<SEC-DOCUMENT>0000783324-14-000064.txt : 20140804
<SEC-HEADER>0000783324-14-000064.hdr.sgml : 20140804
<ACCEPTANCE-DATETIME>20140804142138
ACCESSION NUMBER:		0000783324-14-000064
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20140804
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140804
DATE AS OF CHANGE:		20140804

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:		141012503

	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-20140804x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			65440a839409496
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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;">August 1</font><font style="display: inline;font-weight:bold;font-size:10pt;">, 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 style="margin:0pt;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;">August 1</font><font style="display: inline;font-size:10pt;">, 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;">second</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">quarter ended </font><font style="display: inline;font-size:10pt;">June 30</font><font style="display: inline;font-size:10pt;">, 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-size:10pt;">Frederick H. Earnest, President and Chief Executive Off</font><font style="display: inline;font-size:10pt;">icer, commented, &#x201C;We remain focused on cash management and ensuring our long-term liquidity.&nbsp;&nbsp;We spent under $2.0 million during the quarter, as forecasted, and I believe that we are on track to continue this trend through the remainder of the year.&nbsp;&nbsp;I am also pleased with the progress we are making with respect to the environmental impact statement for our Mt Todd gold project, which we believe remains on track for approval in Q3 of 2014.&nbsp;&nbsp;We anticipate holding our customary quarterly conference call once we have received approval of the Mt Todd environmental impact statement.</font><font style="display: inline;font-size:10pt;">&#x201D;</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Summary of Second Quarter 2014 Financial Results</font>
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			<font style="display: inline;font-size:10pt;">We reported a net loss of $2.9 million or $0.04 per share for the three months ended June 30, 2014.&nbsp;&nbsp;This includes an unrealized $0.6 million mark-to-market loss on our investment in Midas Gold Corp. (&#x201C;Midas&#x201D;). During the three months ended June 30, 2013, we reported net loss of $21.2 million, or $0.26 per share. The 2013 results included a $18.5 million unrealized loss on our investment in Midas. </font>
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			<font style="display: inline;font-size:10pt;">Expenditures for exploration and property holding costs, principally at our Mt Todd gold project, totaled $1.0 million for the three months ended June 30, 2014, down approximately 83% from $5.9 million for the same period in 2013 when costs included cash intensive programs such as the prefeasibility study and preparation of the final environmental impact statement for the Mt Todd gold project.&nbsp;&nbsp;In addition, several cost cutting measures were introduced at Mt Todd during the latter half of 2013, and we continue to identify and implement cost cutting measures at the Mt Todd gold project.&nbsp; </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;">Corporate cost reduction measures have also successfully been implemented. Corporate general and administrative costs totaled $1.1 million for the three months ended June 30, 2014, down from $1.2 million for the same period in 2013.&nbsp;&nbsp; </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;">Our working capital at March 31, 2014 totaled approximately $14.2 million, including cash of approximately $5.7 million. The Company has no debt.</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;">To review the Company&#x2019;s Quarterly Report on Form 10-Q for the three months ended June 30, 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;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 th</font><font style="display: inline;font-size:10pt;">e</font><font style="display: inline;font-size:10pt;"> 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: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;">August 1</font><font style="display: inline;font-size:10pt;">, 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;">second</font><font style="display: inline;font-size:10pt;"> quarter ended </font><font style="display: inline;font-size:10pt;">June 30</font><font style="display: inline;font-size:10pt;">, 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 </font>
		</p>
		<p><font size="1"> </font></p><div style="width:100%">

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">

			&nbsp;

