Zn price/t))/Ag price/gram)**[11](index=11&type=chunk)[13](index=13&type=chunk) - AuEq formula: **Au ppm + (((Ag ppm x Ag price/gram) + (Pb% x Pb price/t) + (Zn% x Zn price/t))/Au price/gram)**[13](index=13&type=chunk) Metal Price Assumptions for AgEq/AuEq Calculations | Metal | Maiden Estimate Price | Updated Estimate Price | | :---- | :-------------------- | :--------------------- | | Silver | $20.70/oz | $24.00/oz | | Gold | $1,655/oz | $1,800/oz | | Lead | $1,902/t | $2,425/t | | Zinc | $2,505/t | $2,976/t | [Panuco Project Resource Summary (Maiden vs. Updated)](index=3&type=section&id=Panuco%20Project%20Resource%20Summary%20-%20January%202023) This section provides a direct comparison of the maiden and updated mineral resource estimates for the Panuco Project at a 150 g/t AgEq cut-off, demonstrating significant increases in both indicated and inferred categories across all contained metals Panuco Project Mineral Resource Estimate Comparison (150 g/t AgEq cut-off) | Classification | Tonnes (Mt) | Ag (g/t) | Au (g/t) | Pb (%) | Zn (%) | AgEq (g/t) | Contained Ag (koz) | Contained Au (koz) | Contained Pb (kt) | Contained Zn (kt) | Contained AgEq (koz) | | :------------- | :---------- | :------- | :------- | :----- | :----- | :--------- | :----------------- | :----------------- | :---------------- | :---------------- | :------------------- | | **Maiden Indicated** | 5.0 | 191 | 2.08 | 0.26 | 0.50 | 383 | 30,501 | 331 | 13.0 | 24.6 | 61,137 | | **Updated Indicated** | 7.5 | 243 | 2.12 | 0.23 | 0.71 | 437 | 58,330 | 508 | 17.0 | 53.3 | 104,793 | | **Maiden Inferred** | 4.1 | 187 | 1.79 | 0.13 | 0.30 | 345 | 24,704 | 236 | 5.3 | 12.4 | 45,555 | | **Updated Inferred** | 7.2 | 304 | 2.14 | 0.19 | 0.54 | 491 | 70,672 | 496 | 13.6 | 39.3 | 114,113 | [Mineral Resource Sensitivity Analysis](index=4&type=section&id=Panuco%20Project%20Indicated%20%26%20Inferred%20Mineral%20Resource%20Sensitivity%20Table) The sensitivity analysis illustrates how the indicated and inferred mineral resources and their average grades fluctuate across various AgEq cut-off grades, demonstrating that lower cut-offs generally yield higher contained metal Indicated Mineral Resource Sensitivity by AgEq Cut-off Grade | COG AgEq (ppm) | Tonnes (Mt) | Ag (g/t) | Au (koz) | Pb (%) | Zn (%) | AgEq (g/t) | Contained Ag (koz) | Contained Au (koz) | Contained Pb (kt) | Contained Zn (kt) | Contained AgEq (koz) | | :------------- | :---------- | :------- | :------- | :----- | :----- | :--------- | :----------------- | :----------------- | :---------------- | :---------------- | :------------------- | | >=300 | 3.8 | 380 | 3.28 | 0.24 | 0.70 | 661 | 45,989 | 397 | 9.1 | 26.5 | 79,969 | | >=250 | 4.6 | 339 | 2.92 | 0.24 | 0.73 | 594 | 49,543 | 428 | 10.8 | 33.2 | 86,858 | | >=200 | 5.7 | 294 | 2.54 | 0.24 | 0.73 | 520 | 53,574 | 464 | 13.4 | 41.4 | 94,831 | | >=150 | 7.5 | 243 | 2.12 | 0.23 | 0.71 | 437 | 58,330 | 508 | 17.0 | 53.3 | 104,793 | | >=120 | 9.0 | 213 | 1.86 | 0.22 | 0.69 | 386 | 61,400 | 537 | 19.5 | 61.7 | 111,255 | | >100 | 10.2 | 194 | 1.70 | 0.21 | 0.66 | 354 | 63,419 | 554 | 21.1 | 67.3 | 115,469 | Inferred Mineral Resource Sensitivity by AgEq Cut-off Grade | COG AgEq (ppm) | Tonnes (Mt) | Ag (g/t) | Au (g/t) | Pb (%) | Zn (%) | AgEq (g/t) | Contained Ag (koz) | Contained Au (koz) | Contained Pb (kt) | Contained Zn (kt) | Contained AgEq (koz) | | :------------- | :---------- | :------- | :------- | :----- | :----- | :--------- | :----------------- | :----------------- | :---------------- | :---------------- | :------------------- | | >=300 | 4.0 | 456 | 3.13 | 0.20 | 0.47 | 716 | 59,148 | 406 | 8.3 | 18.9 | 92,784 | | >=250 | 4.8 | 410 | 2.83 | 0.20 | 0.48 | 647 | 62,677 | 433 | 9.6 | 23.1 | 98,968 | | >=200 | 5.7 | 362 | 2.51 | 0.20 | 0.52 | 576 | 66,412 | 461 | 11.1 | 29.5 | 105,757 | | >=150 | 7.2 | 304 | 2.14 | 0.19 | 0.54 | 491 | 70,672 | 496 | 13.6 | 39.3 | 114,113 | | >=120 | 8.6 | 268 | 1.89 | 0.18 | 0.53 | 436 | 73,709 | 519 | 15.3 | 45.5 | 119,802 | | >100 | 9.8 | 241 | 1.71 | 0.17 | 0.52 | 394 | 75,803 | 538 | 17.1 | 50.7 | 124,190 | [Mineral Resource Summary by Vein](index=4&type=section&id=Panuco%20Project%20Indicated%20%26%20Inferred%20Mineral%20Resource%20Summary%20by%20Vein) The report provides a detailed breakdown of both indicated and inferred mineral resources by individual veins and vein areas within the Panuco Project, highlighting the significant contribution of the Copala area to the overall resource Indicated Mineral Resource Summary by Vein (150 g/t AgEq cut-off) | Classification | Tonnes (Mt) | Ag (g/t) | Au (g/t) | Pb (%) | Zn (%) | AgEq (g/t) | AuEq (g/t) | Contained Ag (koz) | Contained Au (koz) | Contained Pb (kt) | Contained Zn (kt) | Contained AgEq (koz) | Contained AuEq (koz) | | :------------- | :---------- | :------- | :------- | :----- | :----- | :--------- | :--------- | :----------------- | :----------------- | :---------------- | :---------------- | :------------------- | :------------------- | | Copala | 3.1 | 343 | 2.22 | 0.06 | 0.12 | 516 | 6.88 | 33,999 | 220 | 1.9 | 3.6 | 51,106 | 681 | | Tajitos | 0.6 | 329 | 2.09 | 0.10 | 0.17 | 496 | 6.62 | 6,197 | 39 | 0.6 | 1.0 | 9,337 | 124 | | Cristiano | 0.2 | 414 | 2.54 | 0.08 | 0.19 | 614 | 8.19 | 2,022 | 12 | 0.1 | 0.3 | 3,003 | 40 | | **Copala Area Total** | **3.8** | **344** | **2.21** | **0.07** | **0.13** | **517** | **6.89** | **42,218** | **271** | **2.6** | **4.9** | **63,446** | **846** | | Napoleon | 3.3 | 135 | 1.99 | 0.41 | 1.39 | 351 | 4.68 | 14,186 | 209 | 13.5 | 45.2 | 36,814 | 491 | | Napoleon HW | 0.3 | 151 | 1.45 | 0.22 | 0.79 | 298 | 3.97 | 1,407 | 14 | 0.6 | 2.3 | 2,767 | 37 | | Josephine | 0.1 | 179 | 5.13 | 0.33 | 0.94 | 610 | 8.13 | 519 | 15 | 0.3 | 0.8 | 1,766 | 24 | | **NP Area Total** | **3.6** | **138** | **2.02** | **0.40** | **1.33** | **353** | **4.71** | **16,112** | **237** | **14.4** | **48.3** | **41,347** | **551** | | **Total Indicated** | **7.5** | **243** | **2.12** | **0.23** | **0.71** | **437** | **5.83** | **58,330** | **508** | **17.0** | **53.3** | **104,793** | **1,397** | Inferred Mineral Resource Summary by Vein (150 g/t AgEq cut-off) | Classification | Tonnes (Mt) | Ag (g/t) | Au (g/t) | Pb (%) | Zn (%) | AgEq (g/t) | AuEq (g/t) | Contained Ag (koz) | Contained Au (koz) | Contained Pb (kt) | Contained Zn (kt) | Contained AgEq (koz) | Contained AuEq (koz) | | :------------- | :---------- | :------- | :------- | :----- | :----- | :--------- | :--------- | :----------------- | :----------------- | :---------------- | :---------------- | :------------------- | :------------------- | | Copala | 2.8 | 433 | 2.31 | 0.11 | 0.21 | 617 | 8.23 | 38,838 | 207 | 3.2 | 5.7 | 55,409 | 739 | | Tajitos | 0.7 | 340 | 2.08 | 0.20 | 0.32 | 514 | 6.85 | 7,740 | 47 | 1.4 | 2.3 | 11,713 | 156 | | Cristiano | 0.4 | 604 | 3.82 | 0.18 | 0.32 | 908 | 12.11 | 7,494 | 47 | 0.7 | 1.2 | 11,273 | 150 | | **Copala Area