<SEC-DOCUMENT>0000783324-14-000034.txt : 20140507
<SEC-HEADER>0000783324-14-000034.hdr.sgml : 20140507
<ACCEPTANCE-DATETIME>20140507151529
ACCESSION NUMBER:		0000783324-14-000034
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20140507
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140507
DATE AS OF CHANGE:		20140507

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:		14820625

	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>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>vgz-20140507x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			e51a03bedb72444
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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;">May 2, 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>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;"></font><a name="A012"></a><font style="display: inline;font-weight:bold;font-size:10pt;">Item </font><font style="display: inline;font-weight:bold;font-size:10pt;">2</font><font style="display: inline;font-weight:bold;font-size:10pt;">.0</font><font style="display: inline;font-weight:bold;font-size:10pt;">2</font><font style="display: inline;font-weight:bold;font-size:10pt;"> &nbsp; &nbsp;</font><font style="display: inline;font-weight:bold;font-size:10pt;">Results of Operation and Financial Condition</font>
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			<font style="display: inline;font-size:10pt;">On </font><font style="display: inline;font-size:10pt;">May 2, 2014</font><font style="display: inline;font-size:10pt;">, the registrant </font><font style="display: inline;font-size:10pt;">provided its unaudited financial results and highlights for the </font><font style="display: inline;font-size:10pt;">first </font><font style="display: inline;font-size:10pt;">quarter ended </font><font style="display: inline;font-size:10pt;">March 31, 2014</font><font style="display: inline;font-size:10pt;">.</font><font style="display: inline;font-size:10pt;"> &nbsp;The Company&#x2019;s full financial results</font><font style="display: inline;font-size:10pt;">, Management&#x2019;s Discussion and Analysis together with other important disclosures can be found in the Company&#x2019;s Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission and </font><font style="display: inline;font-size:10pt;"> the Canadian securities regulatory authorities. </font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Highlights:</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">&nbsp;</font>
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			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Calibri;font-size: 10pt;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:10pt;;"> &#xB7;</font>
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			<p style="line-height:100%;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Calibri;font-size: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Improved the balance sheet through the sale of approximately 50% of our shares in Midas Gold Corp. (&#x201C;Midas&#x201D;), raising approximately $10.6 million net proceeds from which we repaid our debt; </font></p></td></tr></table></div>
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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:10pt;;"> &#xB7;</font>
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		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;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: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Completed an Option Agreement to option our interest in the Guadalupe de los Reyes gold/silver project for a series of future cash payments;</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;"> and</font></p></td></tr></table></div>
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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:10pt;;"> &#xB7;</font>
			</p>
		</td><td style="width:1pt;"><p style="width:1pt;width:1pt;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: 10pt;margin:0pt;">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Significantly reduced our Corporate G&amp;A costs and Mt Todd gold project holding costs.</font></p></td></tr></table></div>
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			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&nbsp;</font>
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		<p style="margin:6pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Frederick H. Earnest, President and Chief Executive Off</font><font style="display: inline;font-size:10pt;">icer, commented, &#x201C;I am pleased with the recent improvements to our balance sheet. In addition to successfully reducing our Corporate G&amp;A and Mt Todd gold project holding costs, we have repaid our debt in full and </font><font style="display: inline;font-size:10pt;">we believe we have sufficient cash to operate well into the first quarter of 2015.&nbsp;&nbsp;We have had productive discussions with the NT Department of Mines and Energy to establish a framework that we believe will facilitate its participation in water remediation and related environmental monitoring costs at the Mt Todd gold project. We continue to target approval of the final environmental impact statement in the third quarter of this year, which we believe will further position the project for rapid development in an improving gold market.&#x201D;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>
		</p>
		<p style="margin:5pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Summary of First Quarter 2014 Financial Results </font>
		</p>