		</p>

</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;">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>
		</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>
		</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>
		</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>
		</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;">August 1</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>
		</p>
		<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>
		</p>
		<p style="margin:0pt;text-align:center;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;">&nbsp;</font>
		</p>
		<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>
		</p>
		<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;">&nbsp;</font>
		</p>
		<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;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;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;line-height:normal;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display: inline;font-size:1pt;">&nbsp;</font></p>
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						&nbsp;</p>
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						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="top" style="width:50.00%;padding:0pt;">
					<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>
				</td>
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					<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;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Dated:&nbsp;August 4, 2014</font></p>
				</td>
				<td valign="top" style="width:50.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&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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			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>vgz-20140804ex991930948.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!--HTML document created with Rivet Software Powered by Crossfire-->
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			vgz - 201484 - Q2 results EX 991
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		<p style="margin:0pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">
			<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-20140804ex991930948g1.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: 10pt">
						<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>
					<p style="margin:0pt;line-height:115%;font-family:Calibri;font-size: 10pt">
						<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;"> &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>
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		<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>
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		<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;">__________________</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;">&nbsp;</font>
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			<font style="display: inline;font-family:Cambria;font-size:12pt;">&nbsp;</font>
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		<p style="margin:0pt 0pt 6pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 12pt">
			<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;">Second</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;"> 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 </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;">August 1,</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;">second </font><font style="display: inline;font-family:Times New Roman;">quarter ended </font><font style="display: inline;font-family:Times New Roman;">June 30,</font><font style="display: inline;font-family:Times New Roman;"> 2014.&nbsp; </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;">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;">We remain focused on cash management and ensuring our long-term liquidity. </font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">W</font><font style="display: inline;font-family:Times New Roman;">e spent </font><font style="display: inline;font-family:Times New Roman;">under $2.0 million</font><font style="display: inline;font-family:Times New Roman;"> during the quarter</font><font style="display: inline;font-family:Times New Roman;">, as forecasted</font><font style="display: inline;font-family:Times New Roman;">, and I </font><font style="display: inline;font-family:Times New Roman;">believe that we are on track to </font><font style="display: inline;font-family:Times New Roman;">continue this trend through the </font><font style="display: inline;font-family:Times New Roman;">remainder of the year.&nbsp; </font><font style="display: inline;font-family:Times New Roman;">I am also pleased with the progress we are making with respect to the </font><font style="display: inline;font-family:Times New Roman;">environmental impact statement for our </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;">, which we believe remains on track for approval</font><font style="display: inline;font-family:Times New Roman;"> in Q3 of 2014</font><font style="display: inline;font-family:Times New Roman;">.</font><font style="display: inline;font-family:Times New Roman;"> &nbsp; &nbsp;</font><font style="display: inline;font-family:Times New Roman;">We anticipate holding our </font><font style="display: inline;font-family:Times New Roman;">c</font><font style="display: inline;font-family:Times New Roman;">ustomary </font><font style="display: inline;font-family:Times New Roman;">quarterly </font><font style="display: inline;font-family:Times New Roman;">conference </font><font style="display: inline;font-family:Times New Roman;">call once</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">we have received approval of the Mt Todd </font><font style="display: inline;font-family:Times New Roman;">environmental impact statement</font><font style="display: inline;font-family:Times New Roman;">.</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</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;">Second</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;"> 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;">2.9</font><font style="display: inline;font-family:Times New Roman;"> million or $0</font><font style="display: inline;font-family:Times New Roman;">.0</font><font style="display: inline;font-family:Times New Roman;">4</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 </font><font style="display: inline;font-family:Times New Roman;">June 30</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;">.