<SEC-DOCUMENT>0000783324-15-000047.txt : 20150818
<SEC-HEADER>0000783324-15-000047.hdr.sgml : 20150818
<ACCEPTANCE-DATETIME>20150804133143
ACCESSION NUMBER:		0000783324-15-000047
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150804
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150804
DATE AS OF CHANGE:		20150804

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:		151024822

	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-20150804x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			Q2 15 080415
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			<a name="A001"></a><a name="_GoBack"></a><font style="display: inline;font-weight:bold;font-size:10pt;">UNITED STATES</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;">SECURITIES AND EXCHANGE COMMISSION</font><br /><font style="display: inline;font-weight:bold;font-size:10pt;">WASHINGTON, D.C. 20549</font><font style="display: inline;font-size:10pt;">&nbsp;</font>
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			<font style="display: inline;">_________________ </font>
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			<a name="A003"></a><font style="display: inline;font-weight:bold;">FORM 8-K</font><font style="display: inline;">&nbsp;</font>
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			<a name="A004"></a><font style="display: inline;font-weight:bold;">CURRENT REPORT</font><font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">Pursuant to Section 13 or 15(d) of the </font><br /><font style="display: inline;font-size:10pt;">Securities Exchange Act of 1934 </font>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Date of Report: </font><font style="display: inline;font-weight:bold;font-size:10pt;">August 3</font><font style="display: inline;font-weight:bold;font-size:10pt;">, 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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		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
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			<font style="display: inline;font-weight:bold;font-size:10pt;">Item </font><font style="display: inline;font-weight:bold;font-size:10pt;">2</font><font style="display: inline;font-weight:bold;font-size:10pt;">.0</font><font style="display: inline;font-weight:bold;font-size:10pt;">2</font><font style="display: inline;font-weight:bold;font-size:10pt;"> &nbsp; &nbsp;</font><font style="display: inline;font-weight:bold;font-size:10pt;">Results of Operation and Financial Condition</font>
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			<font style="display: inline;font-size:10pt;">On </font><font style="display: inline;font-size:10pt;">August 3</font><font style="display: inline;font-size:10pt;">, 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;">second</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">quarter ended </font><font style="display: inline;font-size:10pt;">June 30</font><font style="display: inline;font-size:10pt;">, 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 </font><font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;">Second</font><font style="display: inline;font-weight:bold;color:#000000;font-size:10pt;"> Quarter 2015 Financial Results </font>
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			<font style="display: inline;color:#000000;font-size:10pt;">We reported net income of $3.6 million or $0.04 per share for the three months ended June 30, 2015.&nbsp;&nbsp;This includes a $5.9 million</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">payment received from the Australian Government under a research and development incentive program (&#x201C;R&amp;D Tax Incentive&#x201D;) for costs incurred in the 2012 fiscal year; and an unrealized $0.3 million mark-to-market loss on our investment in Midas Gold Corp. (&#x201C;Midas&#x201D;). During the three months ended June 30, 2014, we reported a net loss of $2.9 million, or $0.04 per share inclusive of an unrealized $0.6 million mark-to-market loss on our investment in Midas. During the period, total operating expenses of $2.0 million were 15% lower than total operating expenses for the same period in 2014.&nbsp; </font>
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		<p style="margin:5pt 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;">Our working capital at June 30, 2015 totaled approximately $14.9 million, including cash and short-term investments (comprised of U.S. Treasury Bills) of approximately $12.6 million. The Company has no debt.&nbsp; </font>
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		<p style="margin:5pt 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;">As disclosed in our July 27, 2015 press release, subsequent to the period end, we </font><font style="display: inline;font-size:10pt;">received an additional approximately </font><font style="display: inline;font-size:10pt;">$4.3 million</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">R&amp;D</font><font style="display: inline;font-size:10pt;"> Tax Incentive refund, net of costs. This refund is related to qualifying costs we incurred in the 2013 fiscal year.&nbsp;After giving effect to this refund, our June 30, 2015 pro forma cash and short-term investments would increase to $16.9 million. </font>
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		<p style="margin:6pt 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;">Frederick H. Earnest, President and Chief Executive Off</font><font style="display: inline;color:#000000;font-size:10pt;">icer, commented, &#x201C;</font><font style="display: inline;font-size:10pt;">We were pleased with the addition of approximately $10.2 million of cash to our treasury from the R&amp;D Tax Incentive Program. Based on our current plan of operations, we believe that we are now funded into 2018; and we still have opportunities to access additional financing from non-dilutive sources such as the sale of our used mill equipment and monetization of other non-core assets. We believe we have addressed our liquidity needs and positioned the Company to continue to evaluate and execute programs that could better position the Mt Todd gold project for fast-track development when economic conditions permit. With our improved treasury position and strong management team we believe we are in a position to judiciously evaluate and pursue other near-term value creating opportunities.&#x201D;&nbsp; </font>
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		<p style="margin:5pt 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;">To review the Company&#x2019;s Quarterly Report on Form 10-Q for the three months ended June 30, 2015, including the related Management&#x2019;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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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Management Conference Call</font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">A conference call with management to review our financial results for the three months ended June 30, 2015 and to discuss corporate and project activities is scheduled for Tuesday, August 4, 2015 at 2:30 p.m. MDT.</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">Toll-free in North America: 1-866-233-5249 </font>
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		<p style="margin:0pt 0pt 6pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">International:&nbsp; </font><font style="display: inline;font-size:10pt;"> &nbsp; &nbsp;</font><font style="display: inline;font-size:10pt;">416-642-3300</font>
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		<p style="margin:0pt 0pt 6pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">This call will also be web-cast and can be accessed at the following web location:</font>
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		<p style="margin:0pt 0pt 6pt;text-align:justify;text-justify:inter-ideograph;color:#0033CC;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#0033CC;font-size:10pt;">&nbsp;</font><font style="display: inline;color:#0033CC;font-size:10pt;">http://event.on24.com/r.htm?e=1031014&amp;s=1&amp;k=C49292DF4D15D44C690CD34AED4933CB</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;">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 August 4, 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 582544.</font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">All dollar amounts in the </font><font style="display: inline;font-size:10pt;">report</font><font style="display: inline;font-size:10pt;"> are U.S. dollars.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 9pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