		<p style="margin:5pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">We reported a net loss of $1.1 million or $0.01 per share for the three months ended March 31, 2014.&nbsp;&nbsp;This includes an unrealized $2.1 million mark-to-market gain on our investment in Midas. During the three months ended March 31, 2013, we reported net loss of $27.4 million, or $0.34 per share. The 2013 results included a $28.8 million unrealized loss on our investment in Midas. </font>
		</p>
		<p style="margin:5pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Expenditures for exploration and property holding costs, principally at our Mt Todd gold project, totaled $1.4 million for the three months ended March 31, 2014, down approximately 80% from $7.1 million for the same period in 2013, when costs included cash intensive programs such as water treatment and the prefeasibility study for the Mt Todd gold project.&nbsp;&nbsp;We continue to identify and implement cost cutting measures at the Mt Todd gold project in addition to those introduced in 2013.</font>
		</p>
		<p style="margin:5pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Corporate cost reduction measures have also successfully been implemented. Corporate G&amp;A costs totaled $1.3 million for the three months ended March 31, 2014, down approximately 33% from $1.9 million for the same period in 2013.&nbsp;&nbsp; </font>
		</p>
		<p style="margin:5pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Our working capital at March 31, 2014 totaled approximately $16.2 million, including cash of approximately $7.5 million. The Company has no debt.</font>
		</p>
		<p style="margin:5pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">To review the Company&#x2019;s Quarterly Report on Form 10-Q for the three months ended March 31, 2014, including the related Management&#x2019;s Discussion and Analysis, visit any of the following websites: </font><font style="display: inline;font-size:10pt;text-decoration:underline;">www.sedar.com</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;text-decoration:underline;">www.sec.gov</font><font style="display: inline;font-size:10pt;"> or </font><font style="display: inline;font-size:10pt;text-decoration:underline;">www.vistagold.com</font><font style="display: inline;font-size:10pt;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Management Conference Call</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">A conference call with management to review our financial results for the fiscal </font><font style="display: inline;font-size:10pt;">three months ended March 31, 2014 </font><font style="display: inline;font-size:10pt;">and to discuss corporate and project activities is scheduled for Tuesday, May 6, 2014 at 2:30 p.m. MDT.</font>
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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;">Toll-free in North America: 1-866-443-4188 </font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">International:&nbsp;&nbsp;416-849-6196</font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">This call will also be web-cast and can be accessed at the following web location:</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;text-decoration:underline;">http://www.snwebcastcenter.com/webcast/vistagold/q1-2014/site/</font><font style="display: inline;font-size:10pt;text-decoration:underline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">This call will be archived and available at </font><font style="display: inline;font-size:10pt;">www.vistagold.com</font><font style="display: inline;font-size:10pt;"> after May 6, 2014.&nbsp;&nbsp;Audio replay will be available for 21 days by calling toll-free in North America:&nbsp;&nbsp;1-866-245-6755, passcode 988947.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">If you are unable to access the audio or phone-in on the day of the conference call, please email questions to Connie Martinez, Manager &#x2013; Investor Relations (email: </font><font style="display: inline;font-size:10pt;">connie@vistagold.com</font><font style="display: inline;font-size:10pt;">), and we will try to address these questions prior to or during the conference call.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">All dollar amounts in the press release are U.S. dollars.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:3.75pt 0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">In accordance with General Instruction B.2 of Form 8-K, the information in this Item 2.02 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. </font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item 7.01&nbsp;&nbsp;Regulation FD</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On </font><font style="display: inline;font-size:10pt;">May 2, 2014</font><font style="display: inline;font-size:10pt;">, the Registrant issued a press release </font><font style="display: inline;font-size:10pt;">providing </font><font style="display: inline;font-size:10pt;">its </font><font style="display: inline;font-size:10pt;">unaudited </font><font style="display: inline;font-size:10pt;">financial results</font><font style="display: inline;font-size:10pt;"> and highlights</font><font style="display: inline;font-size:10pt;"> for the </font><font style="display: inline;font-size:10pt;">first</font><font style="display: inline;font-size:10pt;"> quarter ended </font><font style="display: inline;font-size:10pt;">March 31, 2014</font><font style="display: inline;font-size:10pt;">.</font><font style="display: inline;font-size:10pt;"> &nbsp; &nbsp;</font><font style="display: inline;font-size:10pt;">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;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item </font><font style="display: inline;font-weight:bold;font-size:10pt;">9.01&nbsp;&nbsp;Exhibits</font>
