Vista Gold

DENVER, Dec. 6, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) ("Vista" ) is pleased to provide an update of activities at its Mt. Todd gold project in Northern Territory, Australia, and Guadalupe de los Reyes gold-silver project in Sinaloa, Mexico.

Mt. Todd Feasibility Study

Vista now expects to complete a feasibility study for the Mt. Todd gold project in the first quarter of 2012 and will announce the results as soon as they are available. Recently completed metallurgical testing has resulted in further process improvement and optimization. Additional metallurgical testing is being undertaken to assess the recovery and economic results of the newly optimized operating parameters on a series of samples representative of the Mt. Todd deposit.

Vista's President and COO, Fred Earnest, commented, "We have long understood the importance of the hardness of the Mt. Todd ore and have been very thorough in determining the most effective and efficient process flow sheet.  High pressure grinding roll (HPGR) tests completed by Polysius (one of the leading manufacturers of HPGR crushers) in Germany have confirmed the positive results of our previous testwork. Many of the principal parts of the feasibility study are now complete and the additional metallurgical testing, which we hope will have positive results, has caused a minor delay in the completion of the feasibility study. We are committed to delivering a feasibility study of the highest quality and feel that additional testwork at this late stage will add value and provide a greater degree of confidence with respect to recovery and processing costs."

Mt. Todd Core Drilling

Vista currently has two core rigs drilling at the Batman deposit.  As announced on November 7, 2011, Vista is undertaking a 8,500 meter program with the goal of re-classifying part of the estimated inferred resources lying close to or within the limits of the feasibility study pit shape to measured and indicated resources.  As of this date 1,585 meters have been drilled in 3 drill holes.  This drilling program is expected to continue through the first quarter of 2012.

Mr. Earnest explained, "As follow-up to the ongoing feasibility study, we used the study's ultimate pit design parameters to design an economic pit shape that incorporated both the current measured and indicated resource estimates, as well as, the inferred resource estimate described in our September 6, 2011 press release.  We hope that the new drilling will result in a significant reclassification of estimated inferred resources within the economic pit shape to estimated measured and indicated resources.  Following completion of the drilling program, we plan to complete new resource and reserve estimates for the Batman deposit."

Exploration Drilling at Guadalupe de los Reyes

Drilling at the Guadalupe de los Reyes gold-silver project is progressing well.  As previously announced, this program is designed to accomplish two objectives:  1) obtain core for metallurgical testing from the stockwork portion of the deposits that is the host for the project's currently reported estimated mineral resources, and 2) test the potential for high gold grades and bonanza silver grades in the underlying low-sulfidation epithermal vein systems.  Thus far, a total of 1,118 meters have been drilled in 8 diamond core holes.  Core from the first 6 holes has been logged, cut and shipped to ALS Chemex in Hermosillo, Mexico, for sample preparation.  Vista expects to announce the first assay results in the first quarter 2012.

Vista's VP of Exploration, Frank Fenne, commented, "Each of the drill holes completed to date has intersected the stockwork or low-sulfidation epithermal vein style mineralization that we expected.  We have completed the initial drill holes designed to obtain core for metallurgical testing and have completed our Phase I drilling on the Guadalupe West vein and have initiated drilling on the Laija vein.  We plan to test the Zapote, Noche Buena and San Miguel vein systems prior to the completion of this program. Drilling will be suspended on December 16, 2011 for the holidays and is planned to resume on January 9, 2012."

About Vista Gold Corp.

Vista is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer.  After the initial public offering of the common shares of Midas Gold Corp. ("Midas"), Vista holds approximately 30% of Midas' common shares, which has a large exploration property in Idaho, including the Yellow Pine property previously held by Vista. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia and the Long Valley gold project in California.  For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com. 

Cautionary Note to U.S. Investors Concerning Estimates of Resources and Reserves

This press release and the reports referred to in this press release use the terms "measured resources," "indicated resources," "measured & indicated resources" and "inferred resources."  We advise U.S. investors that while these terms are Canadian mining terms as defined in accordance with Canadian National Instrument 43-101 ("NI 43-101") – Standards of Disclosure for Mineral Projects and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Standards"), such definitions differ from the definitions in U.S. Securities and Exchange Commission ("SEC") Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures.  "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 reserves.

This press release and the reports referred to in this press release use the terms "proven and probable reserves" and "mineral reserves." We advise U.S. investors that while these terms are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Standards, such definitions differ from the definitions in SEC Industry Guide 7.  Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.  U.S. investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into SEC Industry Guide 7 reserves.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as estimates of mineral reserves and resources, the timing, completion and announcement of a Feasibility Study at the Mt. Todd gold project, the timing and results of metallurgical testing at the Mt. Todd gold project, the conversion of inferred resources to measured and indicated resources, location of inferred resources at the Mt. Todd gold project, timing and completion of the drilling program at the Mt. Todd gold project, potential growth of proven and probable reserves, timing and completion of an updated resource and reserve estimate at the Mt. Todd gold project, the anticipated timing and completion of assay results from drilling at the Guadalupe de los Reyes gold-silver project and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will," "if," "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of reserve and resource estimates, estimates of results based on such reserve and resource and reserve estimates; risks relating to scheduling for a feasibility study; risks that mineral reserve and resource estimate will not be confirmed by a new feasibility study; risks that a new feasibility study will contain other risk factors important to investors; risks relating to cost increases for capital and operating costs including cost of power; risks relating to delays at the Mt. Todd gold project; risks related to delays in the timing and completion of the Mt. Todd drill program; risks related to the timing and completion of the Feasibility Study at the Mt. Todd gold project; risks related to the timing and results of metallurgical testing at the Mt. Todd gold project;  risks related to timing, completion and results of the assays at the Guadalupe de los Reyes gold-silver project; risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; as well as those factors discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and Quarterly Report on Form 10-Q, as filed November 9, 2011, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities commissions.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185.

SOURCE Vista Gold Corp.

DENVER, Nov. 10, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex: VGZ) ("Vista" or the "Corporation") announced today its financial results for the third quarter and nine months ended September 30, 2011, as filed yesterday with the United States Securities and Exchange Commission (the "SEC")  and the relevant securities regulatory authorities in Canada, in the Corporation's Quarterly Report on Form 10-Q, and announced that a management quarterly conference call is scheduled for Monday, November 14, 2011 at 10:00 a.m. MST.

Recent Highlights

The fair value of the Corporation's investment in Midas Gold Corp. ("Midas") was estimated at $110.3 million at September 30, 2011, an increase of $27.8 million for the three months then ended; and
Vista remains debt free and has $27 million in cash at September 30, 2011.

We reported net income of $10.7 million, or $0.15 per share ($0.15 per share on a fully diluted basis), for the three months ended September 30, 2011.  This is compared to a net loss of $4.1 million, or $0.09 per share ($0.09 per share on a fully diluted basis), for the same period in 2010.  These improved results for the three months ended September 30, 2011 are primarily attributable to the unrealized gain of approximately $27.8 million that we recognized for the increase in the estimated fair value of our investment in Midas.  The value of our investment in Midas is estimated based on quoted market prices of Midas shares, discounted to the extent considered necessary to account for the regulatory holding period applicable to those shares.  This increase in fair value was partially offset by approximately $10.0 million in deferred tax expense and increases in exploration, property evaluation and holding costs of $2.5 million and corporate administration and investor relations expenses of $0.5 million.  The increase in exploration, property evaluation and holding costs was primarily due to increases in expenses of $3.0 million associated with the feasibility study that we are currently undertaking at our Mt. Todd gold project, which was partially offset by a decrease in expenses of $0.7 million at our Concordia gold project.

Year-to-date, we reported net income of $54.6 million, or $0.81 per share ($0.80 per share on a fully diluted basis), compared to a net loss of $14.8 million, or $0.32 per share ($0.32 per share on a fully diluted basis), for the nine months ended September 30, 2010.  Results for the nine months ended September 30, 2011 benefited from the unrealized gain of approximately $77.8 million that we recognized upon the completion of the combination (the "Combination") of Vista's and Midas Gold, Inc.'s assets in the Yellow Pine-Stibnite District in Idaho and the increase in the estimated fair value of our investment in Midas of $27.8 million.  These increases in our net income were partially offset by the $33.5 million increase in deferred tax expense and increases in exploration, property evaluation and holding costs of $3.7 million, which were incurred for the feasibility study being undertaken at our Mt. Todd gold project.

Our balance sheet at September 30, 2011 benefited from our investment in Midas, which was recorded at a fair value estimated at $110.2 million on that date.  This increase was offset by the net deferred tax liability of about $33.5 million associated with unrealized gains that we recognized upon the Combination and for the increase in the estimated fair value of our investment in Midas.  Our cash and cash equivalents were primarily impacted by the repayment of $23.0 million in convertible notes on March 4, 2011, the approximate $29 million we raised on April 20, 2011 in our public offering of 9,000,000 shares of our common stock, the cash we invested in Midas of $3.6 million and the cash we used in operating activities of $16.0 million.

The following table summarizes selected financial data of Vista.  To review the Corporation's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2011, including the related Management's Discussion & Analysis, visit any of the following websites:  www.sedar.com, www.sec.gov or www.vistagold.com.  

All dollar amounts in the following table are in thousands of United States dollars, except per share data.

Management Conference Call

A conference call with management to review our financial results for the quarter ended September 30, 2011 and to discuss corporate and project activities is scheduled for Monday, November 14, 2011 at 10:00 a.m. MST.

Toll-free in North America:  1-866-443-4188
International:  1-416-849-6196

This call will also be web-cast and can be accessed at the following web location:  http://www.snwebcastcenter.com/event/?event_id=2051

This call will be archived and available at www.vistagold.com after November 14, 2011.  Audio replay will be available for three weeks by calling in North America:  1-866-245-6755, passcode 198473.

If you are unable to access the audio or phone-in on the day of the conference call, please feel free to email questions to Connie Martinez, Manager - Investor Relations, (email: This email address is being protected from spambots. You need JavaScript enabled to view it.), and we will try to address these questions prior to or during the conference call.

About Vista Gold Corp.

Vista is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer.  After the initial public offering of the common shares of Midas, Vista holds approximately 30% of Midas' common shares, which has a large exploration property in Idaho, including the Yellow Pine property previously held by Vista. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia and the Long Valley gold project in California.  For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.  

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as estimates of mineral reserves, the value of our investment in Midas, our development of our Mt. Todd gold project and Concordia gold project, our goal of becoming a gold producer and other matters are forward-looking statements and forward-looking information.  When used in this press release, the words "potential", "indicate", "expect", "intend", "hopes", "believe", "may", "will", "if", "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of resource and reserve estimates, risks relating to cost increases for capital and operating costs, risks related to the ability to obtain the necessary permits, risks of shortages and fluctuating costs of equipment or supplies, risks relating to fluctuations in the price of gold, the inherently hazardous nature of mining-related activities, potential effects on Vista's operations of environmental regulations in the countries in which it operates, risks due to legal proceedings, risks relating to political and economic instability in certain countries in which it operates, risks related to the future value of Vista's Midas shares (including Vista's lack of involvement in the business of Midas and all risks associated with Midas' business) and uncertainty of being able to raise capital on favorable terms or at all, as well as those factors discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, as well as in its quarterly report filed on Form 10-Q for the quarterly period ended September 30, 2011 as filed on November 9, 2011, and other documents filed with the SEC and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185.

SOURCE Vista Gold Corp.

DENVER, Nov. 7, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities:  VGZ) ("Vista" or the "Corporation") is pleased to announce the appointment of Tim Barnett as VP Project Development.  Vista also announced an additional core drilling program at its Mt. Todd gold project in Northern Territory, Australia, and the start of exploration core drilling at its Guadalupe de los Reyes gold-silver project in Sinaloa, Mexico.

Appointment of Tim Barnett as VP Project Development

Mr. Barnett is a metallurgist with over 30 years of experience in the mining industry.  He started his career in process plant operations and has worked for the last 15 years in project construction, construction management and process plant commissioning.  He has had direct involvement in the following projects: Mulatos and El Sauzal gold projects in Mexico, Phoenix gold project in Nevada, Kensington gold project in Alaska, San Bartolome gold-silver and San Cristobal silver projects in Bolivia, Tintaya copper project in Peru, Bingham Canyon copper project in Utah, and the Whyalla and Skardon River projects in Australia.  Mr. Barnett will initially be based in Vista's corporate headquarters in Littleton, Colorado.

Fred Earnest, Vista's President and COO, commented, "Tim Barnett brings a wealth of metallurgical and project development experience to Vista.  Tim's immediate responsibility is the completion of the process engineering and related studies as part of the ongoing Mt. Todd feasibility study.  In addition to Tim's appointment, Vista has recently hired an engineering manager for its Mt. Todd gold project and earlier this year Vista hired an environmental manager for its Mt. Todd gold project - both positions are resident in Australia.  We believe these personnel additions significantly strengthen our team as we work to accelerate the development of the Mt. Todd gold project."

Additional Core Drilling at Mt. Todd Gold Project's Batman Deposit, Australia

With the onset of the rainy season at Mt. Todd, Vista has now wrapped up its field exploration program on the Mt. Todd exploration licenses, and has retained the two core drill rigs for additional resource drilling at the Batman deposit.  Reviews of the geologic information generated by the most recently completed drilling program at the Batman deposit and the geologic model which was the base for the latest resource estimate, announced on September 6, 2011 (available on SEDAR - www.sedar.com), have identified a number of areas of estimated inferred resources lying close to or within the currently proposed mine designs.  Vista plans to use the core drill rigs to complete an 8,500 meter drilling program at the Batman deposit.  The goal of the planned drilling is to obtain additional sample information in the areas of the estimated inferred resources to determine if they can be converted to measured and indicated resource estimates.  Mr. Earnest added, "As the feasibility study has progressed, we have identified new opportunities to expand our measured and indicated resource estimates and are hopeful that this will result in further growth of the estimated proven and probable reserves for this important project."

Commencement of Exploration Drilling at Guadalupe de los Reyes, Mexico

On October 25, 2011, Vista received the permits for its planned drilling program at its Guadalupe de los Reyes gold-silver project in Sinaloa, Mexico.  Vista is pleased to announce that drilling on a 12-hole core program has started.  This program is designed to accomplish two objectives:  1) obtain core for metallurgical testing from the stockwork that is the host for the project's current reported estimated mineral resources, and 2) test the potential for high gold grades and bonanza silver grades in the underlying low-sulfidation epithermal vein systems.  Mr. Earnest commented, "Historical production in the district and the data from the only deep holes available to us suggest that the district is host to a system of low-sulfidation epithermal veins with the potential for much higher gold and silver grades than those found in the near-surface stockwork systems.  If this initial core drilling program is successful, we intend to undertake a more comprehensive drilling program which would start in early 2012.  At this time, I am also pleased to announce that we will be initiating work to complete a preliminary economic assessment based on the presently defined open-pit resource in the first half of 2012."

About Vista Gold Corp.

Vista is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer.  After the initial public offering of the common shares of Midas, Vista holds approximately 30% of Midas' common shares, which has a large exploration property in Idaho, including the Yellow Pine property previously held by Vista. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia and the Long Valley gold project in California.  For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.  

Cautionary Note to U.S. Investors Concerning Estimates of Resources and Reserves

This press release and the reports referred to in this press release use the terms "measured resources," "indicated resources," "measured & indicated resources" and "inferred resources."  We advise U.S. investors that while these terms are Canadian mining terms as defined in accordance with Canadian National Instrument 43-101 ("NI 43-101") – Standards of Disclosure for Mineral Projects and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Standards"), such definitions differ from the definitions in U.S. Securities and Exchange Commission ("SEC") Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures.  "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 reserves.

This press release and the reports referred to in this press release use the terms "proven and probable reserves" and "mineral reserves." We advise U.S. investors that while these terms are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Standards, such definitions differ from the definitions in SEC Industry Guide 7.  Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.  U.S. investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into SEC Industry Guide 7 reserves.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as estimates of mineral reserves and resources, the timing and completion of a Feasibility Study at the Mt. Todd gold project, the conversion of mineral resources to mineral reserves, estimates and location of inferred resources at the Mt. Todd gold project, the potential use of core drill rigs and the planned drilling program at the Mt. Todd gold project, opportunities to expand measured and indicated resource estimates, potential growth of proven and probable reserves, the potential for higher gold and silver grades at the Guadalupe de los Reyes gold-silver project, the anticipated timing and completion of a preliminary economic assessment at the Guadalupe de los Reyes gold-silver project, the anticipated timing and completion of a comprehensive drill program at the Guadalupe de los Reyes gold-silver project and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will," "if," "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of reserve and resource estimates, estimates of results based on such reserve and resource and reserve estimates; risks relating to scheduling for a feasibility study; risks that mineral reserve and resource estimate will not be confirmed by a new feasibility study; risks that a new feasibility study will contain other risk factors important to investors; risks relating to cost increases for capital and operating costs including cost of power; risks relating to delays at the Mt. Todd gold project; risks related to delays in the timing and completion of the Mt. Todd drill program, risks related to timing, completion and results of the preliminary economic assessment at Guadalupe de los Reyes gold-silver project; risks related to timing and completion of the drilling program at Guadalupe de los Reyes gold-silver project; risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; as well as those factors discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and Quarterly Report on Form 10-Q, as filed August 9, 2011 and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities commissions.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185.

SOURCE Vista Gold Corp.

DENVER, Oct. 7, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities:  VGZ) ("Vista" or the "Company") would like to clarify its disclosure in a presentation (the "Prior Presentation") made at the Denver Gold Forum in Colorado Springs, Colorado, and previously available on the Company's website.  Certain disclosure was not compliant with sections 2.2(a), 2.2(c), and 3.4 of Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") because it aggregated measured and indicated resources with inferred resources and did not provide required supporting information and cautionary language.  In addition, the Prior Presentation contained certain disclosure that was not compliant with section 2.3(1)(a) of NI 43-101 because it disclosed the potential mineral content of a deposit without the disclosure required by section 2.3(2) of NI 43-101.  Also, non NI 43-101 compliant disclosure of an estimate of gross metal value was included in the Prior Presentation.  The Prior Presentation did not state the name and relationship to the Company of each qualified person responsible for preparing the technical information disclosed in the Prior Presentation as required by section 3.1 of NI 43-101.  A new corporate presentation dated October 2011 (the "Corporate Presentation") is available on the Company's website, which does not contain the non-compliant disclosure.

In the interest of complete disclosure and to avoid any possible confusion, Vista presents below its current estimated mineral resources and reserves for all of its projects.

The foregoing estimated mineral reserves are included in the estimated mineral resources disclosed in this press release.