Total** | **3.9** | **433** | **2.42** | **0.14** | **0.24** | **627** | **8.36** | **54,072** | **302** | **5.3** | **9.3** | **78,395** | **1,045** | | Napoleon | 1.7 | 149 | 1.59 | 0.29 | 1.06 | 318 | 4.24 | 8,129 | 87 | 4.9 | 18.1 | 17,393 | 232 | | Napoleon HW | 0.4 | 176 | 1.58 | 0.23 | 1.00 | 341 | 4.54 | 2,025 | 18 | 0.8 | 3.6 | 3,910 | 52 | | Josephine | 0.2 | 110 | 3.28 | 0.24 | 0.67 | 389 | 5.19 | 817 | 24 | 0.5 | 1.6 | 2,891 | 39 | | Cruz | 0.4 | 123 | 2.62 | 0.24 | 1.16 | 371 | 4.95 | 1,490 | 32 | 0.9 | 4.4 | 4,514 | 60 | | **NP Area Total** | **2.7** | **145** | **1.88** | **0.27** | **1.03** | **335** | **4.46** | **12,461** | **161** | **7.2** | **27.6** | **28,708** | **383** | | San Antonio | 0.3 | 226 | 1.30 | 0.01 | 0.03 | 325 | 4.33 | 2,038 | 12 | 0.0 | 0.1 | 2,936 | 39 | | *Animas | 0.4 | 169 | 1.68 | 0.29 | 0.60 | 327 | 4.37 | 2,101 | 21 | 1.1 | 2.3 | 4,074 | 54 | | **Total Inferred** | **7.2** | **304** | **2.14** | **0.19** | **0.54** | **491** | **6.55** | **70,672** | **496** | **13.6** | **39.3** | **114,113** | **1,521** | [Updated Mineral Resource Estimate Notes](index=6&type=section&id=Panuco%20Project%20Updated%20Mineral%20Resource%20Estimate%20Notes) This section details the methodology and assumptions underpinning the updated mineral resource estimate, including classification standards, effective date, economic extraction prospects, the drilling database used, resource modeling techniques, estimation methods, density measurements, and considerations for potential underground mining methods and associated costs - Classification of mineral resources is consistent with current **2014 CIM Definition Standards**[18](index=18&type=chunk) - The effective date for the Updated Mineral Resource Estimate is **January 12, 2023**[18](index=18&type=chunk) - Mineral resources are reported at a base case cut-off grade of **150 g/t AgEq**, considering metal prices (**$24.00/oz Ag, $1800/oz Au, $2425/t Pb, $2976/t Zn**), metal recoveries (**93% Ag, 90% Au, 94% Pb, 94% Zn**), mining cost (**US$45.00/t rock**), and processing/G&A cost (**US$50.00/t**)[18](index=18&type=chunk) [Exploration and Discovery Costs](index=7&type=section&id=Exploration%20and%20Discovery%20Costs) This section details Vizsla Silver's ongoing exploration program, including funding, drilling targets, and the overall discovery costs for the Panuco Project [Ongoing Exploration Program](index=7&type=section&id=Ongoing%20Exploration%20Program) Vizsla Silver is well-funded for its 90,000-meter 2023 drill program, which employs seven drill rigs to upgrade and expand the resource base and test high-priority targets. A further resource update is planned for the second half of 2023, contingent on exploration success - The Company is well-funded to complete its ongoing **90,000-metre 2023 drill program** with **seven drill rigs**[19](index=19&type=chunk) - The drill program is designed to upgrade and expand the Project's resource base and test high priority targets[19](index=19&type=chunk) - A further update to the Updated Mineral Resource Estimate is planned for the **second half of 2023**, dependent on ongoing exploration success[19](index=19&type=chunk) [Discovery Costs](index=7&type=section&id=Discovery%20Costs) The Panuco Project has incurred approximately US$41.8 million in aggregate exploration expenditures to date, resulting in an estimated discovery cost of US$0.19 per silver equivalent ounce for the defined resources - Aggregate exploration expenditures