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		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<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;">&nbsp;</font><font style="display: inline;font-size:10pt;">May 2</font><font style="display: inline;font-size:10pt;">, 2014</font><font style="display: inline;font-size:10pt;">*</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<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>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt;text-align:center;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<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;">&nbsp;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<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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						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
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						<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>
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Dated:&nbsp;May 7, 2014</font></p>
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						&nbsp;</p>
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						<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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<TYPE>EX-99.1
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<FILENAME>vgz-20140507ex991e9263f.htm
<DESCRIPTION>EX-99.1
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			vgz - 201457 - Q1 results EX 991
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			<a name="_GoBack"></a><font style="display: inline;font-family:Times New Roman;font-weight:bold;">EXHIBIT 99.1</font>
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						<font style="display: inline;font-size:10pt;"><img src="vgz-20140507ex991e9263fg1.jpg" style="width: 1.569444in; height: 1.011806in" alt="g115341mmi001.jpg"></font></p>
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						<font style="display: inline;font-size:10pt;">7961 Shaffer Parkway </font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Suite 5</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Littleton, CO&nbsp;&nbsp;80127</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Phone:&nbsp;&nbsp;720-981-1185</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Fax:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720-981-1186</font></p>
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						<font style="display: inline;font-size:10pt;">Trading Symbol:&nbsp; </font><font style="display: inline;font-weight:bold;font-size:10pt;">VGZ </font></p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">Toronto and NYSE MKT Stock Exchanges</font></p>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">_</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;"></font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;"></font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;"></font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;"></font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">_____</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">__</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">____</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">__</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">____</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;"> NEWS______</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">_________</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">__</font>
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			<font style="display: inline;font-family:Cambria;font-size:12pt;">&nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Vista Gold Corp. Announces </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">First Quarter </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">201</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">4</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;"> Results and Provides Update on Recent Activities</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">&nbsp;</font>
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			<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;">May 2</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;font-weight:bold;"> - </font><font style="display: inline;font-family:Times New Roman;">Vista Gold Corp. (the &#x201C;Company,&#x201D; &#x201C;we&#x201D; or &#x201C;our&#x201D;) (NYSE MKT and TSX: VGZ) today announced its </font><font style="display: inline;font-family:Times New Roman;">un</font><font style="display: inline;font-family:Times New Roman;">audited financial results and highlights for the </font><font style="display: inline;font-family:Times New Roman;">first quarter ended March 31, 2014.