Vizsla Copper Receives Letter of Support from Alaska Governor and Outlines 2026 Exploration Plans at the Palmer Project

The most recent news release (2026-01-27) contains three main items: 1. Political Endorsement: The company received a formal letter of support from Alaska Governor Mike Dunleavy for the Palmer Project, recognizing its strategic importance for state and national critical mineral objectives. 2. 2026 Exploration Plans for Palmer: Outlined plans for up to 10,000 metres of diamond drilling at the Palmer Project in Alaska. Technical work includes a geological model rebuild, inclusion of barite in future resource estimates, and evaluation of additional critical minerals (cobalt, germanium, gallium). 3. Marketing Agreement: The company entered into a C$600,000 digital marketing services agreement with Machai Capital Inc. for a 6-month term, paid up front.

The news is a Routine - Positive operational update with no material impact on the company's fundamental value or near-term prospects. * Governor's Letter: While a positive signal for long-term social license and permitting, it is a non-binding political endorsement that does not alter the project's technical or economic fundamentals. It does not guarantee permits or eliminate future regulatory hurdles. * Exploration Plans: The 2026 plans for Palmer are as expected following the project's acquisition in December 2025. The announcement confirms the company is progressing with integration and planning but provides no new data, resource updates, or drill results. The scale of the program (10,000m) is typical for an advanced exploration project. * Marketing Spend: The C$600,000 marketing contract, paid upfront, is a significant cash outflow for a company with a critically low treasury. As of October 31, 2025, the company held only C$276,894 in cash. This expenditure, authorized before the release of updated financials post-the C$44 million financing, highlights questionable capital allocation priorities given the imminent need for exploration funding.

Vizsla Copper is a Canadian junior exploration company focused on copper and critical minerals in North America. Its project portfolio has transformed with the recent acquisition. * Flagship Project (New): Palmer Project (Alaska, USA) – Acquired in December 2025. A high-grade Volcanogenic Massive Sulphide (VMS) project with an existing resource: * Indicated: 4.77 Mt @ 1.69% Cu, 5.17% Zn, 28.4 g/t Ag, 0.29 g/t Au. * Inferred: 12.0 Mt @ 0.57% Cu, 3.92% Zn, 66.3 g/t Ag, 0.33 g/t Au. * Also contains barite and critical minerals (Co, Ge, Ga) potential. The company owns 100%, subject to milestone payments. * Key Exploration Project: Poplar Project (BC, Canada) – Hosts the new Thira porphyry copper-molybdenum discovery (made in July 2025). Mineralization is near-surface and open in all directions. An aggressive 8,000m winter drill program is set for Q1 2026. * Other Assets: Includes the Woodjam, Copperview, and Redgold projects in British Columbia.