&nbsp;&nbsp;This includes an unrealized $</font><font style="display: inline;font-family:Times New Roman;">0.6</font><font style="display: inline;font-family:Times New Roman;"> million mark-to-market </font><font style="display: inline;font-family:Times New Roman;">loss</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</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;"> Gold Corp. (&#x201C;Midas&#x201D;)</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;">June </font><font style="display: inline;font-family:Times New Roman;">3</font><font style="display: inline;font-family:Times New Roman;">0</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;">, 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;">2</font><font style="display: inline;font-family:Times New Roman;">1.2</font><font style="display: inline;font-family:Times New Roman;"> million, or $0.</font><font style="display: inline;font-family:Times New Roman;">26</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;">18.5</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 $1.</font><font style="display: inline;font-family:Times New Roman;">0</font><font style="display: inline;font-family:Times New Roman;"> million for </font><font style="display: inline;font-family:Times New Roman;">the </font><font style="display: inline;font-family:Times New Roman;">three months ended </font><font style="display: inline;font-family:Times New Roman;">June 30</font><font style="display: inline;font-family:Times New Roman;">, 2014</font><font style="display: inline;font-family:Times New Roman;">,</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">down approximately </font><font style="display: inline;font-family:Times New Roman;">8</font><font style="display: inline;font-family:Times New Roman;">3</font><font style="display: inline;font-family:Times New Roman;">% from </font><font style="display: inline;font-family:Times New Roman;">$</font><font style="display: inline;font-family:Times New Roman;">5.9</font><font style="display: inline;font-family:Times New Roman;"> 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;">&nbsp;</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 the prefeasibility study </font><font style="display: inline;font-family:Times New Roman;">and preparation of the final environmental impact statement </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;">In addition, </font><font style="display: inline;font-family:Times New Roman;">several </font><font style="display: inline;font-family:Times New Roman;">cost cutting measures </font><font style="display: inline;font-family:Times New Roman;">were</font><font style="display: inline;font-family:Times New Roman;"> introduced at Mt Todd </font><font style="display: inline;font-family:Times New Roman;">during the latter half of 2013, and we </font><font style="display: inline;font-family:Times New Roman;">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</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;">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 </font><font style="display: inline;font-family:Times New Roman;">general and administrative</font><font style="display: inline;font-family:Times New Roman;"> costs </font><font style="display: inline;font-family:Times New Roman;">totaled $1.</font><font style="display: inline;font-family:Times New Roman;">1</font><font style="display: inline;font-family:Times New Roman;"> million for the three months ended </font><font style="display: inline;font-family:Times New Roman;">June 30</font><font style="display: inline;font-family:Times New Roman;">, 2014,</font><font style="display: inline;font-family:Times New Roman;"> down from </font><font style="display: inline;font-family:Times New Roman;">$1.</font><font style="display: inline;font-family:Times New Roman;">2</font><font style="display: inline;font-family:Times New Roman;"> 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;">1</font><font style="display: inline;font-family:Times New Roman;">4</font><font style="display: inline;font-family:Times New Roman;">.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;">5.7</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;">June 30</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;">, 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;">All dollar amounts in th</font><font style="display: inline;font-family:Times New Roman;">is</font><font style="display: inline;font-family:Times New Roman;"> press release are U.S. dollars</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;">About Vista Gold Corp.</font>
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			<font style="display: inline;font-family:Times New Roman;">Vista&#x2019;s principal asset </font><font style="display: inline;font-family:Times New Roman;">is</font><font style="display: inline;font-family:Times New Roman;"> its flagship Mt Todd gold project in Northern Territory, Australia</font><font style="display: inline;font-family:Times New Roman;">.&nbsp;&nbsp;We also hold </font><font style="display: inline;font-family:Times New Roman;">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;">% &nbsp;</font><font style="display: inline;font-family:Times New Roman;">of the outstanding common shares of </font><font style="display: inline;font-family:Times New Roman;">Midas</font><font style="display: inline;font-family:Times New Roman;">, &nbsp;</font><font style="display: inline;font-family:Times New Roman;">non-core projects in Mexico and </font><font style="display: inline;font-family:Times New Roman;">the United States</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>
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			<font style="display: inline;font-family:Times New Roman;">For further information, please contact Connie Martinez at (720) 981-1185.</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">Forward Looking Statements</font>
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			<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;">our expectation that </font><font style="display: inline;font-size:9pt;">the </font><font style="display: inline;font-size:9pt;">trend with respect to </font><font style="display: inline;font-size:9pt;">the Company&#x2019;s </font><font style="display: inline;font-size:9pt;">cash management will continue through the remainder of the year</font><font style="display: inline;font-size:9pt;">, &nbsp;</font><font style="display: inline;font-size:9pt;">our belief that the env</font><font style="display: inline;font-size:9pt;">ironmental impact statement for</font><font style="display: inline;font-size:9pt;"> our Mt Todd gold project remains on track for approval in Q3 of 2014</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;">&nbsp;</font><font style="display: inline;font-size:9pt;">our expectation with respect to the timing and occurrence of our customary quarterly conference call</font><font style="display: inline;font-size:9pt;">, 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;">,</font><font style="display: inline;font-size:9pt;">&nbsp;</font><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; 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>
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