VIZSLA COPPER ANNOUNCES CLOSING OF ACQUISITION OF PALMER VMS PROJECT IN ALASKA AND $44 MILLION PRIVATE PLACEMENT

 Vizsla Copper Corp. (TSXV: VCU,OTC:VCUFF) (OTCQB: VCUFF) (“Vizsla Copper” or the “Firm”) is happy to announce that, additional to its information launch dated November 13, 2025, it has accomplished the acquisition (the “Acquisition”) of Constantine Steel Assets Ltd. (the “CMR”) and is now the 100% proprietor of the Palmer VMS challenge, situated in southeast Alaska (the “Palmer Mission”). The Firm can also be happy to announce the completion of its non-brokered concurrent financing for gross proceeds of $44,240,605 (the “Providing”).

“With the transaction and upsized financing now formally closed, the staff can concentrate on a busy 2026,” said the Firm’s Chairman and CEO, Craig Parry. “Palmer is a uncommon high-grade copper asset in a strategic location, with sturdy enlargement and exploration potential, backed by current sources. We reiterate that Palmer is the precise asset on the proper time, given North America’s starvation for vital minerals. We welcome the chance to work constructively in collaboration and session with conventional landowners and communities, and sit up for participating positively with individuals and teams within the area.

We respect American Pacific’s efforts to assist shut this transaction, and we welcome them as a brand new shareholder. With the healthiest treasury within the Firm’s historical past, the staff will embark on its most enjoyable yr up to now with year-round exploration and newsflow. We’ll start 2026 with a significant winter drill marketing campaign at Poplar specializing in increasing the Thira discovery and testing compelling close by giant porphyry targets. This might be adopted by a big summer time drill program at Palmer focusing in and across the spectacular 2023 high-grade hits at Zone 1, testing extensions of the recognized high-grade deposit and a number of compelling VMS targets within the district. It is a transformational second for Vizsla Copper.”

Transaction Highlights 

• The Palmer Mission is an advanced-stage vital minerals exploration challenge in Southeast Alaska, with 60 kilometers of highway entry to tidewater.
• Excessive-grade VMS-related copper, zinc, silver, gold and barite mineralization with sturdy useful resource with progress potential:
  • Indicated: 4.77 million tonnes at 1.69% copper, 5.17% zinc (3.5% CuEq or 13.2% ZnEq)*. 178.0 million kilos of copper, 543.0 million kilos of zinc, with valuable metals and barite (Desk 1)
  • Inferred: 12.00 million tonnes at 0.57% copper, 3.92% zinc (3.1% CuEq or 8.9% ZnEq)*. 151.5 million kilos of copper, 1,036.4 million kilos of zinc, with valuable metals and barite (Desk 1)
• Important capital invested: Over US$116 million has been invested on the Palmer Mission up to now establishing a powerful basis for the 2025 mineral useful resource estimates, with highway entry, and all crucial state and federal permits in place for fast development.
• A Confirmed VMS Belt extending over 1,000 kilometers all through southeast Alaska and into Canada to the north and south. Proximal to established mining operations and infrastructure together with Greens Creek (Hecla, Ag, Zn), and Kensington (Coeur, Au).
• Sturdy Treasury: With the completion of the concurrent financing for gross proceeds of roughly $44 million, Vizsla Copper is well-positioned to quickly advance Palmer and its thrilling portfolio of British Columbia tasks together with the current Thira discovery on the Poplar challenge.

Palmer Mission

The Palmer Mission is a complicated stage volcanogenic huge sulfide (VMS) challenge situated in southeast Alaska, 60 kilometers from tidewater. The 33,000 hectare challenge hosts a mineral useful resource of 4.77Mt at 3.5% CuEq Indicated¹ (1.69% copper, 5.17% zinc, 0.14% lead, 28.4 g/t silver, 0.29 g/t gold, 20.6% BaSO₄) and 12Mt at 3.1% CuEq Inferred¹ (0.57% copper, 3.92% zinc, 0.47% lead, 66.3 g/t silver, 0.33 g/t gold, 25.5% BaSO₄) established throughout two fundamental deposits, the Palmer Deposit and the AG Deposit (Tables 1 and a couple of). All claims comprising the Palmer Mission are in good standing, with all the required permits in place to discover and full the subsequent section of engineering and evaluation.