over the life of the Project: approximately **US$41.8 million**[20](index=20&type=chunk) - Estimated discovery cost per silver equivalent ounce: **US$0.19**[20](index=20&type=chunk) [Additional Information](index=7&type=section&id=Additional%20Information) This section covers regulatory compliance, omitted information, executive contact details, and the official date of the material change report [Reliance on Subsection 7.1(2) or (3) of National Instrument 51-102](index=7&type=section&id=Item%205%20Reliance%20on%20subsection%207.1(2)%20or%20(3)%20of%20National%20Instrument%2051-102) Vizsla Silver Corp. is not relying on subsection 7.1(2) or (3) of National Instrument 51-102 for this material change report - Not applicable[21](index=21&type=chunk) [Omitted Information](index=7&type=section&id=Item%206%20Omitted%20Information) No information has been omitted from this material change report - Not applicable[21](index=21&type=chunk) [Executive Officer Contact](index=7&type=section&id=Item%207%20Executive%20Officer) Contact information for Michael Konnert, the Chief Executive Officer, is provided for further inquiries regarding the report - Contact: **Michael Konnert, Chief Executive Officer**[21](index=21&type=chunk) - Telephone: **(604) 364-2215**[21](index=21&type=chunk) [Date of Report](index=7&type=section&id=Item%208%20Date%20of%20Report) The material change report was dated February 27, 2023 - Date of Report: **February 27, 2023**[21](index=21&type=chunk)

Executive Compensation - The annual base salaries for Named Executive Officers (NEOs) in 2022 were as follows: Michael Konnert (CEO) at $350,000, Mahesh Liyanage (CFO) at $220,000 (up 116% from $102,000 in 2021), and Martin Dupuis (COO) at $250,000 (up 26% from $198,000 in 2021) [26] - The total fees incurred for Global Governance Advisors (GGA) for executive compensation-related work in FY 2022 amounted to $35,394, with no fees reported for FY 2021 [21] - The performance bonuses for NEOs are based on assessments against pre-established objectives, with specific metrics tailored to each executive to ensure alignment with company performance [27] - The compensation philosophy emphasizes a pay-for-performance approach, linking executive compensation to both corporate and individual performance metrics [15] - The actual performance bonuses for Named Executive Officers (NEOs) ranged from 18% to 125% of their base salaries, with Michael Konnert receiving a bonus of $350,000 [30] - The total compensation for Michael Konnert in 2022 was $3,580,117, which included a salary of $350,000 and option-based awards valued at $2,880,117 [48] - Total compensation for Charles Funk in 2022 was $1,475,794, which includes $1,345,794 in option-based awards [79] - Craig Parry's total compensation for 2022 amounted to $1,831,786, with $1,681,786 coming from option-based awards [79] - The value vested during the year for Craig Parry was $571,675 from option-based awards [86] Long-term Incentives - The long-term incentive program includes stock options, which are granted to executives to incentivize them to create shareholder value, with options having a maximum expiry term of five years [24] - The company has 14,959,222 stock options outstanding under the Stock Option Plan, representing 9.66% of the current outstanding common shares [31] - The Board approved a new Equity Incentive Compensation Plan on September 7, 2022, which includes a rolling 10% stock option plan and a