<SEC-DOCUMENT>0000783324-14-000002.txt : 20140121
<SEC-HEADER>0000783324-14-000002.hdr.sgml : 20140120
<ACCEPTANCE-DATETIME>20140121115947
ACCESSION NUMBER:		0000783324-14-000002
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20140121
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140121
DATE AS OF CHANGE:		20140121

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VISTA GOLD CORP
		CENTRAL INDEX KEY:			0000783324
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			B0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09025
		FILM NUMBER:		14537251

	BUSINESS ADDRESS:	
		STREET 1:		7961 SHAFFER PKWY
		CITY:			LITTLETON
		STATE:			CO
		ZIP:			80127
		BUSINESS PHONE:		720-981-1185

	MAIL ADDRESS:	
		STREET 1:		7961 SHAFFER PKWY
		CITY:			LITTLETON
		STATE:			CO
		ZIP:			80127

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRANGES INC
		DATE OF NAME CHANGE:	19950602

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GRANGES EXPLORATION LTD
		DATE OF NAME CHANGE:	19890619
</SEC-HEADER>
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<TYPE>8-K
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			<a name="A001"></a><a name="_GoBack"></a><font style="display: inline;font-weight:bold;font-size:10pt;">UNITED STATES</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;">SECURITIES AND EXCHANGE COMMISSION</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;">WASHINGTON, D.C. 20549</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
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			<font style="display: inline;">_________________ </font>
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			<a name="A003"></a><font style="display: inline;font-weight:bold;">FORM 8-K</font><font style="display: inline;">&nbsp;</font>
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			<a name="A004"></a><font style="display: inline;font-weight:bold;">CURRENT REPORT</font><font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">Pursuant to Section 13 or 15(d) of the </font><br /><font style="display: inline;font-size:10pt;">Securities Exchange Act of 1934 </font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Date of Report: </font><font style="display: inline;font-weight:bold;font-size:10pt;">January 16, 2014</font>
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			<font style="display: inline;font-size:10pt;">(Date of earliest event reported)</font>
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			<a name="A006"></a><font style="display: inline;font-weight:bold;font-size:13.5pt;">VISTA GOLD CORP. </font><br /><font style="display: inline;font-weight:bold;font-size:13.5pt;"></font><font style="display: inline;font-size:10pt;">(Exact Name of Registrant as Specified in Charter) </font>
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			<a name="A007"></a><font style="display: inline;font-weight:bold;font-size:10pt;">British Columbia</font><font style="display: inline;font-weight:bold;font-size:10pt;">, Canada </font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">(State or Other Jurisdiction of Incorporation) </font>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">1-9025</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">(Commission File Number) </font></p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">Not Applicable</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">(IRS Employer Identification No.) </font></p>
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			<br /><font style="display: inline;"></font><a name="A009"></a><font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;text-transform:uppercase;font-size:10pt;">7961 Shaffer parkway, suite 5, littleton, colorado 80127</font>
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			<font style="display: inline;font-size:10pt;">(Address of Principal Executive Offices and Zip Code)</font>
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			<font style="display: inline;font-size:10pt;">Registrant&#x2019;s telephone number, including area code:&nbsp;&nbsp; </font><font style="display: inline;font-weight:bold;font-size:10pt;">(720) 981-1185</font>
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			<a name="A011"></a><font style="display: inline;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </font>
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						<font style="display: inline;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
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						<font style="display: inline;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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						<font style="display: inline;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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						<font style="display: inline;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Item 7.01&nbsp;&nbsp;Regulation FD</font>