Independent qualified persons (as defined in NI 43-101) prepared or supervised the preparation of the mineral resource estimates contained in this press release.  For additional information on these mineral resource estimates and our projects, see the following press release and technical reports, each of which is available on SEDAR and on the Company's website:

The Company's press release dated September 6, 2011,  setting out an updated mineral resource estimate on our Mt. Todd Gold Project, which was prepared by or under the supervision of Dr. Rex Bryan, SME Registered Member, an independent qualified person (as defined in NI 43-101). We expect to file a NI 43-101 the supporting technical report by October 20, 2011, which will be available on SEDAR and on our website;
"10.65 MTPY Preliminary Feasibility Study, NI 43-101 Technical Report, Vista Gold Corp., Mt. Todd Gold Project, Northern Territory, Australia," dated January 28, 2011, prepared by or under the supervision of John W. Rozelle, D. Erik Spiller, Stephen A. Krajewski, and Edwin C. Lips of Tetra Tech MM, Inc., Thomas L. Dyer, Mine Development Associates and Deepak Malhotra, Resource Development Inc., each an independent qualified person (as defined in NI 43-101);
"Preliminary Feasibility Study, NI 43-101 Technical Report, Vista Gold Corp., Mt. Todd Gold Project, Northern Territory, Australia," dated October 1, 2010, prepared by or under the supervision of John Rozelle, D. Erik Spiller, Stephen A. Krajewski, and Edwin C. Lips of Tetra Tech MM, Inc., Thomas L. Dyer, Mine Development Associates and Deepak Malhotra, Resource Development Inc., each at the time of the preparation of the report, an independent qualified person (as defined in NI 43-101);
"Feasibility Study Update, NI 43-101 Technical Report, Vista Gold Corp., Paredones Amarillos Gold Project, Baja California Sur, Mexico," dated September 1, 2009 prepared by or under the supervision of Terry Braun of SRK Consulting (US), Inc., Steven Ristorcelli and Thomas Dyer of Mine Development Associates, Deepak Malhotra of Resource Development Inc. and David Kidd of Golder Associates Inc., each an independent qualified person (as defined in NI 43-101);
"Technical Report for the Guadalupe de los Reyes Gold-Silver Project, Sinaloa, Mexico," dated August 12, 2009 and amended and restated on December 11, 2009 prepared by or under the supervision of Leonel Lopez of Pincock, Allen & Holt, an independent qualified person (as defined in NI 43-101);
"Technical Report, Preliminary Assessment, Long Valley Project, Mono County, California, USA," dated January 9, 2008 prepared by or under the supervision of Neil Prenn and Thomas Dyer of Mine Development Associates, and Deepak Malhotra of Resource Development Inc., each an independent qualified person (as defined in NI 43-101); and
"Preliminary Assessment, Awak Mas Gold Project, Sulawesi, Indonesia," dated January 16, 2008 prepared by or under the supervision of John Rozelle, of Gustavson Associates, LLC, at the time of the preparation of the report, an independent qualified person (as defined in NI 43-101).

Retraction of Previous Presentation:  The Company has withdrawn the Prior Presentation from the website and has replaced it with the Corporate Presentation, disclosing the Company's estimated mineral resources and reserves compliant with NI 43-101.

Cautionary Note Regarding Public Disclosure:  In those instances where the Company has retracted, revised, clarified or updated previous disclosure, the Company advises the recipients of such disclosure not to rely on such statements to the extent that they may continue to be found in the public domain.

The technical information contained in this news release has been reviewed and approved by Vista's Vice President of Exploration, Mr. Frank Fenne P.G., who is a qualified person (as defined in NI 43-101).

About Vista Gold Corp.

Vista is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer.  After the initial public offering of the common shares of Midas, Vista holds approximately 30% of Midas' common shares, which has a large exploration property in Idaho, including the Yellow Pine property previously held by Vista. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia and the Long Valley gold project in California.  For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

Forward-Looking Statement

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as estimates of mineral resources and reserves, the timing and completion of an updated technical report, the high in situ potential value of resources at the Guadalupe de los Reyes project, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic", "potential", "indicate", "expect", "intend", "hopes," "believe," "may," "will," "if, "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of resource and reserve estimates, estimates of results based on such resource and reserve estimates; risks relating to scheduling for a technical study; risks that a new technical report will not be filed within 45 days or at all; risks relating to cost increases for capital and operating costs including cost of power; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; as well as those factors discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and Quarterly Report on Form 10-Q, as filed August 9, 2011 and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities commissions.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185.

SOURCE Vista Gold Corp.

DENVER, Sept. 28, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities:  VGZ) ("Vista" or the "Corporation") is advising warrant holders today that the first year exercise price of US$3.50 per share for the warrants issued pursuant to the Corporation's October 2010 private placement (TSX:  VGZ.WT.U) will expire at 4:30 p.m. (Vancouver time) on October 22, 2011.  After such time, the exercise price will automatically increase to US$4.00 per share for the following one-year period. The exercise prices and expiration dates were established as part of the private placement of Special Warrants of the Corporation that closed on October 22, 2010.  Upon receipt of shareholders' approval of the private placement on December 15, 2010, each Special Warrant was automatically exercised, for no additional consideration, for one Common Share of the Corporation and one Common Share purchase warrant of the Corporation (a "Warrant").  Each Warrant is exercisable over a five-year period to purchase one Common Share (a "Warrant Share") at a purchase price of US$3.50 during the first year, US$4.00 during the second year, US$4.50 during the third year and US$5.00 thereafter until the expiry of the Warrants on October 22, 2015.  If the closing price of the Common Shares on the NYSE Amex Equities Stock Exchange is at least 35% above the current exercise price of the Warrants for a period of 15 consecutive trading days, then Vista will have the option to request that the Warrants be exercised.  If the Warrants are not exercised within 25 business days following such request, they will be cancelled.

The Warrants are freely tradable pursuant to a Registration Statement on Form S-3 (333-172826) which the Corporation filed with the United States Securities and Exchange Commission (the "Registration Statement").  

Warrants held by persons who purchased the Warrants on the Toronto Stock Exchange after May 5, 2011, may be exercised pursuant to the Registration Statement and Warrant Shares received upon such exercise will be free trading.  A copy of the prospectus contained in the Registration Statement is available on the SEC's website at: www.sec.gov or by contacting the Corporation at (720) 981-1185.

Warrants held by original purchasers in the October 22, 2010 private placement ("Original Purchasers") or by persons who purchased such warrants from such Original Purchasers on a private basis or prior to the effectiveness of the Registration Statement on May 5, 2011 ("Subsequent Restricted Purchasers"), may not be exercised by such Original Purchasers or such Subsequent Restricted Purchasers and the Warrant Shares may not be issued upon such exercise, unless the holder is outside the "United States" (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") and not exercising for the account or benefit of a "U.S. person" (as defined in Regulation S under the U.S. Securities Act) or person in the United States or there is an applicable exemption from the registration requirements of the U.S. Securities Act and any applicable securities laws of any state of the United States.  

Original Purchasers that remain "accredited investors" as defined in Rule 501(a) of Regulation D under the U.S. Securities Act and represent to the Corporation on their Warrant exercise form as such, may exercise the Warrants on an exempt basis pursuant to the procedures set forth in the Warrant.  Subsequent Restricted Purchasers may not exercise the Warrants unless they provide an opinion of counsel in form and substance reasonably acceptable to the Corporation and its transfer agent to the effect that the Warrants can be exercised and the Warrant Shares can be delivered pursuant to an exemption from the U.S. Securities Act and in accordance with any applicable securities laws of any state of the United States. Warrant Shares issued upon exercise of the Warrants by such Original Purchasers or such Subsequent Restricted Purchasers will be "restricted securities" within the meaning of Rule 144, and can not be offered, sold, pledged or otherwise transferred absent registration under the U.S. Securities Act or pursuant to an exemption from such registration requirement and pursuant to any applicable securities laws of any state of the United States, and will bear a legend to such effect.  Such Warrant Shares have been registered for resale under the U.S. Securities Act by the Original Purchasers pursuant to the Registration Statement.  Original Purchasers and Subsequent Restricted Purchasers of the Warrants or the Warrant Shares may not engage in hedging transactions with regard to the Warrants or the Warrant Shares unless in compliance with the U.S. Securities Act.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Warrants or the Warrant Shares.  There shall be no sales of the Warrants or the Warrant Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Vista Gold Corp.

Vista is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer.  After Midas' IPO, Vista holds approximately 30% of Midas, which has a large exploration property in Idaho, including the Yellow Pine property previously held by Vista. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia and the Long Valley gold project in California.  For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

For further information, please contact Connie Martinez at (720) 981-1185.

SOURCE Vista Gold Corp.

DENVER, Sept. 12, 2011 /PRNewswire/ -- Vista Gold Corp. ("Vista" or the "Company") (TSX & NYSE Amex Equities: VGZ) announced today that as a result of unusual market activity in the Company's common shares on September 12, 2011, the NYSE Amex contacted the Company in accordance with the NYSE Amex's usual practice and requested that the Company issue a public statement regarding the unusual market activity.  The Company states that its policy is not to comment on unusual market activity.

About Vista Gold Corp.

Vista is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer.  After Midas' IPO, Vista holds approximately 30% of Midas, which has a large exploration property in Idaho, including the Yellow Pine property previously held by Vista. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia and the Long Valley gold project in California.  For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will," "if," "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors are discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and Quarterly Report on Form 10-Q, as filed August 9, 2011, and other documents filed  with the U.S. Securities and Exchange Commission and Canadian securities commissions.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com.

SOURCE Vista Gold Corp.

DENVER, Sept. 6, 2011 /PRNewswire/ -- Vista Gold Corp. ("Vista" or the "Company") (TSX & NYSE Amex Equities: VGZ) today announced the results of a new mineral resource estimate for the Batman deposit at the Company's Mt. Todd gold project in Northern Territory, Australia.  The new mineral resource estimate includes all previous drilling information plus the results from the 2010-2011 drilling program, which were previously announced by the Company on June 27, 2011.  The total mineral resource estimate for the Batman deposit is now 5.98 million ounces of measured and indicated mineral resources(1) and 2.61 million ounces of inferred mineral resources(2).

The new mineral resource estimate, as presented in the following table, represents a 23% increase in measured mineral resources(1) of 353,000 ounces of gold and a 14% increase in indicated mineral resources(1) of 506,000 ounces of gold resulting in a combined 17% increase in measured and indicated mineral resources(1).  The gold resource estimate for the Batman deposit as of September 2, 2011, reported at a cutoff grade of 0.40 grams of gold per tonne (0.015 ounces gold per ton), the same cut-off grade as the previous estimate, is set out below.  The estimate was prepared using GEMCOM software and used whole block kriging to estimate block values.

Fred Earnest, President and COO of Vista, stated, "We are very pleased, once again, to announce increased estimated gold resources at the Batman deposit. We have added estimated resources in all categories (measured(1), indicated(1) and inferred(2)) increasing the total estimated gold resources by 1.23 million ounces of gold. A portion of the increase in the estimated measured and indicated mineral resources(1) reflects the conversion of inferred mineral resources(2) in the vicinity of the pit envelope designed for the Preliminary Feasibility Study.  As a result, we are hopeful that the new mine plan, which is being completed as part of the Definitive Feasibility Study currently underway, will result in both further improved project economics as well as increased estimated mineable reserves(3)."

The updated gold resource estimate was completed on September 2, 2011, by Tetra Tech of Golden, Colorado, pursuant to Canadian National Instrument 43-101 ("NI 43-101").  This updated gold resource estimate was completed by or under the supervision of Dr. Rex Bryan, SME Registered Member, an independent Qualified Person (as defined in NI 43-101), utilizing standard industry software and resource estimation methodology.  Dr. Bryan has reviewed and verified the technical and scientific information contained in this press release.  Previous technical reports contain extensive geologic and technical information related to the deposit for which the estimate is prepared. The last technical report was filed on SEDAR on February 7, 2011, and is entitled "10.65 Mtpy Preliminary Feasibility Study - NI 43-101 Technical Report - Mt. Todd Gold Project - Northern Territory, Australia" and is dated January 28, 2011. The updated resource estimate incorporates the results of 9,635 new assay intervals from 15 drill holes (all core holes) totaling 8,906.31 meters drilled by Vista in 2010-11 with sample preparation and assaying completed by ALS Chemex.  These results are in addition to the results of 118,550 assay intervals from 756 drill holes (250 core, 435 reverse circulation, 70 rotary drill holes, and 1 percussion drill hole) completed previously by BHP Resources Pty Ltd., Zapopan NL, Pegasus Gold Australia Pty Ltd. and Vista, which were used in the previous updates of the Mt. Todd mineral resource estimate.  Vista completed a preliminary feasibility study for the project, the results of which were announced on January 4, 2011. The press release and full technical report are available on Vista's website (www.vistagold.com).  We expect to file on SEDAR a technical report for the updated resource estimate on or about October 20, 2011.

About Vista Gold Corp.

Vista is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer.  After Midas' IPO, Vista holds approximately 30% of Midas, which has a large exploration property in Idaho, including the Yellow Pine property previously held by Vista. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia and the Long Valley gold project in California.  For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

(1) Cautionary Note to U.S. Investors concerning estimates of Measured and Indicated Resources: This press release and the reports referred to in this press release use the terms "measured resources," "indicated resources" and "measured & indicated resources." We advise U.S. investors that while these terms are Canadian mining terms as defined in accordance with Canadian National Instrument 43-101 ("NI 43-101") – Standards of Disclosure for Mineral Projects and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the "CIM Standards"), such definitions differ from the definitions in U.S. Securities and Exchange Commission ("SEC") Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures.  The term "contained gold ounces" used in this press release is not permitted under the rules of the SEC.  U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 reserves.

(2) Cautionary Note to U.S. Investors concerning estimates of Inferred Resources: This press release and the reports referred to in this press release use the term "Inferred Resources." We advise U.S. investors that while this term is a Canadian mining term as defined in accordance with NI 43-101 and the CIM Standards, this term is not a defined term under SEC Industry Guide 7 and is normally not permitted to be used in reports and registration statements filed with the SEC. "Inferred Resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Resource will ever be upgraded to a higher category. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures.  The term "contained gold ounces" used in this press release is not permitted under the rules of the SEC.  U.S. investors are cautioned not to assume that any part or all of an Inferred Resource exists or is economically or legally minable.

(3) Cautionary Note to U.S. Investors concerning estimates of Reserves: This press release and the reports referred to in this press release use the term "proven and probable reserves" and "mineral reserves". We advise U.S. investors that while these terms are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Standards, such definitions differ from the definitions in SEC Industry Guide 7.  Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.  U.S. investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into SEC Industry Guide 7 reserves.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as estimates of mineral reserves and resources, the timing and completion of an updated technical report, the conversion of mineral resources to mineral reserves, the potential improvement of project economics and increased mineable reserves, the potential for gold resources in the Batman deposit and other targets within the Mt. Todd gold project, the timing and completion of a Mt. Todd definitive feasibility study on the Batman deposit, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will," "if, "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of reserve and resource estimates, estimates of results based on such reserve and resource and reserve estimates; risks relating to scheduling for a feasibility study; risks that a new technical report will not be filed within 45 days or at all; risks that mineral reserve and resource estimate will not be confirmed by a new pre-feasibility study; risks that a new pre-feasibility study will contain other risk factors important to investors; risks relating to cost increases for capital and operating costs including cost of power; risks relating to delays at the Mt. Todd gold project; risks related to decreased efficiencies from the high pressure grinding roll technology, risks related to copper affecting the leaching at the Mt. Todd gold project, risks related to the generation and sale of electricity produced at the Mt. Todd gold project to cover reclamation costs, risks related to the ability to economically recover lime from lime-stone deposits at the Mt. Todd gold project, risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; risks related to repayment of debt; risks related to increased leverage and uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and Quarterly Report on Form 10-Q as filed August 9, 2011 and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities commissions.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com

SOURCE Vista Gold Corp.

DENVER, Sept. 1, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) ("Vista" or the "Company") is pleased to announce the initial results of its Phase I surface sampling program completed at its Guadalupe de los Reyes gold-silver project in Sinaloa, Mexico.  In June of this year, Vista initiated the first phase of a two-phase exploration program.  In Phase I, vein outcrops, mostly in the form of stockwork, were mapped and 187 samples were collected for assay analysis.  The initial results from Phase I have confirmed the surface continuity of gold-silver bearing veins over a combined strike length of 14 km.  Chip samples collected from the stockwork surface expression of the veins contain silver grades as high as 653 g/t and gold grades as high as 7.3 g/t.  A summary of the results of this sampling program can be seen in the maps, together with typical sections showing the relationship between the stockwork and Low Sulfidation Epithermal (LSE) veins which can be found on our website at http://www.vistagold.com/guadalupe.php?subpage=figures.

The initial results from Phase I are being used to define gold-silver zoning in the district to evaluate prospective horizons within the vein system.  Based on the positive initial results of Phase I and a review of historical data, we have identified 36 drill sites of which 12 are included in the Phase II program.

Phase II of the 2011 exploration program is expected to begin in the fourth quarter of this year and is planned to include 4,000 m of core drilling. The drilling program is designed to define additional estimated gold resources, to test some of the multiple high grade silver and gold intervals obtained in earlier drilling programs or indicated by the historic mining records, and to obtain samples for metallurgical testing. Using the additional information expected to be obtained in 2011, Vista plans to prepare a Preliminary Economic Assessment (PEA) for open pit mine development of the gold and silver mineral resources at the Guadalupe de los Reyes gold-silver project during the first half of 2012.

Fred Earnest, Vista's President and COO commented, "We are pleased to see the continuity of the mineralization in the stockwork along strike being confirmed by the surface samples, which together with the information from historic mining activities and more recent drilling, also confirm the continuity of the underlying vein system.  We are looking forward to seeing the results of the upcoming drilling program, particularly with regards to the potential for bonanza silver and gold grades which are typical of these LSE vein systems."  

The Guadalupe de los Reyes district was the site of underground mining on the Guadalupe de los Reyes vein from the 1770's through the mid 1900's.  Production records from the 1870's through the cessation of historic mining indicate approximately 319,000 ounces of gold and more than 15 million ounces of silver were produced in the period.  Modern exploration undertaken in the late 1980's and early 1990's concentrated on developing gold resources with open pit and heap leach potential, because of low prevailing silver prices little effort was spent on evaluating the potential of the silver mineralization.  Most of the currently estimated mineral resources for the Guadalupe de los Reyes district is hosted by the near-surface stockwork overlying the LSE vein system. Vista acquired its initial interest in its Guadalupe de los Reyes gold-silver project in 2003 and subsequently in 2008 succeeded in consolidating the majority of the district.  Please refer to our press release dated April 27, 2011 for the results of the mineral resource estimate completed by Pincock, Allen & Holt in 2009.  