Determine 1. Map displaying the placement of the Palmer Mission in relation to native infrastructure and close by mines. 

Desk 1: Palmer Mission Mineral Useful resource Estimate Grades (efficient date of January 13, 2025)

Desk 2: Palmer Mission Mineral Useful resource Estimate Contained Steel (efficient date of January 13, 2025)

VMS-related copper-zinc-lead-silver-gold-barite mineralization throughout the Palmer Mission, together with the Palmer and Ag deposits, is hosted in a potential belt of Late Triassic, rift-related volcanic and sedimentary rocks of the Alexander Terrane. This prolific mineral belt is host to different vital VMS occurrences, prospects and deposits together with the Windy Craggy copper-cobalt-silver-gold-zinc deposit in British Columbia, and the Greens Creek silver-zinc-lead-gold mine in southeast Alaska (Determine 1). Quite a few drill-ready VMS prospects at Palmer are dispersed alongside greater than 15 km of potential stratigraphy that is still largely under-explored (Determine 2).

Determine 2. Southwest wanting view of the Palmer Mission displaying the distribution of under-explored high-grade exploration targets. See references beneath for sources of information.

Closing of Providing

In reference to the Providing, the Firm issued:

• 23,148,148 frequent shares of the Firm (“LIFE Shares“) at worth of $1.08 per LIFE Share for gross proceeds of $24,999,999.84;
• 7,605,775 frequent shares (the “Frequent Shares“) at worth of $1.08 per Frequent Share for gross proceeds of $8,214,237; and
• 8,892,305 flow-through frequent shares of the Firm (“FT Shares“) at a worth of $1.24 per FT Share for gross proceeds of $11,026,458.20.

The Firm plans to make use of the proceeds of the Providing as follows: (a) an quantity equal to the gross proceeds from the sale of the FT Shares might be utilized by the Firm to incur “Canadian vital minerals exploration bills” that qualify as “vital mineral flow-through mining expenditures” and/or Canadian exploration bills” that qualify as “flow-through mining expenditures”, as such phrases are outlined underneath the Earnings Tax Act (Canada) associated to the Firm’s mineral properties in British Columbia; and (b) the web proceeds from the sale of the Frequent Shares and the LIFE Shares might be utilized by the Firm for: (i) exploration of the Palmer Mission, (ii) continued exploration on Vizsla Copper’s mineral properties in British Columbia, with a principal concentrate on the Poplar copper-gold challenge, (iii) prices of finishing the acquisition of the Palmer Mission, and (iv) common working capital.

In reference to the closing of the Providing, the Firm has paid or can pay an combination of $1,903,059.77 in finder’s charges and has issued an combination of 1,692,235 finder’s warrants (the “Finder’s Warrants“) to eligible arm’s size events, together with Eventus Capital Corp., Haywood Securities Inc. and Arlington Group Asset Administration Restricted, pursuant to Alternate insurance policies. Every Finder’s Warrant might be exercisable to amass a standard share within the capital of the Firm at a worth of $1.08 per share for a interval of 24 months.

The Frequent Shares and FT Shares issued pursuant to the Providing might be topic to a four-month and someday maintain interval. The LIFE Shares is not going to be topic to a maintain interval in Canada, topic to any maintain durations required by the Alternate. The LIFE Shares had been provided on the market to purchasers resident in Canada and/or different qualifying jurisdictions pursuant to the listed issuer financing exemption underneath Half 5A of NI 45-106 – Prospectus Exemptions, as amended by CSA Coordinated Blanket Order 45-935, and should not topic to a maintain interval pursuant to relevant Canadian securities legal guidelines. The securities issued pursuant to the Providing haven’t been, and won’t be, registered underneath the USA Securities Act of 1933, as amended, and will not be provided or offered inside the USA or to, or for the account or advantage of, U.S. individuals absent registration or an relevant exemption from the registration necessities.

Sure administrators and officers of the Firm subscribed for an combination of 1,949,754 Frequent Shares and 241,937 FT Shares for gross proceeds of $2,405,736 underneath the Providing. Participation by these insiders of the Firm within the Providing constitutes a related-party transaction as outlined underneath Multilateral Instrument 61-101 – Safety of Minority Safety Holders in Particular Transactions (“MI 61-101“). The issuance of those securities is exempt from the formal valuation necessities of Part 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 because the Firm’s frequent shares are listed on the Alternate. The issuance of those securities can also be exempt from the minority approval necessities of Part 5.6 of MI 61-101 pursuant to Subsection 5.7(1)(b) of MI 61-101 because the truthful market worth was lower than C$2,500,000.

