<SEC-DOCUMENT>0000783324-16-000058.txt : 20160303
<SEC-HEADER>0000783324-16-000058.hdr.sgml : 20160303
<ACCEPTANCE-DATETIME>20160303135746
ACCESSION NUMBER:		0000783324-16-000058
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160303
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160303
DATE AS OF CHANGE:		20160303

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:		161480469

	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-20160303x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			Q4 15 030316
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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;">February 29, 2016</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-family:Times New Roman Bold;font-weight:bold;text-transform:uppercase;font-size:10pt;">7961 Shaffer parkway, suite 5, littleton, colorado 80127</font>
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			<font style="display:inline;font-size:10pt;">(Address of Principal Executive Offices and Zip Code)</font>
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			<font style="display:inline;font-size:10pt;">Registrant&#x2019;s telephone number, including area code:&nbsp;&nbsp; </font><font style="display:inline;font-weight:bold;font-size:10pt;">(720) 981-1185</font>
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			<a name="A011"></a><font style="display:inline;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </font>
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						<font style="display:inline;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
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						<font style="display:inline;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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						<font style="display:inline;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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						<font style="display:inline;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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			<font style="display:inline;"></font><a name="A012"></a><font style="display:inline;font-weight:bold;font-size:10pt;">Item 2.02&nbsp;&nbsp;Results of Operation and Financial Condition</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,Times,serif;font-size: 12pt;">
			<font style="display:inline;color:#000000;font-size:10pt;">On </font><font style="display:inline;color:#000000;font-size:10pt;">February 29, 2016</font><font style="display:inline;color:#000000;">, &nbsp;</font><font style="display:inline;font-size:10pt;">the registrant </font><font style="display:inline;font-size:10pt;">provided an overview of the Company&#x2019;s recent&nbsp;&nbsp;operating highlights and selected </font><font style="display:inline;font-size:10pt;">financial results </font><font style="display:inline;font-size:10pt;">for the year ended December 31, 201</font><font style="display:inline;font-size:10pt;">5 and provided an update on the Guadalupe de los Reyes gold and silver project</font><font style="display:inline;font-size:10pt;">.&nbsp;&nbsp;The Company&#x2019;s full financial results can be found in the Company&#x2019;s Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission (the &#x201C;SEC&#x201D;) and the Canadian securities regulatory authorities on </font><font style="display:inline;font-size:10pt;">February 26, 2016</font><font style="display:inline;font-size:10pt;">. &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,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;">Summary of 2015 Financial Results </font>
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		<p style="margin:5pt 0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;font-size:10pt;">We reported net income of $1.0 million or $0.01 per share for the year ended December 31, 2015. This includes $10.2 million</font><font style="display:inline;font-size:10pt;"> of </font><font style="display:inline;color:#000000;font-size:10pt;">payments received from the Australian Government under a research and development incentive program for qualifying costs incurred in 2012 and 2013; a $1.6 million mark-to-market loss on our investment in Midas Gold Corp.; $7.5 million of operating expenses, net of a $2.0 million gain on the disposal of the Los Cardones gold project; and $0.1 million of other expenses. Cash operating expenditures were substantially unchanged from 2014. </font>
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		<p style="margin:12pt 0pt 5pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;font-size:10pt;">Our working capital as at December 31, 2015 totaled approximately $14.4 million, including cash and short-term investments (comprised of government securities) of approximately $12.9 million. The Company has no debt.&nbsp; </font>
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		<p style="margin:6pt 0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;font-size:10pt;">Frederick H. Earnest, Vista&#x2019;s President and CEO</font><font style="display:inline;color:#000000;font-size:10pt;">, commented, &#x201C;2015 was a pivotal year in the financial position of the Company. The cash received from the sale of some of our non-core assets, together with the receipt of $10.2 million dollars </font><font style="display:inline;font-size:10pt;">under the Australian Government's R&amp;D Tax Incentive Program</font><font style="display:inline;color:#000000;font-size:10pt;"> have financed the Company without shareholder dilution, and provided a treasury that we believe will fund the Company into 2018.&nbsp; </font>
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		<p style="margin:6pt 0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;font-size:10pt;">W</font><font style="display:inline;font-size:10pt;">e plan to continue our core focus on Mt Todd permitting and technical/economic studies. We recently retained a team of experts to review key areas of the project; concentrating on metallurgical recovery, process engineering and plant design, pit slope rock mechanics, mine plans and scheduling, and the gas-fired power plant. We hope that this review will identify opportunities to improve project economics and may move the project closer to development.&#x201D;</font>
