Independent Proxy Advisory Firms Recommend Shareholders Vote "FOR" the Proposed Plan of Arrangement with Elemental Royalty

About this update from Vizsla Royalties Corp

Vancouver, British Columbia--(Newsfile Corp. - June 29, 2026) - Vizsla Royalties Corp. (TSXV: VROY) (OTCQX: VROYF) ("Vizsla Royalties" or the "Company") is pleased to announce that independent proxy advisory firms, including Institutional Shareholder Services ("ISS"), have recommended shareholders vote "FOR" the proposed plan of arrangement involving the Company and Elemental Royalty Corporation (the "Arrangement"). ISS is an independent proxy advisory firm with approximately 3,400 clients, including many of the world's leading institutional investors who rely on ISS' objective and impartial analysis to make important voting decisions. The special meeting of shareholders of Vizsla Royalties to approve the proposed plan of arrangement with Elemental Royalty Corp. ("Elemental") is scheduled for July 10, 2026. Under the plan of arrangement, each shareholder of Vizsla Royalties is entitled to elect to receive, in respect of all, but not less than all, of such holder's common shares held: (i) C$4.13 in cash (the "Cash Consideration"); (ii) 0.15 of an Elemental common share (the "Share Consideration"); or (iii) C$1.03 in cash and 0.1125 of an Elemental common share (the "Combination Consideration"), subject to the maximum aggregate cash consideration available under the Arrangement and the proration provisions described in the information circular. Independent Third-Party Proxy Advisory Recommendations ISS stated: "Vote FOR this resolution. The strategic rationale is sound, and shareholders are being offered cash and stock (subject to proration) at a premium. Shareholders who elect to receive stock are expected to benefit from a more diversified, scaled entity, with increased liquidity, a strong financial position, and further re-rating opportunity." Vizsla Royalties Chief Executive Officer, Michael Pettingell, commented: "We wish to thank all of the shareholders that have voted. The Company's focus is to create value for shareholders and provide long-term exposure to the world's largest, high-grade silver primary resource at Panuco and this Arrangement achieves that. The recommendations from the advisory firms to vote "FOR" the Arrangement also confirms that this is a strategic benefit for shareholders.

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