<SEC-DOCUMENT>0000783324-15-000003.txt : 20150202
<SEC-HEADER>0000783324-15-000003.hdr.sgml : 20150202
<ACCEPTANCE-DATETIME>20150202153255
ACCESSION NUMBER:		0000783324-15-000003
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20150202
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150202
DATE AS OF CHANGE:		20150202

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:		15566757

	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-20150202x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			vgz - 20150202 - LC Amend 8K
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			<a name="A001"></a><a name="_GoBack"></a><font style="display: inline;font-weight:bold;font-size:10pt;">UNITED STATES</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;">SECURITIES AND EXCHANGE COMMISSION</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;">WASHINGTON, D.C. 20549</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
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			<font style="display: inline;">_________________ </font>
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			<a name="A003"></a><font style="display: inline;font-weight:bold;">FORM 8-K</font><font style="display: inline;">&nbsp;</font>
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			<a name="A004"></a><font style="display: inline;font-weight:bold;">CURRENT REPORT</font><font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">Pursuant to Section 13 or 15(d) of the </font><br /><font style="display: inline;font-size:10pt;">Securities Exchange Act of 1934 </font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Date of Report: </font><font style="display: inline;font-weight:bold;font-size:10pt;">January 29, 2015</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>
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			<font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">Item 1.01 Entry into a Material Definitive Agreement</font>
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		<p style="margin:0pt;line-height:normal;color:#000000;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On January 29, 2015, Vista</font><font style="display: inline;font-size:10pt;"> Gold Corp.</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">(&#x201C;</font><font style="display: inline;font-weight:bold;font-size:10pt;">Vista</font><font style="display: inline;font-size:10pt;">&#x201D;) </font><font style="display: inline;font-size:10pt;">and</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">RPG Structured Finance S.&#xC1;. R.L.</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">(</font><font style="display: inline;font-size:10pt;">the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:10pt;">Purchaser</font><font style="display: inline;font-size:10pt;">&#x201D;</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> and </font><font style="display: inline;font-size:10pt;">together </font><font style="display: inline;font-size:10pt;">with Vista, </font><font style="display: inline;font-size:10pt;">the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:10pt;">Parties</font><font style="display: inline;font-size:10pt;">&#x201D;)</font><font style="display: inline;font-size:10pt;"> entered into </font><font style="display: inline;font-size:10pt;">a &nbsp;</font><font style="display: inline;font-size:10pt;">third amending agreement (&#x201C;</font><font style="display: inline;font-weight:bold;font-size:10pt;">Third Amending Agreement</font><font style="display: inline;font-size:10pt;">&#x201D;) to its previously announced</font><font style="display: inline;font-size:10pt;"> debt transfer agreement made as of October 16, 2013 (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:10pt;">Original Agreement</font><font style="display: inline;font-size:10pt;">&#x201D;) which, among other things, provides for the acquisition by the Purchaser of the non-interest bearing indebtedness of Desarrollos Zapal, S.A. de C.V. to Vista in the amount of US$20,090,528.43;</font>
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		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On January 30, 2014, Vista and the Purchaser entered into an amending agreement (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:10pt;">First Amending Agreement</font><font style="display: inline;font-size:10pt;">&#x201D;), pursuant to which (i) the Subsequent Payment Date (as defined in the Original Agreement) was extended from January 30, 2014 to July 31, 2014 and (ii) the consideration to be paid was increased by US$250,000 as consideration for the extension (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:10pt;">First Extension Consideration</font><font style="display: inline;font-size:10pt;">&#x201D;)</font><font style="display: inline;font-size:10pt;">.</font>
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		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On July 25, 2014, Vista and the Purchaser entered into a </font><font style="display: inline;font-size:10pt;">second </font><font style="display: inline;font-size:10pt;">amending agreement (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:10pt;">Second Amending Agreement</font><font style="display: inline;font-size:10pt;">&#x201D;, together with the Original Agreement and the First Amending Agreement, the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:10pt;">Agreement</font><font style="display: inline;font-size:10pt;">&#x201D;) pursuant to which the </font><font style="display: inline;font-size:10pt;">P</font><font style="display: inline;font-size:10pt;">arties agreed that (i) the Subsequent Payment Date was extended from July 31, 2014 to January 30, 2015 and (ii) the payment of the First Extension Consideration and the additional consideration of US$250,000 for entering into the Second Amending Agreement </font><font style="display: inline;font-size:10pt;">was</font><font style="display: inline;font-size:10pt;"> paid contemporaneously with the execution of the Second Amending Agreement</font><font style="display: inline;font-size:10pt;">.</font>