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			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">On </font><font style="display: inline;font-size:10pt;">January 16, 2014</font><font style="display: inline;font-size:10pt;">, the Registrant issued a press release </font><font style="display: inline;font-size:10pt;">announcing</font><font style="display: inline;font-size:10pt;"> that </font><font style="display: inline;font-size:10pt;">it signed a non-binding letter of intent to option its interest in the Guadalupe de los Reyes gold and silver project in Sinaloa, Mexico to Cangold Limited.</font><font style="display: inline;font-size:10pt;"> &nbsp;A copy of the press release is attached to this report as Exhibit&nbsp;99.1. In accordance with General Instruction B.2 of Form&nbsp;8-K, the information set forth herein and in the press release is deemed to be &#x201C;furnished&#x201D; and shall not be deemed to be &#x201C;filed&#x201D; for purposes of the Securities Exchange Act of 1934, as amended and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.&nbsp;&nbsp;The information set forth in Item 7.01 of this report shall not be deemed an admission as to the materiality of any information in this report on Form&nbsp;8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Item 9.01&nbsp;&nbsp;Exhibits</font>
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			<font style="display: inline;font-size:10pt;">99.1</font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;">Press Release dated </font><font style="display: inline;font-size:10pt;">January 16, 2014</font><font style="display: inline;font-size:10pt;">*</font>
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			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">*The Exhibit relating to Item 7.01 is intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.</font>
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			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">SIGNATURES</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">In accordance with the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. </font>
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			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">VISTA GOLD CORP.</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">(Registrant) </font></p>
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						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
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						<font style="display: inline;font-size:10pt;">Dated:&nbsp;January </font><font style="display: inline;font-size:10pt;">21</font><font style="display: inline;font-size:10pt;">, 2014</font></p>
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						&nbsp;</p>
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">By: </font><font style="display: inline;font-size:10pt;text-decoration:underline;"> /s/John F. Engele</font></p>
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">John F. Engele</font></p>
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Chief Financial Officer</font></p>
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			<font style="display: inline;">&nbsp;</font>
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end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>vgz-20140121ex991ceb8ea.htm
<DESCRIPTION>EX-99.1
<TEXT>
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			vgz - 2014121 - GDLR option EX 991
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	<body><div style="margin-left:50pt;margin-right:54pt;"><div style="width:100%">

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			&nbsp;

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			<a name="_GoBack"></a><font style="display: inline;font-family:Times New Roman;font-weight:bold;">EXHIBIT 99.1</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:522.90pt;font-family:Times New Roman;font-size:10pt;margin-left:0pt;">
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					<p style="margin:0pt;line-height:115%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display: inline;"><img src="vgz-20140121ex991ceb8eag1.jpg" style="width: 1.572917in; height: 1.010417in" alt="g115341mmi001.jpg"></font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;">7961 Shaffer Parkway </font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;">Suite 5</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;">Littleton, CO&nbsp;&nbsp;80127</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;">Phone:&nbsp;&nbsp;720-981-1185</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;">Fax:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720-981-1186</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;">Trading Symbol:&nbsp; </font><font style="display: inline;font-weight:bold;">VGZ </font></p>
					<p style="margin:0pt;line-height:115%;font-family:Calibri;font-size: 11pt">
						<font style="display: inline;font-weight:bold;">Toronto and NYSE MKT Stock Exchanges</font></p>
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			<font style="display: inline;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="display: inline;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;"></font><font style="display: inline;font-family:Times New Roman;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;"></font><font style="display: inline;font-family:Times New Roman;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-family:Times New Roman;"></font><font style="display: inline;font-family:Times New Roman;"></font>
		</p>
		<p style="margin:0pt 0pt 0pt 396pt;line-height:100%;text-indent:52.6pt;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 24pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">__________________ NEWS _________________ </font>
		</p>
