Vizsla Silver Corp. agreed to Spin-Off 51% stake of Vizsla Royalties Corp. on January 17, 2024.

As of May 23, 2024, Vizsla Silver Corp. entered into an arrangement agreement to Spin-Off 45% stake of Vizsla Royalties Corp. on March 27, 2024.

Pursuant to the Spinout, common shares of Vizsla Royalties would be distributed to shareholders of Vizsla Silver. Vizsla Silver is expected to hold approximately a 49% ownership interest in Vizsla Royalties, with the remaining shares of Vizsla Royalties being distributed to shareholders of Vizsla Silver on a pro-rata basis at a time to be determined by the board of directors of Vizsla Silver. As of May 23, 2024, Pursuant to the Spinout Vizsla Silver is expected to hold approximately a 55% ownership interest in Vizsla Royalties.

The record date has been set at June 21, 2024. There will be no change in shareholders' holdings in Vizsla Silver as a result of the Spinout. the Spinout would be subject to shareholder, court, stock exchange and regulatory approvals, as well as, at management's continued discretion.

It is expected that, at the time Vizsla Royalties pursues a listing on the TSX Venture Exchange, a majority of the members of its management team and the Vizsla Royalties Board will be independent of Vizsla Silver.