Efficient December 4, 2025, the Firm carried out the beforehand introduced share consolidation on the idea of ten pre-consolidation frequent shares for each post-consolidation frequent share (the “Consolidation“). All references on this information launch to frequent shares within the capital of the Firm are on a post-Consolidation foundation.

Closing of Acquisition

The Firm acquired 100% of the issued and excellent shares of CMR in consideration for the issuance of 13,888,888 frequent shares of Vizsla Copper, with a deemed worth of $1.08 per share to American Pacific Mining Corp. (“American Pacific“), and that are topic to a four-month and someday maintain interval and sure contractual resale provisions.

Pursuant to the amended and restated share buy settlement dated December 2, 2025, which amended and restated the share buy settlement dated November 12, 2025, between Vizsla Copper and American Pacific (the “Settlement“), Vizsla Copper has additionally agreed to make the next milestone funds to American Pacific:

• $5,000,000 (the “Useful resource Replace Milestone Fee“) payable upon the general public disclosure by Vizsla Copper of an up to date mineral useful resource estimate for the Palmer Mission ready in accordance with Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives (“NI 43-101“), which delineates a complete of not lower than 22 million tonnes of mineralized materials; and
• $10,000,000 (the “Business Manufacturing Milestone Fee“, and along with the Useful resource Replace Milestone Fee, the “Milestone Funds“) payable upon the graduation of economic manufacturing on the Palmer Mission.

The Milestone Funds could also be glad, on the election of the Firm, in money or by issuing frequent shares of Vizsla Copper (“Milestone Shares“), with pricing calculated primarily based on the quantity weighted common buying and selling worth of the frequent shares on the TSX Enterprise Alternate (the “Alternate“) for the 5 buying and selling days previous the date on which the Milestone Fee is achieved. The issuance of Milestone Shares is topic to prior Alternate Approval and the Management Individual Restrict (as outlined beneath). The settlement of the Useful resource Replace Milestone Fee by means of Milestone Shares can also be topic to the extra requirement that no Milestone Shares are issued at lower than $0.975 in accordance with Alternate insurance policies (which might lead to a most of 5,128,205 Milestone Shares). The settlement of the Business Manufacturing Milestone Fee by means of Milestone Shares is topic to any Alternate pricing guidelines in impact on the time of the appliance to the Alternate for approval.

American Pacific is prohibited from holding or exercising, whether or not individually or collectively with any Associates, Associates (as outlined in Alternate insurance policies), or different individuals, helpful possession of, or management or course over, straight or not directly, larger than 19.99% of the issued and excellent voting securities of the Firm (the “Management Individual Restrict“), calculated on a non-diluted foundation.

If the issuance of any Milestone Shares would lead to American Pacific turning into a Management Individual (as outlined in Alternate insurance policies) of the Firm, then, topic to the approval of the Alternate, the Firm will subject to American Pacific, in lieu of that portion of such Milestone Shares that may lead to American Pacific turning into a Management Individual of the Firm, an equal variety of non-transferable particular warrants within the capital of the Purchaser (the “Particular Warrants“). Every Particular Warrant might be exercisable into one frequent share of the Firm for no further consideration, topic to the Management Individual Restrict. The issuance of any frequent shares or Particular Warrants to American Pacific is topic to customary protecting covenants and American Pacific is not going to have any board nomination, data, anti-dilution, pre-emptive, top-up or participation rights. All Milestone Shares and Particular Warrants might be topic to a four-month and someday maintain interval. No Particular Warrants have been issued in reference to the closing of the Acquisition.

The Settlement additionally features a make-whole mechanism (the “Make-Complete Fee“) designed to compensate American Pacific if Milestone Shares to be issued for a Milestone Fee falls beneath a reference worth, entitling American Pacific to obtain money in cost as consideration an agreed make-whole interval of 180 days. To mitigate potential Firm cash-flow constraints, the Settlement additionally features a non-breach mechanism that enables any required Make-Complete Fee to be deferred for an additional 180 days till the Firm is ready to fund such cost (the “Deferred Make-Complete Quantity“), with out triggering a default. Quantities owing as a Deferred Make-Complete Quantity will grow to be an unsecured obligation of Vizsla Copper, bearing curiosity at a fee equal to the prime fee posted by the Financial institution of Canada plus 2% every year, calculated and paid month-to-month, till the expiration of 180 days, at which period the Deferred Make-Complete Quantity might be topic to an elevated rate of interest equal to the prime fee posted by the Financial institution of Canada plus 4% every year.