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		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Pursuant to the Third Amending Agreement, the parties have agreed </font><font style="display: inline;font-size:10pt;">to amend the Agreement to (i) reduce the Subsequent Payment Amount (as defined in the Agreement) from US$6,000,000 to US$3,000,000, (ii) remove the Purchaser&#x2019;s termination right in Section 5.1(a) of the Agreement and (iii) update the wire instructions for sending funds.</font>
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		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The Agreement was amended as follows:</font>
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			<font style="display: inline;font-size:10pt;">Recital B of the Agreement is amended so that the reference to</font>
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		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#x201C;US$13 million&#x201D; is deleted and &#x201C;US$10 million&#x201D; is substituted in its place; and</font>
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		<p style="margin:0pt 0pt 6pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#x201C;US$6 million&#x201D; is deleted and &#x201C;US$3 million&#x201D; is substituted in its place.</font>
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		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The definition of &#x201C;Purchase Price&#x201D; in Section 1.1 of the Agreement is amended so that the reference to &#x201C;US$12,985,000&#x201D; is deleted and &#x201C;US$9,985,000&#x201D; is substituted in its place.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The definition of &#x201C;Subsequent Payment Amount&#x201D; in Section 1.1 of the Agreement is amended so that the reference to &#x201C;US$6,000,000&#x201D; is deleted and &#x201C;US$3,000,000&#x201D; is substituted in its place.</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Section 5.1 of the Agreement is amended so that the reference to &#x201C;: (a) the termination of this Agreement by the Purchaser in writing in its sole discretion on or prior to January 30, 2015; or (b)&#x201D;, such that Section 5.1, as amended, reads as follows:</font>
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		<p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&#x201C;This Agreement shall terminate and be of no further force or effect upon the mutual agreement of the Parties.&#x201D;</font>
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		<p style="margin:0pt 0pt 0pt 36pt;line-height:normal;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 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Schedule &#x201C;A&#x201D; of the Agreement </font><font style="display: inline;font-size:10pt;">is amended to change the Account Number.</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">No other provisions of the Agreement were amended. This summary of the material terms of the </font><font style="display: inline;color:#000000;font-size:10pt;">Third </font><font style="display: inline;color:#000000;font-size:10pt;">Amend</font><font style="display: inline;color:#000000;font-size:10pt;">ing</font><font style="display: inline;color:#000000;font-size:10pt;"> Agreement are qualified in their entirety by the </font><font style="display: inline;color:#000000;font-size:10pt;">Third </font><font style="display: inline;color:#000000;font-size:10pt;">Amend</font><font style="display: inline;color:#000000;font-size:10pt;">ing</font><font style="display: inline;color:#000000;font-size:10pt;"> Agreement attached hereto as Exhibit 10.1.</font>
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			<font style="display: inline;font-size:11pt;">&nbsp;</font>
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			<font style="display: inline;font-weight:bold;font-size:11pt;">&nbsp;</font>
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			<font style="display: inline;font-style:italic;color:#000000;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 10pt">

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

			&nbsp;

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		<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;line-height:normal;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;color:#000000;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;color:#000000;font-size:10pt;">&nbsp;</font><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;">January </font><font style="display: inline;font-size:10pt;">30</font><font style="display: inline;font-size:10pt;">, 201</font><font style="display: inline;font-size:10pt;">5</font><font style="display: inline;font-size:10pt;">, the Registrant issued a press release announcing</font><font style="display: inline;font-size:10pt;"> that </font><font style="display: inline;font-size:10pt;">it</font><font style="display: inline;font-size:10pt;"> has agreed to </font><font style="display: inline;font-size:10pt;">amend the payment terms of its sale of the Los Cardones gold project in Baja California Sur, Mexico</font><font style="display: inline;font-size:10pt;"> and will receive a US$3.0 million cash payment as full and final payment for the project</font><font style="display: inline;font-size:10pt;">.</font><font style="display: inline;font-size:10pt;"> &nbsp;A copy of the press release is attached to this report as Exhibit&nbsp;99.1. In accordance with General Instruction B.2 of Form&nbsp;8-K, the information set forth herein and in the press release is deemed to be &#x201C;furnished&#x201D; and shall not be deemed to be &#x201C;filed&#x201D; for purposes of the Securities Exchange Act of 1934, as amended and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.&nbsp;&nbsp;The information set forth in Item 7.01 of this report shall not be deemed an admission as to the materiality of any information in this report on Form&nbsp;8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.</font>