&nbsp; </font><font style="display: inline;font-family:Times New Roman;">A</font><font style="display: inline;font-family:Times New Roman;"> conference call </font><font style="display: inline;font-family:Times New Roman;">with Management </font><font style="display: inline;font-family:Times New Roman;">to discuss these results is scheduled for 2:30 p.m. MDT on Ma</font><font style="display: inline;font-family:Times New Roman;">y</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">6</font><font style="display: inline;font-family:Times New Roman;">, 201</font><font style="display: inline;font-family:Times New Roman;">4</font><font style="display: inline;font-family:Times New Roman;">. The Company&#x2019;s </font><font style="display: inline;font-family:Times New Roman;">un</font><font style="display: inline;font-family:Times New Roman;">audited financial statements, Management</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s Discussion and Analysis together with other important disclosures can be found in the Company</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s &nbsp;</font><font style="display: inline;font-family:Times New Roman;">Quarterly </font><font style="display: inline;font-family:Times New Roman;">Report on Form 10-</font><font style="display: inline;font-family:Times New Roman;">Q</font><font style="display: inline;font-family:Times New Roman;">, filed with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities.</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;font-weight:bold;">Recent Highlights:</font>
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				<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>
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			<font style="display: inline;font-family:Times New Roman;">Improved the balance sheet through the sale </font><font style="display: inline;font-family:Times New Roman;">of approximately 50% of our </font><font style="display: inline;font-family:Times New Roman;">shares in </font><font style="display: inline;font-family:Times New Roman;">Midas</font><font style="display: inline;font-family:Times New Roman;"> Gold Corp. (&#x201C;Midas&#x201D;)</font><font style="display: inline;font-family:Times New Roman;">, raising approximately $10.</font><font style="display: inline;font-family:Times New Roman;">6</font><font style="display: inline;font-family:Times New Roman;"> million net proceeds</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">f</font><font style="display: inline;font-family:Times New Roman;">rom which we </font><font style="display: inline;font-family:Times New Roman;">re</font><font style="display: inline;font-family:Times New Roman;">paid our debt; </font></p></td></tr></table></div>
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			<font style="display: inline;font-family:Times New Roman;">Complete</font><font style="display: inline;font-family:Times New Roman;">d</font><font style="display: inline;font-family:Times New Roman;"> an Option Agreement</font><font style="display: inline;font-family:Times New Roman;"> to option</font><font style="display: inline;font-family:Times New Roman;"> our interest in</font><font style="display: inline;font-family:Times New Roman;"> the Guadalupe de los Reyes gold/silver project</font><font style="display: inline;font-family:Times New Roman;"> for a series of future cash payments</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;">and</font></p></td></tr></table></div>
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			<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;">Significantly </font><font style="display: inline;font-family:Times New Roman;">reduced our Corporate G&amp;A costs and Mt Todd </font><font style="display: inline;font-family:Times New Roman;">gold project </font><font style="display: inline;font-family:Times New Roman;">holding costs.</font></p></td></tr></table></div>
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			<font style="display: inline;font-family:Times New Roman;">Frederick H. Earnest, President and Chief Executive Off</font><font style="display: inline;font-family:Times New Roman;">icer, commented</font><font style="display: inline;font-family:Times New Roman;">, &#x201C;</font><font style="display: inline;font-family:Times New Roman;">I am pleased with the recent improvements to our balance sheet. </font><font style="display: inline;font-family:Times New Roman;">In addition to successfully reducing our Corporate G&amp;A and Mt Todd </font><font style="display: inline;font-family:Times New Roman;">gold project </font><font style="display: inline;font-family:Times New Roman;">holding costs, we</font><font style="display: inline;font-family:Times New Roman;"> have repaid our debt in full and </font><font style="display: inline;font-family:Times New Roman;">we believe we have sufficient cash to operate </font><font style="display: inline;font-family:Times New Roman;">well into the first quarter of 2015</font><font style="display: inline;font-family:Times New Roman;">.&nbsp; </font><font style="display: inline;font-family:Times New Roman;">We have had productive discussions with the NT Department of Mines and Energy to establish a framework that </font><font style="display: inline;font-family:Times New Roman;">we believe </font><font style="display: inline;font-family:Times New Roman;">will facilitate </font><font style="display: inline;font-family:Times New Roman;">its</font><font style="display: inline;font-family:Times New Roman;"> participation in </font><font style="display: inline;font-family:Times New Roman;">water remediation</font><font style="display: inline;font-family:Times New Roman;"> and related environmental monitoring </font><font style="display: inline;font-family:Times New Roman;">costs </font><font style="display: inline;font-family:Times New Roman;">at</font><font style="display: inline;font-family:Times New Roman;"> the </font><font style="display: inline;font-family:Times New Roman;">Mt Todd</font><font style="display: inline;font-family:Times New Roman;"> gold project</font><font style="display: inline;font-family:Times New Roman;">. &nbsp;</font><font style="display: inline;font-family:Times New Roman;">We continue to target approval of the final </font><font style="display: inline;font-family:Times New Roman;">environmental impact statement </font><font style="display: inline;font-family:Times New Roman;">in the third quarter of this year</font><font style="display: inline;font-family:Times New Roman;">, which we believe</font><font style="display: inline;font-family:Times New Roman;"> will </font><font style="display: inline;font-family:Times New Roman;">further </font><font style="display: inline;font-family:Times New Roman;">position the project for rapid development in an improving gold market.