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			<font style="display:inline;font-size:10pt;"> &nbsp;&nbsp; </font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;font-size:10pt;">Guadalupe de los Reyes Update&nbsp;&nbsp; </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">On February 25, 2016, Vista received notification from Great Panther Silver Limited (&#x201C;Great Panther&#x201D;) that it is terminating its option agreement on Vista&#x2019;s non-core Guadalupe de los Reyes gold and silver project (the &#x201C;Guadalupe project&#x201D;) in Sinaloa, Mexico; and that the $1.5 million option payment due in February 2016 would not be made.&nbsp;&nbsp;Pursuant to the terms of the option agreement, Vista and Great Panther are now working together to transition 100% of the Guadalupe project back to Vista&#x2019;s control.</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;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,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">Frederick H. Earnest, added, &#x201C;The Guadalupe project is a non-core project for Vista.&nbsp;&nbsp;The work that Great Panther and its subsidiary (Coboro Minerales de Mexico, S.A. de C.V) completed over the last two years has confirmed previous work and provided additional information about the low-sulfidation epithermal veins systems in the district. We continue to believe that the Guadalupe project has good prospects for future development based on the identified and prospective mineral resources. At the appropriate time we intend to seek a new partner who can advance the project to a development decision.&#x201D;</font>
		</p>
		<p style="margin:5pt 0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#000000;font-size:10pt;">To review the Company's Annual Report on Form 10-K for the year ended December 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;"></font>
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			<font style="display:inline;font-weight:bold;font-size:10pt;"></font></p></div><div style="margin-left:13.2352941176471%;margin-right:14.7058823529412%;">
		<p><font size="1"> </font></p></div><div style="margin-left:13.2352941176471%;margin-right:14.7058823529412%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:13.2352941176471%;margin-right:14.7058823529412%;"></div><div style="margin-left:13.2352941176471%;margin-right:14.7058823529412%;"><p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"><font style="display:inline;font-weight:bold;font-size:10pt;">Management Conference Call</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">A conference call with management to review our financial results for the fiscal year ended December 31, 2015 and to discuss corporate and project activities is scheduled for Wednesday, March 2, 2016 at 2:30 p.m. MST.</font>
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			<font style="display:inline;font-size:10pt;">&nbsp;</font>
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			<font style="display:inline;font-size:10pt;">Toll-free in North America: 1-888-455-2296 </font>
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		<p style="margin:0pt 0pt 6pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">International:&nbsp;&nbsp;719-325-2323</font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">This call will also be web-cast and can be accessed at the following web location:</font>
		</p>
		<p style="margin:0pt 0pt 6pt;text-align:justify;text-justify:inter-ideograph;color:#0070C0;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#0070C0;font-size:10pt;">&nbsp;</font><font style="display:inline;font-family:ProximaNovaRegular;color:#0070C0;font-size:10pt;">http://event.on24.com/r.htm?e=1145423&amp;s=1&amp;k=66EBAA8D858DD45E6AA2CBEC0028F700</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;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 March 2, 2016.&nbsp;&nbsp;Audio replay will be available for 21 days by calling toll-free in North America:&nbsp;&nbsp;1-866-245-6755, passcode 890013.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;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,Times,serif;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:#365F91;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;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;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,Times,serif;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,Times,serif;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,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">This </font><font style="display:inline;font-size:9pt;">report</font><font style="display:inline;font-size:9pt;"> contains forward-looking statements within the meaning of the U.S. Securities Act of 1933, as amended, and </font><font style="display:inline;font-size:9pt;">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><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, the Company being funded into 2018; our plan to continue our focus on Mt Todd; our belief that the recommendations may lead to improved project economics and may move the project closer to development; our plan to seek a partner who can advance the Guadalupe project; our belief that the Guadalupe project has good prospects for future development based on the identified and prospective mineral resources; our believe that the return of the Guadalupe project will have no impact on Mt Todd 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, and pre-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><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201C;</font><font style="display:inline;font-size:9pt;">optimistic,</font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-size:9pt;">potential,</font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-size:9pt;">indicate,</font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-size:9pt;">expect,&#x201D;</font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;"> &nbsp;&#x201C;</font><font style="display:inline;font-size:9pt;">intend,</font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-size:9pt;">hopes,</font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-size:9pt;">believe,</font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-size:9pt;">may,</font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-size:9pt;">will,</font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-size:9pt;">if,</font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-size:9pt;">anticipate,&#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><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">the Company</font><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><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">and reserve </font><font style="display:inline;font-size:9pt;">estimates, uncertainty as to the Company&#x2019;s future operating costs and