Dear Investor,

I think this will be one of the most aggressive exploration campaigns by a junior in Mexico in 2020.

We still think silver is undervalued and leverage is obtained through the mining sector. Although speculative this company is new, which means no disgruntled shareholders exist.

Note for US readers the pink sheet symbol is:  VIZSF.

We went over our thoughts on Mexico for paid members recently and I personally added that I have not sold any holdings in Mexico.

Wish you health above wealth,

David Morgan
 

View This News Release Online
FOR IMMEDIATE RELEASE
January 16th, 2020

VIZSLA DISCOVERS A NEW VEIN WITH 557 GRAM PER TONNE SILVER EQUIVALENT ACROSS 3.4 METRES AT PANUCO PROJECT IN MEXICO

Vancouver, British Columbia (January 16, 2020) - Vizsla Resources Corp. (TSX-V: VZLA) ("Vizsla" or the "Company") is pleased to announce the Company's aggressive exploration program has defined a new discovery, the Paloma Vein, at the Panuco precious metals district in Sinaloa, Mexico. Mapping and sampling have revealed outcropping mineralization over the 500 metre long vein.

Sampling Highlights

• 557 g/t silver equivalent (311.7 g/t silver and 3.07 g/t gold) over 3.4 metres including;
   
• 948 g/t silver equivalent (514.5 g/t silver and 5.43 g/t gold) over 1.8 metres

Note: All numbers are rounded. Silver equivalent (Ageq) is calculated by multiplying the gold grade by 80 and adding it to the silver grade. This calculation estimates 100% recovery of both metals. Widths are estimated to represent true widths.

"Discovering an entirely new vein that has never previously been mapped, sampled or historically mined indicates the exploration potential that exists within the Panuco district" Vice President of Exploration, Charles Funk commented, "The vein was first recognised in November as the mapping program extended north and infill sampling in late December revealed mineralization over 500 metres of strike. The Company is planning to drill the newly found Paloma vein in late January/early February as one of the now twenty targets that will be drilled during an aggressive exploration program throughout 2020."

The Paloma vein was found along the Old Panuco Road during detailed mapping of the northern Animas vein corridor. A road cut was sampled that contained crystalline quartz with disseminated argentite and pyrite hosted within a strongly weathered, demagnetised diorite unit. The vein has been tracked along strike with further outcrops in additional road cuts and creeks defining a 500 metre long vein that varies from 0.5-1.9 metres wide with mineralized widths up to 3.4 metres with associated stockwork adjacent to the vein. The vein has a subvertical dip and is postulated to be a hangingwall structure that will intersect the southwesterly dipping Animas vein at depth. Testing beneath outcropping mineralization, the deeper vein intersection and the intersections of the Paloma vein with northeast trending veins represent excellent targets for drilling.

Sampling results along the Paloma Vein

Table 1: Channel sample results from the Paloma veins at Panuco. Silver equivalent (Ageq) is calculated by multiplying the gold grade by 80 and adding it to the silver grade. This calculation estimates 100% recovery of both metals. Widths are estimated to represent true widths.

Figure 1: Plan map showing locations of Paloma Vein samples and surface sample results

About the Panuco project

Vizsla has an option to acquire 100% of the newly-consolidated 9,386.5 Ha Panuco district in southern Sinaloa, Mexico, in the Municipio of Concordia. The option allows for the acquisition of a mill, mines, tailings facilities, roads, power and permits.

The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara Formation.

[Vizsla Corporate Presentation January 2020]

Qualified Person

The scientific and technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved on behalf of the Company by Michelle Robinson, MASc. P.Eng. a Qualified Person as defined by NI 43-101 (the "Qualified Person"). Rock samples discussed in this News Release were cut across oriented structures using a hammer and chisel onto a drop-bag. On the drop-bag, samples were crushed to about minus 1 inch between a pair of rock hammers, then rolled and quartered. Two to four kg of roughly homogenized material was collected in a double-plastic bag with the sample tag between bags with the number facing outwards. The bags were then sealed with zip ties. Information including the strike and dip of any structure (right-hand rule), width in decimeters, host rock type and alteration minerals/assemblages were recorded. If significant quartz textures and/or sulfides were present, these were noted. Maximum sample width was 1.5 meters. The samples were packed into rice bags and control samples including field duplicates, pulp duplicates, standard reference pulps and blanks were inserted into the sample stream. The samples were stored in a secure building in Concordia until enough samples were collected to form a batch. When a batch was prepared and tagged for shipping, these were sent via a commercial courier to the ALS sample preparation laboratory in Zacatecas. It is the opinion of the Qualified Person that the sampling methods, preparation and security are adequate.

ALS has a quality management system that meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. At ALS, samples were dried, weighed and logged in, then crushed to 70% passing -2 mm. The sample was then split, and 250 grams were crushed until more than 85% was smaller than 75 microns. Prepared pulps were sent to the laboratory in North Vancouver, Canada for analysis. A 30 gram charge of the pulp was analyzed for gold using a fire assay with an AAS finish (Au-AA23). Detection limits for this method are between 0.005 ppm and 10 ppm. Samples with more than 10 ppm gold were re-assayed using a gravimetric finish (Au-GRA21). Other elements and silver were analyzed using a 0.25 gram charge of pulp digested in 4 acids (ME-ICP61). This method measures silver values between 0.5 and 100 ppm, and base metals between 2 and 10000 ppm. Samples with more than 100 ppm silver, or more than 10000 ppm Cu, Pb or Zn were reanalyzed using four acid overlimit methods (OG62). This method has an upper limit of 1500 ppm for silver. Samples with more than 1500 ppm Ag are re-analyzed using a fire assay of 30 grams of pulp with a gravimetric finish (Ag-GRA21). It is the Qualified Person's opinion that the analytical procedures used are adequate.

The Qualified Person has checked the blank analyses and certified that no contamination between samples has occurred. Most gold and silver analyses from the standard pulps are within one standard deviation of the mean value, and all are within two standard deviations of the mean value. It is the Qualified Person's opinion that the accuracy of the laboratory analyses is adequate. Analyses of field and pulp duplicates are mostly within 10%, but some show a larger variation due to the "nugget effect", a phenomenon where a very small particle of precious metal-rich material can create a large variance in the assay result.

The Company has granted a total of 105,000 stock options to employees under the Company's stock option plan with an exercise price of $0.72 per share, exercisable for a period of five years from the date of the grant and are subject to the policies of the TSX Venture Exchange.

Contact Information: For more information and to sign-up to the mailing list, please contact:

Michael Konnert, President and Chief Executive Officer

Tel: (604) 838-4327

Email: michael@vizslaresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS/span>