&#x201D;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">Summary of </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">First Quarter </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;font-weight:bold;"> Financial Results</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">&nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;">We reported a net loss of $</font><font style="display: inline;font-family:Times New Roman;">1.1</font><font style="display: inline;font-family:Times New Roman;"> million or $0</font><font style="display: inline;font-family:Times New Roman;">.01</font><font style="display: inline;font-family:Times New Roman;"> per share for the </font><font style="display: inline;font-family:Times New Roman;">three months ended March</font><font style="display: inline;font-family:Times New Roman;"> 31, 201</font><font style="display: inline;font-family:Times New Roman;">4</font><font style="display: inline;font-family:Times New Roman;">.&nbsp;&nbsp;This includes an unrealized $</font><font style="display: inline;font-family:Times New Roman;">2.1</font><font style="display: inline;font-family:Times New Roman;"> million mark-to-market </font><font style="display: inline;font-family:Times New Roman;">gain </font><font style="display: inline;font-family:Times New Roman;">on our investment in Midas</font><font style="display: inline;font-family:Times New Roman;">. &nbsp;</font><font style="display: inline;font-family:Times New Roman;">During the </font><font style="display: inline;font-family:Times New Roman;">three months </font><font style="display: inline;font-family:Times New Roman;">ended </font><font style="display: inline;font-family:Times New Roman;">March </font><font style="display: inline;font-family:Times New Roman;">31, 201</font><font style="display: inline;font-family:Times New Roman;">3</font><font style="display: inline;font-family:Times New Roman;">, we reported net </font><font style="display: inline;font-family:Times New Roman;">loss</font><font style="display: inline;font-family:Times New Roman;"> of $</font><font style="display: inline;font-family:Times New Roman;">27.4</font><font style="display: inline;font-family:Times New Roman;"> million, or $0.</font><font style="display: inline;font-family:Times New Roman;">34</font><font style="display: inline;font-family:Times New Roman;"> per share. The 201</font><font style="display: inline;font-family:Times New Roman;">3</font><font style="display: inline;font-family:Times New Roman;"> results included a $</font><font style="display: inline;font-family:Times New Roman;">28.8</font><font style="display: inline;font-family:Times New Roman;"> million unrealized </font><font style="display: inline;font-family:Times New Roman;">loss </font><font style="display: inline;font-family:Times New Roman;">on our investment in Midas</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;">E</font><font style="display: inline;font-family:Times New Roman;">xpenditure</font><font style="display: inline;font-family:Times New Roman;">s</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">for exploration and property holding costs, principally at our Mt Todd</font><font style="display: inline;font-family:Times New Roman;"> gold project</font><font style="display: inline;font-family:Times New Roman;">, &nbsp;</font><font style="display: inline;font-family:Times New Roman;">totaled $1.4 million for </font><font style="display: inline;font-family:Times New Roman;">the </font><font style="display: inline;font-family:Times New Roman;">three months ended March 31, 2014</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;">down approximately </font><font style="display: inline;font-family:Times New Roman;">80</font><font style="display: inline;font-family:Times New Roman;">% from </font><font style="display: inline;font-family:Times New Roman;">$7.1 million for the same period in </font><font style="display: inline;font-family:Times New Roman;">201</font><font style="display: inline;font-family:Times New Roman;">3</font><font style="display: inline;font-family:Times New Roman;">, when</font><font style="display: inline;font-family:Times New Roman;"> costs included </font><font style="display: inline;font-family:Times New Roman;">cash intensive programs such as water treatment and the prefeasibility study </font><font style="display: inline;font-family:Times New Roman;">for the Mt Todd gold project.</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">We continue to identify and implement </font><font style="display: inline;font-family:Times New Roman;">c</font><font style="display: inline;font-family:Times New Roman;">o</font><font style="display: inline;font-family:Times New Roman;">st cutting measures</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">at the Mt Todd gold project in addition to those introduced in 2013.</font>