		</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 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;text-decoration:underline;">Exhibit No.</font><font style="display: inline;font-size:10pt;text-decoration:underline;;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;text-decoration:underline;">Description</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;">10.1</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;"></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;"></font><font style="display: inline;font-size:10pt;">Amend</font><font style="display: inline;font-size:10pt;">ing</font><font style="display: inline;font-size:10pt;"> Agreement</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;"></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;"></font><font style="display: inline;font-size:10pt;">Press Release dated </font><font style="display: inline;font-size:10pt;">January </font><font style="display: inline;font-size:10pt;">30</font><font style="display: inline;font-size:10pt;">, 201</font><font style="display: inline;font-size:10pt;">5</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 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
			<tr style="CellSpacing:0;">
				<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-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>
			</tr>
			<tr style="CellSpacing:0;">
				<td valign="top" style="width:50.00%;padding:0pt;">
					<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;</font><font style="display: inline;font-size:10pt;">February </font><font style="display: inline;font-size:10pt;">2</font><font style="display: inline;font-size:10pt;">, 201</font><font style="display: inline;font-size:10pt;">5</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>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&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-weight:bold;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-weight:bold;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-weight:bold;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-weight:bold;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-weight:bold;font-size:10pt;">EXHIBIT INDEX</font>
		</p>
		<p style="margin:0pt;text-align:center;border-top:1pt none #D9D9D9 ;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;text-decoration:underline;">Exhibit No.</font><font style="display: inline;font-size:10pt;text-decoration:underline;;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;text-decoration:underline;">Description</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;">10.1</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;"></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;">Amending Agreement</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;"></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 January 30, 2015*</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;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&nbsp;</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;

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

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>vgz-20150202ex101028566.htm
<DESCRIPTION>EX-10.1
<TEXT>
<!--HTML document created with Rivet Software Powered by Crossfire 5.11.95.0-->
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<html>
	<head>
		<title>
			vgz - 2015.02.02 - LC Amend EX10.1
		</title>
	</head>
	<body><div style="margin-left:72pt;margin-right:72pt;">
		<p style="margin:0pt 0pt 12pt;text-align:right;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;font-size:11pt;text-decoration:underline;">EXHIBIT 10.1</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:center;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-size:11pt;text-decoration:underline;">THIRD</font><font style="display: inline;font-weight:bold;font-size:11pt;text-decoration:underline;">&nbsp;</font><font style="display: inline;font-weight:bold;font-size:11pt;text-decoration:underline;">AMENDING AGREEMENT</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-size:11pt;">THIS AGREEMENT </font><font style="display: inline;font-size:11pt;">made this </font><font style="display: inline;font-size:11pt;">29th</font><font style="display: inline;font-size:11pt;"> of </font><font style="display: inline;font-size:11pt;">January</font><font style="display: inline;font-size:11pt;">, 2015</font><font style="display: inline;font-size:11pt;">, &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 12pt;text-align:left;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-size:11pt;">BETWEEN:</font>
		</p>
		<p style="margin:0pt 0pt 12pt 72pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-size:11pt;">Vista Gold Corp., </font><font style="display: inline;font-size:11pt;">a corporation existing under the laws of British Columbia, Canada</font>
		</p>
		<p style="margin:0pt 0pt 12pt 72pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-size:11pt;">(&#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;">Vista</font><font style="display: inline;font-size:11pt;">&#x201D;)</font>
		</p>
		<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-size:11pt;">AND</font>
		</p>
		<p style="margin:0pt 0pt 12pt 72pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-size:11pt;">RPG Structured Finance S.</font><font style="display: inline;font-weight:bold;font-size:11pt;">&#xC0;</font><font style="display: inline;font-weight:bold;font-size:11pt;">. &nbsp;</font><font style="display: inline;font-weight:bold;font-size:11pt;">R</font><font style="display: inline;font-weight:bold;font-size:11pt;">.</font><font style="display: inline;font-weight:bold;font-size:11pt;">L</font><font style="display: inline;font-weight:bold;font-size:11pt;">., </font><font style="display: inline;font-size:11pt;">a company existing under the laws of Luxembourg</font>
		</p>
		<p style="margin:0pt 0pt 12pt 108pt;text-indent: -36pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-size:11pt;">(the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;">Purchaser</font><font style="display: inline;font-size:11pt;">&#x201D;)</font>
		</p>
		<p style="margin:0pt 0pt 12pt 36pt;text-indent: -36pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-size:11pt;">WHEREAS:</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 22.00pt; display: inline;">
			<p style="border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;border-bottom:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> A.</font>
			</p>