		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Cambria;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;text-transform:uppercase;font-size:12pt;">Vista Gold Corp. </font><font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;text-transform:uppercase;font-size:12pt;">ANNOUNCES </font><font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;text-transform:uppercase;font-size:12pt;">LETTER OF INTENT TO </font><font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;text-transform:uppercase;font-size:12pt;">OPTION </font><font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;text-transform:uppercase;font-size:12pt;">THE </font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-weight:bold;font-family:Times New Roman;font-weight:bold;text-transform:uppercase;font-size:12pt;">GUADALUPE DE LOS REYES PROJECT</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:center;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">Denver, Colorado, </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">January </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">16</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">, 201</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">4</font><font style="display: inline;font-family:Times New Roman;"> &#x2013; Vista Gold Corp. (TSX &amp; NYSE MKT: VGZ) (</font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Vista</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> or the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Company</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">) today announced that it </font><font style="display: inline;font-family:Times New Roman;">has signed a </font><font style="display: inline;font-family:Times New Roman;">non-</font><font style="display: inline;font-family:Times New Roman;">binding letter of intent (</font><font style="display: inline;font-family:Times New Roman;">the &#x201C;</font><font style="display: inline;font-family:Times New Roman;">LOI</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">) to </font><font style="display: inline;font-family:Times New Roman;">option </font><font style="display: inline;font-family:Times New Roman;">its interest in the Guadalupe de los Reyes gold </font><font style="display: inline;font-family:Times New Roman;">and silver </font><font style="display: inline;font-family:Times New Roman;">project i</font><font style="display: inline;font-family:Times New Roman;">n</font><font style="display: inline;font-family:Times New Roman;"> Sinaloa, Mexico</font><font style="display: inline;font-family:Times New Roman;"> (the &#x201C;GdlR Project&#x201D;) </font><font style="display: inline;font-family:Times New Roman;"> to Can</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;">old Limited (&#x201C;Can</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;">old&#x201D;).</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">The LOI </font><font style="display: inline;font-family:Times New Roman;">provides </font><font style="display: inline;font-family:Times New Roman;">that</font><font style="display: inline;font-family:Times New Roman;"> a non-refundable </font><font style="display: inline;font-family:Times New Roman;">US</font><font style="display: inline;font-family:Times New Roman;">$50,000 payment </font><font style="display: inline;font-family:Times New Roman;">be made </font><font style="display: inline;font-family:Times New Roman;">to Vi</font><font style="display: inline;font-family:Times New Roman;">s</font><font style="display: inline;font-family:Times New Roman;">ta</font><font style="display: inline;font-family:Times New Roman;"> for which </font><font style="display: inline;font-family:Times New Roman;">Can</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;">old will </font><font style="display: inline;font-family:Times New Roman;">have </font><font style="display: inline;font-family:Times New Roman;">a 90 day</font><font style="display: inline;font-family:Times New Roman;"> period of exclusivity (</font><font style="display: inline;font-family:Times New Roman;">the &#x201C;</font><font style="display: inline;font-family:Times New Roman;">Exclusivity Period&#x201D;)</font><font style="display: inline;font-family:Times New Roman;"> to </font><font style="display: inline;font-family:Times New Roman;">complete due diligence and </font><font style="display: inline;font-family:Times New Roman;">negotiate and </font><font style="display: inline;font-family:Times New Roman;">enter into a </font><font style="display: inline;font-family:Times New Roman;">definitive</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">option agreement </font><font style="display: inline;font-family:Times New Roman;">with Vista </font><font style="display: inline;font-family:Times New Roman;">(the &#x201C;Option Agreement&#x201D;).</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">The LOI contemplates that </font><font style="display: inline;font-family:Times New Roman;">the Option Agreement</font><font style="display: inline;font-family:Times New Roman;"> (if entered into) will provide that</font><font style="display: inline;font-family:Times New Roman;"> Can</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;">old may earn a 70% interest in the Gd</font><font style="display: inline;font-family:Times New Roman;">l</font><font style="display: inline;font-family:Times New Roman;">R &nbsp;</font><font style="display: inline;font-family:Times New Roman;">P</font><font style="display: inline;font-family:Times New Roman;">roject by:</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:100%;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9;font-size:11pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Calibri;font-size: 11pt;margin:0pt;">