ability to raise capital; risks relating to cost increases for capital and operating costs; 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><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">our</font><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><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201C;</font><font style="display:inline;font-size:9pt;">Note Regarding Forward-Looking Statements</font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201D;</font><font style="display:inline;font-size:9pt;"> and </font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201C;</font><font style="display:inline;font-size:9pt;">Risk Factors</font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">&#x201D;</font><font style="display:inline;font-size:9pt;"> in </font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">the Company&#x2019;</font><font style="display:inline;font-size:9pt;">s latest Annual Report on Form 10-K as filed on February 26, 2016 and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.&nbsp;&nbsp;Although </font><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">we have</font><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><font style="color:#0000FF;display:inline;color:#000000;font-size:9pt;text-decoration:none;">we assume</font><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;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 9pt;">
			<font style="display:inline;font-size:9pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;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,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;font-size:10pt;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;font-size:10pt;"></font></p></div><div style="margin-left:13.2352941176471%;margin-right:14.7058823529412%;">
		<p><font size="1"> </font></p><div style="width:100%">

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

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			&nbsp;

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</div></div><div style="margin-left:13.2352941176471%;margin-right:14.7058823529412%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:13.2352941176471%;margin-right:14.7058823529412%;"></div><div style="margin-left:13.2352941176471%;margin-right:14.7058823529412%;"><p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;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,Times,serif;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,Times,serif;font-size: 12pt;">
			<font style="display:inline;color:#000000;font-size:10pt;">On </font><font style="display:inline;color:#000000;font-size:10pt;">February 29, 2016</font><font style="display:inline;color:#000000;">, &nbsp;</font><font style="display:inline;font-size:10pt;">the registrant </font><font style="display:inline;font-size:10pt;">provided an overview of the Company&#x2019;s recent&nbsp;&nbsp;operating highlights and selected </font><font style="display:inline;font-size:10pt;">financial results </font><font style="display:inline;font-size:10pt;">for the year ended December 31, 201</font><font style="display:inline;font-size:10pt;">5 and provided an update on the Guadalupe de los Reyes gold and silver project</font><font style="display:inline;font-size:10pt;">.</font><font style="display:inline;font-size:10pt;">&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,Times,serif;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,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;font-size:10pt;">Item 9.01&nbsp;&nbsp;Exhibits</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;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,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Exhibit No.</font><font style="display:inline;font-weight:bold;font-size:10pt;text-decoration:underline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-weight:bold;font-size:10pt;"></font><font style="display:inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Description</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;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,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;">Press Release dated </font><font style="display:inline;font-size:10pt;">February 29, 2016</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,Times,serif;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,Times,serif;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,Times,serif;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,Times,serif;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,Times,serif;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,Times,serif;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,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">In accordance with the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. </font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
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			<font style="display:inline;font-size:10pt;">&nbsp;</font>
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		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
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					<p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display:inline;font-size:1pt;">&nbsp;</font></p>
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						&nbsp;</p>
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						<font style="display:inline;font-size:10pt;">&nbsp;</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;width:225.75pt;height:37.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;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>
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					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">Dated:&nbsp; </font><font style="display:inline;font-size:10pt;">March 3</font><font style="display:inline;font-size:10pt;">, 2016</font></p>
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				<td valign="top" style="border-left:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:225.75pt;padding:0pt 6.5pt">
					<p style="margin:0pt;font-family:Times New Roman,Times,serif;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,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">John F. Engele</font></p>
					<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">Chief Financial Officer</font></p>
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		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;font-size:10pt;">EXHIBIT INDEX</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Exhibit No.</font><font style="display:inline;font-weight:bold;font-size:10pt;text-decoration:underline;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"></font><font style="display:inline;font-weight:bold;font-size:10pt;text-decoration:underline;">Description</font>