		</td><td style="width:18pt;"><p style="width:18pt;width:18pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">Vista and the Purchaser (together the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;">Parties</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D;) entered into a debt transfer agreement made as of October 16, 2013 (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;">Original Agreement</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D;) which, among other things, provides for the acquisition by the Purchaser of the non-interest bearing indebtedness of Desarrollos Zapal, S.A. de C.V. to Vista in </font><font style="display: inline;font-size:11pt;color:#000000;">the amount of US$20,090,528.43;</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 22.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> B.</font>
			</p>
		</td><td style="width:18pt;"><p style="width:18pt;width:18pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">On January 30, 2014, Vista and the Purchaser entered into an amending agreement (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;">First Amending Agreement</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D;</font><font style="display: inline;font-size:11pt;color:#000000;">)</font><font style="display: inline;font-size:11pt;color:#000000;">, pursuant to which (i) the Subsequent Payment Date (as defined in the Original Agreement) was extended from January 30, 2014 to July 31, 2014 and (ii) the consideration to be paid was increased by US$250,000 as consideration for the extension (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;">First Extension Consideration</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D;);</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 22.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> C.</font>
			</p>
		</td><td style="width:18pt;"><p style="width:18pt;width:18pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">On July 25, 2014, Vista and the Purchaser entered into an amending agreement (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;">Second Amending Agreement</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D;, </font><font style="display: inline;font-size:11pt;color:#000000;">together with the Original Agreement</font><font style="display: inline;font-size:11pt;color:#000000;"> and the First Amending Agreement</font><font style="display: inline;font-size:11pt;color:#000000;">, the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;">Agreement</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D;)</font><font style="display: inline;font-size:11pt;color:#000000;"> pursuant to which the parties agreed that (i) the Subsequent Payment Date was extended from July 31, 2014 to January 30, 2015 and (ii) the payment of the First Extension Consideration and the additional consideration of </font><font style="display: inline;font-size:11pt;color:#000000;">US</font><font style="display: inline;font-size:11pt;color:#000000;">$250,000 for entering into the Second Amending Agreement would be paid </font><font style="display: inline;font-size:11pt;color:#000000;">contemporane</font><font style="display: inline;font-size:11pt;color:#000000;">ously with the execution of the</font><font style="display: inline;font-size:11pt;color:#000000;"> Second Amending Agreement</font><font style="display: inline;font-size:11pt;color:#000000;">; and</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 22.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;border-top:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> D.</font>
			</p>
		</td><td style="width:18pt;"><p style="width:18pt;width:18pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">the Parties wish </font><font style="display: inline;font-size:11pt;color:#000000;">to </font><font style="display: inline;font-size:11pt;color:#000000;">amend the Agreement to</font><font style="display: inline;font-size:11pt;color:#000000;">&nbsp;</font><font style="display: inline;font-size:11pt;color:#000000;">(i) </font><font style="display: inline;font-size:11pt;color:#000000;">reduce the Subsequent Payment Amount (as defined in the Agreement) from US$6,000,000 to US$3,000,000</font><font style="display: inline;font-size:11pt;color:#000000;">,</font><font style="display: inline;font-size:11pt;color:#000000;"> (ii) remove the Purchaser&#x2019;s termination right in Section 5.1(a) of the Agreement</font><font style="display: inline;font-size:11pt;color:#000000;"> and (iii) </font><font style="display: inline;font-size:11pt;color:#000000;">update the wire instructions for sending funds</font><font style="display: inline;font-size:11pt;color:#000000;">.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-size:11pt;color:#000000;">NOW THEREFORE in consideration of the mutual covenants and promises herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledge, the Parties agree as follows:</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt; display: inline;">
			<p style="border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;border-bottom:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> 1.</font>
			</p>
		</td><td style="width:17pt;"><p style="width:17pt;width:17pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">Recital B of the Agreement is a</font><font style="display: inline;font-size:11pt;color:#000000;">mended so that the reference to</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> a.</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">&#x201C;</font><font style="display: inline;font-size:11pt;color:#000000;">US$13 million</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D; is deleted and &#x201C;</font><font style="display: inline;font-size:11pt;color:#000000;">US$10 million&#x201D; is substituted in its place; and</font></p></td></tr></table></div>
		<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>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> b.</font>
			</p>
		</td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">&#x201C;</font><font style="display: inline;font-size:11pt;color:#000000;">US$6 million</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D; is deleted and &#x201C;</font><font style="display: inline;font-size:11pt;color:#000000;">US$3 million&#x201D; is substituted in its place.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> 2.</font>
			</p>