			<font style="display: inline;font-family:Times New Roman;">making payments totaling US$5,000,000</font><font style="display: inline;font-family:Times New Roman;"> in five</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">payments </font><font style="display: inline;font-family:Times New Roman;">over a three-year period</font><font style="display: inline;font-family:Times New Roman;">, with payments totaling US$1,000,000 in the first year, US$1,500,000 in the second year and US$2,500,000 in the third year</font><font style="display: inline;font-family:Times New Roman;">;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
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				<font style="margin:0pt;font-family:Symbol;line-height:100%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;font-size:11pt;;"> &#xB7;</font>
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		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Calibri;font-size: 11pt;margin:0pt;">
			<font style="display: inline;font-family:Times New Roman;">operating the GdlR project</font><font style="display: inline;font-family:Times New Roman;">,</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">maintaining the concessions comprising the Gd</font><font style="display: inline;font-family:Times New Roman;">l</font><font style="display: inline;font-family:Times New Roman;">R &nbsp;</font><font style="display: inline;font-family:Times New Roman;">P</font><font style="display: inline;font-family:Times New Roman;">roject in good standing; and</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Calibri;font-size: 11pt;margin:0pt;">
				<font style="margin:0pt;font-family:Symbol;line-height:100%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9;font-size:11pt;;"> &#xB7;</font>
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			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Calibri;font-size: 11pt;margin:0pt;">
			<font style="display: inline;font-family:Times New Roman;">fulfilling all of the obligations of Vista's wholly-owned subsidiary, Minera Gold Stake, S.A. de C.V. (</font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">MGS</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">) to the Ejido La Tasajera (the </font><font style="display: inline;font-family:Times New Roman;">&#x201C;</font><font style="display: inline;font-family:Times New Roman;">Ejido</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;">) as </font><font style="display: inline;font-family:Times New Roman;">set out</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">in the temporary occupation contract between MGS and the Ejido.</font></p></td></tr></table></div>
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			<font style="display: inline;font-family:Times New Roman;">The Option Agreement is expected to further provide that a</font><font style="display: inline;font-family:Times New Roman;">ll cash payments are </font><font style="display: inline;font-family:Times New Roman;">non-refundable and </font><font style="display: inline;font-family:Times New Roman;">optional to </font><font style="display: inline;font-family:Times New Roman;">Can</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;">old</font><font style="display: inline;font-family:Times New Roman;">, and in the event </font><font style="display: inline;font-family:Times New Roman;">Can</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;">old</font><font style="display: inline;font-family:Times New Roman;"> fails to pay </font><font style="display: inline;font-family:Times New Roman;">any of </font><font style="display: inline;font-family:Times New Roman;">the required amounts on the scheduled dates or fails to comply with its other obligations, the Option Agreement </font><font style="display: inline;font-family:Times New Roman;">will </font><font style="display: inline;font-family:Times New Roman;">terminate </font><font style="display: inline;font-family:Times New Roman;">and Can</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;">old will have no interest in the</font><font style="display: inline;font-family:Times New Roman;"> GdlR</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">P</font><font style="display: inline;font-family:Times New Roman;">roject.</font><font style="display: inline;font-family:Times New Roman;"> Provided it is not in breach of the Option Agreement, Cangold may at its discretion advance the above payment schedule and exercise the initial option for </font><font style="display: inline;font-family:Times New Roman;">a 70% interest in the GdlR Project any time during the three-year period.</font>