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		<p style="margin:5pt 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;">Corporate cost reduction measures have also successfully been implemented</font><font style="display: inline;font-family:Times New Roman;">. &nbsp;</font><font style="display: inline;font-family:Times New Roman;">Corporate G&amp;A costs </font><font style="display: inline;font-family:Times New Roman;">totaled $1.3 million for the three months ended March 31, 2014,</font><font style="display: inline;font-family:Times New Roman;"> down approximately 3</font><font style="display: inline;font-family:Times New Roman;">3</font><font style="display: inline;font-family:Times New Roman;">% from </font><font style="display: inline;font-family:Times New Roman;">$1.9 million for the same period in 2013. </font><font style="display: inline;font-family:Times New Roman;"> &nbsp; &nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;">Our working capital at </font><font style="display: inline;font-family:Times New Roman;">March </font><font style="display: inline;font-family:Times New Roman;">31, 201</font><font style="display: inline;font-family:Times New Roman;">4</font><font style="display: inline;font-family:Times New Roman;"> totaled approximately $</font><font style="display: inline;font-family:Times New Roman;">16.2</font><font style="display: inline;font-family:Times New Roman;"> million, including cash of approximately $</font><font style="display: inline;font-family:Times New Roman;">7</font><font style="display: inline;font-family:Times New Roman;">.5</font><font style="display: inline;font-family:Times New Roman;"> million. </font><font style="display: inline;font-family:Times New Roman;">The Company has no debt.</font>
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			<font style="display: inline;font-family:Times New Roman;">To review the Company</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s &nbsp;</font><font style="display: inline;font-family:Times New Roman;">Quarterly </font><font style="display: inline;font-family:Times New Roman;">Report on Form 10-</font><font style="display: inline;font-family:Times New Roman;">Q</font><font style="display: inline;font-family:Times New Roman;"> for the </font><font style="display: inline;font-family:Times New Roman;">three months </font><font style="display: inline;font-family:Times New Roman;">ended </font><font style="display: inline;font-family:Times New Roman;">March</font><font style="display: inline;font-family:Times New Roman;"> 31, 201</font><font style="display: inline;font-family:Times New Roman;">4</font><font style="display: inline;font-family:Times New Roman;">, including the related Management</font><font style="display: inline;font-family:Times New Roman;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;">s Discussion and Analysis, visit any of the following websites: </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;">www.sedar.com</font><font style="display: inline;font-family:Times New Roman;">, &nbsp;</font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;">www.sec.gov</font><font style="display: inline;font-family:Times New Roman;"> or </font><font style="display: inline;font-family:Times New Roman;text-decoration:underline;">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;">Management Conference Call</font>
		</p>
		<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;">A conference call with management to review our financial results for the fiscal </font><font style="display: inline;font-family:Times New Roman;">three months </font><font style="display: inline;font-family:Times New Roman;">ended </font><font style="display: inline;font-family:Times New Roman;">March</font><font style="display: inline;font-family:Times New Roman;"> 31, 201</font><font style="display: inline;font-family:Times New Roman;">4 &nbsp;</font><font style="display: inline;font-family:Times New Roman;">and to discuss corporate and project activities is scheduled for </font><font style="display: inline;font-family:Times New Roman;">Tuesday</font><font style="display: inline;font-family:Times New Roman;">, Ma</font><font style="display: inline;font-family:Times New Roman;">y</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">6</font><font style="display: inline;font-family:Times New Roman;">,</font><font style="display: inline;font-family:Times New Roman;"> 201</font><font style="display: inline;font-family:Times New Roman;">4</font><font style="display: inline;font-family:Times New Roman;"> at 2:30</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">p.m.</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">MDT.</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;">Toll-free in North America: 1-866-443-4188 </font>
		</p>
		<p style="margin:0pt 0pt 6pt;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;">International:&nbsp;&nbsp;416-849-6196</font>
		</p>
		<p style="margin:0pt 0pt 6pt;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;">This call will also be web-cast and can be accessed at the following web location</font><font style="display: inline;font-family:Times New Roman;">:</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">http://www.snwebcastcenter.com/webcast/vistagold/q1-2014/site/</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
		</p>