Sampling undertaken in Phase I was completed by employees and contractors of Vista under the supervision of Vista's Vice President of Exploration, Mr. Frank Fenne P.G., who is a "qualified person" within the meaning of Canadian National Instrument 43-101―Standards of Disclosure for Mineral Projects ("NI 43-101").  Samples were shipped to the ALSChemex sample prep lab in Hermosillo, Mexico.  Prepared sample pulps are shipped by ALSChemex to its assay lab in Vancouver.  Commercial standards and blanks were submitted routinely with each batch of samples.  Gold was analyzed using a 50 gram fire assay with an atomic absorption spectroscopy (AAS) finish.  Silver was initially analyzed using a 41 element ICP analysis using a nitric aqua regia digestion.  Silver assays greater than 100 g/t were re-assayed using a 50 gram fire assay with a gravimetric finish and these results replaced the ICP results.  Sampling, sample custody, preparation and assaying were completed in compliance with NI 43-101 standards.

About Vista Gold Corp.

Vista is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer.  After Midas' IPO, Vista holds approximately 30% of Midas, which has a large exploration property in Idaho, including the Yellow Pine property previously held by Vista. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia and the Long Valley gold project in California.  For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, estimates of mineral resources, the timing and results of permitting the drill program at the Guadalupe de los Reyes gold-silver project, the timing, amount of drilling and results of the Phase II drilling program at the Guadalupe de los Reyes gold-silver project, the timing and preparation of the PEA for the Guadalupe de los Reyes gold-silver project, the potential for bonanza silver and gold grades at the Guadalupe de los Reyes gold-silver project  and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will," "if," "anticipate," and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of resource estimates, estimates of results based on such resource estimates; risks relating to completing metallurgical testing; risks relating to cost increases for capital and operating costs; risks relating to delays in the completion of anticipated drilling activities at the Guadalupe de los Reyes gold-silver project and the completion of the PEA, risks related to the timing and the ability to obtain the necessary permits for the drilling program at the Guadalupe de los Reyes gold-silver project, risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and Quarterly Report on Form 10-Q, as filed August 9, 2011, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

Without limiting the foregoing, this press release uses terms that comply with reporting standards in Canada and certain estimates are made in accordance with Canadian National Instrument NI 43-101 ("NI 43-101"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosures an issuer makes of scientific and technical information concerning mineral projects.  This press release uses the terms "estimated resource" and "estimated gold resources". We advise U.S. investors that while these terms are recognized by Canadian regulations, these terms are not defined terms under the United States Securities and Exchange Commission's (the "SEC") Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. These mineral resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of these mineral resources will ever be upgraded to a higher category.  The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures.  Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.  U.S. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 reserves.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com.

SOURCE Vista Gold Corp.

DENVER, Aug. 9, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex:  VGZ) ("Vista" or the "Corporation") announced today its financial results for the second quarter and the three and six months ended June 30, 2011, as filed today with the United States Securities and Exchange Commission (the "SEC") and the relevant securities regulatory authorities in Canada, in the Corporation's Quarterly Report on Form 10-Q, and announced that a management quarterly conference call is scheduled for Thursday, August 11, 2011 at 10:00 a.m. MDT.

Recent Highlights

The Corporation recognized an unrealized gain of $77.8 million (before tax) upon the completion of the combination (the "Combination") of Vista's and Midas Gold, Inc.'s assets in the Yellow Pine-Stibnite District in Idaho resulting in the formation of Midas Gold Corp. ("Midas");
The fair value of the Corporation's consolidated investment in Midas was estimated at $82.5 million at June 30, 2011;
Midas successfully completed its Initial Public Offering on July 14, 2011; and
Vista remains debt free and has $33 million in cash at June 30, 2011.

We reported net income of $47.8 million, or $0.69 per basic and diluted share, for the three months ended June 30, 2011.  This is compared to a net loss of $7.3 million, or a $0.16 loss per basic and diluted share, for the same period in 2010.  Year-to-date, we reported net income of $43.9 million, or $0.67 per basic share and $0.66 per diluted share, compared to a net loss of $10.8 million, or a $0.24 loss per basic and diluted share, for the six months ended June 30, 2010.  These improved results are attributable to the unrealized gain of approximately $78 million that we recognized upon the completion of the Combination that was offset by approximately $23.6 million in net deferred taxes.

Our balance sheet at June 30, 2011 benefited from our investment in Midas, which we recorded at fair value estimated at $82.5 million on that date.  This increase was offset by the deferred tax liability of about $29.7 million associated with unrealized gain, which was reduced by $6.1 million for the release of the valuation allowance on our deferred tax asset generated from our net operating losses.  Also reflected in our June 30, 2011 balance sheet is the nearly $29 million we raised on April 20, 2011 in our public offering of 9,000,000 shares of our common stock, offset by $10.3 million in other net expenses for the six-month period then ended.

The following table summarizes selected financial data of Vista.  To review the Corporation's Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2011, including Management's Discussion & Analysis, visit any of the following websites:  www.sedar.com, www.sec.gov or www.vistagold.com.  

All dollar amounts in the following table are in thousands of United States dollars, except per share data.

Management Conference Call

A conference call with management to review our financial results for the quarter ended June 30, 2011 and to discuss corporate and project activities is scheduled for Thursday, August 11, 2011 at 10:00 a.m. MDT.

Toll-free in North America:  1-866-443-4188

International:  1-416-849-6196

This call will also be web-cast and can be accessed at the following web location: http://www.snwebcastcenter.com/event/?event_id=2051

This call will be archived and available at www.vistagold.com after August 11, 2011.  Audio replay will be available for three weeks by calling in North America:  1-866-245-6755, passcode 291097.

If you are unable to access the audio or phone-in on the day of the conference call, please feel free to email questions to Connie Martinez, Manager - Investor Relations, (email: This email address is being protected from spambots. You need JavaScript enabled to view it.), and we will try to address these questions prior to or during the conference call.

About Vista Gold Corp.

Vista is focused on the development of its Mt. Todd gold project in Northern Territory, Australia, and its Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer.  After Midas' IPO, Vista holds approximately 30% of Midas, which has a large exploration property in Idaho, including the Yellow Pine property previously held by Vista. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia and the Long Valley gold project in California.

For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as estimates of mineral reserves, the value of our investment in Midas, our development of our Mt. Todd gold project and Concordia gold project, our goal of becoming a gold producer and other matters are forward-looking statements and forward-looking information.  When used in this press release, the words "potential", "indicate", "expect", "intend", "hopes", "believe", "may", "will", "if", "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of resource and reserve estimates, risks relating to cost increases for capital and operating costs, risks related to the ability to obtain the necessary permits, risks of shortages and fluctuating costs of equipment or supplies, risks relating to fluctuations in the price of gold, the inherently hazardous nature of mining-related activities, potential effects on Vista's operations of environmental regulations in the countries in which it operates, risks due to legal proceedings, risks relating to political and economic instability in certain countries in which it operates, risks related to the future value of Vista's Midas shares and uncertainty of being able to raise capital on favorable terms or at all, as well as those factors discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011 and other documents filed with the SEC and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.

CONCACT: Vista Gold Corp.
TELEPHONE  (720) 981-1185
FAX  (720) 981-1186

SOURCE Vista Gold Corp.

DENVER, Aug. 3, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & AMEX:  VGZ) ("Vista" or the "Corporation") is pleased to announce that its Board of Directors has approved the appointment of Nicole Adshead-Bell to the Board.

Dr. Adshead-Bell has a successful career in capital markets, most recently as Managing Director, Investment Banking, Haywood Securities Inc.  She also worked as a mining analyst with Dundee Securities Corporation and Sun Valley Gold LLC. Earlier in her career she was responsible for various exploration projects and was an independent consultant in the fields of structural and economic geology. She has Ph.D., Honours and B.Sc. degrees in Geology from James Cook University, Queensland, Australia.

Mike Richings, Executive Chairman and CEO said; "We are very pleased to have Nicole join our Board.  We believe her strong background in geology and her extensive financial sector experience will allow her to make a significant contribution to the Board and the Corporation, particularly as we continue to advance our large Mt. Todd gold project in the Northern Territory in Australia."

About Vista Gold Corp.

During the period 2002-2006, Vista strategically acquired a number of gold properties containing well understood and defined mineral resources. In 2007, Vista completed a transaction, in which Vista contributed its Nevada gold mining interests to Allied Nevada Gold Corp. ("ANV") (a company formed by Vista). Following the formation of ANV, Vista made a substantial return to its shareholders in the form of common shares of ANV which were distributed to the shareholders of record at the time of the transaction. Since that time, Vista has been focused on adding value to its remaining properties through transactions and advancing the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, toward production decisions. Recently, Vista added substantially to its balance sheet through its investment in Midas Gold Corp. ("Midas"). In April 2011, Vista participated in a transaction that combined Vista's holdings in Idaho with that of Midas Gold, Inc. to form Midas. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, the director's ability to make a significant contribution to the board of directors, the advancement of the Mt. Todd and Concordia gold projects towards production decisions, Vista's continuing efforts to add value to its properties, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential, " "indicate, " "expect, " "intend, " "hopes, " "believe, " "may, "will, ", "could", "if, " "anticipate, " and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of resource estimates, estimates of results based on such resource estimates; risks relating to cost increases for capital and operating costs; risks related to the ability to obtain the necessary permits, risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011 and Quarterly Report on From 10-Q, as filed on May 10, 2011, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com

SOURCE Vista Gold Corp.

DENVER, July 14, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) ("Vista" or the "Corporation") today announced that Midas Gold Corp. ("Midas") has successfully completed an IPO, issuing 12,307,700 common shares of Midas ("Midas Shares") for gross proceeds of Cdn$40,000,025 million.  Midas Shares began trading on the Toronto Stock Exchange today under the symbol "MAX."  Vista owns 31,802,615 Midas Shares, which following the completion of Midas' IPO represents 30.7 % of the issued and outstanding shares of Midas.  Based on the IPO price of Cdn$3.25 per share, Vista's investment in Midas is expected to have a value of Cdn$103,358,499 and based on the number of issued common shares of Vista, this is equivalent to Cdn$1.45 per Vista share.

In April 2011, through a combination transaction, Vista and Midas Gold, Inc. consolidated their respective mineral properties in the Stibnite-Yellow Pine gold district in Idaho to form what is now called the Golden Meadows Project.  The combination transaction resulted in Midas owning the Golden Meadows Project.

Fred Earnest, Vista's President and COO, commented, "We congratulate Stephen Quin and the Midas team on a well-executed IPO. We believe that the consolidation and IPO confirms our view of the significant value of our prior holdings in the Yellow Pine district.  We also believe that the Golden Meadows Project has substantial upside potential.  Midas has announced that they will be undertaking a major exploration program in 2011 designed to increase the confidence level of the known mineral resources, expand the known deposits, and test for potential new deposits in the district.  Our investment in Midas is an important asset for Vista and its shareholders and represents a potential return worth many times our investment in the Yellow Pine property. We hope our investment in Midas will continue to grow as Midas experiences expected continued successes as it accelerates the exploration and development of the Golden Meadows Project."

About Vista Gold Corp.

During the period 2002-2006, Vista acquired a number of gold properties containing well understood and defined mineral resources, at low prices compared to today. In 2007, Vista completed a transaction, in which Vista contributed its extensive Nevada gold mining interests to form Allied Nevada Gold Corp. ("ANV"). Following the formation of ANV, Vista made a substantial return to its shareholders in the form of common shares of ANV. Since that time, Vista has been adding value to its remaining properties through transactions and advancing the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, towards a production decision. Recently, Vista has added substantially to its balance sheet through its investment in Midas Gold Corp. In April 2011, Vista participated in a transaction that combined Vista's holdings in Idaho with that of Midas Gold, Inc. to form Midas. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. The Midas Gold securities have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and can not be offered or sold in the United States absent such registration or an exemption from such registration requirements.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, the value of the Golden Meadows project, the upside potential at the Golden Meadows project, the completion and results of Midas's drilling program at the Golden Meadows project, the potential to increase and better define current estimated gold mineral resources, the potential to make new discoveries in the Golden Meadows project district, the expected success the Midas's exploration and development of the Golden Meadows project and the potential value of Vista's investment in Midas and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will," "could", "if," "anticipate," and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, risks related to Midas's exploration and development activities, uncertainty regarding the outcome of exploration programs, uncertainty regarding estimates of mineral resources, risk and uncertainty regarding the future value of the  Midas shares; as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com

SOURCE Vista Gold Corp.

DENVER, June 27, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) ("Vista" or the "Company") is pleased to announce the initial results of drilling completed at the Batman deposit during the 2010-11 program at the Mt. Todd gold project in Northern Territory, Australia.  Vista is undertaking a bankable feasibility study ("BFS") for the Mt. Todd gold project which it expects to complete late this year.  In support of the BFS, the Company started drilling at the Batman deposit in 2010 and the program is ongoing at the time of this announcement.  This press release contains the results of gold assays of samples taken from 10 core holes (5740 total meters drilled) from the first phase of the program.  The drilling program is designed to achieve the following objectives:

Provide definition and sampling of the Batman deposit in areas that could potentially impact the BFS final pit design,
Provide samples for additional metallurgical testing (including a broad program to evaluate the metallurgical variability of the deposit),
Explore for and evaluate mineralized areas in the hanging wall and at depth that could add to the estimated mineral resources and potentially improve the grade and reduce the stripping ratio through the reclassification of material from waste to ore,
Explore for potential extensions of mineralization along the north-south trend of the deposit, and
Provide engineering information for the BFS including hydrogeology and slope stability information.

Commenting on the drilling program results, Fred Earnest, Vista's President and COO, stated, "We are pleased with the results of this program at the Mt. Todd gold project.  As can be seen in the plans and cross sections (found at http://www.vistagold.com/mt_todd.php?subpage=figures) the results extend the Batman deposit mineralization at depth and provide information on the deeper, higher grade portions of the core zone of the ore body. Additionally, the results show the mineralization on the eastern side of the deposit is more widespread than has been previously modeled. We expect these results to have a positive effect on the estimated gold resources and the potential waste stripping ratio. Step-out drilling of 500 meters to the north and 300 meters to the south, along the trend of the deposit indicates the mineralization continues beyond currently planned pit limits, albeit in narrow zones of low grade sheeted veins.  We are currently working on a new resource model incorporating the latest information and expect to be in a position to release the results in August of this year. We expect that the new resource model will be incorporated in the BFS's economic analysis and we anticipate this will further improve the Mt. Todd gold project's expected economic return. The BFS is proceeding as planned and we have commenced the permitting process concurrent with the BFS."

The following table summarizes significant results of the drilling program.

The drilling has been completed and the core has been logged, photographed and sampled by employees of Vista Gold Australia under the direction of Vista's Vice President of Exploration, Mr. Frank Fenne P.G., who is a "qualified person" within the meaning of Canadian National Instrument 43-101--Standards of Disclosure for Mineral Projects ("NI 43-101").  Core holes through VB10-011 were shipped to ALS-Chemex sample prep lab in Alice Springs, Australia.  Prepared sample pulps are shipped by ALS-Chemex to its assay lab in Perth, Australia.  Second lab check assays were completed by Genalysis Laboratory Services in Perth, Australia.  Later holes were prepared and assayed by North Australia Laboratories, Pine Creek, Australia, again using Genalysis for second lab checks.

Core logging and sample custody, preparation and assaying were completed in compliance with NI 43-101 standards.

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista holds approximately 34% of the outstanding shares of Midas Gold Corp., a private exploration company, which has a large exploration property in Idaho, including the Yellow Pine property previously held by the Corporation.  Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.  For more information about our projects, including technical studies and mineral resource estimates, please visit our website at www.vistagold.com.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, planned development activities at the Mt. Todd gold project, including, planned environmental, technical and economic studies and a final BFS, planned timing and anticipated results of permitting at the Mt. Todd gold project, estimates of mineral resources, the conversion of inferred mineral resources to measured and indicated resources, the conversion of mineral resources to mineral reserves, the potential to expand the resource base at the Mt. Todd gold project, the potential to enhance the project economics of the Mt. Todd gold project through engineering studies and the drill program, the anticipated timing, design and expected results of the drill program at the Mt. Todd gold project, the timing for the completion and anticipated results of the definitive BFS for the Mt. Todd gold project, the confirmation of the metallurgical parameters of the Mt. Todd gold project, favorable effects of Mt. Todd gold project economics, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will," "if," "anticipate," and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of resource estimates, estimates of results based on such resource estimates; risks relating to completing metallurgical testing; risks relating to cost increases for capital and operating costs; risks relating to delays in the completion of  anticipated development activities at the Mt. Todd gold project, risks related to the timing and the ability to obtain the necessary permits at the Mt. Todd gold project, risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and Quarterly Report on Form 10-Q, as filed May 10, 2011, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

Without limiting the foregoing, this press release uses terms that comply with reporting standards in Canada and certain estimates are made in accordance with Canadian National Instrument NI 43-101 ("NI 43-101"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosures an issuer makes of scientific and technical information concerning mineral projects.  This press release uses the terms "estimated mineral resources" and "estimated contained gold resources". We advise U.S. investors that while these terms are recognized by Canadian regulations, these terms are not defined terms under the United States Securities and Exchange Commission's (the "SEC") Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. "Estimated mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an estimated mineral resource will ever be upgraded to a higher category.  The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures.  Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.  U.S. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 reserves.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com.

SOURCE Vista Gold Corp.

DENVER, June 14, 2011 /PRNewswire/ -- Vista Gold Corp. ("Vista" or the "Corporation") (NYSE Amex and TSX: VGZ) is pleased to announce that Mr. John W. Rozelle has been appointed VP Technical Services and will be based in Vista's corporate office in Littleton. Mr. Rozelle is an economic and mining geologist with more than 30 years of experience.  Most recently Mr. Rozelle was the manager of the mineral resource division of Tetra Tech.  He has personal experience with more than 100 gold projects and other metal projects in 48 countries.  Mr. Rozelle holds a BA in Geology from the State University of New York at Plattsburgh and a MS in Geochemistry from the Colorado School of Mines and is a Qualified Person as defined by National Instrument 43-101.

Fred Earnest, Vista's President and COO of the Corporation, commented, "We are very pleased to have John Rozelle join our team.  John's proven ability to manage technical studies coupled with his global gold project experience strengthens our Mt. Todd gold project feasibility study and development team and will increase our overall technical skills, so that we can take better advantage of potential acquisition opportunities going forward."