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			<font style="display: inline;font-family:Times New Roman;">Subject to </font><font style="display: inline;font-family:Times New Roman;">Can</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;">old </font><font style="display: inline;font-family:Times New Roman;">earning a 70% interest in the </font><font style="display: inline;font-family:Times New Roman;">GdlR P</font><font style="display: inline;font-family:Times New Roman;">roject, </font><font style="display: inline;font-family:Times New Roman;">pursuant to the Option Agreement </font><font style="display: inline;font-family:Times New Roman;">Can</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;">old</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">will </font><font style="display: inline;font-family:Times New Roman;">be granted </font><font style="display: inline;font-family:Times New Roman;">an additional option to earn the remaining 30% interest in the </font><font style="display: inline;font-family:Times New Roman;">GdlR P</font><font style="display: inline;font-family:Times New Roman;">roject</font><font style="display: inline;font-family:Times New Roman;">,</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">by notifying</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">Vista </font><font style="display: inline;font-family:Times New Roman;">of a production decision</font><font style="display: inline;font-family:Times New Roman;"> and</font><font style="display: inline;font-family:Times New Roman;"> by</font><font style="display: inline;font-family:Times New Roman;"> making a cash payment </font><font style="display: inline;font-family:Times New Roman;">to Vista </font><font style="display: inline;font-family:Times New Roman;">of US$3,000,000 plus an additional cash payment </font><font style="display: inline;font-family:Times New Roman;">based on a formula that includes the growth, if any, in </font><font style="display: inline;font-family:Times New Roman;">estimated </font><font style="display: inline;font-family:Times New Roman;">NI 43-101</font><font style="display: inline;font-family:Times New Roman;"> compliant</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">Measured and Indicated </font><font style="display: inline;font-family:Times New Roman;">mineral </font><font style="display: inline;font-family:Times New Roman;">resources of the </font><font style="display: inline;font-family:Times New Roman;">GdlR P</font><font style="display: inline;font-family:Times New Roman;">roject</font><font style="display: inline;font-family:Times New Roman;">,</font><font style="display: inline;font-family:Times New Roman;"> and the then prevailing spot gold price</font><font style="display: inline;font-family:Times New Roman;"> (&#x201C;Escalator Payment&#x201D;)</font><font style="display: inline;font-family:Times New Roman;">.</font>
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			<font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;">Should Cangold determine not to put the GdlR Project</font><font style="display: inline;font-family:Times New Roman;"> into production, the Option Agreement will provide Vista the right to buy back Cangold&#x2019;s 70% interest in the GdlR Project for a cash payment of US$5,000,000 plus an additional cash payment based on the same formula for the Escalator Payment described above.&nbsp;&nbsp;If Vista does not exercise its buyback option, Vista will still retain a right of first refusal should Cangold elect to sell its 70% interest in the GdlR Project to a third party.</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;;font-size: 11pt"><font style="display: inline;font-family:Times New Roman;">The Option Agreement will also contain terms to provide that Cangold wi</font><font style="display: inline;font-family:Times New Roman;">ll be the operator of the GdlR P</font><font style="display: inline;font-family:Times New Roman;">roject and set forth the responsibilities and obligations of Cangold in this respect.</font>
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		<p style="margin:0pt 0pt 0pt 72pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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		<p style="margin:0pt 0pt 10pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Can</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;">old</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">is a junior exploration company engaged in the exploration and development of gold projects in Mexico and Canada. </font><font style="display: inline;font-family:Times New Roman;">Can</font><font style="display: inline;font-family:Times New Roman;">g</font><font style="display: inline;font-family:Times New Roman;">old trades on the </font><font style="display: inline;font-family:Times New Roman;">TSX</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">V</font><font style="display: inline;font-family:Times New Roman;">enture Exchange </font><font style="display: inline;font-family:Times New Roman;">under the symbol CLD.</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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		<p style="margin:0pt 0pt 10pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">The LOI and the Option Agreement are subject to the approval of the TSX Venture Exchange</font><font style="display: inline;font-family:Times New Roman;"> and to the Board of Directors of Cangold and Vista</font><font style="display: inline;font-family:Times New Roman;">.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">About Vista Gold Corp.