		<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;">This call will be archived and available at </font><font style="display: inline;font-family:Times New Roman;">www.vistagold.com</font><font style="display: inline;font-family:Times New Roman;"> after </font><font style="display: inline;font-family:Times New Roman;">Ma</font><font style="display: inline;font-family:Times New Roman;">y</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">6</font><font style="display: inline;font-family:Times New Roman;">,</font><font style="display: inline;font-family:Times New Roman;"> 2014</font><font style="display: inline;font-family:Times New Roman;">.&nbsp;&nbsp;Audio replay will be available for 21 days by calling toll-free in North America: </font><font style="display: inline;font-family:Times New Roman;"> 1-866-245-6755, passcode </font><font style="display: inline;font-family:Times New Roman;">988947</font><font style="display: inline;font-family:Times New Roman;">.</font>
		</p>
		<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;">If you are unable to access the audio or phone-in on the day of the conference call, please email questions to Connie Martinez, Manager &#x2013; Investor Relations (email: </font><font style="display: inline;font-family:Times New Roman;">connie@vistagold.com</font><font style="display: inline;font-family:Times New Roman;">), and we will try to address these questions prior to or during the conference call.</font>
		</p>
		<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;">All dollar amounts in the press release are U.S. dollars</font><font style="display: inline;font-family:Times New Roman;">.</font>
		</p>
		<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;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&#x2019;s principal assets include its flagship Mt Todd gold project in Northern Territory, Australia, and a</font><font style="display: inline;font-family:Times New Roman;">n</font><font style="display: inline;font-family:Times New Roman;"> &nbsp;1</font><font style="display: inline;font-family:Times New Roman;">1</font><font style="display: inline;font-family:Times New Roman;">.</font><font style="display: inline;font-family:Times New Roman;">2</font><font style="display: inline;font-family:Times New Roman;">% holding in Midas. </font><font style="display: inline;font-family:Times New Roman;">We also have</font><font style="display: inline;font-family:Times New Roman;"> non-core projects in Mexico and California</font><font style="display: inline;font-family:Times New Roman;"> and</font><font style="display: inline;font-family:Times New Roman;"> royalty interests in projects in Bolivia and Indonesia.&nbsp; </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;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">www.vistagold.com</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;">&nbsp;</font>
		</p>
		<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;">For further information, please contact Connie Martinez at (720) 981-1185.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:115%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">Forward Looking Statements</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 9pt">
			<font style="display: inline;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.&nbsp;&nbsp;All statements, other than statements of historical facts, included in this press release that address activities, events or developments that </font><a name="_DV_C81"></a><font style="display: inline;font-size:9pt;text-decoration:none;">we expect</font><font style="display: inline;font-size:9pt;"> or anticipate will or may occur in the future, including such things as, </font><a name="_DV_C89"></a><font style="display: inline;font-size:9pt;">the NT Department of Mines and Energy&#x2019;s participation in water remediation and related costs at the Mt Todd gold project, our ability to continue to identify and implement cost cutting measures at the Mt Todd gold project, </font><font style="display: inline;font-size:9pt;text-decoration:none;">the timing for </font><font style="display: inline;font-size:9pt;text-decoration:none;">the </font><font style="display: inline;font-size:9pt;text-decoration:none;">anticipated </font><font style="display: inline;font-size:9pt;text-decoration:none;">environment</font><font style="display: inline;font-size:9pt;text-decoration:none;">al</font><font style="display: inline;font-size:9pt;text-decoration:none;"> impact statement</font><font style="display: inline;font-size:9pt;text-decoration:none;"> approval, the position of the Mt. Todd gold project for rapid development in an improving gold market, sufficiency of current cash for Vista operations </font><font style="display: inline;font-size:9pt;text-decoration:none;">into the first quarter of 2015</font><font style="display: inline;font-size:9pt;">,</font><a name="_DV_M93"></a><a name="_DV_M94"></a><font style="display: inline;font-size:9pt;"> and other such matters are forward-looking statements and forward-looking information.&nbsp;&nbsp;The material factors and assumptions used to develop the forward-looking statements and forward-looking information contained in this press release include the following: our approved business plans, exploration and assay results, mineral resource and reserve estimates and results of preliminary economic assessments, pre-feasibility studies and feasibility studies on our projects, if any.