In reference to the Acquisition, the Firm assumed duty and granted an indemnity with respect to sure obligations arising from the acquisition settlement dated November 15, 2024 amongst American Pacific, Constantine North Inc. and Dowa Metals & Mining Alaska Ltd. The Firm additionally assumed cost obligations with respect to the beforehand leased camp on the Palmer Property, in an quantity to not exceed US$400,000.

The Acquisition was an arm’s size transaction. The Firm paid Agentis Capital Mining Companions, an arm’s size social gathering, a $500,000 success price in reference to the Acquisition.

Warning to US Traders

This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase any of the securities in the USA. The securities haven’t been and won’t be registered underneath the U.S. Securities Act or any state securities legal guidelines and will not be provided or offered inside the USA or to U.S. Individuals except registered underneath the U.S. Securities Act and relevant state securities legal guidelines or an exemption from such registration is obtainable.

Certified Individual

The technical content material of this information launch relating to the Palmer Mission has been reviewed and permitted by Peter Mercer, P.Geo., Vice President of Superior Initiatives for American Pacific, a certified particular person as outlined by Nationwide Instrument 43-101.

The technical content material of this information launch relating to Vizsla Copper’s properties has been reviewed and permitted by Christopher Leslie, Ph.D., P.Geo., Technical Advisor for Vizsla Copper, a certified particular person as outlined by Nationwide Instrument 43-101.

Notes

ABOUT Vizsla Copper

Vizsla Copper is a Cu-Au-Mo centered mineral exploration and improvement firm headquartered in Vancouver, Canada. The Firm is primarily centered on its Poplar and Woodjam tasks, properly located amongst vital infrastructure in Central and Southern British Columbia. The Firm’s progress technique is targeted on the exploration and improvement of its copper properties inside its portfolio along with worth accretive acquisitions. Vizsla Copper’s imaginative and prescient is to be a accountable copper explorer and developer within the steady mining jurisdiction of British Columbia, Canada and it’s dedicated to socially accountable exploration and improvement, working safely, ethically and with integrity.

Vizsla Copper is a spin-out of Vizsla Silver and is backed by Inventa Capital Corp., a premier funding group based in 2017 with the aim of discovering and funding alternatives within the useful resource sector. Further details about the Firm is obtainable on SEDAR+ (www.sedarplus.ca) and the Firm’s web site (www.vizslacopper.com).

Neither the Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the Alternate) accepts duty for the adequacy or accuracy of this launch.

FORWARD-LOOKING STATEMENTS

This information launch consists of sure statements and knowledge that represent forward-looking data throughout the which means of relevant Canadian securities legal guidelines. All statements on this information launch, aside from statements of historic details, are forward-looking statements. Such forward-looking statements and forward-looking data particularly embrace, however should not restricted to, statements that relate to the issuance of any Milestone Shares, the Issuance of any Particular Warrants, the cost of any Make-Complete Fee or Deferred Make-Complete Quantity the deliberate use of web proceeds of the Providing.

As properly, forward-looking Info might relate to: future outlook and anticipated occasions, the strategic imaginative and prescient for the Firm and expectations relating to exploration potential, and future monetary or working efficiency of Vizsla Copper; the success of the Firm and CMR in combining operations upon closing of the Acquisition; the anticipated advantages and impacts of the Acquisition or the Providing; use of proceeds from the Providing; the outcomes from work carried out up to now; the estimation of mineral sources and reserves; the belief of mineral useful resource and reserve estimates; the event, operational and financial outcomes of technical studies on mineral properties referenced herein; magnitude or high quality of mineral deposits; the anticipated development of the Firm’s mineral properties and challenge portfolios; exploration expenditures, prices and timing of the event of latest deposits; underground exploration potential; prices and timing of future exploration; the completion and timing of future improvement research; estimates of metallurgical restoration charges; exploration prospects of mineral properties; necessities for added capital; the long run worth of metals; authorities regulation of mining operations; environmental dangers; the timing and doable final result of pending regulatory issues; the belief of the anticipated economics of mineral properties; future progress potential of mineral properties; and future plans, projections, goals, estimates and forecasts and the timing associated thereto.