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

			&nbsp;

		</p>

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

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 9pt"><font style="display: inline;font-size:9pt;">This report 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 </font><font style="display: inline;font-size:9pt;">report</font><font style="display: inline;font-size:9pt;"> 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 our belief that we are funded into 2018, </font><a name="_DV_C89"></a><font style="display: inline;font-size:9pt;">our ability to access additional non-dilutive financing, our ability to evaluate and execute programs that could better position the Mt Todd gold project for fast-track development, the timeline for improved economic conditions for the development of the Mt Todd gold project and our position to judiciously evaluate and pursue other near-term value creating opportunities are forward-looking statements and forward-looking information; </font><font style="display: inline;font-size:9pt;">and other such matters are forward-looking statements and forward-looking information.&nbsp;&nbsp;The material factors and assumptions used to develop the forward-looking statements and forward-looking information contained in this </font><font style="display: inline;font-size:9pt;">report</font><font style="display: inline;font-size:9pt;"> include the following: our approved business plans, exploration and assay results, mineral resource and reserve estimates and results of preliminary economic assessments, pre-feasibility studies and feasibility studies on our projects, if any.&nbsp;&nbsp;When used in this </font><font style="display: inline;font-size:9pt;">report</font><font style="display: inline;font-size:9pt;">, 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 3, 2015 </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>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&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;">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;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&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;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On </font><font style="display: inline;font-size:10pt;">August 3</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;">second</font><font style="display: inline;font-size:10pt;"> quarter ended </font><font style="display: inline;font-size:10pt;">June 30</font><font style="display: inline;font-size:10pt;">, 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;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&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;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&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 </font><font style="display: inline;font-size:10pt;">August 3</font><font style="display: inline;font-size:10pt;">, 2015</font><font style="display: inline;font-size:10pt;">*</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&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:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><div style="width:100%">

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

			&nbsp;

		</p>

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

			&nbsp;

		</p>

</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;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;">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: 12pt">
			<font style="display: inline;">&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: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
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					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size: 12pt">
						<font style="display: inline;">Ugust </font></p>
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				<td valign="top" style="width:50.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
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					<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;font-family:Times New Roman;font-size: 12pt">
						<font style="display: inline;">&nbsp;</font></p>
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Dated:&nbsp;August 4, 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>
				</td>
			</tr>
		</table></div>
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			<font style="display: inline;">&nbsp;</font>
		</p>
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			&nbsp;

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>vgz-20150804ex9911016e1.htm
<DESCRIPTION>EX-99.1
<TEXT>
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<html>
	<head>
		<title>
			VAN01-#3995159-v1-VGZ_Q2_2015_results_(BLG_Comments)
		</title>
	</head>
	<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>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:522.90pt;font-family:Times New Roman;margin-left:0pt;">
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				<td rowspan="2" valign="top" style="border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;width:126.90pt;height:24.05pt;padding:0pt 6.5pt">
					<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-20150804ex9911016e1g001.jpg" style="width: 1.572917in; height: 1.010417in" alt="g115341mmi001.jpg"></font></p>
				</td>
				<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>
				</td>
			</tr>
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				<td valign="bottom" style="border-right:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:247.50pt;height:37.85pt;padding:0pt 6.5pt">
					<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>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">Toronto and NYSE MKT Stock Exchanges</font></p>
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			<font style="display: inline;font-family:Times New Roman;"> &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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			<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:Times New Roman;font-weight:bold;font-size:12pt;">Vista Gold Corp. Announces </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Second </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Quarter 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>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">Denver, Colorado, </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;">August 3</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;">second</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> 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;">June 30</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;">. Management</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">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;">August 4</font><font style="display: inline;font-family:Times New Roman;color:#000000;">,</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</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s Discussion and Analysis together with other important disclosures can be found in the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s &nbsp;</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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			<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;">Second </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;color:#000000;">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>
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			<font style="display: inline;font-family:Times New Roman;color:#000000;">We reported net </font><font style="display: inline;font-family:Times New Roman;color:#000000;">income </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;">3.</font><font style="display: inline;font-family:Times New Roman;color:#000000;">6</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;">0</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;"> 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;">June 30</font><font style="display: inline;font-family:Times New Roman;color:#000000;">, 2015.&nbsp;&nbsp;This includes </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;">$5.9 million</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">payment received from the Australian Government under a research and development incentive program</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;">(&#x201C;R&amp;D Tax Incentive</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;">) for costs incurred in </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;">2012</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> fiscal year</font><font style="display: inline;font-family:Times New Roman;color:#000000;">; and 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;">0.</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;"> 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;">)</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 </font><font style="display: inline;font-family:Times New Roman;color:#000000;">June 30</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;">, 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;">2.9</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;">0</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;"> 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;">0.6</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;">&nbsp;</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;">During the period, total operating expenses of $2.0 million were 15% lower than total operating expenses for the same period in 2014.&nbsp; </font>
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			<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;">June 30,</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;"> totaled approximately $</font><font style="display: inline;font-family:Times New Roman;color:#000000;">1</font><font style="display: inline;font-family:Times New Roman;color:#000000;">4.9</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> million, including cash </font><font style="display: inline;font-family:Times New Roman;color:#000000;">and short</font><font style="display: inline;font-family:Times New Roman;color:#000000;">-</font><font style="display: inline;font-family:Times New Roman;color:#000000;">term investments (comprised of U.S. Treasury Bills) </font><font style="display: inline;font-family:Times New Roman;color:#000000;">of approximately $</font><font style="display: inline;font-family:Times New Roman;color:#000000;">12.6</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>
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			<font style="display: inline;font-family:Times New Roman;color:#000000;">As disclosed in ou</font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;"> July 27</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;">&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;">ress </font><font style="display: inline;font-family:Times New Roman;color:#000000;">r</font><font style="display: inline;font-family:Times New Roman;color:#000000;">elease, subsequent to the period </font><font style="display: inline;font-family:Times New Roman;color:#000000;">end, we </font><font style="display: inline;font-family:Times New Roman;">received an additional </font><font style="display: inline;font-family:Times New Roman;">approximately </font><font style="display: inline;font-family:Times New Roman;">$4.3 million</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">R&amp;D</font><font style="display: inline;font-family:Times New Roman;"> Tax Incentive refund, net of costs. This refund is related to </font><font style="display: inline;font-family:Times New Roman;">qualifying costs </font><font style="display: inline;font-family:Times New Roman;">we incurred in the 2013 fiscal year.&nbsp;</font><font style="display: inline;font-family:Times New Roman;">After giving effect to this refund, our June 30, 2015 pro forma cash and short</font><font style="display: inline;font-family:Times New Roman;">-</font><font style="display: inline;font-family:Times New Roman;">term investments would increase to $16.9 million. </font>
