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Vizsla Silver Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3): Panuco District, Sinaloa, Mexico, Could Become a Multi-Hundred-Million-Ounce Silver Resource; Michael Konnert, President and CEO Interviewed

on 6/5/2021
Vizsla Silver Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) has an option to acquire 100% of the newly consolidated, 9,386.5-hectare, Panuco District, in southern Sinaloa, Mexico, near the city of Mazatlán. The option allows for the acquisition of over 75 kilometers of total vein extent, a 500 ton per day mill, 35 kilometers of underground mines, tailings facilities, roads, power and permits. We learned from Michael Konnert, President and CEO of Vizsla Silver, that they have consolidated an entire historic district that has been in production for over 400 years, since the Spanish times, and are currently conducting Mexico's most exciting and aggressive district-scale silver exploration program. According to Mr. Konnert, Panuco could become a multi-hundred-million-ounce silver resource. Utilizing the existing infrastructure, it can be moved into production very rapidly. Plans for 2021 include ongoing exploration drilling on two veins that make up that Western portion of the district.

Vizsla Silver Corp.

Dr. Allen Alper: This is Dr. Allen Alper, Editor-in-Chief of Metals News, interviewing Michael Konnert, President and CEO of Vizsla Silver Corp. Mike, could you give our readers/investors an overview of your Company and what differentiates your Company from others?

Michael Konnert:Vizsla has Mexico's most exciting and aggressive district scale, silver exploration program, underway right now. We're more than an explorer, we've consolidated an entire historic district that has been in production since the Spanish times, for over 400 years. We're the first Company to have this district to explore on a large scale. We continue to make high-grade discoveries down there, at our Panuco Project in Mexico. Based on recent success, I suspect Panuco will be a very large, multi-hundred-million-ounce silver resource field in the future. As we're successful, we're able to utilize the existing infrastructure that includes a mill, tailings, highways, power, everything you would need to be in production in Mexico. We can utilize that and move into production very rapidly. I think that's what sets us apart, aside from our size and our grade that we see at the project, the ability to move very rapidly into production is a unique selling point of the Company.

Dr. Allen Alper: That sounds excellent. Could you give us more details about the project, the grade, the size, etc.?

Michael Konnert: We presented a good way to think about the Panuco District in our presentation. We showed the vein field to scale, superimposed over major cities in the world. One of the comparisons is to New York City’s Island of Manhattan. If you think of these veins that we're targeting, as running across the Island of Manhattan, we're drilling an area from about the size Downtown all the way up to Harlem. It stretches across the Island. Right now, we're focused on the Western portion of the district and we're focused on resource drilling on two veins that make up that Western portion of the district. Those are the Napoleon and Tajitos veins and we've made some very high-grade discoveries there, one of the world's highest grade discoveries last year.

We have five rigs turning on the area, of the district, but we have over 75 kilometers of veins that we're not actively drilling. We are currently drilling on about 5% of the total vein extent that we know of, in the district. Some of the grades that we've seen, our high-grade discovery last year was six meters of 8 kilograms of silver equivalent, so the breakdown of that was 1.8 kilograms of silver, over 2 ounces of gold and some base metal credits there as well. We're also seeing meaningful strikes at the Napoleon vein corridor. Now we've traced the vein over 2 kilometers, and we drilled about 600 meters of strike on that vein. We've drilled down to a depth, in excess of 300 meters. The average grade and width that we're seeing at Napoleon is twice the average width that you see in Mexico, it's 4 meters wide and the average grade across those 4 meters is 440 grams per ton.

Dr. Allen Alper: That's fantastic. Those are exciting results you're getting; it must be fun for your whole group getting great results and you have a very aggressive drilling program planned for this year also.

Michael Konnert: It is very aggressive, but the project is responding very well to the number of drills that we have on the project. I'm very proud of our technical team, because they made some very significant discoveries here and they're doing an excellent job.

Dr. Allen Alper: It's great to be drilling in an area where there's so much silver and such a great reward when you drill. And it's a great discovery, so that's excellent! You have a fantastic Team with a great background. Could you tell us about your background, your Chairman and your Team?

Michael Konnert: I was the founder of Vizsla back in 2017. I come from a commerce background, with a commerce degree, but my specialty deals with the origination and structuring opportunities and teams. I was able to build an excellent Team around the Company that includes our Chairman, Craig Parry. Craig is a well-known executive, with success in putting projects into production in the past and running operating mines and working for Rio Tinto. He's better known now for being a founder of NexGen Energy and the Chairman of Skeena Resources.

We have a Director by the name of Simon Cmrlec, who is the COO of Ausenco Engineering, which is the world leader in contract building, for producing mines around the world. They're building Silver Crest Las Chispas Mine, they're also working in B.C. at the Artemis Mine, as well as having built the Atlantic Gold Mine recently.

Our Technical Director is Charles Funk who led the Team to the discovery at Napoleon and is a very strong and competent younger geologist. We also have an excellent Team that includes a number of other professionals that are focused on the project level, as well as the corporate levels.

Dr. Allen Alper: That's a very strong, well balanced team. That's excellent! Could you tell our readers/investors about your capital and share structure?

Michael Konnert: We have about 93 million shares outstanding, fully diluted. We have 123 million shares outstanding and the dilution to get to the fully diluted level comes from around 24 million warrants. Six million of those warrants would be at 25 cents and will be expiring soon. They are mostly held by insiders and will be exercised soon. Then the majority, the 60 million warrants we have at $2.40 are held by Eric Sprott, by Franklin Templeton. These are major shareholders that came in during the last financing that we had in the summer, which was done at $1.87. The warrants are priced at $2.40. Bringing those warrants in will bring about $40 million CAD into our treasury and give us more money to explore or take the next steps, with the project.

Dr. Allen Alper: That's excellent. It's great to be in the position where you're well financed, you have great financial backers, and you can move your projects aggressively forward. Mike, could you give our readers/investors the primary reasons they should consider investing in Vizsla Silver?

Michael Konnert: The best reason to invest in the Company is if you think the shares are going to go up and we think the shares of Vizsla have the potential to increase in value here. The reason for that is that we're already off to a great start with drilling at Napoleon, but the potential for more discoveries, more high-grade is present. We expect to make more discoveries and add more mineralization to Napoleon, and that's less than 5% of the total extent of the veins that we see across the District. I think, with eight rigs turning, the potential for us to make and find meaningful concentrations of mineralization is very real.

As we're successful, we can move from the position that we're in right now, as an explorer, to a developer and producer very rapidly. I think the potential for the shares to be rerated, based on the fact that we're a well-funded, high-grade drill discoverer, is a very good opportunity to own the shares at this price.

Dr. Allen Alper: Those are very strong reasons to consider investing in Vizsla Silver. Is there anything else you'd like to add Mike?

Michael Konnert: If there are any other questions, we're always happy to answer or you can go to our website, which is

Dr. Allen Alper: We’ll also publish your press releases, as they come out, so our readers/investors can follow your progress.

Michael Konnert, President and Chief Executive Officer
Tel: (604) 838-4327

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