		</td><td style="width:17pt;"><p style="width:17pt;width:17pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">The definition of &#x201C;</font><font style="display: inline;font-size:11pt;color:#000000;">Purchase Price</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D; in Section 1.1 of the Agreement is amended so that the reference to &#x201C;</font><font style="display: inline;font-size:11pt;color:#000000;">US$12,985,000</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D; is deleted and &#x201C;</font><font style="display: inline;font-size:11pt;color:#000000;">US$9,985,000</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D; is substituted in its place.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> 3.</font>
			</p>
		</td><td style="width:17pt;"><p style="width:17pt;width:17pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">The definition of &#x201C;</font><font style="display: inline;font-size:11pt;color:#000000;">Subsequent Payment Amount</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D; in Section 1.1 of the Agreement is amended so that the reference to &#x201C;</font><font style="display: inline;font-size:11pt;color:#000000;">US$6,000,000</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D; is deleted and &#x201C;</font><font style="display: inline;font-size:11pt;color:#000000;">US$3,000,000</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D; is substituted in its place.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;border-top:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> 4.</font>
			</p>
		</td><td style="width:17pt;"><p style="width:17pt;width:17pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">Section 5.1 of the Agreement is amended so that the reference to &#x201C;: (a) the termination of this Agreement by the Purchaser in writing in its sole discretion on or prior to January 30, 2015; or (b)&#x201D;, such that Section 5.1, as amended, reads as follows:</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt 36pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-size:11pt;color:#000000;">&#x201C;This Agreement shall terminate and be of no further force or effect upon the mutual agreement of the Parties.&#x201D;</font>
		</p>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt; display: inline;">
			<p style="border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;border-bottom:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> 5.</font>
			</p>
		</td><td style="width:17pt;"><p style="width:17pt;width:17pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">Schedule &#x201C;A&#x201D; of the Agreement is amended so that the reference to Account Number &#x201C;</font><font style="display: inline;font-size:11pt;background-color:black;color:#000000;">8117536045</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D; is deleted and Account Number &#x201C;</font><font style="display: inline;font-size:11pt;background-color:black;color:#000000;">4977297647</font><font style="display: inline;font-size:11pt;color:#000000;">&#x201D; is substituted in its place.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> 6.</font>
			</p>
		</td><td style="width:17pt;"><p style="width:17pt;width:17pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">The Agreement, as amended hereby, shall continue in full force and effect and the provisions of the Agreement, as hereby amended, are ratified and confirmed in all respects.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;border-top:1pt none #D9D9D9;border-bottom:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> 7.</font>
			</p>
		</td><td style="width:17pt;"><p style="width:17pt;width:17pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">This </font><font style="display: inline;font-size:11pt;color:#000000;">Third</font><font style="display: inline;font-size:11pt;color:#000000;"> Amending </font><font style="display: inline;font-size:11pt;color:#000000;">Agreement and the Agreement shall be read and construed together as if they constituted one document, provided that if there is any inconsistency between the Agreement and the provisions in this </font><font style="display: inline;font-size:11pt;color:#000000;">Third</font><font style="display: inline;font-size:11pt;color:#000000;"> Amending </font><font style="display: inline;font-size:11pt;color:#000000;">Agreement, the provisions of this </font><font style="display: inline;font-size:11pt;color:#000000;">Third</font><font style="display: inline;font-size:11pt;color:#000000;"> Amending </font><font style="display: inline;font-size:11pt;color:#000000;">Agreement shall govern.</font></p></td></tr></table></div>
		<div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt; display: inline;">
			<p style="border-top:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
				<font style="margin:0pt 0pt 12pt;font-weight:normal;border-top:1pt none #D9D9D9;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size:11pt;;"> 8.</font>
			</p>
		</td><td style="width:17pt;"><p style="width:17pt;width:17pt;font-size:0pt;"></p></td><td align="left" valign="top">
			<p style="border-top:1pt none #D9D9D9 ;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt;margin:0pt 0pt 12pt;">
			<font style="display: inline;font-size:11pt;color:#000000;">This </font><font style="display: inline;font-size:11pt;color:#000000;">Third</font><font style="display: inline;font-size:11pt;color:#000000;"> Amending </font><font style="display: inline;font-size:11pt;color:#000000;">Agreement may be executed and delivered in any number of counterparts, which may be executed and delivered by facsimile transmission or electronically in PDF or similar secure format, and it will not be necessary that the signatures of all Parties be contained on any counterpart</font><font style="display: inline;font-size:11pt;color:#000000;">.</font><font style="display: inline;font-size:11pt;color:#000000;"> Each counterpart will be deemed an original and all counterparts together will constitute one and the same document.</font></p></td></tr></table></div>
		<p style="margin:0pt 0pt 12pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-size:11pt;color:#000000;">IN WITNESS WHEREOF the Parties hereto have caused this </font><font style="display: inline;font-size:11pt;color:#000000;">Third</font><font style="display: inline;font-size:11pt;color:#000000;"> Amending </font><font style="display: inline;font-size:11pt;color:#000000;">Agreement to be executed by their duly authorized representatives as of the date first above written.</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" align="right" style="border-collapse:collapse;margin-left:0pt;">