Statements contained on this launch that aren’t historic details, together with all statements relating to the deliberate completion of the Acquisition and the Concurrent Financing, are forward-looking statements that contain varied dangers and uncertainty affecting the enterprise of the Firm. Such statements can typically, however not all the time, be recognized by phrases resembling “adjoining”, “plans”, “prolific”, “focus”, “extension”, “supposed”, “advance”, “potential”, “alternative,” “affect”, “set up”, “suggest”, “strategic”, “necessary”, “plan”, “milestone”, “prime”, “success”, “undertake”, “present”, “preeminent”, “ponder”, “publicity”, “sturdy”, “transformation”, “symbolize”, “quite a few”, “accessible”, “intention”, “capacity”, “intend”, “establish”, “increase”, variants of those phrases and comparable expressions, or that occasions or situations “will”, “would”, “might”, “may” or “ought to” happen. All statements that describe the Firm’s plans regarding operations and potential strategic alternatives are forward-looking statements underneath relevant securities legal guidelines. These statements deal with future occasions and situations and are reliant on assumptions made by the Firm’s administration, and so contain inherent dangers and uncertainties, together with, the belief of advantages from the Acquisition and the Providing; permits, consents or authorizations required for mining actions, and materials delays in acquiring them; the absence of antagonistic situations at mineral properties; no unexpected operational delays; the worth of copper and different metals remaining at ranges that render mineral properties financial; the Firm’s capacity to proceed elevating crucial capital to finance operations; and the power to appreciate on any mineral useful resource and reserve estimates; the Firm’s capacity to finish its deliberate exploration applications; the absence of antagonistic situations at properties; no unexpected operational delays; the Firm’s capacity to proceed elevating crucial capital to finance operations; environmental laws or hazards and compliance with complicated laws related to mining actions; local weather change and local weather change laws; fluctuations in change charges; the enterprise goals of the Firm; whether or not financial mineralization might be outlined and, if it may be permitted for improvement; the uncertainty that any mineralization encountered on adjoining properties continues on to any of the Firm’s properties; the uncertainty that geological and/or geophysical and/or any developments, interpretations, or conclusions associated to adjoining properties have relevance to any of the Firm’s properties; the uncertainty that the exploration season might be prolonged; adjustments in challenge parameters as plans proceed to be refined; the implications and implications of the historic mining actions on the surroundings and whether or not such impacts the potential exploration and/or improvement of any mining operation the Firm’s properties; the implications of claims from First Nations, Tribes, Tribal Councils, Tribal Governments, Alaska Native Firms, Alaska Native Regional or Village Firms and land claims settlements on the Firm’s tasks; accidents, labour disputes and different dangers of the mining business, conclusions of financial evaluations; assembly varied anticipated price estimates; advantages of sure know-how utilization; future costs of metals; doable variations of mineral grade or restoration charges; geological, mining and exploration technical issues; failure of plant, gear or processes to function as anticipated; accidents, labour disputes and different dangers of the mining business; the speculative nature of mineral exploration and improvement; title to properties, such additional dangers as disclosed within the Firm’s filings with Canadian securities regulators and administration’s capacity to anticipate and handle the foregoing dangers and uncertainties. On account of these dangers and uncertainties, and the assumptions underlying the forward-looking data, precise outcomes may materially differ from these presently projected, and there’s no illustration by the Firm that the precise outcomes realized sooner or later would be the similar in entire or partly as these introduced herein. Readers are referred to the extra data relating to the Firm’s enterprise contained within the Firm’s filings with securities regulatory authorities in Canada on SEDAR+ (www.sedarplus.ca). Though the Firm has tried to establish necessary components that would trigger precise actions, occasions, or outcomes to vary materially from these described in forward-looking statements, there could also be different components that would trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. For extra data on the Firm and the dangers and challenges of its enterprise, buyers ought to evaluation the Firm’s filings which might be accessible on SEDAR+ at www.sedarplus.ca.

The Firm supplies no assurance that forward-looking statements and knowledge will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements or data. Accordingly, readers shouldn’t place undue reliance on forward-looking statements or data. The Firm doesn’t undertake to replace any forward-looking statements, aside from as required by legislation.

SOURCE Vizsla Copper Corp.

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