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			<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,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;"></font><font style="display:inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman,Times,serif;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-size:10pt;">Press Release dated February 29, 2016*</font>
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			<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>
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<DESCRIPTION>EX-99.1
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			2015 Results PR Final
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			<a name="_GoBack"></a><font style="display:inline;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">EXHIBIT 99.1</font>
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						<font style="display:inline;font-size:10pt;"><img src="vgz20160303ex9916af8f8001.jpg" style="width: 1.572917in; height: 1.010417in" alt="g115341mmi001.jpg"></font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">7961 Shaffer Parkway </font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">Suite 5</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">Littleton, CO&nbsp;&nbsp;80127</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">Phone:&nbsp;&nbsp;720-981-1185</font></p>
					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">Fax:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720-981-1186</font></p>
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					<p style="margin:0pt;line-height:100%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-size:10pt;">Trading Symbol:&nbsp; </font><font style="display:inline;font-weight:bold;font-size:10pt;">VGZ </font></p>
					<p style="margin:0pt;line-height:115%;font-family:Calibri;font-size: 10pt;">
						<font style="display:inline;font-weight:bold;font-size:10pt;">Toronto and NYSE MKT Stock Exchanges</font></p>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:24pt;">__________________</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:24pt;"> NEWS _______________</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:24pt;">__</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:24pt;">&nbsp;</font>
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			<font style="display:inline;font-size:12pt;">&nbsp;</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">Vista Gold Corp. Announces 201</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">5</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;"> Results and Provides Update on </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">Guadalupe de los Reyes</font>
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		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Denver, Colorado, </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">February </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">29</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">, 201</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">6</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;"> - </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Vista Gold Corp. (the &#x201C;Company,&#x201D; &#x201C;we&#x201D; or &#x201C;our&#x201D;) (NYSE MKT and TSX: VGZ) today announced its audited financial results and highlights for the fiscal year ended December 31, 201</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">5</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">. Management's quarterly conference call to discuss these results is scheduled for</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> 2:30</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">p</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">.</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">m. M</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">S</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">T on March </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">2</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">, 201</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">6</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">. The Company&#x2019;s full audited financial statements, Management'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,Times,serif;color:#000000;">&#x2019;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">s Annual Report on Form 10-K, 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,Times,serif;">&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,Times,serif;font-weight:bold;color:#000000;">S</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">u</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">mmary of </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">2015</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;"> Financial Results </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,Times,serif;color:#000000;">We reported net </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">income </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">of $</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">1.0</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> million or $0.</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">01 </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">per share for the </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">year ended December 31, 2015. This includes</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$10.2 million</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> of </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">payments received from the Australian Government under a research and development incentive program for qualifying costs incurred in 2012 and 2013; a </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">1.</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">6</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> million mark-to-market </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">loss </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">on our investment in Midas</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> Gold Corp.; </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$7.5 million of operating expenses, net of a $2.0 million gain on the disposal of the Los Cardones gold project; and $0.</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">1 &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">million</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">of other expenses. </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Cash operating expenditures were substantially</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> unchanged from </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">2014. </font>