			<tr>
				<td colspan="2" valign="bottom" style="width:248.40pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;text-align:left;font-weight:bold;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:11pt;color:#000000;"></font><font style="display: inline;font-size:11pt;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:11pt;color:#000000;"></font><font style="display: inline;font-size:11pt;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:11pt;color:#000000;"></font><font style="display: inline;font-size:11pt;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:11pt;color:#000000;"></font><font style="display: inline;font-size:11pt;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:11pt;color:#000000;"></font><font style="display: inline;font-size:11pt;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:11pt;color:#000000;"></font><a name="_DV_M493"></a><font style="display: inline;font-size:11pt;color:#000000;">VISTA GOLD CORP.</font></p>
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				<td valign="top" style="width:28.80pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;">By:</font></p>
				</td>
				<td valign="top" style="width:219.60pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;">/s/Frederick H. Earnest</font></p>
				</td>
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				<td valign="top" style="width:28.80pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:219.60pt;border-top:1pt solid #000000 ;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;">Name:</font><font style="display: inline;font-size:11pt;color:#000000;"> &nbsp;Frederick H. Earnest</font></p>
				</td>
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					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:219.60pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;">Title:</font><font style="display: inline;font-size:11pt;color:#000000;"> &nbsp;&nbsp;&nbsp;President &amp; CEO</font></p>
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		</table></div>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-size:11pt;color:#000000;">&nbsp;</font>
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					<p style="margin:0pt;text-align:left;font-weight:bold;line-height:100%;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;">RPG STRUCTURED FINANCE S.&#xC0; R.L.</font></p>
				</td>
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					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;">By:</font></p>
				</td>
				<td valign="top" style="width:219.60pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;">/s/Julien Francois</font></p>
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					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:219.60pt;border-top:1pt solid #000000 ;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;">Name:</font><font style="display: inline;font-size:11pt;color:#000000;"> &nbsp;Julien Francois</font></p>
				</td>
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					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:219.60pt;padding:0pt 6.5pt;">
					<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
						<font style="display: inline;font-size:11pt;color:#000000;">Title:</font><font style="display: inline;font-size:11pt;color:#000000;"> &nbsp;&nbsp;&nbsp;Manager</font></p>
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		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;"></font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;"></font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;"></font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;"></font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;"></font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;"></font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:11pt;color:#000000;"></font><font style="display: inline;font-size:11pt;color:#000000;">&nbsp;</font>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>vgz-20150202ex991563dcb.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!--HTML document created with Rivet Software Powered by Crossfire 5.11.95.0-->
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		<title>
			vgz - 2015.02.02 - LC Amend EX99.1
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	<body><div style="margin-left:50pt;margin-right:54pt;">
		<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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					<p style="margin:0pt;line-height:115%;font-family:Calibri;overflow: hidden;font-size:0pt;">
						<font style="display: inline;font-size:10pt;"><img src="vgz-20150202ex991563dcbg001.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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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<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>
		</p>
		<p style="margin:0pt 0pt 0pt 396pt;line-height:100%;text-indent:52.6pt;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>
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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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		<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Cambria;font-size:12pt;">&nbsp;</font>
