Vizsla Copper Completes Acquisition of Universal Copper - Seite 2

Clive Massey, President and CEO of Universal Copper, stated: "We are thrilled to mark the completion of this transformative arrangement with Vizsla Copper, a milestone that not only enhances value for our shareholders but also strengthens our market position. This merger is a strategic alignment of our assets and visions, designed to accelerate growth and capitalize on our synergies. The overwhelming support from our shareholders reflects their confidence in the potential of this combined entity to lead and innovate in the copper industry."

Following the completion of the Arrangement, there are 181,375,021 issued and outstanding Vizsla Copper Shares.

For additional details regarding the Arrangement see Universal Copper's management information circular dated March 5, 2024, a copy of which can be found under the Universal Copper's profile on SEDAR+ at www.sedarplus.ca.

The UNV Shares are expected to be de-listed from the TSX Venture Exchange effective as of the close of business on or about April 19, 2024. Vizsla Copper also intends to submit an application to the applicable securities regulators to have Universal Copper cease to be a reporting issuer and terminate its public reporting obligations.

Action Required by Universal Copper Shareholders

Registered shareholders of Universal Copper are reminded to submit a duly completed letter of transmittal and, as applicable, the certificate(s) and/or DRS advice(s) representing their UNV Shares to Computershare Investor Services Inc.

Early Warning Reporting

By virtue of its acquisition of all the issued and outstanding UNV Shares pursuant to the Arrangement, Vizsla Copper is required to file an early warning report pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the early warning report will be filed on Universal Copper's SEDAR+ profile at www.sedarplus.ca.

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

About Vizsla Copper

Vizsla Copper is a Cu-Au-Mo focused mineral exploration and development company headquartered in Vancouver, Canada. Vizsla Copper is primarily focused on its flagship Woodjam project, located within the prolific Quesnel Terrane, 55 kilometers east of the community of Williams Lake, British Columbia. It has three additional copper exploration properties: Copperview, Redgold and Carruthers Pass, all well situated amongst significant infrastructure in British Columbia. Vizsla Copper's growth strategy is focused on the exploration and development of its copper properties within its portfolio in addition to value accretive acquisitions. Vizsla Copper's vision is to be a responsible copper explorer and developer in the stable mining jurisdiction of British Columbia, Canada and it is committed to socially responsible exploration and development, working safely, ethically and with integrity.