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Vista</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s principal assets include its flagship Mt. Todd gold project in Northern Territory, </font><font style="display: inline;font-family:Times New Roman;">Australia</font><font style="display: inline;font-family:Times New Roman;">, and a 24.9% holding in Midas Gold Corp. In addition to non-core projects in </font><font style="display: inline;font-family:Times New Roman;">Mexico</font><font style="display: inline;font-family:Times New Roman;"> and </font><font style="display: inline;font-family:Times New Roman;">California</font><font style="display: inline;font-family:Times New Roman;">, Vista holds royalty interest</font><font style="display: inline;font-family:Times New Roman;">s</font><font style="display: inline;font-family:Times New Roman;"> in project</font><font style="display: inline;font-family:Times New Roman;">s</font><font style="display: inline;font-family:Times New Roman;"> in Bolivia</font><font style="display: inline;font-family:Times New Roman;"> and Indonesia</font><font style="display: inline;font-family:Times New Roman;">. For more information about our projects, including technical studies and resource estimates, please visit our website at </font><font style="display: inline;font-family:Times New Roman;">www.vistagold.com</font><font style="display: inline;font-family:Times New Roman;">.</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">Forward Looking Statements</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 9pt">
			<font style="display: inline;font-family:Times New Roman;font-size:9pt;">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 </font><font style="display: inline;font-family:Times New Roman;font-size:9pt;">the successful completion of Cangold&#x2019;s due diligence review of the GdlR Project, the negotiation and execution of the Option Agreement within the Exclusivity Period, the terms and conditions of the Option Agreement, Cangold complying with its obligations under the LOI and the Option Agreement (including making contemplated payments and maintaining the concessions)</font><font style="display: inline;font-family:Times New Roman;font-size:9pt;">, Cangold&#x2019;s potential decision to put the GdlR project into production, approval of the Option Agreement by the TSX Venture Exchange and the respective board of directors of the parties</font><font style="display: inline;font-family:Times New Roman;font-size:9pt;"> and other such matters are forward-looking statements and forward-looking information. The material factors and assumptions used to develop the forward-looking statements and forward-looking information contained in this press release include the following: </font><font style="display: inline;font-family:Times New Roman;font-size:9pt;">ability of Cangold to make payments contemplated in the LOI and the Option Agreement, </font><font style="display: inline;font-family:Times New Roman;font-size:9pt;">approved business plans, anticipated and estimated costs and budget expenditures to continue to optimize and advance the Company&#x2019;s core assets, the perceived extent and duration of the current weakness of gold equity securities and other such matters.&nbsp; When used in this press release, the words &#x201C;optimistic,&#x201D; &#x201C;potential,&#x201D; &#x201C;indicate,&#x201D; &#x201C;expect,&#x201D; &#x201C;intend,&#x201D; &#x201C;hopes,&#x201D; &#x201C;believe,&#x201D; &#x201C;may,&#x201D; &#x201C;will,&#x201D; &#x201C;if,&#x201D; &#x201C;anticipate,&#x201D; &#x201C;would,&#x201D; &#x201C;could,&#x201D; and similar expressions are intended to identify forward-looking statements and forward-looking information.&nbsp; 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.&nbsp; Such factors include, among others, </font><font style="display: inline;font-family:Times New Roman;font-size:9pt;">risks relating to Cangold&#x2019;s ability to obtain financing (if at all), </font><font style="display: inline;font-family:Times New Roman;font-size:9pt;">risks related to Cangold&#x2019;s determination to put the GdlR Project into production, </font><font style="display: inline;font-family:Times New Roman;font-size:9pt;">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;&nbsp; risks related to the timing and the ability to obtain approval of the environmental impact statement and the necessary permits for 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&#x2019;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 &#x201C;Note Regarding Forward-Looking Statements&#x201D; and &#x201C;Risk Factors&#x201D; in Vista&#x2019;s Annual Report Form 10-K as filed on March 14, 2013 and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.&nbsp; 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.&nbsp; 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.</font>
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			<font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;">For further information, please contact Connie Martinez at (720) 981-1185, or visit the Company</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s website at </font><font style="display: inline;font-family:Times New Roman;">www.vistagold.com</font><font style="display: inline;font-family:Times New Roman;">.</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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