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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. </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Amends the Payment </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Terms</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;"> for the Los Cardones Project and </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Will </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Receive a US$3.0 </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">M</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">illion Cash Payment</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">Denver, Colorado</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">,</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">January </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">30</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">, &nbsp;</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;">5 &nbsp;</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">- &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Vista Gold Corp. (the &#x201C;Company,&#x201D; &#x201C;we&#x201D; or &#x201C;our&#x201D;) (NYSE MKT and TSX: VGZ) today announced it</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> has agreed to amend the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">payment terms (the &#x201C;Amendment&#x201D;) of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">its sale</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> of the Los Cardones gold project</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in Baja California Sur, Mexico</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Invecture Group, S.A. de C.V. (&#x201C;Invecture&#x201D;)</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and </font><font style="display: inline;font-family:Times New Roman;">RPG Structured Finance S.</font><font style="display: inline;font-family:Times New Roman;">&#xE1;</font><font style="display: inline;font-family:Times New Roman;">.r.l. </font><font style="display: inline;font-family:Times New Roman;">(</font><font style="display: inline;font-family:Times New Roman;">together</font><font style="display: inline;font-family:Times New Roman;">,</font><font style="display: inline;font-family:Times New Roman;"> the &#x201C;Purchasers&#x201D;)</font><font style="display: inline;font-family:Times New Roman;">. &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">Under the Amendment, t</font><font style="display: inline;font-family:Times New Roman;">he Company </font><font style="display: inline;font-family:Times New Roman;">will </font><font style="display: inline;font-family:Times New Roman;">receive </font><font style="display: inline;font-family:Times New Roman;">a payment of US$3.0 million </font><font style="display: inline;font-family:Times New Roman;">cash from the Purchasers </font><font style="display: inline;font-family:Times New Roman;">as full and final payment for 100% of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Company&#x2019;s debt and equity participation in the Los Cardones gold project.</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;line-height:100%;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 ;line-height:100%;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-size:11pt;">In October 2013, we </font><font style="display: inline;font-size:11pt;">agreed to sell</font><font style="display: inline;font-size:11pt;">&nbsp;</font><font style="display: inline;font-size:11pt;">100% of our debt and equity participation in the Los Cardones gold project to&nbsp;the Purchasers for total consideration of US$13 million, US$7 million of which was paid at closing and US$6&nbsp;million of which is due by January 30, 2015</font><font style="display: inline;font-size:11pt;"> &nbsp;(</font><font style="display: inline;font-size:11pt;">extended from January 30, 2014, and subsequently from July 31, 2014</font><font style="display: inline;font-size:11pt;">)</font><font style="display: inline;font-size:11pt;">. The Purchasers ha</font><font style="display: inline;font-size:11pt;">d</font><font style="display: inline;font-size:11pt;"> the option to elect, in their discretion, not to make the second payment of US$6 million, in which case, we would retain all amounts already received and the Los Cardones gold project would be returned to us.&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-size:11pt;">On October 28, 2014, Invecture&nbsp;announced that the Los Cardones gold project had been suspended, stating that conditions for its development were not favorable at that time. </font><font style="display: inline;font-size:11pt;">Since making this announcement, there have been no </font><font style="display: inline;font-size:11pt;">apparent </font><font style="display: inline;font-size:11pt;">significant favorable changes to incentivize Invecture to </font><font style="display: inline;font-size:11pt;">lift the suspension</font><font style="display: inline;font-size:11pt;">.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 11pt">
			<font style="display: inline;font-size:11pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;color:#000000;">Frederick H. Earnest, President and Chief Executive Off</font><font style="display: inline;font-family:Times New Roman;color:#000000;">icer, commented, &#x201C;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">It is </font><font style="display: inline;font-family:Times New Roman;color:#000000;">clear </font><font style="display: inline;font-family:Times New Roman;color:#000000;">that Invecture has invested a significant </font><font style="display: inline;font-family:Times New Roman;color:#000000;">amount of time, energy, financial resources and political capital to advance the Los Cardones </font><font style="display: inline;font-family:Times New Roman;color:#000000;">gold </font><font style="display: inline;font-family:Times New Roman;color:#000000;">project. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">However, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">present conditions make it difficult to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">predict when development </font><font style="display: inline;font-family:Times New Roman;color:#000000;">at</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">project might occur.&nbsp;&nbsp;Our key focus is the continued advancement of </font><font style="display: inline;font-family:Times New Roman;color:#000000;">our</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> Mt Todd gold project.&nbsp;&nbsp;Our goal is to position the Mt Todd gold project ready for </font><font style="display: inline;font-family:Times New Roman;color:#000000;">development </font><font style="display: inline;font-family:Times New Roman;color:#000000;">in an improved gold price environment.