Additionally, Vista announced that on June 13, 2011, the Corporation's wholly-owned subsidiary, Vista Gold (Barbados) Corp. ("Vista Barbados") entered into an acquisition of additional option agreement ("Additional Option Agreement") with Pan Asia Resources Corp. ("Pan Asia").  The Additional Option Agreement provides Pan Asia with the opportunity to earn an additional 20% interest in the Corporation's Awak Mas gold project in Indonesia after it has earned a 60% interest in the project pursuant to the JV Agreement (as defined below).  Pan Asia can acquire the additional 20% interest by (a) making cash payments totaling US$2,500,000 over the next nine months; (b) issuing shares with a value equal to US$2,000,000 or making a cash payment of US$2,000,000 within 12 months, depending on whether Pan Asia completes an initial public offering; and (c) carrying out a 5,000 meter drilling program in an area outside of the current project resource area within 18 months.

As previously announced, in December 2009, Pan Asia and Vista Barbados executed a joint venture agreement ("JV Agreement") allowing Pan Asia to earn a 60% interest in the project by: (a) expending US$3,000,000 on the project within a specified period of time; (b) completing an environmental impact assessment and feasibility study (in compliance with Canadian National Instrument 43-101); and (c) issuing to Vista 2,000,000 shares of Pan Asia and the right to purchase up to an additional 2,000,000 shares of Pan Asia in the event Pan Asia completes an initial public offering of its shares.

If Pan Asia completes the undertakings required in the JV Agreement and the Additional Option Agreement, Pan Asia will hold an 80% interest in the Awak Mas gold project.

Referring to the Pan Asia transaction, Mr. Earnest added, "Pan Asia has demonstrated their ability to advance the Awak Mas gold project and conduct business in Indonesia effectively. If Pan Asia is successful in developing the Awak Mas gold project we will have the opportunity to participate with a 20% direct interest in the project and through our ownership in Pan Asia.  Currently we own 4.4% of the issued and outstanding shares of Pan Asia. The Additional Option Agreement will provide some additional capital for Vista and further enable us to maintain our focus on the development of the Mt. Todd gold project in Australia, finalizing the permitting at the Concordia gold project and progressing our new exploration program we have initiated at our Guadalupe de los Reyes exploration project in Mexico."

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista holds approximately 34% of the outstanding shares of Midas Gold Corp., a private exploration company, which has a large exploration property in Idaho, including the Yellow Pine property previously held by the Corporation.  Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.  For more information about our projects, including technical studies and mineral resource estimates, please visit our website at www.vistagold.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, potential acquisition opportunities of the Corporation, payment by Pan Asia of the US$4.5 million over the next twelve months, completion by Pan Asia of the 5,000 meter drilling program at Awak Mas gold project, Pan Asia's development of the Awak Mas gold project, the anticipated focus of the Company on the Mt. Todd gold project, finalizing permitting at the Concordia gold project, expected progress on the exploration program at Guadalupe de los Reyes, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "potential", "indicate", "expect", "intend", "hopes", "believe", "may", "will", "if", "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, the availability of attractive acquisition opportunities, ability of Pan Asia to make cash payments, success of Pan Asia on its exploration and development plans, general market conditions, conducting work in Indonesia as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and other documents filed with the SEC and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185.

SOURCE Vista Gold Corp.

DENVER, May 18, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) ("Vista" or the "Corporation") announces the appointment of Ms. Terri Eggert as Interim Chief Financial Officer of Vista, effective immediately.  Ms. Eggert replaces our former Chief Financial Officer, Mr. Greg Marlier, who is no longer with the Corporation.

Ms. Eggert brings to Vista over 20 years of experience in public company accounting and she has spent the past 14 years in senior accounting and financial roles with large Colorado-based public companies. She played an important role in assisting Vista during the first quarter of 2011 as the Corporation strengthened its financial reporting disclosure by transitioning to and adopting United States Generally Accepted Accounting Principles (US GAAP) in preparing its financial statements.

The Corporation's Board of Directors is in the process of conducting a search for a candidate to fill the position of Chief Financial Officer on a permanent basis.

Mike Richings, Vista's Executive Chairman and Chief Executive Officer, said:  "On behalf of the Board and the Corporation, I wish to thank Mr. Marlier for his seven years of service to Vista. We wish him the very best in all his future endeavours. During Vista's US GAAP transition period, Ms. Eggert has demonstrated her public company reporting skills and expertise in a number of critical financial areas for the Corporation. I am confident in her ability to serve the Corporation while we search for a qualified candidate that meets the needs of the Corporation and our executive management team on a permanent basis."

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista holds approximately 34% of the outstanding shares of Midas Gold Corp., a private exploration company, which has a large exploration property in Idaho, including the Yellow Pine property previously held by the Corporation.  Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.  For more information about our projects, including technical studies and mineral resource estimates, please visit our website at www.vistagold.com.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, the Interim Chief Financial Officer's ability to serve the Corporation, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will,", "could", "if," "anticipate," and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of resource estimates, estimates of results based on such resource estimates; risks relating to cost increases for capital and operating costs; risks relating to delays in the completion of the drilling program, risks related to the adequacy of the design of the drilling program, risks related to the ability to obtain the necessary permits, risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011 and Quarterly Report on From 10-Q, as filed on May 10, 2011, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185.

SOURCE Vista Gold Corp.

DENVER, May 11, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex:  VGZ) ("Vista" or the "Corporation") announced today its financial results for the first quarter and three months ended March 31, 2011, as filed on May 10, 2011, with the United States Securities and Exchange Commission (the "SEC")  and the relevant securities regulatory authorities in Canada, in the Corporation's Quarterly Report on Form 10-Q, and announced that a management quarterly conference call is scheduled for Thursday May 12, 2011, (9:00 A.M. MDT).

Recent Highlights

New Preliminary Feasibility Study at the Mt. Todd Gold Project, Northern Territory, Australia; Doubles Estimated Proven and Probable Reserves (1). Please refer to our press release dated January 4, 2011;
Closed Combination Agreement with Midas Gold Corp. ("Midas") and now owns approximately 34.2% of Midas which has an estimated value of CDN$80 million;
Bought Deal Financing  completed for Gross Proceeds of Cdn$29.7 million;
Sun Valley Gold LLC announces ownership of over 11.61% of Vista's shares;
Effective January 1, 2011, adopted U.S. GAAP for all U.S. and Canadian filings; and
Corporation is Debt Free and Currently has Approximately $36.4 million in cash.

We have, since we began reporting our financial results, filed with securities regulators in both Canada and the U.S. using Canadian Generally Accepted Accounting Principles ("GAAP") financial statements with reconciliations to U.S. GAAP.  However, a change in the SEC's position in late 2009 required Canadian companies, such as Vista, that do not qualify as "foreign private issuers" as defined under SEC regulations, to file their financial statements in the U.S. using U.S. GAAP for financial periods after December 31, 2010.  Therefore, we have adopted U.S. GAAP effective January 1, 2011 for all U.S. and Canadian filings.  Canadian securities regulators announced that they will accept U.S. GAAP financial statements. The principal difference reflected in our financial statements between the two forms of GAAP is that under U.S. GAAP mineral property exploration costs are expensed as incurred and under Canadian GAAP both acquisition costs and exploration expenditures are capitalized.  

A comparison of our balance sheets as at March 31, 2011 and December 31, 2010 in U.S. GAAP to our balance sheet as at December 31, 2010 as reported in Canadian GAAP is as follows:

                                                                                                                                            Canadian

                                                                                        U.S. GAAP          U.S. GAAP            GAAP

                                                                                         -------------Three Months Ended March 31,----------

                                                                                                      2011                     2010                    2010    _

          Net Loss                                                                 $          (3,877)   $            (3,488)   $            (1,699)  (3)

Notes:

(1) The decreases in cash and cash equivalents and liabilities are primarily attributable to the repayment of our 10% senior secured convertible notes on March 4, 2011.

(2) The decreases in mineral properties and shareholders' equity are primarily due to the conversion to U.S. GAAP from Canadian GAAP.  In accordance with U.S. GAAP, our property acquisition costs, including directly related acquisition costs, are now capitalized when incurred, and mineral property exploration costs are expensed as incurred.  Under Canadian GAAP, however, both acquisition costs and exploration expenditures had been capitalized when incurred.

(3) The increase in the net loss for the three-month period ending March 31, 2011 in U.S. GAAP is higher than the same period for the previous year in Canadian GAAP due to the expensing of exploration costs under U.S. GAAP and capitalizing the exploration costs under Canadian GAAP.  

Results from Operations

Our consolidated net loss for the three-month period ended March 31, 2011 was $3,877 or $0.06 per share compared to $3,488 or $0.08 per share for the same period in 2010.  For the three-month period ended March 31, 2011, the increase in the consolidated net loss of $389 from the respective prior period is primarily the result of an increase in exploration, property evaluation and holding costs of $531, an increase in corporate administration and investor relations of $107, an increase in the loss on currency translation of $57 and a decrease in interest income of $42; these amounts have been partially offset by a decrease in interest expense of $221 and an increase in the gain on disposal of marketable securities of $153.

Exploration, property evaluation and holding costs

Exploration, property evaluation and holding costs increased to $2,949 during the three-month period ended March 31, 2011, compared with $2,418 for the same period in 2010.  The increase of $531 from the respective prior period is primarily due to an increase in the following:

An increase in expenses at our Concordia gold project of $311 from the respective prior period.  This increase is mostly the result of increased legal costs and community relations costs as we work towards obtaining the necessary permits.
An increase in expenses at our Yellow Pine gold project of $160 from the respective prior period.  This increase is mostly the result of costs incurred in relation to the combination with Midas  completed on April 6, 2011, as well as costs shared with Midas as part of a cost-sharing agreement; and
An increase in expenses at our Mt. Todd gold project of $67 from the respective prior period.  

Corporate administration and investor relations

Corporate administration and investor relations costs increased to $1,098 during the three-month period ended March 31, 2011, compared with $991 for the same period in 2010.  

Financial Position, Liquidity and Capital Resources

Cash used in operations

Net cash used in operating activities was $4,468 for the three-month period ended March 31, 2011, as compared to $3,614 for the same period in 2010.  The increase of $854 is mostly the result of an increase in interest paid of $504 on the then outstanding Notes for the three-month period ended March 31, 2011 compared to no interest paid during the same period ended March 31, 2010.  The Notes matured on March 4, 2011, and accordingly, we paid the outstanding principal and interest owing to that date.  Also, contributing to the increase in cash used for the 2011 period was an increase in the net loss of $389 and an increase in cash used for accounts payable, accrued liabilities and other of $55.

Investing activities

Net cash used in investing activities was $243 for the three-month period ended March 31, 2011, as compared to $358 for the same period in 2010.  

Financing activities

Net cash used in financing activities was $22,927 for the three-month period ended March 31, 2011.  There was no cash used in or provided by financing activities for the same period in 2010.  On March 4, 2011 we repaid the outstanding Notes of principal amount of $23,000.  

Liquidity and Capital Resources

At March 31, 2011, our total assets were $55,878 compared to $82,972 at December 31, 2010, representing a decrease of $27,094.  The decrease in total assets is primarily due to the decrease in our cash balances.  At March 31, 2011, we had working capital of $13,955, as compared with working capital of $17,995 at December 31, 2010, representing a decrease of $4,040.  This decrease in working capital, which is current assets less current liabilities relates primarily to a decrease in cash balances of $27,152, a current asset, and the repayment of our outstanding $23,000 principal amount of the Notes on March 4, 2011, a current liability.

The principal components of working capital at March 31, 2011, are: current assets made up of cash and cash equivalents of $12,686, marketable securities of $1,657 and other current assets of $912 and the current liabilities of $1,300.  The principal components of working capital at December 31, 2010 were cash and cash equivalents of $39,838, marketable securities of $1,703 and other current assets of $1,084 and less current liabilities which are made up of $23,000 of Notes and other current liabilities of $1,630

The following table summarizes financial data for the Corporation.  To review Vista's Quarterly Report on Form 10-Q for the fiscal quarter ending March 31, 2011, including our Management Discussion & Analysis, visit any of the following websites:  www.sedar.com, www.sec.gov or www.vistagold.com.  

Management Conference Call

A conference call with management to review our financial results for the quarter ended March 31, 2011 and to discuss corporate and project activities is scheduled on Thursday May 12, 2011, at 9:00 a.m. MDT.

Toll-free in North America:  1-866-443-4188
International:  1-416-849-6196

This call will also be web-cast and can be accessed at the following web location:

http://www.snwebcastcenter.com/event/?event_id=1820

This call will be archived and available at www.vistagold.com after May 16, 2011.  Audio replay will be available for three weeks by calling in North America:  1-866-245-6755, passcode 574348.

If you are unable to access the audio or phone-in on the day of the conference call, please feel free to email questions to Connie Martinez, Manager - Investor Relations, (email: This email address is being protected from spambots. You need JavaScript enabled to view it.) and we will try to address these questions prior to or during the conference call.

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista holds approximately 34% of Midas Gold Corp., a private exploration company, which has a large exploration property in Idaho which includes the Yellow Pine property previously held by Vista. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.

For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

(1) Cautionary note to U.S. investors concerning estimates of reserves: This press release and the Preliminary Feasibility Study referred to in this press release use the term "proven and probable reserves" and "mineral reserves". We advise U.S. investors that while these terms are defined in and required by Canadian regulations, such definitions differ from the definitions in U.S. Securities and Exchange Commission ("SEC") Industry Guide 7.  Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.  U.S. investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into SEC Industry Guide 7 reserves.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as estimates of mineral reserves, and value of our investment in Midas, and our development of  our Mt. Todd gold project, our goal of becoming a gold producer and other matters are forward-looking statements and forward-looking information.  When used in this press release, the words "potential", "indicate", "expect", "intend", "hopes", "believe", "may", "will", "if", "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of resource and reserve estimates, risks relating to cost increases for capital and operating costs, risks related to the ability to obtain the necessary permits, risks of shortages and fluctuating costs of equipment or supplies, risks relating to fluctuations in the price of gold, the inherently hazardous nature of mining-related activities, potential effects on Vista's operations of environmental regulations in the countries in which it operates, risks due to legal proceedings, risks relating to political and economic instability in certain countries in which it operates, risks related to the future value of Vista's Midas shares and uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and other documents filed with the SEC and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.

Contact:
TELEPHONE  (720) 981-1185
FAX  (720) 981-1186

SOURCE Vista Gold Corp.

DENVER, May 6, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) ("Vista" or the "Company") announced that Michael B. Richings, Vista's CEO and Executive Chairman and Frederick H. Earnest, Vista's President and COO have been appointed to the board of directors of Midas Gold Corp. ("Midas"), a Canadian private company.  

As previously announced on April 6, 2011, Vista and Midas completed a transaction to combine Midas' Hangar Flats and West End deposits with Vista's Yellow Pine deposit in Idaho to form the newly named Golden Meadows project under the direction and management of Midas (the "Combination").  Concurrent with the Combination, Midas completed a private placement of 6,129,800 common shares of in the capital of Midas ("Midas Shares") at a purchase price of Cdn.$2.50 per Midas Share to raise gross proceeds of Cdn.$15,324,500 (the "Private Placement").   Vista currently holds 31,802,615 Midas Shares, which immediately following the completion of the private placement represented 37.4% of the issued and outstanding Midas Shares (34.2% on a fully diluted basis).  Based on the Private Placement offering price, Vista's ownership of Midas currently represents a value of approximately Cdn.$80.0 million [or a value of Cdn$1.13 per issued share of Vista].   Based on our expectations of the exploration potential of the Golden Meadows project, Vista believes that our investment in Midas has potential to increase in value over time.

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, the potential value of Vista's investment in Midas and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will," "could", "if," "anticipate," and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty regarding the future value of the  Midas shares; as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com

SOURCE Vista Gold Corp.

DENVER, May 5, 2011 /PRNewswire/ -- Vista Gold Corp. ("Vista" or the "Company") (NYSE Amex and TSX: VGZ) is pleased to announce that on May 5, 2011, the Company's resale registration statement on Form S-3, initially filed with the United States Securities and Exchange Commission ("SEC") on March 15, 2011, was declared effective.  The registration statement registers for resale common shares, warrants and common shares acquirable upon the exercise of warrants (collectively, the "securities") held by certain securityholders named in the prospectus contained in the registration statement.  The selling securityholders are under no obligation to sell the securities.  The registration statement also registers the issuance by the Company of common shares underlying the warrants by holders that purchase the warrants pursuant to the resale registration statement.  The Company will not receive any proceeds from the resale of the securities, other than proceeds relating to the exercise of warrants, if those warrants are exercised.

Vista agreed to file the resale registration statement pursuant to the terms of its October 22, 2010 private placement of 14,666,739 special warrants ("Special Warrants").  The Special Warrants were issued to the selling securityholders at a purchase price of $2.30 per Special Warrant for aggregate gross proceeds to the Company of $33,733,500.  Following approval of the private placement by the Company's shareholders at a special meeting held on December 15, 2010, each Special Warrant was automatically exercised, for no additional consideration, for one common share of the Company and one common share purchase warrant.  In addition, the Company issued a total of 641,305 Special Warrants and 630,436 compensation warrants to the agents and finders that provided services to the Company in connection with the private placement.

The Company will take no part in the resale of the securities and nothing in this press release is intended to convey or communicate an offer to sell the securities by or on behalf of the Company.  The prospectus contained in the registration statement is available online at www.sec.gov or by request to the Company at: 7961 Shaffer Parkway, Suite 5, Littleton, Colorado 80127, Attention: Connie Martinez, telephone (720) 981-1185.

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold project in Mexico, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, proceeds from the exercise of warrants, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "potential", "indicate", "expect", "intend", "hopes", "believe", "may", "will", "if", "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, factors affecting the timing and effectiveness of the registration statement as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and other documents filed with the SEC and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185.

SOURCE Vista Gold Corp.

DENVER, April 27, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities:  VGZ) ("Vista" or the "Company") is pleased to announce that it has completed a detailed review of the historic data from the Guadalupe de los Reyes gold-silver project located in Sinaloa, Mexico, and that the Company intends to commence field exploration work at Guadalupe de los Reyes this May.  Gold and silver were produced from the property from the mid-1700s to the mid-1900s.  Historic production, as reported in the National Registry records for the period 1872 to 1989, is 319,000 ounces of gold and 15 million ounces of silver. This estimate does not include undocumented production from 1772 to 1872.

During the 1990s, the property was explored by a succession of companies that included Northern Crown Mines Ltd., Minas de San Luis S.A. de C.V., Meridian Gold Company and Grandcru Resources Corp.  These companies generally focused on exploring for shallow mineralization that could be mined by open pit mining methods.  The drill results generated by these companies were used by Pincock, Allen & Holt ("PAH") of Lakewood, Colorado, to complete a mineral resource estimation for the district that was reported in the 43-101 technical report entitled "Technical Report for the Guadalupe de Los Reyes Gold-Silver Project, Sinaloa, Mexico," dated August 12, 2009 and amended and restated December 8, 2009 (the "Technical Report"). The 2009 gold resource estimate was completed by or under the supervision of Mr. Leonel Lopez, C.P.G., an independent Qualified Person as defined by Canadian National Instrument 43-101, utilizing standard industry software and resource estimation methodology.  Mr. Lopez has reviewed and consented to the disclosure in this press release. Please refer to our press release dated September 3, 2009 for more details. The following table summarizes the estimate of remaining mineral resources and does not include material that was previously mined by underground mining activities.

