Vizsla Silver provides update on royalty spinout

Vizsla Silver intends to enter into an arrangement agreement with its wholly-owned subsidiary Vizsla Royalties – Spinco – within 45 days in respect of the spinout of the shares of Spinco to the company’s shareholders – the spinout -. Spinco currently holds, indirectly, a net smelter royalty on any future mineral production at Vizsla Silver’s flagship, 100% owned Panuco silver-gold project located in Mexico. Holders of its common shares will be entitled to 1/3 of a common share of Spinco and 1/3 of a common share purchase warrant of Spinco for each Vizsla Silver Share held on the share distribution record date. The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlan.