<SEC-DOCUMENT>0000783324-15-000035.txt : 20150514
<SEC-HEADER>0000783324-15-000035.hdr.sgml : 20150514
<ACCEPTANCE-DATETIME>20150514155615
ACCESSION NUMBER:		0000783324-15-000035
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150514
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150514
DATE AS OF CHANGE:		20150514

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:		15862679

	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-20150514x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			vgz - 20150514 - Q1 15 Results 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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			<a name="A003"></a><font style="display: inline;font-weight:bold;">FORM 8-K</font><font style="display: inline;">&nbsp;</font>
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			<a name="A004"></a><font style="display: inline;font-weight:bold;">CURRENT REPORT</font><font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">Pursuant to Section 13 or 15(d) of the </font><br /><font style="display: inline;font-size:10pt;">Securities Exchange Act of 1934 </font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Date of Report: </font><font style="display: inline;font-weight:bold;font-size:10pt;">May 11, 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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			<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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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;">Item </font><font style="display: inline;font-weight:bold;font-size:10pt;">2</font><font style="display: inline;font-weight:bold;font-size:10pt;">.0</font><font style="display: inline;font-weight:bold;font-size:10pt;">2</font><font style="display: inline;font-weight:bold;font-size:10pt;"> &nbsp; &nbsp;</font><font style="display: inline;font-weight:bold;font-size:10pt;">Results of Operation and Financial Condition</font>
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			<font style="display: inline;font-size:10pt;">On </font><font style="display: inline;font-size:10pt;">May 11, 2015</font><font style="display: inline;font-size:10pt;">, the registrant </font><font style="display: inline;font-size:10pt;">provided its unaudited financial results and highlights for the </font><font style="display: inline;font-size:10pt;">first</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">quarter ended </font><font style="display: inline;font-size:10pt;">March 31, 2015</font><font style="display: inline;font-size:10pt;">.</font><font style="display: inline;font-size:10pt;"> &nbsp; &nbsp;</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">The registrant&#x2019;s unaudited financial statements, Management&#x2019;s Discussion and Analysis together with other important disclosures can be found in the Company&#x2019;s Quarterly Report on Form 10-Q, filed with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities.</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
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			<font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">Summary of First Quarter 2015 Financial Results </font>
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			<font style="display: inline;color:#000000;font-size:10pt;">We reported a net loss of $0.9 million or $0.01 per share for the three months ended March 31, 2015.&nbsp;&nbsp;This includes an unrealized $0.4 million mark-to-market loss on our investment in Midas Gold Corp. (&#x201C;Midas&#x201D;) and a realized loss of $0.3 on the sale of 8 million shares in the capital of Midas. We also realized a gain of approximately $2.0 million on the completion of the sale of the Los Cardones gold project. During the three months ended March 31, 2014, we reported a net loss of $1.1 million, or $0.01 per share inclusive of an unrealized $2.1 million mark-to-market gain on our investment in Midas.&nbsp; </font>
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			<font style="display: inline;color:#000000;font-size:10pt;">During the period, expenditures for exploration and property holding costs, principally at our Mt Todd gold project, were down approximately 31% from the same period in 2014. A significant portion of this reduction results from a weaker Australian dollar in 2015.&nbsp;&nbsp;In addition, the Government of the Northern Territory shared the cost of treating and discharging water from the Batman pit during the period; there was no similar program in 2014.&nbsp;&nbsp;At the corporate level, costs were down approximately18% in 2015 from 2014 levels. The 2014 costs included severance costs which resulted from the 2013 retrenchment; there were no similar programs in 2015.&nbsp;&nbsp;&nbsp; </font>
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			<font style="display: inline;color:#000000;font-size:10pt;">Our working capital at March 31, 2015 totaled approximately $10.8 million, including cash of approximately $8.7 million. The Company has no debt.&nbsp; </font>
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			<font style="display: inline;color:#000000;font-size:10pt;">Frederick H. Earnest, President and Chief Executive Off</font><font style="display: inline;color:#000000;font-size:10pt;">icer, commented, &#x201C;With the funding obtained from non-dilutive sources in the first quarter of the year, we now have a much stronger balance sheet and are better able to sustain our planned activities.&nbsp;&nbsp;At Mt Todd, the wet season has ended and the site received 25% less rain than normal.&nbsp;&nbsp;As a result pond levels are much lower than normal.&nbsp;&nbsp;With the pumping and automated control system installed in the Batman pit we were able to discharge 1.4 million cubic meters of treated water from the pit. We wish to acknowledge the important role that the Government of the Northern Territory has played in this effort, and we are pleased with the positive working relationship we enjoy with them. We have begun the field investigation work necessary to prepare the request for the authorization required </font><font style="display: inline;font-size:10pt;">under the Environmental Protection and Biodiversity Conservation Act 1999 ("EPBC Act") &nbsp;from the federal government (as it relates to the Gouldian Finch). We anticipate that this authorization will be granted by the fourth quarter of this year. In the meanwhile, we continue to work on the general sections of the mine operating permit (known as the Mine Management Plan or "MMP").&nbsp; We are focused on opportunities to advance the Mt Todd gold project beyond those improvements already caused by favorable changes in the US$/AUD exchange rate. We continue to work to have the Mt Todd gold project ready for development as economic conditions permit.&#x201D; </font>