The Technical Report recommended that further exploration and metallurgical testing of the known deposits and additional exploration targets should be undertaken to fully evaluate the project's potential.

Based on the PAH report and our own review of historic mining records, and the surface maps and results of  previous surface sampling and shallow drilling conducted by other companies, Vista has identified 13 priority target areas on which we plan to begin exploration field work commencing in May.  The Company plans to complete field mapping and define drill targets in the 2nd quarter, and expects to commence a 4,500 meter drilling program in the 3rd quarter of 2011.

Exploration took place from 1988-2002, a period during which the silver price ranged from $4-6 per ounce and there was little incentive to evaluate the geologic potential for higher grade silver zones, similar to those which existed in the vein system mined by previous underground mining operations.  Equally important, no significant studies were completed to fully evaluate the production potential of silver with extensive metallurgical testing. Vista's drill plan is focused on examining the potential for expansion of the bulk mineable resource estimates already identified and the high grade potential of the underground minable vein systems in the district and in the lower zones of the historic mine operations. Following the drilling program, Vista plans to commence a systematic metallurgical testing program so that the economic potential of the deposit can be evaluated. The style of mineralization is similar to that of Primero Mining's Tayoltita operation located 60 kilometers to the southeast with a historical production of greater than 9 million ounces of gold and 600 million ounces of silver.  Vista owns 28 contiguous claims in the Guadalupe district with a total area of 6,790 hectares (16,779 acres).

Commenting on the Company's recent detailed reviews of the Guadalupe de los Reyes gold-silver project, Fred Earnest, Vista's President and COO stated, "Vista consolidated the Guadalupe district in 2008 and we have worked over the last two years to compile and study, in detail, the data generated by prior owners and other companies who have explored in the district.  Based on this review, we believe that there is potential to expand the existing lower grade resource estimates which are amenable to open pit mining and to expand the underground potential which has not been previously fully evaluated. We believe high silver and gold ratios found in historic production estimates and in the PAH resource estimates represent an exciting opportunity at today's higher gold and silver prices.  We are excited about the potential to grow the project's previously estimated resources.  We have also been impressed with our early discussions with government officials from the State of Sinaloa who have indicated their willingness to assist us in our programs to develop the potential of the property."

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, estimates of mineral resources, the conversion of inferred mineral resources to measured and indicated resources, the conversion of mineral resources to mineral reserves, the potential to expand the resource base at the Guadalupe de los Reyes gold-silver project, the anticipated timing, extent and focus of the drilling program at the Guadalupe de los Reyes  gold-silver project, the opportunities in the market for the high silver to gold ratios at the Guadalupe de los Reyes gold-silver project and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will,", "could", "if," "anticipate," and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of resource estimates, estimates of results based on such resource estimates; risks relating to cost increases for capital and operating costs; risks relating to delays in the completion of the drilling program at Guadalupe de los Reyes, risks related to the adequacy of the design of the drilling program, risks related to the adequacy of the metallurgical testing, risks related to the ability to obtain the necessary permits, risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold and silver; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

Without limiting the foregoing, this press release uses terms that comply with reporting standards in Canada and certain estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosures an issuer makes of scientific and technical information concerning mineral projects.  All mineral resource estimates contained in this press release, including the terms " "indicated mineral resources" and "inferred mineral resources" have been prepared in accordance with NI 43-101, and these standards differ significantly from the requirements of the SEC.  The resource and reserve information contained in this press release is not comparable to similar information disclosed by U.S. companies.  See the Cautionary Notes to U.S. Investors above.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com

SOURCE Vista Gold Corp.

DENVER, April 20, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities:  VGZ) ("Vista" or the "Company") is pleased to announce that it has closed its previously announced offering of 9,000,000 common shares of Vista ("Common Shares") at a price of C$3.30 per Common Share (the "Issue Price") for aggregate gross proceeds to the Company of C$29,700,000 (the "Offering").  The Offering was completed on a bought deal basis with GMP Securities L.P. and Wellington West Capital Markets Inc. as underwriters (the "Underwriters").  The Common Shares were sold in Canada by way of a prospectus supplement to Vista's existing base shelf prospectus dated April 27, 2009 and filed with the securities commissions in all of the provinces and territories of Canada (other than the Province of Quebec) and were sold in the United States by way of a prospectus supplement to the Company's base shelf prospectus included in the Company's shelf registration statement filed with the U.S. Securities and Exchange Commission (the "SEC") on April 27, 2009.

As part of the Offering, Vista granted the Underwriters an over-allotment option to purchase up to an additional 1,350,000 Common Shares at the Issue Price.  The over-allotment option remains exercisable at any time up to May 20, 2011.

As compensation to the Underwriters in connection with the Offering, Vista paid to the Underwriters a cash commission of C$1,485,000 and granted the Underwriters 450,000 compensation options (the "Compensation Options").  Each Compensation Option is exercisable until April 20, 2013 to purchase one Common Share at the Issue Price.

The Company intends to use the net proceeds of the Offering as follows: (i) advancement of the Mt. Todd Project; (ii) exploration at the Guadalupe de los Reyes gold-silver project; (iii) permitting process at the Concordia gold project; and (iv) general corporate administration purposes of the Company.

Vista has filed a prospectus supplement to its base shelf prospectus with the Canadian securities regulatory authorities in each of the provinces and territories of Canada, except Quebec, and a prospectus supplement to its base prospectus in its shelf registration statement with the SEC.  You may obtain a copy of the prospectus supplement and the accompanying base shelf prospectus filed in Canada from GMP Securities L.P. (fax (416) 943-6134 or request a copy by telephone at (416) 943-6130). You may obtain a copy of the prospectus supplement and the accompanying base prospectus filed in the United States from Griffiths McBurney Corp. c/o GMP Securities L.P. Attn: Equity Capital Markets, 145 King St. W., Suite 300, Toronto, Ontario, M5H 1J8, Canada, email your request to This email address is being protected from spambots. You need JavaScript enabled to view it. or fax your request to (416) 943-6134.

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, the intended use of the net proceeds of the Offering and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will,", "could", "if," "anticipate," and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of resource estimates, estimates of results based on such resource estimates; risks relating to cost increases for capital and operating costs; risks relating to delays in the completion of the drilling program, risks related to the adequacy of the design of the drilling program, risks related to the ability to obtain the necessary permits, risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185.

SOURCE Vista Gold Corp.

Denver, April 12, 2011 – Vista Gold Corp. (“Vista” or the “Company”) (TSX & NYSE Amex VGZ) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by GMP Securities L.P. and Wellington West Capital Markets Inc. (the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 9,000,000 common shares (the “Common Shares”) of the Company at a price of C$3.30 per Common Share (the “Issue Price”) for aggregate gross proceeds to the Company of C$29,700,000 (the “Offering”). The Common Shares are to be sold by way of a prospectus supplement to Vista’s existing base shelf prospectus dated April 27, 2009 and filed with the securities commissions in all of the provinces and territories of Canada (other than the Province of Québec) and in the United States by way of a prospectus supplement to the Company’s base shelf prospectus included in the Company’s shelf registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 28, 2009. The Common Shares will also be offered on a private placement basis in certain jurisdictions outside of Canada and the United States pursuant to applicable prospectus exemptions.

The Company will grant the Underwriters an over-allotment option to purchase additional Common Shares in an amount equal to up to 15% of the number of Common Shares sold pursuant to the Offering at the Issue Price, exercisable at any time up to 30 days from the closing of the Offering.

The Company intends to use the net proceeds of the Offering as follows: (i) advancement of the Mt. Todd Project; (ii) exploration at the Guadalupe de los Reyes gold-silver project; (iii) permitting process at the Concordia gold project and (iv) general corporate and working capital purposes of the Company

Closing of the Offering is expected to occur on or about April 20, 2011 and is subject to receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange and the NYSE Amex Equities.

Vista has filed a base shelf prospectus with the Canadian securities regulatory authorities in each of the provinces and territories of Canada, except Québec, and a shelf registration statement with the SEC which will serve as the base for the Offering in the United States to which this communication relates. Before you invest, you should read the base shelf prospectus including any prospectus supplement and any other documents the Company has filed with the securities commissions in each of the provinces and territories of Canada, except Québec, and the SEC for complete information about the Company and the Offering. You may obtain a copy of the base shelf prospectus in Canada from GMP Securities L.P. (fax (416) 943-6134 or request a copy by telephone at (416) 943-6130). You may obtain a copy of the shelf registration statement and prospectus filed in the United States from Griffiths McBurney Corp. c/o GMP Securities L.P. Attn: Equity Capital Markets, 145 King St. W., Suite 300, Toronto, Ontario, M5H 1J8, Canada, email your request to This email address is being protected from spambots. You need JavaScript enabled to view it. or fax your request to 416-943-6134.

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista’s other holdings include the Guadalupe de los Reyes gold project in Mexico, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.

The Toronto Stock Exchange and the NYSE Amex Equities have not reviewed and do not accept responsibility for the accuracy or adequacy of this press release, which has been prepared by management. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities, in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, the timing for effectiveness of the registration statement, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "expect", "intend", "anticipate", “will” and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, factors affecting the timing and effectiveness of the registration statement as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and other documents filed with the SEC and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185.

DENVER, April 6, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities:  VGZ) ("Vista" or the "Company") is pleased to announce the completion today of the previously announced combination (the "Combination") involving Midas Gold, Inc. ("Midas"), Vista's wholly-owned subsidiary, Vista Gold U.S. Inc. ("Vista US") and Vista US's wholly-owned subsidiary, Idaho Gold Resources, LLC ("Idaho Gold").  As part of the Combination, each of Midas, Vista US and Idaho Gold contributed their respective gold assets in the Yellow Pine-Stibnite District in Idaho to a new Canadian private company named Midas Gold Corp. ("Midas Gold"). In exchange for the contribution of its Yellow Pine assets, Vista US was issued 30,402,615 common shares in the capital of Midas Gold ("Midas Gold Shares").  See our press release dated February 23, 2011 for additional information on the Combination.

Concurrently with the Combination, Midas Gold completed a private placement of 6,129,800 Midas Gold Shares at a purchase price of Cdn.$2.50 to raise gross proceeds of Cdn.$15,324,500 (the "Private Placement").  Vista purchased an additional 1,400,000 Midas Gold Shares through the Private Placement for an aggregate purchase price of Cdn.$3,500,000.

Following the Combination and the Private Placement Vista and Vista US together hold 31,802,615 Midas Gold Shares representing 37.4% (basic) and 34.2% (fully diluted basis) of the issued and outstanding Midas Gold Shares.

The above-described securities have not been registered under the U.S. Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws of any state of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, a U.S. person (as defined in Regulation S under the U.S. Securities Act) or a person in the United States absent registration under the U.S. Securities Act or an applicable exemption from such registration requirements and in accordance with all applicable state securities laws of any state of the United States.  This press release shall not constitute an offer to sell or solicitation of an offer to buy nor shall there be any sale of the above described securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold-silver project in Mexico, the Yellow Pine gold project in Idaho, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, estimates of mineral resources, the conversion of inferred mineral resources to measured and indicated resources, the conversion of mineral resources to mineral reserves, the potential to expand the resource base at the Yellow Pine gold project, the timing for completion and expected results of the 43-101 resource estimate by Midas relating to its properties in the District, potential gold resources at the Yellow Pine gold project and on Midas properties located in the District, the potential upsize resulting from the combination of the Yellow Pine gold project with Midas' assets in the District, the quantum of the potential value realization, if any, resulting from the transaction, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will,", "could", "if," "anticipate," and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, the ability to find and hire an appropriate management team for Midas Gold, the ability to integrate the operations of Midas Gold, uncertainty of resource estimates, estimates of results based on such resource estimates; risks relating to cost increases for capital and operating costs; risks relating to delays in the completion of the drilling program, risks related to the adequacy of the design of the drilling program, risks related to the ability to obtain the necessary permits, risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185.

SOURCE Vista Gold Corp.

DENVER, March 16, 2011 /PRNewswire/ -- Vista Gold Corp. ("Vista" or the "Company") (NYSE Amex and TSX: VGZ) announces that on March 15, 2011 it filed a resale registration statement on Form S-3 with the United States Securities and Exchange Commission (the "SEC").  The registration statement registers for resale common shares, warrants and common shares acquirable upon the exercise of warrants (collectively, the "securities") held by certain securityholders named in the registration statement.  The selling securityholders are under no obligation to sell the securities.  The registration statement also registers the issuance by us of common shares underlying the warrants by holders that purchase the warrants pursuant to the resale registration statement, if and when it becomes effective.  We will not receive any proceeds from the resale of the securities, other than proceeds relating to the exercise of warrants, if those warrants are exercised.

Vista agreed to file the resale registration statement pursuant to the terms of the October 22, 2010 private placement of 14,666,739 special warrants ("Special Warrants").  The Special Warrants were issued to the selling securityholders at a purchase price of $2.30 per Special Warrant for aggregate gross proceeds to the Company of $33,733,500.  Following approval of the private placement by the Company's shareholders at a special meeting held on December 15, 2010, each Special Warrant was automatically exercised, for no additional consideration, for one common share of the Company and one common share purchase warrant.  In addition, the Company issued a total of 641,305 Special Warrants and 630,436 compensation warrants to the agents and finders that provided services to the Company in connection with the private placement.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time a registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or jurisdiction. The prospectus contained in registration statement is available online at www.sec.gov or by request to the Company at: 7961 Shaffer Parkway, Suite 5, Littleton, Colorado 80127, Attention: Connie Martinez, telephone (720) 981-1185.

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold project in Mexico, the Yellow Pine gold project in Idaho, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, the timing for effectiveness of the registration statement, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "potential", "indicate", "expect", "intend", "hopes", "believe", "may", "will", "if", "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, factors affecting the timing and effectiveness of the registration statement as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and other documents filed with the SEC and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185.

SOURCE Vista Gold Corp.

DENVER, March 16, 2011 /PRNewswire/ -- Vista Gold Corp. ("Vista" or the "Company") (NYSE Amex and TSX: VGZ) today provided an overview of the Company's recent operating highlights and selected financial results for the year ended December 31, 2010.  The Company's full financial results can be found in the Company's Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission (the "SEC") and the Canadian securities regulatory authorities on March 14, 2011.

Recent Highlights Include:

Results of a Preliminary Feasibility Study at the Batman Deposit located at our Mt. Todd gold project doubled our previously reported estimated proven and probable reserves. Please refer to our press release dated August 18, 2010 for further details on the Preliminary Feasibility Study.
Vista and Midas Gold Inc. ("Midas") entered into a Combination Agreement, that if completed, would result in the combination of interests in the Yellow Pine-Stibnite District to form the new Golden Meadows Project (the "Combination"), and announced the resource estimates for the proposed new project.  The Combination is subject to closing conditions and approvals, including the approval of Midas' shareholders.  See our press releases dated February 23, 2011 and March 2, 2011 for additional information on the Combination and the resource estimates for the proposed new project.
Repayment of the principal amount of US$23 million of our senior secured convertible notes (the "Notes") (with accrued interest) at maturity on March 4, 2011.
Our common share purchase warrants issued as part of the special warrant private placement offering in October 2010 started trading on March 14, 2011 on the TSX under the symbol VGZ.WT.S.

Commenting on the Company's achievements and results, Mike Richings, Executive Chairman and CEO, noted: "While we continue to advance the permitting for our Concordia gold project in Mexico, we dedicated much of 2010 to developing the other important projects in our portfolio.  In Australia, we have successfully completed two positive preliminary feasibility studies for the Mt. Todd gold project and have discovered new exploration targets on our exploration leases.  We have commenced the bankable feasibility study and the permitting process for the Mt. Todd gold project.  We plan to complete the study by the end of 2011 and expect permitting to be completed in the first half of 2012.

In February, we announced the entry into a Combination Agreement in relation to our proposed transaction to combine our Yellow Pine gold project with the Idaho holdings of Midas Gold Inc. to form a new company, Midas Gold Corp.  In much the same way that our spin-off of Allied Nevada unlocked the inherent value in our previously held Nevada properties and Hycroft Mine, we believe the combination with Midas is key to unlocking the full potential value of Yellow Pine and the Yellow Pine-Stibnite District.

Our Concordia gold project continues to have strong economics at current gold prices. As we already own some key, long-delivery pieces of milling equipment, we are ready to move forward once we receive the permits. In the meantime, we are initiating an exploration program at our Guadalupe de los Reyes gold and silver project also in Mexico.  The planned exploration program has the potential to expand the project's current estimated gold and silver resources.

Finally, and importantly, Vista is now debt free, and we can continue to focus on building value for our investors from all aspects of our portfolio."

Selected 2010 Results from Operations and Financial Data

For 2010, Vista posted a net loss of US$9.6 million, or US$0.20 per share, as compared to a net loss of US$1.9 million, or US$0.05 per share for the same period in 2009.  The increased net loss in 2010 was attributed primarily to a decrease in the gain on disposal of marketable securities of US$6.5 million. The gain during 2009 was mostly the result of the sale of the Company's Allied Nevada Gold Corp. ("Allied") shares which were retained in connection with the transaction that resulted in the formation of Allied and the transfer of Vista's Nevada properties to Allied.  Also contributing to the net loss for 2010 was an increase in the loss on extinguishment of convertible debt of US$2.5 million, a non-cash item.

Exploration, property evaluation and holding costs

Exploration, property evaluation and holding costs increased to US$2.1 million during the year ended December 31, 2010, as compared with $1.5 million for the same period in 2009.  The increase during 2010 was primarily due to an increase in holding costs at the Concordia gold project of US$700,000 which reflects increasing administrative and legal costs for activities related to permitting and community relations, which was offset by a decrease in holding costs at the PT Masmindo gold project of US$61,000.

Corporate administration and investor relations

Corporate administration and investor relations costs decreased to US$4.3 million during the year ended December 31, 2010, compared with US$4.6 million in 2009.  The decrease as compared to the prior period was primarily due to a decrease in stock-based compensation expense of US$389,000.

Interest expense

Interest expense was US$1.7 million during the year ended December 31, 2010, as compared to US$2.3 million in 2009.  Reduced interest expense in 2010 is primarily attributed to the repurchase of US$5.7 million of the Notes in May 2010.

Marketable Securities

At December 31, 2010, Vista held marketable securities available for sale with a quoted market value of US$1.7 million.  Vista purchased the securities for investing purposes with the intent to hold the securities until such time as it would be advantageous to sell the securities at a gain.