&nbsp;&nbsp;Like other </font><font style="display: inline;font-family:Times New Roman;color:#000000;">mining companies</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, we face </font><font style="display: inline;font-family:Times New Roman;color:#000000;">risks</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> with regards to financing our activities and ensuring our ongoing viability. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">T</font><font style="display: inline;font-family:Times New Roman;color:#000000;">he </font><font style="display: inline;font-family:Times New Roman;color:#000000;">US</font><font style="display: inline;font-family:Times New Roman;color:#000000;">$3</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.0</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> million payment </font><font style="display: inline;font-family:Times New Roman;color:#000000;">we </font><font style="display: inline;font-family:Times New Roman;color:#000000;">expect to </font><font style="display: inline;font-family:Times New Roman;color:#000000;">receive</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">mitigates</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> those risks</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">and, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">together with a </font><font style="display: inline;font-family:Times New Roman;color:#000000;">US</font><font style="display: inline;font-family:Times New Roman;color:#000000;">$0.5 million Guadalupe de los Reyes option payment expected </font><font style="display: inline;font-family:Times New Roman;color:#000000;">on </font><font style="display: inline;font-family:Times New Roman;color:#000000;">March 2, 2015 (postponed from January </font><font style="display: inline;font-family:Times New Roman;color:#000000;">15, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">2015)</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> and the cash on hand at the end of 2014</font><font style="display: inline;font-family:Times New Roman;color:#000000;">,</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">we believe </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Company </font><font style="display: inline;font-family:Times New Roman;color:#000000;">will be funded </font><font style="display: inline;font-family:Times New Roman;color:#000000;">into 2016</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, consistent with our </font><font style="display: inline;font-family:Times New Roman;color:#000000;">strategy of</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> financ</font><font style="display: inline;font-family:Times New Roman;color:#000000;">ing</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> the Company through non-dilutive means</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&#x201D; </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;color:#000000;font-family:Calibri;font-size: 11pt">
			<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;color:#000000;">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;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">www.vistagold.com</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">&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;color:#000000;line-height:115%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;line-height:115%;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">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">

		</p>
		<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;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="color:#0000FF;display: inline;color:#000000;font-size:9pt;text-decoration:none;">we </font><font style="color:#0000FF;display: inline;color:#000000;font-size:9pt;text-decoration:none;">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 belief that </font><font style="display: inline;font-size:9pt;">Invecture will succeed in developing the Los Cardones gold project,</font><font style="display: inline;font-size:9pt;">&nbsp;</font><font style="display: inline;font-size:9pt;">the receipt and expected timing of the receipt of the US$3 million payment&nbsp; </font><font style="display: inline;font-size:9pt;">and </font><font style="display: inline;color:#000000;font-size:9pt;">US</font><font style="display: inline;color:#000000;font-size:9pt;">$0.5 million </font><font style="display: inline;color:#000000;font-size:9pt;">payments, that these payments together with </font><font style="display: inline;color:#000000;font-size:9pt;">our cash on hand at the end of 2014 will </font><font style="display: inline;color:#000000;font-size:9pt;">provide sufficient funding for the Company </font><font style="display: inline;color:#000000;font-size:9pt;">into</font><font style="display: inline;color:#000000;font-size:9pt;"> 201</font><font style="display: inline;color:#000000;font-size:9pt;">6</font><font style="display: inline;color:#000000;font-size:9pt;">; and our goal to position the Mt Todd gold project to be ready for </font><font style="display: inline;color:#000000;font-size:9pt;">development</font><font style="display: inline;color:#000000;font-size:9pt;"> in an improved gold price environment. </font><font style="display: inline;font-size:9pt;">The material factors and assumptions used to develop the forward-looking statements and forward-looking information contained in this press release include the following</font><font style="display: inline;font-size:9pt;">: &nbsp;</font><font style="display: inline;font-size:9pt;">permitting conditions in Mexico, compliance by our partners of their contractual obligations, track record and ability of our partners, </font><font style="display: inline;font-size:9pt;">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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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><font style="display: inline;font-size:9pt;">risks related to our partners and the geopolitical environment in which they carry on business; </font><font style="display: inline;font-size:9pt;">as well as those factors discussed under the headings </font><a name="_DV_C131"></a><font style="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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="color:#0000FF;display: inline;color:#000000;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>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