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			<font style="display: inline;color:#000000;font-size:10pt;">To review the Company's Quarterly Report on Form 10-Q for the three months ended March 31, 2015, including the related Management's Discussion and Analysis, visit any of the following websites: </font><font style="display: inline;color:#0033CC;font-size:10pt;text-decoration:underline;">www.sedar.com</font><font style="display: inline;color:#000000;font-size:10pt;">, &nbsp;</font><font style="display: inline;color:#0033CC;font-size:10pt;text-decoration:underline;">www.sec.gov</font><font style="display: inline;color:#000000;font-size:10pt;"> or </font><font style="display: inline;color:#0033CC;font-size:10pt;text-decoration:underline;">www.vistagold.com</font><font style="display: inline;color:#000000;font-size:10pt;">.</font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Management Conference Call</font>
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			<font style="display: inline;font-size:10pt;">A conference call with management to review our financial results for the three months ended March 31, 2015 and to discuss corporate and project activities is scheduled for Tuesday, May 12, 2015 at 2:30 p.m. MDT.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;">Toll-free in North America: 1-866-233-5249 </font>
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			<font style="display: inline;font-size:10pt;">International:&nbsp;&nbsp;416-642-3300</font>
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			<font style="display: inline;font-size:10pt;">This call will also be web-cast and can be accessed at the following web location:</font>
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			<font style="display: inline;color:#0070C0;font-size:10pt;">http://event.on24.com/r.htm?e=995235&amp;s=1&amp;k=6EEA209AD03BA545DFD00D23C996FA1D</font><font style="display: inline;color:#0070C0;font-size:10pt;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">This call will be archived and available at </font><font style="display: inline;color:#0033CC;font-size:10pt;">www.vistagold.com</font><font style="display: inline;font-size:10pt;"> after May 12, 2015.&nbsp;&nbsp;Audio replay will be available for 21 days by calling toll-free in North America:&nbsp;&nbsp;1-866-245-6755, passcode 679087.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">If you are unable to access the audio or phone-in on the day of the conference call, please email questions to Connie Martinez, Manager &#x2013; Investor Relations (email: </font><font style="display: inline;color:#0033CC;font-size:10pt;">connie@vistagold.com</font><font style="display: inline;font-size:10pt;">), and we will try to address these questions prior to or during the conference call.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">All dollar amounts in the press release are U.S. dollars.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:3.75pt 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;">In accordance with General Instruction B.2 of Form 8-K, the information in this Item 2.02 shall not be deemed to be &#x201C;filed&#x201D; for purposes of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. </font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item 7.01&nbsp;&nbsp;Regulation FD</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On </font><font style="display: inline;font-size:10pt;">May 11</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> 2015</font><font style="display: inline;font-size:10pt;"> the Registrant issued a press release </font><font style="display: inline;font-size:10pt;">providing </font><font style="display: inline;font-size:10pt;">its </font><font style="display: inline;font-size:10pt;">unaudited </font><font style="display: inline;font-size:10pt;">financial results</font><font style="display: inline;font-size:10pt;"> and highlights</font><font style="display: inline;font-size:10pt;"> for the </font><font style="display: inline;font-size:10pt;">first</font><font style="display: inline;font-size:10pt;"> quarter ended </font><font style="display: inline;font-size:10pt;">March 31, 2015</font><font style="display: inline;font-size:10pt;">.</font><font style="display: inline;font-size:10pt;"> &nbsp; &nbsp;</font><font style="display: inline;font-size:10pt;">A copy of the press release is attached to this report as Exhibit&nbsp;99.1. In accordance with General Instruction B.2 of Form&nbsp;8-K, the information set forth herein and in the press release is deemed to be &#x201C;furnished&#x201D; and shall not be deemed to be &#x201C;filed&#x201D; for purposes of the Securities Exchange Act of 1934, as amended and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.&nbsp;&nbsp;The information set forth in Item 7.01 of this report shall not be deemed an admission as to the materiality of any information in this report on Form&nbsp;8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item </font><font style="display: inline;font-weight:bold;font-size:10pt;">9.01&nbsp;&nbsp;Exhibits</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">99.1</font><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;">Press Release </font><font style="display: inline;font-size:10pt;">dated May</font><font style="display: inline;font-size:10pt;"> 11, 2015</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:5pt 0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;">4</font></p>
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						&nbsp;</p>
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						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="top" style="width:50.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">VISTA GOLD CORP.</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-size:10pt;">(Registrant) </font></p>
				</td>
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Dated:&nbsp;May 14, 2015</font></p>
				</td>
				<td valign="top" style="width:50.00%;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">By: </font><font style="display: inline;font-size:10pt;text-decoration:underline;"> /s/John F. Engele</font></p>
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">John F. Engele</font></p>
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Chief Financial Officer</font></p>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>vgz-20150514ex9914561b2.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!--HTML document created with Certent Powered by Crossfire 5.11.109.0-->
<!--Created on: 5/14/2015 1:53:15 PM-->
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		<title>
			Q1 2015 results PR (rev2) Final
		</title>
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	<body><div style="margin-left:50pt;margin-right:54pt;"><div style="width:100%">

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		<p style="margin:0pt;text-align:right;line-height:115%;font-family:Calibri;font-size: 11pt">
			<a name="_GoBack"></a><font style="display: inline;"> &nbsp; &nbsp;</font><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-20150514ex9914561b2g001.jpg" style="width: 1.572917in; height: 1.010417in" alt="g115341mmi001.jpg"></font></p>
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				<td rowspan="2" valign="bottom" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:148.50pt;height:24.05pt;padding:0pt 6.5pt">
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">7961 Shaffer Parkway </font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Suite 5</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Littleton, CO&nbsp;&nbsp;80127</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Phone:&nbsp;&nbsp;720-981-1185</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Fax:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720-981-1186</font></p>
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						<font style="display: inline;font-size:10pt;">Trading Symbol:&nbsp; </font><font style="display: inline;font-weight:bold;font-size:10pt;">VGZ </font></p>
					<p style="margin:0pt;line-height:115%;font-family:Calibri;font-size: 10pt">
						<font style="display: inline;font-weight:bold;font-size:10pt;">Toronto and NYSE MKT Stock Exchanges</font></p>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">__________________</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;"> NEWS _______________</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">__</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">&nbsp;</font>
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			<font style="display: inline;font-family:Cambria;font-size:12pt;">&nbsp;</font>
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		<p style="margin:0pt 0pt 6pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Vista Gold Corp. Announces </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">First Quarter 2015</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;"> Results and Provides Update on Recent Activities</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;font-weight:bold;">Denver, Colorado, </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">May </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">11</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</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;"> - </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 its </font><font style="display: inline;font-family:Times New Roman;color:#000000;">un</font><font style="display: inline;font-family:Times New Roman;color:#000000;">audited financial results and highlights for the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">first quarter</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> ended </font><font style="display: inline;font-family:Times New Roman;color:#000000;">March 31, 2015</font><font style="display: inline;font-family:Times New Roman;color:#000000;">. Management's quarterly conference call to discuss these results is scheduled for </font><font style="display: inline;font-family:Times New Roman;color:#000000;">2:30</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;">p</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">m. M</font><font style="display: inline;font-family:Times New Roman;color:#000000;">D</font><font style="display: inline;font-family:Times New Roman;color:#000000;">T on </font><font style="display: inline;font-family:Times New Roman;color:#000000;">May </font><font style="display: inline;font-family:Times New Roman;color:#000000;">12,</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> 201</font><font style="display: inline;font-family:Times New Roman;color:#000000;">5</font><font style="display: inline;font-family:Times New Roman;color:#000000;">. The Company&#x2019;s </font><font style="display: inline;font-family:Times New Roman;color:#000000;">un</font><font style="display: inline;font-family:Times New Roman;color:#000000;">audited financial statements, Management's Discussion and Analysis together with other important disclosures can be found in the Company's </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Quarterly Report on Form 10-Q</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, filed with the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities.</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
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		<p style="margin:5pt 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;color:#000000;">Summary of </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">First Quarter 2015</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;"> Financial Results</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:5pt 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;color:#000000;">We reported a net loss of $</font><font style="display: inline;font-family:Times New Roman;color:#000000;">0.9</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> million or $0.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">01</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> per share for the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">three months</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> ended </font><font style="display: inline;font-family:Times New Roman;color:#000000;">March 31, 2015.&nbsp;&nbsp;This includes </font><font style="display: inline;font-family:Times New Roman;color:#000000;">an unrealized $</font><font style="display: inline;font-family:Times New Roman;color:#000000;">0.4</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> million mark-to-market </font><font style="display: inline;font-family:Times New Roman;color:#000000;">loss </font><font style="display: inline;font-family:Times New Roman;color:#000000;">on our investment in Midas</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> Gold Corp. (&#x201C;Midas</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">) and a realized loss of $0.3 on the sale of 8 million </font><font style="display: inline;font-family:Times New Roman;color:#000000;">shares in the capital </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of Midas. We also</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">realized </font><font style="display: inline;font-family:Times New Roman;color:#000000;">a &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">gain of</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> approximately</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">$</font><font style="display: inline;font-family:Times New Roman;color:#000000;">2.0</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> million on </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;">completion of the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">sale of 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;">. &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">During the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">three months ended March 31, 2014</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, we reported </font><font style="display: inline;font-family:Times New Roman;color:#000000;">a &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">net </font><font style="display: inline;font-family:Times New Roman;color:#000000;">loss</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> of $</font><font style="display: inline;font-family:Times New Roman;color:#000000;">1.1</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> million, or $0.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">01</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> per share</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> inclusive of an </font><font style="display: inline;font-family:Times New Roman;color:#000000;">unrealized $</font><font style="display: inline;font-family:Times New Roman;color:#000000;">2.1</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> million mark-to-market </font><font style="display: inline;font-family:Times New Roman;color:#000000;">gain </font><font style="display: inline;font-family:Times New Roman;color:#000000;">on our investment in Midas</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;">&nbsp;</font>
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		<p style="margin:5pt 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;color:#000000;">During the period, e</font><font style="display: inline;font-family:Times New Roman;color:#000000;">xpenditure</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s</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;">for exploration and property holding costs, principally at our Mt Todd</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> gold project</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, were down approximately </font><font style="display: inline;font-family:Times New Roman;color:#000000;">31</font><font style="display: inline;font-family:Times New Roman;color:#000000;">% from </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the same period in </font><font style="display: inline;font-family:Times New Roman;color:#000000;">201</font><font style="display: inline;font-family:Times New Roman;color:#000000;">4</font><font style="display: inline;font-family:Times New Roman;color:#000000;">. A significant portion of this reduction results from </font><font style="display: inline;font-family:Times New Roman;color:#000000;">a weaker Australian dollar</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> in 2015</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.&nbsp;&nbsp;In addition, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the Government of the Northern Territory shared the cost of treating and discharging water from the Batman pit</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> during the period</font><font style="display: inline;font-family:Times New Roman;color:#000000;">; there was no similar program in 2014</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;">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;">corporate</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> level, </font><font style="display: inline;font-family:Times New Roman;color:#000000;">costs were</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;">down approximately</font><font style="display: inline;font-family:Times New Roman;color:#000000;">18% in 2015</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;">from 2014</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> levels</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;">2014 </font><font style="display: inline;font-family:Times New Roman;color:#000000;">costs included </font><font style="display: inline;font-family:Times New Roman;color:#000000;">severance costs which resulted from the 2013 retrenchment</font><font style="display: inline;font-family:Times New Roman;color:#000000;">;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> there were no similar programs in 2015</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;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> &nbsp; &nbsp;</font>
		</p>
		<p style="margin:5pt 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;color:#000000;">Our working capital at </font><font style="display: inline;font-family:Times New Roman;color:#000000;">March 31, 2015</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> totaled approximately $</font><font style="display: inline;font-family:Times New Roman;color:#000000;">10.8</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> million, including cash of approximately $</font><font style="display: inline;font-family:Times New Roman;color:#000000;">8</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.7</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> million. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">The Company has no debt</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; &nbsp;</font>
		</p>
		<p style="margin:6pt 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;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;">With the funding obtained from non-dilutive sources in the first quarter of the year, we now have a much stronger balance sheet and are better able to sustain our planned activities.&nbsp;&nbsp;At Mt Todd, t</font><font style="display: inline;font-family:Times New Roman;color:#000000;">he wet season has ended and the site received 25% less rain than normal.&nbsp;&nbsp;As a result pond levels are much lower than normal.&nbsp;&nbsp;With the pumping and automated control system installed in the Batman pit we were able to discharge 1.4 million cubic meters of treated water from the pit</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> We wish to acknowledge the important role that the Government of the Northern Territory has played in this effort, and we are pleased with the positive working relationship we enjoy with them. </font><font style="display: inline;font-family:Times New Roman;color:#000000;">W</font><font style="display: inline;font-family:Times New Roman;color:#000000;">e &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">have begun </font><font style="display: inline;font-family:Times New Roman;color:#000000;">the field investigation work necessary to prepare the request for the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">authorization required</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">under the Environmental Protection and Biodiversity Conservation Act 1999 ("EPBC Act") &nbsp;from the federal government (as it relates to the Gouldian Finch). We anticipate that this authorization will be granted by the fourth quarter of this year. </font><font style="display: inline;font-family:Times New Roman;">In the meanwhile, we continue to work on the general sections</font><font style="display: inline;font-family:Times New Roman;"> of the </font><font style="display: inline;font-family:Times New Roman;">mine operating permit (known as the Mine Management Plan or "MMP").&nbsp; </font><font style="display: inline;font-family:Times New Roman;">We are focused on</font><font style="display: inline;font-family:Times New Roman;"> opportunities </font><font style="display: inline;font-family:Times New Roman;">to advance </font><font style="display: inline;font-family:Times New Roman;">the Mt Todd gold project</font><font style="display: inline;font-family:Times New Roman;"> beyond those improvements already caused by favorable changes in the US$/AUD exchange rate. We</font><font style="display: inline;font-family:Times New Roman;"> continue to </font><font style="display: inline;font-family:Times New Roman;">work to have </font><font style="display: inline;font-family:Times New Roman;">the Mt Todd gold project </font><font style="display: inline;font-family:Times New Roman;">ready for development</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">as economic conditions permit.</font><font style="display: inline;font-family:Times New Roman;">&#x201D; &nbsp;</font>
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		<p style="margin:5pt 0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 11pt">

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

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</div>
		<p style="margin:5pt 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;color:#000000;">To review the Company's </font><font style="display: inline;font-family:Times New Roman;color:#000000;">Quarterly Report on Form 10-Q</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> for the </font><font style="display: inline;font-family:Times New Roman;color:#000000;">three months</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> ended </font><font style="display: inline;font-family:Times New Roman;color:#000000;">March 31, 2015</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, including the related Management's Discussion and Analysis, visit any of the following websites: </font><font style="display: inline;font-family:Times New Roman;color:#0033CC;text-decoration:underline;">www.sedar.com</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, &nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#0033CC;text-decoration:underline;">www.sec.gov</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> or </font><font style="display: inline;font-family:Times New Roman;color:#0033CC;text-decoration:underline;">www.vistagold.com</font><font style="display: inline;font-family:Times New Roman;color:#000000;">.</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;">Management Conference Call</font>
		</p>