Notes

On May 20, 2010, the Company entered into a notes repurchase agreement (the "Agreement") with Whitebox Advisors LLC ("Whitebox") whereby Vista agreed to repurchase the remaining Notes held by Whitebox. Pursuant to the Agreement, Vista agreed to repurchase Notes in the principal amount of US$5.7 million and interest payable through maturity on the Notes of US$691,000.  Vista agreed to pay Whitebox US$2.2 million in cash and to issue 1,902,684 in Common Shares to Whitebox as consideration.

Financial Position, Liquidity and Capital Resources

Operating Activities

Net cash used in operating activities in 2010 was US$8.7 million, as compared with US$7.9 million in 2009.

Investing Activities

Net cash used in investing activities in 2010 was US$11.0 million, as compared with net cash provided by investing activities of US$3.3 million in 2009.  The increase of US$14.3 million in cash used by investing activities in 2010 was mostly the result of the following:

• A decrease in the proceeds from the sale of marketable securities of US$8.7 million.  On April 3, 2009, the Company sold all 1,529,848 common shares of Allied that it held for approximately US$9.0 million;
• An increase in cash used for additions to mineral properties of US$5.7 million.  During the 2010 period, Vista undertook an exploration and development drilling program at the Mt. Todd gold mine.  There were no similar programs during the 2009 period; and
• A decrease in the proceeds received upon the disposal of a mineral property.  In June 2009, Vista sold most of its remaining patented mining claims in Colorado for US$188,000.  There were no similar transactions during the 2010 period.

Financing Activities

Net cash provided by financing activities was US$31.1 million for the year ended December 31, 2010, as compared to US$19.8 million in 2009.  The increase of US$11.3 million was primarily the result of the completion of the October 2010 private placement of special warrants in which Vista offered and sold 14,666,739 special warrants for net proceeds after legal and other fees of US$33.3 million, as compared to the completion of public offerings in September of 2009 in which Vista offered and sold an aggregate 10.12 million Common Shares, for net proceeds of US$20.4 million.

Liquidity and Capital Resources

At December 31, 2010, Vista's total assets were US$120.4 million, as compared to US$92.6 million as of December 31, 2009. There were no long-term liabilities at December 31, 2010.  Long-term liabilities totaled US$25.2 million at December 31, 2009.  At December 31, 2010, Vista had working capital of US$18.5 million, as compared to US$29.4 million on December 31, 2009.

Management Discussion & Analysis and Conference Call

To review Vista's Form 10-K for the fiscal year ending December 31, 2010, including our Management Discussion & Analysis, visit www.sec.gov, www.sedar.com, or www.vistagold.com.  A conference call with management to review our year-end financial results for 2010 and corporate and project activities is scheduled on Thursday March 17, 2011 at 9:00 a.m. MDT.

Toll-free in North America:  1-866-443-4188

International:  1-416-849-6196

This call will also be web-cast and can be accessed at the following web location: http://www.snwebcastcenter.com/event/?event_id=1647

This call will be archived and available at www.vistagold.com after March 22, 2011.  Audio replay will be available for three weeks by calling in North America:  1-866-245-6755, passcode 118942

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold project in Mexico, the Yellow Pine gold project in Idaho, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California. For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

Cautionary note to U.S. investors concerning estimates of reserves and resources: This press release and the Preliminary Feasibility Study referred to in this press release use the term "proven and probable reserves" and "mineral reserves". We advise U.S. investors that while these terms are defined in and required by Canadian regulations, such definitions differ from the definitions in U.S. Securities and Exchange Commission ("SEC") Industry Guide 7.  Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.  U.S. investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into SEC Industry Guide 7 reserves.  This press release uses the term "resources." We advise U.S. investors that while this term is defined in and required by Canadian regulations, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures.  U.S. investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into SEC Industry Guide 7 reserves.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, the timing and completion of the bankable feasibility study at the Mt. Todd  gold project, the timing and completion of the permitting of the Mt. Todd and Concordia gold projects, the timing and completion of the combination with Midas Gold Inc,, the potential value of the combination with Midas Gold Inc., the completion of the current exploration project at the Guadalupe de los Reyes gold and silver project, the potential expansion of the resource estimate at the Guadalupe de los Reyes gold and silver project, and resource and reserve estimates , and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "potential", "indicate", "expect", "intend", "plan", "believe", "may", "will", "if", "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, factors affecting the timing and completion of the Mt. Todd bankable feasibility study, risks and uncertainties regarding the timing and completion of the permitting at the Concordia and Mt. Todd gold projects, uncertainty regarding shareholder and regulatory approvals of the combination with Midas Gold Inc., uncertainty regarding the future value of the combined Midas Gold Corp., risks and uncertainty regarding the drilling program at Guadalupe de los Reyes, uncertainty of resource and reserve estimates, estimates of results based on such resource and reserve estimates, risks relating to cost increases for capital and operating costs, , risks of shortages and fluctuating costs of equipment or supplies, risks relating to fluctuations in the price of gold, the inherently hazardous nature of mining-related activities, potential effects on Vista's operations of environmental regulations in the countries in which it operates, risks due to legal proceedings, risks relating to political and economic instability in certain countries in which it operates, and uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed under the headings "Note Regarding Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 14, 2011, and other documents filed with the SEC and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com.

SOURCE Vista Gold Corp.

DENVER, March 7, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) ("Vista" or the "Corporation") is pleased to announce that it has repaid its U.S. $23 million principal amount of outstanding 10% senior secured convertible notes (the "Notes") (plus accrued interest) which matured on March 4, 2011.  These payments were made using available cash and did not require any borrowing.  Final cancellation of the Notes depends upon the completion of certain administrative duties of HSBC Bank USA, N.A. (the "Trustee"), pursuant to Article 8 of the note indenture, dated March 4, 2008 (the "Note Indenture"), among Vista, Vista's Mexican operating subsidiary, Minera Paredones Amarillos S.A. de C.V., as guarantor (which has subsequently changed its name to Desarrollos Zapal S.A. de C.V., the "Guarantor"), the Trustee and HSBC Mexico, S.A. De C.V., Institucion de Banca Multiple, Grupo Financiero HSBC, Division Fiduciaria, as collateral agent (the "Collateral Agent").

Vista's obligations under the Notes were guaranteed by the Guarantor and the guarantee was secured by the personal property and real property associated with Vista's Concordia gold project.  Pursuant to the Note Indenture, payment of the principal and interest on the Notes, in full, constitutes satisfaction and discharge of the guarantee and security interest and the Collateral Agent has been instructed to complete such instruments as are necessary to release or reconvey to the Guarantor all of the pledged assets freed and discharged from these security interests.

See our press releases dated February 12, 2008, and March 7, 2008 for additional information on the Notes.

Mike Richings, Vista's Chairman and Chief Executive Officer, stated:  "With the repayment of the Notes, Vista has significantly strengthened its financial position. We have lowered our financing costs and simplified our capital structure. Vista is now debt free and focused on pursuing its 2011 development plans, including advancing a bankable feasibility study for the Mt. Todd gold project and, upon completion of Vista's previously announced combination with Midas Gold, Inc., supporting Midas Gold's development of the Golden Meadows Project in Idaho.  We've initiated an exploration program on our Guadalupe de los Reyes prospect in Mexico and remain ready to launch our Concordia gold project in Baja California Sur if and when we receive the remaining permits.  Vista is fortunate to have assembled an attractive portfolio of gold assets, at various stages of development, and our goal is to continue building value for our investors from all aspects of our portfolio."

About Vista Gold Corp.

Vista is focused on the development of the Concordia gold project in Baja California Sur, Mexico, and the Mt. Todd gold project in Northern Territory, Australia, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold project in Mexico, the Yellow Pine gold project in Idaho, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as advancing a bankable feasibility study for the Mt. Todd gold project, supporting Midas Gold's development of the Golden Meadows Project in Idaho,  the completion of the combination with Midas Gold, the exploration of the Guadalupe de los Reyes prospect, the launch of the Concordia project and receipt of the necessary permits at the Concordia project, estimates of mineral resources, the conversion of inferred resources to measured and indicated resources, the conversion of mineral resources to mineral reserves, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic", "potential", "indicate", "expect", "intend", "hopes," "believe," "may," "will," "if, "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, risks related to the timing and completion of the bankable feasibility study at the Mt. Todd gold project, Vista's, Midas' or Midas Gold's acquisition, exploration and property efforts will not be successful, risks that may affect Vista's or Midas' ability to complete the combination, including risks that Midas may be unable to obtain the required shareholder approval, risks related to the timing and receipt of permits at the Concordia gold project and risks related to the launch of the Concordia gold project, uncertainty of reserve and resource estimates, estimates of results based on such reserve and resource and reserve estimates; risks relating to completing metallurgical testing; uncertainty of future feasibility study results; risks relating to cost increases for capital and operating costs including cost of power; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; risks related to increased leverage and uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 16, 2010, and Quarterly Report on Form 10-Q, as filed on November 9, 2010, and other documents filed with the SEC and Canadian securities commissions.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185.

SOURCE Vista Gold Corp.

DENVER, March 2, 2011 /PRNewswire/ -- Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) ("Vista" or the "Company") today announced that it has received from Midas Gold, Inc. ("Midas") the reports containing estimates of the gold mineral resources for the Hangar Flats and West End deposits. These two gold deposits are located close to Vista's Yellow Pine project.  As previously announced, Vista and Midas have entered into a Combination Agreement pursuant to which Vista and Midas have agreed to combine Midas' Hangar Flats and West End deposits with Vista's Yellow Pine project (the "Combination") into a new company, Midas Gold Corp. ("Midas Gold").  Assuming the completion of the Combination, Vista will own 35% of the shares of Midas Gold.  Completion of the Combination is subject to a number of conditions, including receipt of approval of the shareholders of Midas and other customary approvals and closing conditions.  The completion of the Combination is expected to occur in April 2011, following the approval of Midas' shareholders. Key Midas shareholders and management have entered into voting support agreements pursuant to which they have agreed to vote in favor of the Combination.

Highlights of the new resource estimates for Hangar Flats and West End deposits indicate:

Combined estimated indicated mineral resources of 1.7 million oz of gold
Combined estimated inferred mineral resources of 1.6 million oz of gold
Multiple advanced exploration targets with potential to grow the resource base

Combined with Vista's Yellow Pine deposit the new project, known as Golden Meadows, will have an estimated 3.95 million ounces measured and indicated mineral resources and 2.4 million ounces of inferred mineral resources, based on current estimations. Also, Golden Meadows will have multiple advanced exploration targets with potential to expand the existing resource.

Commenting on the proposed combination Vista's Executive Chairman and CEO, Mike Richings, stated: "We acquired Yellow Pine in 2003 when gold prices were low.  The project had a substantial gold resource but because of a limited land position, Yellow Pine did not have significant exploration upside on its own and was additionally burdened by a 5% NSR royalty. As this royalty and the surrounding land is held by Midas, the logic for combining our interests was compelling.  By retaining a 35% interest in the combined properties, we will have a significant interest in a major gold district and gain exposure to the potential for new discoveries on Midas Gold's properties. The combined holdings of Midas Gold will total 12,720 acres, with multiple, advanced exploration targets along identified trends.  We believe the Combination with Midas is key to unlocking the full potential value of Yellow Pine and the Yellow Pine-Stibnite gold district."

The independent resource estimate for our Yellow Pine deposit was initially announced by Vista on November 19, 2003, and the "Yellow Pine Project, Idaho, USA, Technical Report" dated November 17, 2003 was filed on SEDAR on December 12, 2003. Vista subsequently incorporated those mineral resource estimates in the "Preliminary Assessment of the Yellow Pine Project, Yellow Pine, Idaho" dated December 13, 2006 (the "PEA") filed on SEDAR on December 15, 2006. The PEA was prepared by Pincock, Allen and Holt (PAH) under the direction of Mr. Barton Stone.  Mr. Stone is an independent qualified person as defined by Canada's National Instrument 43-101 ("NI 43-101") and has reviewed and consented to the disclosure in this release.

The mineral resource estimates for the Hangar Flats and West End deposits were prepared by SRK Consulting (US) Inc. ("SRK") in accordance with NI 43-101 under the direction of Mr. Bart Stryhas, PhD, CPG, an independent qualified person as defined by NI 43-101. Mr. Bart Stryhas has reviewed and consented to the disclosure in this release.  Midas Gold has previously announced that it has retained SRK to complete a new mineral resource estimate for Vista's Yellow Pine deposit. Midas has advised us that it expects the study to be completed by the end of March 2011. The SRK reports for Hangar Flats and West End Deposits can be found on the Midas website www.midasgoldinc.com.

The PAH technical reports can be found at the Company's website at www.vistagold.com and the SRK reports on Hangar Flats and West End addressed to Vista will be filed on SEDAR within 45 days of this release and will at that time be posted on Vista's website.

Based on the SRK and PAH technical reports, the estimated gold resources for the Golden Meadow's project are:

Hangar Flats Mineral Resource Estimate

Mineralization associated with the Hangar Flats deposit has a primary structural control.  The Meadow Creek fault zone and adjacent quartz monzonite units are the primary hosts for gold mineralization.  The Meadow Creek fault zone consists of two high angle faults, both striking north-south and dipping 80° to 85° west. The geology and grade of the deposit have been modeled using industry standard software and methodologies. The resource database for the Hanger Flats deposit is comprised of 137 drillholes totaling 17,245m (including 37 core holes drilled in 2009 and 2010) and 2,652 underground samples totaling 4,173m. The grades have been estimated using an inverse distance squared algorithm. The results of the resource estimation provided a CIM classified indicated and inferred mineral resource estimate.  SRK reports that the mineral resources were classified mainly on sample support and sample spacing.

The cut-off grades for the oxide and sulfide resources were calculated at a gold price of $1,200 per ounce and reflect the existence of a 5% NSR royalty and differences in recoveries and processing costs that are expected to be associated with the different ore types.  The mineral resources are confined within a conceptual Whittle® pit design based on the same parameters used for the cut-off grade and a 45° pit slope.  

West End Mineral Resource Estimate

Mineralization associated with the West End deposit has a primary structural control and a secondary lithologic control. The West End fault zone consists of three, major high angle faults striking at azimuth 30° and dipping 50 to 75° southeast. The width of the fault zone, as measured between the Footwall and the Hanging Wall faults, varies from 100 to 300 ft. The geology and grade of the deposit have been modeled using industry standard software and methodologies. The resource database for the West End deposit is comprised of 622 drillholes, totaling 181,783ft. There are 517 reverse circulation drill holes and 105 core holes. The grades have been estimated using an inverse distance squared algorithm. The results of the resource estimation provided a CIM classified indicated and inferred mineral resource estimate.  SRK reports the quality of the drilling and data is very good and the mineral resources were classified mainly according to the general drillhole spacing.

The cut-off grades for the oxide and sulfide resources were calculated at a gold price of $1,200 per ounce and reflect differences in recoveries and processing costs that are expected to be associated with the different ore types.  The mineral resources are confined within a conceptual Whittle® pit design based on the same parameters used for the cut-off grade and a 50° pit slope based on historic mining practices.  

Yellow Pine Mineral Resource Estimate

The Yellow Pine mineral resource estimates were prepared in 2003 and incorporated into a preliminary economic assessment filed on SEDAR on December 15, 2006.  The Yellow Pine resources were calculated using data from 538 reverse circulation and core drill holes totaling 36,857 meters.  Vista has not completed any drilling on the Yellow Pine project since 2003.

Exploration Potential at the Combined Golden Meadows Project

The combined Golden Meadows project, assuming completion of the Combination, contains potential to grow the existing resource and to discover new deposits.  The Hangar Flats trend is open to the north, where mineralization has been continuously traced by trenching, wide spaced drilling and underground exploration drifts for a distance approximately equivalent to that currently hosting the currently defined mineral resources at Hangar Flats.  The West End mineral resource is open along strike to the NE and SW and down dip to the SE.  Midas has indicated that these areas will be a priority exploration focus in 2011.  In addition, the Yellow Pine deposit remains open to expansion in a number of directions, particularly on strike to the NE.  This potential is also expected be evaluated by Midas Gold in 2011.  For further exploration see information contained on the Midas Gold website: www.midasgoldinc.com.

Vista's President & COO, Fred Earnest, stated: "The consolidation of the district presents an opportunity to fully evaluate the exploration potential of the district without the constraints of fractional ownership.  The interrelated nature of the deposits in this district has not previously been fully evaluated.  We are pleased with the results of Midas' 2010 exploration program and look forward to the implementation of this year's exploration plans. Midas' management has discussed with us its comprehensive program for 2011 designed to confirm and expand existing resource estimates, to follow up on and further delineate advanced targets and to test some interesting new areas identified in Midas' previous field programs."

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold project in Mexico, the Yellow Pine gold project in Idaho, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California. For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as the completion of the Combination, the impact and benefit of combining Vista's Yellow Pine gold project with Midas' Hangar Flats and West End deposits, the potential to expand existing resources and for new discoveries, the impact of the Combination on our share price, the timing and completion of  SRK's technical report on Yellow Pine, potential changes in our current Yellow Pine mineral resource estimate, results of Midas' 2011 exploration plan, estimates of mineral resources, the conversion of inferred resources to measured and indicated resources, the conversion of mineral resources to mineral reserves, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic", "potential", "indicate", "expect", "intend", "hopes," "believe," "may," "will," "if, "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, risks that Vista's, Midas' or Midas Gold's acquisition, exploration and property efforts will not be successful, risks that may affect Vista's or Midas' ability to complete the Combination, including risks that Midas may be unable to obtain the required shareholder approval, uncertainty of reserve and resource estimates, estimates of results based on such reserve and resource and reserve estimates; risks relating to completing metallurgical testing; uncertainty of future feasibility study results; risks relating to cost increases for capital and operating costs including cost of power; risks relating to delays at Yellow Pine, Hangar Flats and West End projects; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; risks related to repayment of debt; risks related to increased leverage and uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 16, 2010, and Quarterly Report on Form 10-Q, as filed on November 9, 2010, and other documents filed with the SEC and Canadian securities commissions.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

Without limiting the foregoing, this press release uses terms that comply with reporting standards in Canada and certain estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosures an issuer makes of scientific and technical information concerning mineral projects.  All mineral resource estimates contained in this press release, including the terms "measured mineral resources," "indicated mineral resources", and "inferred mineral resources" have been prepared in accordance with NI 43-101, and these standards differ significantly from the requirements of the SEC.  The resource and reserve information contained in this press release is not comparable to similar information disclosed by U.S. companies.  See the Cautionary Notes to U.S. Investors above.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com

SOURCE Vista Gold Corp.

