Vizsla Silver Corp. announced that it has now issued 448,137 common shares for the previously announced asset purchase agreement dated March 5, 2024, entered into with Inca Azteca Gold S.A.P.I. de C.V. and the Company's wholly owned subsidiary, Minera Canam, S.A. de C.V. pursuant to which the Company agreed to acquire, through Minera Canam, all of the Seller's right, title and interest in and to the mineral concessions. The Company will acquire two large claims comprising 10,667.0 Ha, located south and partially adjacent to the Company's Panuco project (the "Panuco Project" or "Panuco"). The San Enrique prospect is situated along the highly prospective Panuco - San Dimas corridor and is covered 100% with LiDAR and partially covered with high-resolution aero-magnetic and radiometric surveys. For 2024, Vizsla Silver has budgeted +30,000 metres of resource/discovery-based drilling designed to upgrade and expand the mineral resource, as well as test other high priority targets across the district. The Consideration Shares have been issued at a share price of CAD 1.97 for total consideration of CAD 882,830 (USD 650,000). The Consideration Shares are subject to a four-month hold period pursuant to applicable Canadian securities laws and the Seller has agreed to voluntary resale restrictions, whereby 12.5% of the Consideration Shares will become free trading on the date that is four months and one day from the effective date and an additional 12.5% will become free trading
every three months thereafter.