		<p style="margin:0pt 0pt 10pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">A conference call with management to review our financial results for the </font><font style="display: inline;font-family:Times New Roman;">three months</font><font style="display: inline;font-family:Times New Roman;"> ended </font><font style="display: inline;font-family:Times New Roman;">March 31, 2015</font><font style="display: inline;font-family:Times New Roman;"> and to discuss corporate and project activities is scheduled for </font><font style="display: inline;font-family:Times New Roman;">Tuesday</font><font style="display: inline;font-family:Times New Roman;">, &nbsp;</font><font style="display: inline;font-family:Times New Roman;">May </font><font style="display: inline;font-family:Times New Roman;">12</font><font style="display: inline;font-family:Times New Roman;">, 2015 </font><font style="display: inline;font-family:Times New Roman;">at </font><font style="display: inline;font-family:Times New Roman;">2:30</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">p</font><font style="display: inline;font-family:Times New Roman;">.m. M</font><font style="display: inline;font-family:Times New Roman;">D</font><font style="display: inline;font-family:Times New Roman;">T.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">Toll-free in North America: </font><font style="display: inline;font-family:Times New Roman;">1-866-233-5249</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 6pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">International</font><font style="display: inline;font-family:Times New Roman;">:&nbsp;&nbsp;416-642-3300</font>
		</p>
		<p style="margin:0pt 0pt 6pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">This call will also be web-cast and can be accessed at the following web location:</font>
		</p>
		<p style="margin:0pt 0pt 6pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">http://event.on24.com/r.htm?e=995235&amp;s=1&amp;k=6EEA209AD03BA545DFD00D23C996FA1D</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">This call will be archived and available at </font><font style="display: inline;font-family:Times New Roman;color:#0033CC;">www.vistagold.com</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">after </font><font style="display: inline;font-family:Times New Roman;">May </font><font style="display: inline;font-family:Times New Roman;">12</font><font style="display: inline;font-family:Times New Roman;">, 2015.&nbsp;&nbsp;Audio replay will be available for 21 days by calling toll-free in North America:&nbsp;&nbsp;1-866-245-6755, passcode </font><font style="display: inline;font-family:Times New Roman;">679087</font><font style="display: inline;font-family:Times New Roman;">.</font>
		</p>
		<p style="margin:0pt 0pt 10pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">If you are unable to access the audio or phone-in on the day of the conference call, please email questions to Connie Martinez, Manager &#x2013; Investor Relations (email: </font><font style="display: inline;font-family:Times New Roman;color:#0033CC;">connie@vistagold.com</font><font style="display: inline;font-family:Times New Roman;">), and we will try to address these questions prior to or during the conference call.</font>
		</p>
		<p style="margin:0pt 0pt 10pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">All dollar amounts in the press release are U.S. dollars</font><font style="display: inline;font-family:Times New Roman;">.</font>
		</p>
		<p style="margin:0pt 0pt 10pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">About Vista Gold Corp.</font>
		</p>
		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;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; </font><font style="display: inline;font-family:Times New Roman;">We</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">also </font><font style="display: inline;font-family:Times New Roman;">hold approximately </font><font style="display: inline;font-family:Times New Roman;">5.5</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 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>
		</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;">Forward Looking Statements</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman;font-size: 9pt">
			<font style="display: inline;font-size:9pt;">This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws.&nbsp;&nbsp;All statements, other than statements of historical facts, included in this press release that address activities, events or developments that </font><a name="_DV_C81"></a><font style="color:#0000FF;display: inline;color:#000000;font-size:9pt;text-decoration:none;">we expect</font><font style="display: inline;font-size:9pt;"> or anticipate will or may occur in the future, including such things as</font><font style="display: inline;font-size:9pt;"> our ability to sustain our planned activities, </font><a name="_DV_C89"></a><font style="display: inline;font-size:9pt;">the timing and potential approval under the EPBC Act, timing and approval of the MMP, the economic impact of Mt Todd optimization efforts, the timeline for improved </font><font style="display: inline;font-size:9pt;">economic conditions </font><font style="display: inline;font-size:9pt;">and our attempt to develop the Mt Todd </font><font style="display: inline;font-size:9pt;">gold </font><font style="display: inline;font-size:9pt;">project are forward-looking statements and forward-looking information</font><font style="display: inline;font-size:9pt;">; &nbsp;</font><font style="display: inline;font-size:9pt;">and other</font><font style="display: inline;font-size:9pt;"> such matters are forward-looking statements and forward-looking information.&nbsp;&nbsp;The material factors and assumptions used to develop the forward-looking statements and forward-looking information contained in this press release include the following: our approved business plans, exploration and assay results, mineral resource and reserve estimates and results of preliminary economic assessments,</font><font style="display: inline;font-size:9pt;"> 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; 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;">3</font><font style="display: inline;font-size:9pt;">, 201</font><font style="display: inline;font-size:9pt;">5</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>
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