&nbsp;&nbsp;When used in this press release, the words </font><a name="_DV_C95"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201C;</font><a name="_DV_M95"></a><font style="display: inline;font-size:9pt;">optimistic,</font><a name="_DV_C97"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><a name="_DV_M96"></a><font style="display: inline;font-size:9pt;">potential,</font><a name="_DV_C99"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><a name="_DV_M97"></a><font style="display: inline;font-size:9pt;">indicate,</font><a name="_DV_C101"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><a name="_DV_M98"></a><font style="display: inline;font-size:9pt;">expect,</font><a name="_DV_C103"></a><font style="display: inline;font-size:9pt;">&#x201D;</font><font style="display: inline;font-size:9pt;text-decoration:none;"> &nbsp;&#x201C;</font><a name="_DV_M99"></a><font style="display: inline;font-size:9pt;">intend,</font><a name="_DV_C105"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><a name="_DV_M100"></a><font style="display: inline;font-size:9pt;">hopes,</font><a name="_DV_C107"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><a name="_DV_M101"></a><font style="display: inline;font-size:9pt;">believe,</font><a name="_DV_C109"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><a name="_DV_M102"></a><font style="display: inline;font-size:9pt;">may,</font><a name="_DV_C111"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><a name="_DV_M103"></a><font style="display: inline;font-size:9pt;">will,</font><a name="_DV_C113"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><a name="_DV_M104"></a><font style="display: inline;font-size:9pt;">if,</font><a name="_DV_C115"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><a name="_DV_M105"></a><font style="display: inline;font-size:9pt;">anticipate,</font><a name="_DV_M106"></a><font style="display: inline;font-size:9pt;">&#x201D; and similar expressions are intended to identify forward-looking statements and forward-looking information.&nbsp;&nbsp;These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of </font><a name="_DV_C119"></a><font style="display: inline;font-size:9pt;text-decoration:none;">the Company</font><a name="_DV_M107"></a><font style="display: inline;font-size:9pt;"> to be materially different from any future results, performance or achievements expressed or implied by such statements.&nbsp;&nbsp;Such factors include, among others, uncertainty of resource </font><a name="_DV_C120"></a><font style="display: inline;font-size:9pt;text-decoration:none;">and reserve </font><a name="_DV_M108"></a><font style="display: inline;font-size:9pt;">estimates, uncertainty as to the Company&#x2019;s future operating costs and ability to raise capital; </font><a name="_DV_M109"></a><font style="display: inline;font-size:9pt;">risks relating to cost increases for capital and operating costs; </font><a name="_DV_M111"></a><font style="display: inline;font-size:9pt;">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 </font><a name="_DV_C129"></a><font style="display: inline;font-size:9pt;text-decoration:none;">our</font><a name="_DV_M112"></a><font style="display: inline;font-size:9pt;"> 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; </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p><div style="width:100%">

		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 11pt">

			&nbsp;

		</p>

</div>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;;font-size: 9pt"><font style="display: inline;font-size:9pt;">as well as those factors discussed under the headings </font><a name="_DV_C131"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201C;</font><a name="_DV_M113"></a><font style="display: inline;font-size:9pt;">Note Regarding Forward-Looking Statements</font><a name="_DV_C133"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201D;</font><a name="_DV_M114"></a><font style="display: inline;font-size:9pt;"> and </font><a name="_DV_C135"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201C;</font><a name="_DV_M115"></a><font style="display: inline;font-size:9pt;">Risk Factors</font><a name="_DV_C137"></a><font style="display: inline;font-size:9pt;text-decoration:none;">&#x201D;</font><a name="_DV_M116"></a><font style="display: inline;font-size:9pt;"> in </font><a name="_DV_C139"></a><font style="display: inline;font-size:9pt;text-decoration:none;">the Company&#x2019;</font><a name="_DV_M117"></a><font style="display: inline;font-size:9pt;">s latest Annual Report on Form 10-K as filed on March </font><font style="display: inline;font-size:9pt;">1</font><font style="display: inline;font-size:9pt;">7</font><font style="display: inline;font-size:9pt;">, 201</font><font style="display: inline;font-size:9pt;">4</font><font style="display: inline;font-size:9pt;">&nbsp;</font><a name="_DV_M118"></a><font style="display: inline;font-size:9pt;">and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.&nbsp;&nbsp;Although </font><a name="_DV_C143"></a><font style="display: inline;font-size:9pt;text-decoration:none;">we have</font><a name="_DV_M119"></a><font style="display: inline;font-size:9pt;"> 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;&nbsp;Except as required by law, </font><a name="_DV_C145"></a><font style="display: inline;font-size:9pt;text-decoration:none;">we assume</font><a name="_DV_M120"></a><font style="display: inline;font-size:9pt;"> 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>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<a name="_DV_M121"></a><a name="_DV_M122"></a><a name="_DV_M123"></a><a name="_DV_M124"></a><a name="_DV_M125"></a><a name="_DV_M126"></a><a name="_DV_M127"></a><a name="_DV_M128"></a><a name="_DV_M129"></a><a name="_DV_M130"></a><a name="_DV_M131"></a><a name="_DV_M132"></a><font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;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;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>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">&nbsp;</font>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
