Vizsla Silver Enters US$220M Project Finance Mandate With Macquarie To Fund Development Of The Panuco Project

(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - September 8, 2025) - Vizsla Royalties Corp. (TSXV: VROY) (OTCQB: VROYF) (" Vizsla Royalties " or the " Company ") is pleased to highlight the mandate letter recently executed by Vizsla Silver Corp. (" Vizsla Silver ") with Macquarie Bank Limited (" Macquarie ") as lead arranger for a senior secured project finance facility (the " Facility ") of up to US$220 million to fund the construction and development of the high-grade underground Panuco silver-gold project in Sinaloa, Mexico (" Panuco ").

"Securing Macquarie as lead arranger for project financing marks another decisive step toward bringing Panuco into production," stated Michael Pettingell, CEO of Vizsla Royalties. "For shareholders of Vizsla Royalties, this mandate represents a transition of our cornerstone Panuco royalty, with cash flow achievable following permitting, a planned feasibility study and subsequent construction decision. The absence of mandatory hedging and a low cost of capital further reflect both the quality of the Panuco asset and the caliber of the Vizsla Silver team in negotiating favorable terms. Notably, Macquarie's decision to retain 70% of the facility exemplifies their strong conviction in the long-term potential of Panuco. We see this as a catalyst for a near-term re-rate of Vizsla Royalties as the market narrows the valuation gap."

For more information on the Facility, please see Vizsla Silver's press release dated September 5, 2025 .

About Vizsla Royalties Corp.
Vizsla Royalties Corp. is a precious metals focused royalty company. The Company's principal asset is a net smelter returns royalty on Vizsla Silver's (TSX: VZLA) (NYSE: VZLA) flagship Panuco Project located in Mexico. Panuco is a world-class silver and gold development project actively advancing towards production. A Preliminary Economic Assessment for Panuco was published in July 2024 which highlights 15.2 Moz AgEq of annual production over an initial 10.6-year mine life, an after-tax NPV5% of US$1.1B, 86% IRR and a 9-month payback at US$26/oz Ag and US$1,975/oz Au.

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