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Share Structure

Common shares held by officers, directors, and advisors

11,383,751

Vizsla Silver (TSXV: VZLA)

4,000,000

Institutions

5,800,000

Float

19,327,729

TOTAL SHARES OUTSTANDING

40,511,480

Founders Warrants ¹

700,000

Officers, directors and advisors options ²

3,050,000

Officers, directors & advisor SARs & RSUs

1,850,000

Warrants (institutions - strike price $0.75)

2,900,000

Warrants (Vizsla Silver – strike price $0.75)

2,000,000

Subtotal

10,500,000

TOTAL OUTSTANDING FULLY DILUTED

51,346,480

(1) Exercisable at $0.10 per share
(2) WAEP of $0.27