Vizsla Copper Boosts Non-Brokered Private Placement to $2.5 Million

Vizsla Copper Announces Upsize of Non-Brokered Private Placement from $1.5 Million to $2.5 Million

VANCOUVER, BC, May 21, 2021 – Vizsla Copper Corp. (TSXV: VIZ) (OTCQB: VIZSF) (FSE: 0G3) (Vizsla Copper or the Company) is pleased to announce that it has increased the size of its previously announced non-brokered private placement, due to strong investor demand. The private placement will now consist of up to 6,944,444 units at a price of $0.36 per unit for gross proceeds of up to $2.5 million.

Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.52 for a period of 24 months following the closing of the private placement.

The Company intends to use the proceeds from the private placement for exploration expenditures at the Papomono Masl and Central projects in southern Peru, as well as for working capital and general corporate purposes.

Vizsla Copper remains focused on advancing its projects in Peru and is well-positioned to leverage the increased proceeds from the private placement to further explore and develop its properties. The Company’s management team has a strong track record of successful exploration and development in the region, which positions Vizsla Copper for future success.

Investors are encouraged by the opportunity to participate in Vizsla Copper’s continued growth and development, as reflected in the strong demand that led to the upsize of the private placement. With a strategic focus on exploring and developing its projects in Peru, Vizsla Copper is poised to create long-term value for its shareholders.

Vizsla Copper’s decision to increase the size of the private placement demonstrates confidence in the Company’s ability to execute its exploration and development strategies. By securing additional funds, Vizsla Copper can accelerate its exploration efforts and advance its projects towards production.

In conclusion, Vizsla Copper’s announcement of the upsize of its non-brokered private placement from $1.5 million to $2.5 million is a strong indicator of the Company’s commitment to advancing its projects in Peru. With a seasoned management team and a clear strategy in place, Vizsla Copper is well-positioned for future success in the mining sector. Investors have shown strong interest in the Company’s growth prospects, paving the way for continued exploration and development activities in the region.