fixed 8% other equity plan, pending shareholder approval [36] - The exercise price for stock options is determined by the Board and cannot be less than the last closing price of Vizsla's shares prior to the grant [33] - The long-term incentive grants for NEOs in 2022 included stock options with exercise prices ranging from $2.22 to $2.34, set to expire between June 22, 2026, and September 24, 2026 [39] - The fair value of the 2022 option award was calculated using an expected life of 5 years and annualized volatility of 100%-104% [81] Compensation Governance - The Compensation Committee is responsible for reviewing and approving compensation packages for senior executives, ensuring they are competitive within the industry [9] - The company aims to ensure that compensation practices are fair and reasonable to shareholders while being competitive with similar positions in the mining industry [18] - The company's peer group for compensation benchmarking includes companies like Alexco Resource Corp. and Bluestone Resources Inc., focusing on those with similar market capitalization and operational scope [19] - The Compensation Committee concluded that the company's compensation policies do not encourage inappropriate or excessive risks, ensuring alignment with long-term shareholder value [42] Shareholder Value - The company's market capitalization has significantly increased, reflecting operational advances and achievements in the Panuco-Copala Project between 2021 and 2022 [1] - The total shareholder return (TSR) for Vizsla increased by 1,373% since its listing on the TSX Venture Exchange on September 26, 2017, outperforming both the S&P/TSX Global Mining Index and the S&P/TSX Composite Total Return Index [44] Board Compensation - The cash retainers for the Board of Directors in 2022 were $100,000 for the Chair and $50,000 for members, reflecting an increase from 2021 [70] - Non-Executive Directors will be subject to an annual grant limit of no more than $150,000 in equity compensation, with a maximum of $100,000 in options [73] - The options granted to Non-Executive Directors during the fiscal year ended April 30, 2022, included 600,000 options at an exercise price of $2.22 for Charles Funk [76] - The total value of equity compensation granted to Non-Executive Directors in the form of stock options during the fiscal year was significant, with various exercise prices noted [75] Other Compensation Details - Non-Equity incentive plans only included annual cash bonuses, with no long-term non-equity compensation provided [55] - The company does not have any pension or retirement plans for its directors and NEOs [89] - The company provided annual incentive plans in the form of cash bonuses, with no long-term non-equity compensation [82] - The total number of securities remaining available for future issuance under equity compensation plans is 847,107 [90] - No stock options were exercised during the year ended April 30, 2022 [87]

VANCOUVER, BC, March 17, 2022 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) ("Vizsla" or the "Company") is pleased to report results from five new drill holes targeting the Cruz Negra Vein, located 250 metres west of the Napoleon resource area, at its 100%-owned, flagship Panuco silver-gold project ("Panuco" or the "Project") located in Mexico. The results are a part of Vizsla's ongoing, fully funded 120,000-meter resource/discovery-based drill program. Highlights EXHIBIT 99.1 • NP- ...