- **Eduardo Luna**, an independent director since **November 15, 2023**, was appointed **Lead Director** of Vizsla Silver's Board of Directors on **September 17, 2025**.  **[1796073_0001279569-25-001004_ex991.htm:1]** 
- Vizsla Silver granted **1,550,000 performance-based restricted share units (PRSUs)** to officers, employees, and consultants, with vesting tied to the Feasibility Study announcement for the Panuco Project.  **[1796073_0001279569-25-001004_ex991.htm:1]** 
- The Panuco Silver-Gold Project, as of **January 6, 2025**, has an estimated in-situ combined measured and indicated mineral resource of **222.4 Moz AgEq** and an inferred resource of **138.7 Moz AgEq**.  **[1796073_0001279569-25-001004_ex991.htm:1]**  A **July 2024** Preliminary Economic Study for Panuco projected **15.2 Moz AgEq of annual production** over a **10.6-year mine life**, with an after-tax **NPV5% of US$1.1B**, an **86% IRR**, and a **9-month payback**.  **[1796073_0001279569-25-001004_ex991.htm:2]**

Vizsla Silver Appoints Eduardo Luna as Lead Director and Grants Performance-Based Restricted Share Units

- **Eduardo Luna**, an independent director since **November 2023** and a respected Mexican mining leader, has been appointed Lead Director of Vizsla Silver's Board of Directors as of **September 17, 2025**.  **[1796073_20250917VA75673:0]** 
- Vizsla Silver granted **1,550,000 performance-based restricted share units (PRSUs)** to certain officers, employees, and consultants, which will vest over three years from the Feasibility Study announcement for the Panuco Project, aiming to align incentives with the project's development.  **[1796073_20250917VA75673:0]** 
- The Panuco Silver-Gold Project's updated mineral resource estimate, announced on **January 6, 2025**, includes an in-situ combined measured and indicated resource of **222.4 Moz AgEq** and an inferred resource of **138.7 Moz AgEq**.  **[1796073_20250917VA75673:0]** 
- A Preliminary Economic Study (PES) for the Panuco Project, completed in **July 2024**, highlights **15.2 Moz AgEq** of annual production over an initial **10.6-year mine life**, an after-tax NPV5% of **US$1.1B**, an **86% IRR**, and a **9-month payback**.  **[1796073_20250917VA75673:1]**

Vizsla Silver (VZLA)