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			<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;">We were pleased with the addition of approximately $</font><font style="display: inline;font-family:Times New Roman;">10.2 </font><font style="display: inline;font-family:Times New Roman;">million of cash to our treasury </font><font style="display: inline;font-family:Times New Roman;">from </font><font style="display: inline;font-family:Times New Roman;">the R&amp;D Tax Incentive Program</font><font style="display: inline;font-family:Times New Roman;">. &nbsp;</font><font style="display: inline;font-family:Times New Roman;">B</font><font style="display: inline;font-family:Times New Roman;">ased on our current plan of operations, </font><font style="display: inline;font-family:Times New Roman;">we believe </font><font style="display: inline;font-family:Times New Roman;">that we are </font><font style="display: inline;font-family:Times New Roman;">now </font><font style="display: inline;font-family:Times New Roman;">funded into 2018</font><font style="display: inline;font-family:Times New Roman;">; and we still have opportunities to access additional financing from non-dilutive sources such as</font><font style="display: inline;font-family:Times New Roman;"> the</font><font style="display: inline;font-family:Times New Roman;"> sale of our used mill equipment and monetization of other non-core assets</font><font style="display: inline;">. &nbsp;</font><font style="display: inline;font-family:Times New Roman;">We believe we have </font><font style="display: inline;font-family:Times New Roman;">addressed our liquidity needs and </font><font style="display: inline;font-family:Times New Roman;">positioned the Company to continue to </font><font style="display: inline;font-family:Times New Roman;">evaluate and execute programs that could better position the Mt Todd gold project for fast-track development when economic conditions permit</font><font style="display: inline;font-family:Times New Roman;">. With our improved treasury position and strong management team we </font><font style="display: inline;font-family:Times New Roman;">believe we </font><font style="display: inline;font-family:Times New Roman;">are in a position</font><font style="display: inline;font-family:Times New Roman;"> to judiciously evaluate and pursue other near-term value creating opportunities</font><font style="display: inline;font-family:Times New Roman;">.</font><font style="display: inline;font-family:Times New Roman;">&#x201D;</font><font style="display: inline;font-family:Times New Roman;"> &nbsp; &nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;color:#000000;">To review the Company</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">s &nbsp;</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;">June 30</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;">, including the related Management</font><font style="display: inline;font-family:Times New Roman;color:#000000;">&#x2019;</font><font style="display: inline;font-family:Times New Roman;color:#000000;">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>
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			<font style="display: inline;">&nbsp;</font>
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		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">Management Conference Call</font>
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			<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;">June 30</font><font style="display: inline;font-family:Times New Roman;">, 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;">August 4</font><font style="display: inline;font-family:Times New Roman;">, 2015 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.</font><font style="display: inline;font-family:Times New Roman;"> &nbsp;M</font><font style="display: inline;font-family:Times New Roman;">D</font><font style="display: inline;font-family:Times New Roman;">T.</font>
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			<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>
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			<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>
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			<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>
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			<font style="display: inline;font-family:Times New Roman;color:#1F497D;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">http://event.on24.com/r.htm?e=1031014&amp;s=1&amp;k=C49292DF4D15D44C690CD34AED4933CB</font>
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		<p style="margin:0pt 0pt 10pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;">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;">August 4</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, </font><font style="display: inline;font-family:Times New Roman;">passcode </font><font style="display: inline;font-family:Times New Roman;">582544</font><font style="display: inline;font-family:Times New Roman;">.</font>
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			<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>
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			<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>
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			<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 is a well-funded gold project developer.</font><font style="display: inline;font-family:Times New Roman;"> Our </font><font style="display: inline;font-family:Times New Roman;">principal asset </font><font style="display: inline;font-family:Times New Roman;">is</font><font style="display: inline;font-family:Times New Roman;">&nbsp;</font><font style="display: inline;font-family:Times New Roman;">our </font><font style="display: inline;font-family:Times New Roman;">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;">4.9</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. </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;">&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 </font><font style="display: inline;font-size:9pt;">belief that we are </font><font style="display: inline;font-size:9pt;">funded into 201</font><font style="display: inline;font-size:9pt;">8</font><font style="display: inline;font-size:9pt;">, &nbsp;</font><a name="_DV_C89"></a><font style="display: inline;font-size:9pt;">our ability to access additional non-dilutive </font><font style="display: inline;font-size:9pt;">financing</font><font style="display: inline;font-size:9pt;">, &nbsp;</font><font style="display: inline;font-size:9pt;">our ability to evaluate and execute programs that could better position the Mt Todd gold project for fast-track development</font><font style="display: inline;font-size:9pt;">, the timeline for improved </font><font style="display: inline;font-size:9pt;">economic conditions </font><font style="display: inline;font-size:9pt;">for the </font><font style="display: inline;font-size:9pt;">develop</font><font style="display: inline;font-size:9pt;">ment of</font><font style="display: inline;font-size:9pt;"> the Mt Todd </font><font style="display: inline;font-size:9pt;">gold </font><font style="display: inline;font-size:9pt;">project</font><font style="display: inline;font-size:9pt;"> and our position to judiciously evaluate and pursue other near-term value creating opportunities</font><font style="display: inline;font-size:9pt;"> are</font><font style="display: inline;font-size:9pt;"> 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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