DENVER, Feb. 23, 2011 /PRNewswire/ -- Vista Gold Corp. ("Vista", TSX & NYSE Amex Equities: VGZ) and Midas Gold, Inc. ("Midas", a private Washington company) today announced that Midas and certain of Vista's US subsidiaries have executed a Combination Agreement ("the Combination Agreement") whereby they will contribute their respective Idaho gold assets through a share exchange and contribution to Midas Gold Corp., a new Canadian private company ("Midas Gold").  If the plan of share exchange is approved by the shareholders of Midas, and all other conditions to the transaction are satisfied or waived, Midas Gold will be owned, on a fully diluted basis, 65% by Midas and 35% by Vista.  

"We believe the combination of Vista's and Midas' Idaho gold assets is the first step towards fully valuing our holdings in the Stibnite-Yellow Pine gold district," said Mike Richings, Executive Chairman & CEO of Vista.  "The combined holdings will create a company with sizeable gold deposits and district exploration potential.  Advancement of our Yellow Pine and the Midas properties will be the sole focus of Midas Gold under the very capable leadership of Mr. Stephen Quin.  Vista has been successful with similar asset rationalization strategies in the past and we believe our shareholders will benefit from Vista US' shareholding in Midas Gold and Midas Gold's focused exploration of these assets."

"The Combination Agreement with Vista will finally consolidate the Stibnite-Yellow Pine gold district under one company, which should allow for the first systematic evaluation of gold potential in the district, unconstrained by artificial property boundaries," said Stephen Quin, President & CEO of Midas Gold. "Midas will be contributing the Hangar Flats and West End gold deposits, with their significant estimated gold mineral resources, along with its significant and highly prospective land holdings, to Midas Gold, while Vista is contributing Yellow Pine, the largest gold deposit in the district," he said.  "In addition, considerable upside exploration potential remains, with opportunities to expand all three known gold deposits along strike and to depth.  Further, there is potential to discover entirely new deposits, based on information contained within an extensive exploration database covering Midas' extensive land holdings in the district."

Combination Agreement

The reorganization of the ownership of the Stibnite-Yellow Pine gold district will be effected pursuant to the Combination Agreement among Midas, Midas Gold , Vista's wholly-owned subsidiary, Vista Gold U.S. Inc, a Delaware corporation ("Vista US") and its wholly owned subsidiary, Idaho Gold Resources, LLC, an Idaho limited liability company ("Idaho Gold"), assuming the plan of share exchange is approved by the shareholders of Midas at a special meeting and all of the other conditions to the closing of the reorganization are satisfied or waived.  Following the execution of the Combination Agreement, Midas will hold a special meeting of its shareholders (the "Special Meeting").  The purpose of the Special Meeting is to consider and approve a plan of share exchange (the "Plan of Share Exchange") between Midas and Midas Gold pursuant to which Midas' outstanding shares of common stock (the "Midas Shares") and outstanding options (the "Midas Options"), other than Midas Shares held by dissenting shareholders, will be exchanged for common shares and options of Midas Gold (the "Midas Gold Shares" and "Midas Gold Options", respectively), with the result that Midas will become a wholly-owned subsidiary of Midas Gold.

The Plan of Share Exchange is part of a broader, integrated transaction undertaken pursuant to the terms of the Combination Agreement, pursuant to which, if the Plan of Share Exchange is approved at the Special Meeting and the other conditions to closing specified in the Combination Agreement are satisfied or waived:

Vista US will: (a) organize Idaho Gold Holding Company, as a wholly-owned Idaho corporation ("Idaho Holdco"); (b) contribute its equity interests in Idaho Gold to Idaho Holdco, and (c) at closing, contribute all of the issued and outstanding shares of common stock of Idaho Holdco to Midas Canada as a capital contribution, in exchange for that number of Midas Gold Shares equal to, on a fully diluted basis, thirty-five percent (35%) of the Midas Gold Shares that are issued and outstanding at the time the transactions specified in the Combination Agreement and the Plan of Exchange are completed;
The shareholders of Midas, other than any dissenting shareholders, will contribute their Midas Shares to Midas Gold in exchange for that number of Midas Gold Shares equal to, on a fully diluted basis, sixty-five percent (65%) of the Midas Gold Shares that are issued and outstanding at the time the transactions specified in the Combination Agreement and the Plan of Exchange are completed; and
The holders of Midas Option will exchange their Midas Options for Midas Gold Options of like tenor.  

About the Golden Meadows Project

The Stibnite-Yellow Pine gold district lies at the intersection of major regional fault systems and lies on the margin of the western ring fracture margin of the tertiary Thunder Mountain caldera complex.  Gold mineralization within the Golden Meadows Project appears to be related to an intrusion-related, gold-rich system overprinted by a younger, epithermal gold system with increased silver and antimony.  Historic gold production from the district is estimated at approximately one million ounces, primarily from underground, higher-grade gold-antimony production at Hangar Flats from 1925-38, open pit mining at Yellow Pine from 1938-52, and from heap leaching of oxide gold occurrences, including West End, Garnet Creek and Homestake, from 1974 to 1997.  The deeper sulphide gold potential has seen little modern exploration. The principal gold deposits identified to date within the Golden Meadows Project are Midas' Hangar Flats and West End deposits, and Vista's Yellow Pine deposit, all of which are associated with significant structural corridors.  In addition, numerous other gold targets have been identified, with potential for both shallow oxide mineralization and deeper sulphide potential.

The independent resource estimate for the Yellow Pine deposit was initially announced by Vista on November 19, 2003, and the "Yellow Pine Project, Idaho, USA, Technical Report" was filed on SEDAR on December 12, 2003.  Vista subsequently incorporated those mineral resources in the "Preliminary Assessment of the Yellow Pine Project, Yellow Pine, Idaho" filed on SEDAR on December 15, 2006.  Both documents are filed under Vista's profile on SEDAR (www.sedar.com).

Since the filing of the 2006 preliminary assessment for Yellow Pine, there has been no drilling within the area of the mineral resource estimate for Yellow Pine.  As part of the combination of the Midas and Vista properties, Midas has retained SRK Consulting (US) Inc. ("SRK") to complete a new NI 43-101 compliant mineral resource estimate for the Yellow Pine deposit using similar technical parameters as those used for the Midas properties.  Given that Midas has recovered additional historic data, the different approaches to the estimation of mineral resources and current economic conditions used by SRK, combined with the lack of recent drilling at Yellow Pine, the mineral resource estimate for Yellow Pine may change.  Further, SRK is likely to require some additional confirmatory drilling at Yellow Pine before it can classify the deposit in the indicated or measured categories.  Therefore, following the combination, some or all of the mineral resources at Yellow Pine are expected to be reclassified into the inferred category until Midas Gold completes the confirmatory drilling during the summer of 2011.  It is anticipated that SRK will complete its new mineral resource estimate for the Yellow Pine deposit by the end of March 2011.  

As noted in the February 22, 2011 news release by Midas, all three deposits in the Stibnite-Yellow Pine gold district remain open to expansion with opportunities to expand all three known gold deposits along strike and to depth.  Further, there is potential to discover entirely new deposits based on information contained within an extensive exploration database.

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold project in Mexico, the Yellow Pine gold project in Idaho, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California. For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, estimates of mineral resources, the conversion of inferred mineral resources to measured and indicated resources, the conversion of mineral resources to mineral reserves, the potential to expand the resource base at the Yellow Pine gold project, the timing for completion and expected results of the 43-101 resource estimate by Midas relating to its properties in the District, potential gold resources at the Yellow Pine gold project and on Midas properties located in the District, the entering into a definitive agreement with Midas, the extinguishment of the 5% net smelter returns royalty on the Yellow Pine gold project, the timing for the completion of the definitive agreement and completion of the proposed transaction, the potential upsize resulting from the combination of the Yellow Pine gold project with Midas' assets in the District, the quantum of the potential value realization, if any, resulting from the proposed transaction, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will,", "could", "if," "anticipate," and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, negotiating a satisfactory definitive agreement, timing for completing the definitive agreement, obtaining board and regulatory approvals, tax consequences of the proposed combination, the ability to find and hire an appropriate management team for Midas Gold, the ability to integrate the operations of Midas Gold, uncertainty of resource estimates, estimates of results based on such resource estimates; risks relating to cost increases for capital and operating costs; risks relating to delays in the completion of the drilling program, risks related to the adequacy of the design of the drilling program, risks related to the ability to obtain the necessary permits, risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; as well as those factors discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 16, 2010, and Quarterly Report on Form 10-Q, as filed November 9, 2010, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

Without limiting the foregoing, this press release uses terms that comply with reporting standards in Canada and certain estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosures an issuer makes of scientific and technical information concerning mineral projects.  All mineral resource and reserve estimates contained in this press release, including the terms "measured mineral resources," "indicated mineral resources" and "inferred mineral resources" have been prepared in accordance with NI 43-101, and these standards differ significantly from the requirements of the United States Securities and Exchange Commission ("SEC").  "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures.  The resource information contained in this press release is not comparable to similar information disclosed by U.S. companies. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 reserves.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com.

SOURCE Vista Gold Corp.

DENVER, Feb. 8, 2011 /PRNewswire/ -- Vista Gold Corp. ("Vista" or the "Company") (TSX & NYSE Amex Equities: VGZ) reported today on its recent meetings with officials of the Northern Territory Government, Australia (the "Territory Government"), to set development objectives for ongoing site management and permitting activities for the Company's Mt. Todd gold project.  

Vista acquired the Mt. Todd gold project in February 2006.  As part of its acquisition, Vista entered into an agreement (the "Agreement") with the Territory Government.  As part of the Agreement, the Territory Government agreed to maintain liability for the brownfields site rehabilitation on the Mt. Todd gold project, until Vista receives the permits to proceed with the development of the Mt. Todd gold project, and Vista agreed to undertake comprehensive environmental, technical and economic studies for the potential redevelopment of the Mt. Todd gold project.  The initial term of the Agreement was for a five-year period commencing January 1, 2006.  During the initial period of the Agreement, in addition to fulfilling its obligations as the manager of the site, Vista successfully completed environmental evaluations, exploration programs and various technical studies.  Significant achievements during this period include:

• Completion of a preliminary environmental assessment of the Mt. Todd gold project,
• Improvements to the water management plan and surface water quality monitoring program,
• Implementation of a site environmental management plan consistent with Territory Government policies,
• Completion of drilling programs totaling approximately 18,000 meters,
• Completion of technical studies which reported a significant growth in NI 43-101 mineral resources of the project and two favorable preliminary feasibility studies with the associated reporting of NI 43-101 mineral reserves, and
• The design, construction and ongoing operation of a water treatment facility.

As a result of the positive preliminary feasibility studies, Vista exercised its option to extend the Agreement for an additional five-year period in November 2010.  Since acquisition of the Mt. Todd gold project in 2006, Vista has invested $18 million to advance the project.

During recent meetings with Territory Government officials in Darwin, Australia, Vista executives briefed the Territory Government on recent activities at the Mt. Todd gold project and presented Kon Vatskalis, Minister for Resources, with a copy of Vista's January 2011 Preliminary Feasibility Study for the development of the Mt. Todd gold project.  The Company also briefed Minister Vatskalis on the Company's planned development activities for 2011 which are expected to include further environmental, technical and economic studies intended to advance the project to final feasibility.  Vista executives also met with environmental officials of the Territory Government and indicated that the Company intends to initiate the environmental permitting process for the project in the second quarter of this year.

Fred Earnest, Vista's President and Chief Operating Officer said: "We have had a series of productive meetings with Minister Vatskalis, other senior government officials and technical officers in various departments, and feel we have outlined an effective program for the ongoing management of the Mt. Todd gold project, initiation of the environmental permitting process, and the completion of other technical studies required for the further development of the Mt. Todd gold project.  As with all of our projects, we are committed to the highest standards of responsible resource development and believe that the development of the Mt. Todd gold project will benefit the Northern Territory through the creation of jobs, direct and indirect revenues, and long-term, comprehensive environmental management and remediation."

In a separate media release issued by Minister Vatskalis, the Territory Government expressed their continued support for Vista's management and ongoing development of the Mt. Todd gold project, noting that, "Resources Minister Kon Vatskalis today welcomed an announcement by Vista Gold that they will commence the next step in its feasibility study of the former Mount Todd Mine site and begin the process of obtaining the necessary environmental permits for the project."  Minister Vatskalis went on to say, "I welcome Vista Gold's enthusiasm towards this project as its development would create jobs for the Territory and assist in the rehabilitation of the site in the future."  The full Territory Government media release can be found at the Company's website, www.vistagold.com.

On January 4, 2011, the Company announced the results of a new Preliminary Feasibility Study for the Mt. Todd gold project.  The complete study can now be found on SEDAR at www.sedar.com.

About Vista Gold Corp.

Vista is focused on the development of the Mt. Todd gold project in Northern Territory, Australia, and the Concordia gold project in Baja California Sur, Mexico, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold project in Mexico, the Yellow Pine gold project in Idaho, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California. For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as, planned development activities at the Mt. Todd gold project, including, planned environmental, technical and economic studies and a final feasibility study, planned timing and anticipated results of environmental permitting at the Mt. Todd gold project, anticipated benefits to the Northern Territory from the development of the Mt. Todd gold project, including the creation of jobs, direct and indirect revenues, and the results of long-term comprehensive environmental management and remediation, estimates of mineral resources, the conversion of inferred mineral resources to measured and indicated resources, the conversion of mineral resources to mineral reserves, the potential to expand the resource base at the Mt. Todd gold project, the potential to enhance the project economics of the Mt. Todd gold project through engineering studies and the drill program, the anticipated timing, design and expected results of the drill program at the Mt. Todd gold project, the timing for commencement and results of the definitive feasibility study for the Mt. Todd gold project; the confirmation of the metallurgical parameters of the Mt. Todd gold project, favorable effects of Mt. Todd gold project economics, and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic," "potential," "indicate," "expect," "intend," "hopes," "believe," "may," "will," "if," "anticipate," and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of resource estimates, estimates of results based on such resource estimates; risks relating to completing metallurgical testing; risks relating to cost increases for capital and operating costs; risks relating to delays in the completion of  anticipated development activities at the Mt. Todd gold project, risks related to the timing and the ability to obtain the necessary permits at the Mt. Todd gold project, risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; risks related to repayment of debt; risks related to increased leverage and uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 16, 2010, and Quarterly Report on Form 10-Q, as filed November 9, 2010, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

Without limiting the foregoing, this press release and the pre-feasibility study referenced in this press release, use terms that comply with reporting standards in Canada and certain estimates are made in accordance with Canadian National Instrument NI 43-101 ("NI 43-101"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosures an issuer makes of scientific and technical information concerning mineral projects.  This press release and the pre-feasibility study referenced in this press release use the terms "mineral resources", "measured resources", "indicated resources," "measured and indicated resources" and "inferred resources". We advise U.S. investors that while these terms are recognized and required by Canadian regulations, these terms are not defined terms under the United States Securities and Exchange Commission's (the "SEC") Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of a feasibility study or prefeasibility studies, except in rare cases The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures.  This press release and the pre-feasibility study referenced in this press release use the terms "mineral reserves" and "proven and probable reserves".  We advise U.S. investors that while these terms are defined in and required by Canadian regulations, such definitions differ from the definitions in SEC Industry Guide 7.  Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.  U.S. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 reserves.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com.

SOURCE Vista Gold Corp.

DENVER, Jan. 24, 2011 /PRNewswire/ -- Vista Gold Corp. ("Vista" or the "Company") (TSX & NYSE Amex Equities: VGZ), in response to what it believes to be misleading media coverage in Baja California Sur, Mexico ("BCS"), today provided an interim update on the permitting process for its Concordia gold project in BCS.  Vista is proceeding with Concordia's development in accordance with federal mining and environmental laws and continues to be in compliance with all statutory obligations and responsibilities in BCS.  

Fred Earnest, Vista's President and COO commented: "Based on our ongoing dialogue with officials in the Secretariat of Environment and Natural Resources, the Secretariat of Agrarian Reform, the General Direction of Mines of the Secretariat of Economy, ProMexico and our advisors in Mexico, we remain confident of our legal right to advance and permit this important project.  We are actively pursuing all avenues to advance the project through the remaining permitting stages.  Consistent with previous disclosure, we cannot be certain of the timing to complete the permitting process.  Vista will allocate the appropriate levels of project expenditure while permitting efforts continue."

Vista believes that the Concordia gold project has been designed to comply not only with applicable Mexican legislation, but with the highest international standards for the protection of the environment and the health and safety of the proposed workforce and members of the local communities.  When all permits and approvals are in place, Vista intends to invest more than US$200 million to construct a modern mining facility that is expected to provide jobs for 400 to 600 workers during construction and 300 full-time employees during the project's life.  Vista's plan to construct a desalination plant is designed to satisfy the project's water needs without compromising the quality and supply of existing sources of water for local communities.  Upon closure of the project, the desalination plant is intended to become a long-term, fresh water source for the communities neighboring the project area.  The Company continues to work actively with communities in the project area and enjoys strong support from the local community.

Mr. Earnest continued: "Vista is a gold portfolio company offering its shareholders exposure to several advanced, large and potentially highly prospective gold mining development opportunities.  In addition to maintaining our efforts at Concordia, we intend to bring to bear increased effort in 2011 on the other important assets in the Company's portfolio.  We plan to advance the development of the Mt. Todd gold project in Australia, including the planned completion of a bankable feasibility study by the end of 2011. In addition, we are accelerating our plans to unitize our assets in the Yellow Pine - Stibnite district in Idaho, through a proposed business combination with Midas Gold Inc. to create a significant new, gold exploration company.  We will continue to provide updates on all of our gold projects as information becomes available."    

Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as the potential outcome of Vista's efforts to permit the Concordia gold project, Vista's intention to continue with the development of the Concordia gold project, the timing to complete the permitting process for the Concordia gold project, expected future expenditures on the Concordia gold project, the cost of the potential development of the Concordia gold project, the number of expected jobs to be created for the development and operation of the Concordia gold project, the future water need of the Concordia gold project and the effectiveness of the project's design to meet those water needs, the intended future use of the desalination plant at the Concordia gold project, the planned focus of the Company's resources and efforts in the fiscal year 2011, the completion of a Mt. Todd pre-feasibility study by the end of 2011, and the completion and outcome of the proposed Yellow Pine and Midas transaction are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic", "potential", "indicate", "expect", "intend", "hopes," "believe," "may," "will," "if, "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty related to the permitting process for the Concordia project, risks related to the political and social environment in Baja Sur California, Mexico and the effects on the Concordia project, risks related to Vista's rights to advance the Concordia project to development, risks related to actual costs for development of the Concordia project, risks related to increased future water needs and the design and implementation of the project's plan to meet those needs, uncertainty of reserve and resource estimates, estimates of results based on such reserve and resource and reserve estimates; risks relating to completing metallurgical testing and scheduling for a pre-feasibility study on the Mt. Todd gold project; risks relating to projected cost increases at the Concordia gold project for capital and operating costs including cost of power and water; risks relating to delays at the Concordia and Mt. Todd gold projects; risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; risks related to repayment of debt; risks related to increased leverage and uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 16, 2010, and Quarterly Report on Form 10-Q, as filed November 9, 2010 and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities commissions.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com

SOURCE Vista Gold Corp.

DENVER, Jan. 6, 2011 /PRNewswire/ -- Vista Gold Corp. ("Vista" or the "Company") (TSX & NYSE Amex Equities: VGZ) announced today that as a result of unusual market activity in the Company's common shares on January 5, 2011, the NYSE Amex contacted the Company in accordance with the NYSE Amex's usual practice and requested that the Company issue a public statement regarding the unusual market activity.  The Company states that its policy is not to comment on unusual market activity.

About Vista Gold Corp.

Vista is focused on the development of the Concordia gold project in Baja California Sur, Mexico, and the Mt. Todd gold project in Northern Territory, Australia, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold project in Mexico, the Yellow Pine gold project in Idaho, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California. For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic", "potential", "indicate", "expect", "intend", "hopes," "believe," "may," "will," "if, "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors are discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 16, 2010, and Quarterly Report on Form 10-Q, as filed November 9, 2010, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities commissions.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at www.vistagold.com

SOURCE Vista Gold Corp.

DENVER, Jan. 4, 2011 /PRNewswire/ -- Vista Gold Corp. ("Vista" or the "Company") (TSX & NYSE Amex Equities: VGZ) is pleased to announce the positive results of a new Preliminary Feasibility Study ("PFS") for the Batman deposit at the Company's wholly-owned Mt. Todd gold project in Northern Territory, Australia.  The new PFS was managed by Tetra Tech Inc. ("Tetra Tech") of Golden, Colorado, and expands upon the PFS previously completed by Tetra Tech and announced on August 18, 2010.  The PFS evaluates the viability of a 30,000 tonne per day processing facility and the optimized extraction of the identified mineral resource.  Highlights of the PFS include:

• Increased estimated reserves up 103% from previous PFS
  • Estimated 4.1 million ounces of gold
• Improved production and life
  • Average annual production 240,000 ounces of gold per year
  • 14 year life
• Improved economics at long-term and current gold prices
  • 13.9% pre-tax internal rate of return at $1000 gold price
  • 23.2% pre-tax internal rate of return at $1350 gold price
  • $385 million pre-tax NPV (5%discount) at $1000 gold price
  • $945 million pre-tax NPV (5%discount) at $1350 gold price

The PFS study is expected to be filed on SEDAR (at www.sedar.com) within 45 days.  All dollar amounts in this press release are in US dollars unless otherwise noted.  

The PFS was evaluated using a gold (Au) price of $1000 per ounce, which is less than the three-year trailing average of $1023 per ounce. Mineral reserve estimates and production highlights are tabulated below.

Fred Earnest, President and COO of Vista, stated, "We believe that this is an important and positive step forward in our development of the Mt. Todd gold project.  Four months ago we demonstrated the technical and economic viability of this project with a preliminary feasibility study that was constrained by the project's existing tailings storage capacity of 60 million tonnes.  By utilizing the remaining capacity in the project's existing tailings storage facility and deferring the capital for additional tailings storage capacity until later in the project's life, we have been able to increase the size of the proposed process facility to a more economic level of 30,000 tonnes per day and increase the projected annual production to 250,000 ounces per year over the first five years of the project.  Based on these positive results, we have now commenced a feasibility study for the Mt. Todd gold project that we expect to complete in the latter part of the 2011.  As part of the feasibility study program, we will undertake studies to further optimize the proposed operation, evaluate opportunities to reduce estimated capital costs and enhance project returns.  Advancing Mt. Todd will be our priority in 2011 and we have committed the resources to accomplish this.  In the coming months we expect to hire key project personnel and establish a visible presence in the Northern Territory, appropriate to the stage of development."

The PFS was completed using a foreign exchange rate of $0.85 = A$1.00 and incorporates mid-2010 costs.  The following table summarizes the economic results at a gold price of $1000 per ounce with a comparison to economic results at a gold price of $1350 per ounce and a foreign exchange rate of $1.00 = A$1.00.

Mike Richings, Executive Chairman and CEO of Vista added the following comments, "In 2006 we invested approximately $2.0 million in the acquisition of Mt. Todd. Today, the estimated cash flow generated by the potential development of the project, net of all costs and investments is approximately $1.9 billion at current gold prices.  As we advance the project through bankable feasibility and commence environmental permitting in this mining-friendly area, we expect this increase in project value to be better reflected in the Company's valuation."

Mr. John Rozelle, PG, Manager of Tetra Tech's Mineral Resource Division and Principal Geologist, on behalf of Tetra Tech and Thomas Dyer, P.E. on behalf of Mine Development Associates, both independent Qualified Persons as defined by Canadian National Instrument 43-101 ("NI 43-101"), prepared or supervised the preparation information that forms the basis for the scientific and technical information disclosed herein and have reviewed this press release and have consented to its release.

General

The Mt. Todd gold project mine site is located 230 km southeast of the port of Darwin and 56 km by road north-northeast of the regional center of Katherine. Katherine and Darwin are connected by a railroad and the Stuart Highway. An existing paved road connects the mine site to the Stuart Highway. Vista acquired the project in February 2006 for approximately $2.0 million, reaching agreements with Ferrier Hodgson, the Deed Administrators for Pegasus Gold Australia Pty Ltd., the government of the Northern Territory of Australia and the Jawoyn Association Aboriginal Corporation. Since acquiring the project, Vista has undertaken various studies and programs, including an initial Preliminary Economic Assessment ("PEA") issued on December 29, 2006, an updated PEA issued on June 11, 2009, a PFS issued on October 1, 2010, extensive sampling and diamond drilling (over 26,000 meters), an extensive metallurgical test program which included crushing and grinding, flotation and leach test work, mine design, as well as various preliminary engineering studies and cost estimates.

Mineral Resources and Reserves Estimates

The PFS is based on Vista's updated gold mineral resource estimate for the Batman deposit as of June 11, 2009, which assumed a cutoff grade of 0.40 grams of gold per tonne. The resource estimate is detailed in the report "Mt. Todd Gold Project - Updated Preliminary Economic Assessment Report - Northern Territory, Australia" dated June 11, 2009 and is available on SEDAR at www.sedar.com.  The resources are tabulated below.

The estimated measured and indicated mineral resources included in the table above includes 149,875 million tonnes of proven and probable reserves shown in the table of estimated proven and probable reserves below.

Mine Development Associates used the June 2009 resource model to develop an open pit mine design, including intermediate pits plans and production schedules.

The mineral reserve estimates prepared and reported by Mine Development Associates, under the supervision of Mr. Dyer, and using the June 2009 resource model at a gold price of $1000 per ounce of gold and cut-off grade of 0.40 grams of gold per tonne are summarized in the following table.

Capital and Operating Cost Estimate

Estimated life-of-mine average cash production costs are projected to be $520 per ounce and includes the cost of concurrent reclamation.  The latter half of the project life benefits from decreases in the required stripping.  Pre-production capital costs including contingency, owner's costs and working capital are estimated to be $545 million and sustaining capital over the life of the mine is estimated to be $245 million, including $147.3 million for additional tailings storage capacity to be spent starting in year five.  

Mining

Vista plans to extract ore from the mine using conventional open pit mining equipment and techniques.  A waste mining fleet consisting of 180-tonne trucks and 21 m3 shovels has been selected to complement the 140-tonne truck and loader ore mining fleet.  The Company would be the owner and operator of the mining fleets and expects to enter into maintenance and repair contracts for the major mining equipment. Ore will be mined in four pit development phases over a period of 14 years.  Waste rock will either be placed in a single waste dump or used for tailings embankment construction.  Concurrent reclamation is planned for the lower benches of the dump.  

Processing

The PFS incorporates the results of Vista's analysis of previous operators' experience and extensive metallurgical testing undertaken by Vista in the last three years.  The proposed larger processing facility utilizes the same process flowsheet developed for the PFS announced on August 30, 2010 and specifically addresses the following key issues:

• Ore hardness – Vista tested and determined the expected ore hardness and then evaluated various combinations of equipment. The best combination of equipment involved primary and secondary crushing, tertiary crushing employing  high pressure grinding rolls (HPGR) followed by a large ball mill. The use of HPGR is expected to result in a product which significantly improves the efficiency of the grinding circuit. The circuit is very simple with a large primary gyratory crusher, a secondary cone crusher, a single HPGR unit and a single ball mill. HPGR technology is currently being successfully used by Newmont Mining Corporation, at Australia's largest gold mine, the 20 million ounce Boddington mine in Western Australia.
• Metallurgy – As copper mineralization within the orebody negatively affected metallurgical recoveries in the past, Vista focused first on understanding the form and distribution of the copper minerals in the ore body and then on the best metallurgical approach to deal with the copper. In the mineralogical review it became apparent that the form of the copper minerals changes with depth. In the upper part of the orebody, which was mostly mined out by previous operators, the copper existed predominantly in cyanide soluble secondary copper minerals such as chalcocite, bornite and covellite. In the remaining orebody, copper exists mainly as primary copper minerals like chalcopyrite which are generally not cyanide soluble. The tests Vista undertook on representative samples of the ore to be mined showed that leaching combined with a carbon-in-pulp recovery circuit yields recoveries of 82% with acceptable levels of cyanide consumption.

The proposed plant will have a design capacity of 30,000 tonnes per day and has been designed to be simple, efficient and easy to maintain. The proposed flowsheet indicates that following grinding the slurried ore will be sized by cyclones, thickened, pre-aerated, and then leached in tanks prior to recovery in a hybrid carbon-in-pulp circuit.  Gold will be stripped from the carbon and precipitated in an electrowinning cell prior to refining into dore bars.  The tailings would be detoxified using the SO2/Air process and deposited in the existing tailings impoundment facility for the first several years of operation, and then in a newly constructed tailing storage facility for the remaining life of production.

Further contributing to lower costs, the proposed project will self-generate power using low cost natural gas which can be supplied to the site via the existing natural gas pipeline.  The project also includes plans to produce lime from near-by limestone deposits, thereby significantly reducing the supply cost for this reagent.

Infrastructure

As previously reported, the Mt. Todd gold project site has existing infrastructure which includes: a fresh water storage reservoir with sufficient capacity to sustain the proposed operation, paved access roads, a natural gas pipeline and an electrical power line.  Power will be generated on site using a gas-turbine generator which is included in the project capital. The power plant is designed to have excess capacity to meet higher loads during large equipment starting up.  Excess power during operations will be sold into the grid further reducing expected costs.  During the post-closure period, Vista intends to continue operating the natural gas turbine power generating plant.  Revenues derived from selling power to the grid during this period are expected to fund all of the reclamation activities.

Environmental

The PFS includes engineering designs for the closure of the mine site following cessation of production.  Where practical, concurrent reclamation activities would be undertaken to reduce the time and expense involved in the closure of the site.  The closure plan was designed to meet all requirements for long-term reclamation of the site and cost estimates include provisions for monitoring required under applicable law.

Economic Analysis

The economic analysis was completed using a gold price of $1000 per ounce and the three-year trailing average foreign exchange rate of $0.85 = $A1.00.  Vista has also completed sensitivity analyses calculated at gold prices of $1200, $1350 and $1500 per ounce.  The $1200, $1350 and $1500 sensitivity analyses incorporate the current foreign exchange rate of $1.00 = A$1.00.  Estimated before and after tax economic results, showing the internal rate of return (IRR) and net present value at a 5% discount rate (NPV5%), cumulative cash flow and sensitivity to changes in gold price are shown in the following tables.

Exploration Potential

Vista controls a large land package (160,878 hectares) of Exploration Licenses ("EL") surrounding the Mt. Todd gold project.  Based on reviews of historic activities and field work carried out during the 2009 field season numerous targets for potential new discoveries have been identified.  In the fall of 2010, prior to the start of the wet season, Vista undertook a very limited exploration program on one of four previously announced exploration targets.  The Company completed four diamond core holes on the Golden Eye target (previously called the MSTS-4 target).  All four holes encountered strong sulfide mineralization associated with banded iron formation with interesting concentrations of copper, lead and zinc.  Hole GE10-003 encountered one interval of 1.1 meters averaging 7.69 grams per tonne gold ("g/t Au"), including 0.3 meters of 26.7 g/t Au.  The core was logged, photographed, and sampled by employees of Vista Gold Australia under the direction of Vista's Vice President of Exploration, Mr. Frank K. Fenne P.G., who is a Qualified Person within the meaning of NI 43-101.  Core was assayed by Northern Australia Laboratories Pty Ltd of Pine Creek, Northern Territory.  Core logging and sample custody, preparation and assaying were completed in compliance with NI 43-101 standards. Vista intends to resume drilling activities on the EL as soon as the wet season ends and access can be reestablished.

About Vista Gold Corp.

Vista is focused on the development of the Concordia gold project in Baja California Sur, Mexico, and the Mt. Todd gold project in Northern Territory, Australia, to achieve its goal of becoming a gold producer. Vista's other holdings include the Guadalupe de los Reyes gold project in Mexico, the Yellow Pine gold project in Idaho, the Awak Mas gold project in Indonesia, and the Long Valley gold project in California. For more information about our projects, including technical studies and resource estimates, please visit our website at www.vistagold.com.

(1)      Cautionary Note to U.S. Investors concerning estimates of Reserves: This press release and the PFS referred to in this press release use the term "Proven and Probable Reserves" and "Mineral Reserves". We advise U.S. investors that while these terms are Canadian mining terms as defined in accordance with Canadian National Instrument 43-101 (NI 43-101") – Standards of Disclosure for Mineral Projects and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") – CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended, such definitions differ from the definitions in U.S. Securities and Exchange Commission ("SEC") Industry Guide 7.  Under SEC Industry Guide 7 standards, a "final" or "bankable" feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority.  U.S. investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into SEC Industry Guide 7 reserves.

(2)     Cautionary Note to U.S. Investors concerning estimates of Measured and Indicated Resources: This press release and the PEA referred to in this press release use the terms "Measured Resources", "Indicated Resources" and "Measured & Indicated Resources." We advise U.S. investors that while these terms are Canadian mining terms as defined in accordance with NI 43-101 – Standards of Disclosure for Mineral Projects and the CIM – CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures.  The term "contained gold ounces" used in this press release is not permitted under the rules of the SEC.  U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 reserves.

(3)      Cautionary Note to U.S. Investors concerning estimates of Inferred Resources: This press release and the PEA referred to in this press release use the term "Inferred Resources". We advise U.S. investors that while this term is a Canadian mining term as defined in accordance with  NI 43-101 – Standards of Disclosure for mineral Projects and the CIM – CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted  by the CIM Council, as amended,  this term is not a defined term under SEC Industry Guide 7 and is normally not permitted to be used in reports and registration statements filed with the SEC. "Inferred Resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Resource will ever be upgraded to a higher category. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures.  The term "contained gold ounces" used in this press release is not permitted under the rules of the SEC.  U.S. investors are cautioned not to assume that any part or all of an Inferred Resource exists or is economically or legally minable.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.  All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as the production and economic analysis and forecasts, estimates of mineral reserves and resources, the conversion of mineral resources to mineral reserves, life of mine estimates, the potential for gold resources in the Batman deposit and other targets within the Mt. Todd gold project, the waste-to-ore ratio at the Mt. Todd gold project, the successful completion of a metallurgical testing program at the Mt. Todd gold project, the completion of a Mt. Todd pre-feasibility study for the Sensitivity Case, future gold prices, future U.S.-to-Australian dollar exchange rates, the improved efficiencies of high pressure grinding roll technology, the effect of copper on leaching at the Mt. Todd gold project, operating efficiencies at the Mt. Todd gold project, revenues from the future sale of electricity generated at the Mt. Todd into the grid and the use of those revenues to cover reclamation costs, the recovery of lime from lime-stone deposits at the Mt. Todd gold project, the favorable effects of Mt. Todd gold project economics, the Base Case and Sensitivity Case production and economic highlights, favorable effects of Mt. Todd project economics and Vista's ability to add value in a cost-effective manner, the estimated operating and capital costs and the cash flow analysis and sensitivity analysis in the Mt. Todd Preliminary Economic Assessment and the Mt. Todd Preliminary Feasibility Study, and anticipated processing capacity and tailings management and other such matters are forward-looking statements and forward-looking information.  When used in this press release, the words "optimistic", "potential", "indicate", "expect", "intend", "hopes," "believe," "may," "will," "if, "anticipate" and similar expressions are intended to identify forward-looking statements and forward-looking information.  These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements.  Such factors include, among others, uncertainty of reserve and resource estimates, estimates of results based on such reserve and resource and reserve estimates; risks relating to completing metallurgical testing and scheduling for a pre-feasibility study on the Sensitivity Case; risks that a new pre-feasibility study will not be filed within 45 or at all; risks that mineral reserve and resource estimate will not be confirmed by a new pre-feasibility study; risks that a new pre-feasibility study will contain other risk factors important to investors; risks relating to cost increases for capital and operating costs including cost of power; risks relating to delays at the Mt. Todd gold project; risks related to decreased efficiencies from the high pressure grinding roll technology, risks related to copper affecting the leaching at the Mt. Todd gold project, risks related to the generation and sale of electricity produced at the Mt. Todd gold project to cover reclamation costs, risks related to the ability to economically recover lime from lime-stone deposits at the Mt. Todd gold project, risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Vista's operations of environmental regulations in the countries in which it operates; risks due to legal proceedings; risks relating to political and economic instability in certain countries in which it operates; risks related to repayment of debt; risks related to increased leverage and uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed under the headings "Uncertainty of Forward-Looking Statements" and "Risk Factors" in Vista's latest Annual Report on Form 10-K as filed on March 16, 2010, and Quarterly Report on Form 10-Q, as filed November 9, 2010, and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities commissions.  Although Vista has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.  Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information; whether as a result of new information, future events or otherwise.

Without limiting the foregoing, this press release uses terms that comply with reporting standards in Canada and certain estimates are made in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosures an issuer makes of scientific and technical information concerning mineral projects.  All mineral resource and reserve estimates contained in this press release, including the terms "measured mineral resources," "indicated mineral resources", "inferred mineral resources", "proven mineral reserves" and "probable mineral reserves" have been prepared in accordance with NI 43-101, and these standards differ significantly from the requirements of the SEC.  The resource and reserve information contained in this press release is not comparable to similar information disclosed by U.S. companies.  See the Cautionary Notes to U.S. Investors above.

SOURCE Vista Gold Corp.