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		<p style="margin:12pt 0pt 5pt;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,Times,serif;color:#000000;">Our working capital </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">as </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">at </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">December 31, 2015</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> totaled approximately $</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">14.4</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> million, including cash </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">and short-term investments (comprised of government securities) </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">of approximately $</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">12.9 </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">million. </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">The Company has no debt</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">.</font><font style="display:inline;font-family:Times New Roman,Times,serif;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,Times,serif;color:#000000;">Frederick H. Earnest, </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Vista&#x2019;s </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">President and C</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">E</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">O</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">, commented</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">, &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&#x201C;201</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">5</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> was a pivotal year in the financial </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">posit</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">i</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">on </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">of the Co</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">mpany</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">. &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">The cash received from the sale </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">of </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">some of our non-core assets, together with t</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">he receipt of $10.2 million dollars </font><font style="display:inline;font-family:Times New Roman,Times,serif;">under the Australian Government's R&amp;D Tax Incentive Program</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">have financed the Company without shareholder dilution, and provided a treasury that we believe will fund the Company into 2018.&nbsp; </font>
		</p>
		<p style="margin:6pt 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,Times,serif;color:#000000;">W</font><font style="display:inline;font-family:Times New Roman,Times,serif;">e plan to continue our </font><font style="display:inline;font-family:Times New Roman,Times,serif;">core </font><font style="display:inline;font-family:Times New Roman,Times,serif;">focus on Mt Todd </font><font style="display:inline;font-family:Times New Roman,Times,serif;">permitting and </font><font style="display:inline;font-family:Times New Roman,Times,serif;">technical/economic studies</font><font style="display:inline;font-family:Times New Roman,Times,serif;">. We recently </font><font style="display:inline;font-family:Times New Roman,Times,serif;">retained a team of experts to</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;">review key areas of </font><font style="display:inline;font-family:Times New Roman,Times,serif;">the project</font><font style="display:inline;font-family:Times New Roman,Times,serif;">; &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;">concentrating on metallurgical</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> recovery</font><font style="display:inline;font-family:Times New Roman,Times,serif;">, process engineering and plant</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> design</font><font style="display:inline;font-family:Times New Roman,Times,serif;">, pit slope rock mechanics, mine </font><font style="display:inline;font-family:Times New Roman,Times,serif;">plans and scheduling, </font><font style="display:inline;font-family:Times New Roman,Times,serif;">and </font><font style="display:inline;font-family:Times New Roman,Times,serif;">the </font><font style="display:inline;font-family:Times New Roman,Times,serif;">gas-fired power plant</font><font style="display:inline;font-family:Times New Roman,Times,serif;">. We hope </font><font style="display:inline;font-family:Times New Roman,Times,serif;">that this review </font><font style="display:inline;font-family:Times New Roman,Times,serif;">will identify opportunities to </font><font style="display:inline;font-family:Times New Roman,Times,serif;">improve project economics</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> and </font><font style="display:inline;font-family:Times New Roman,Times,serif;">may </font><font style="display:inline;font-family:Times New Roman,Times,serif;">move the project closer to development</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&#x201D;</font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> &nbsp; </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,Times,serif;font-weight:bold;">Guadalupe de los Reyes Update </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;"> &nbsp; &nbsp;</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,Times,serif;">On February 25, 2016</font><font style="display:inline;font-family:Times New Roman,Times,serif;">,</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> Vista received notification from Great Panther Silver Limited (&#x201C;Great Panther&#x201D;) that it is terminating its option agreement on Vista&#x2019;s non-core Guadalupe de los Reyes gold and silver project (the &#x201C;Guadalupe project&#x201D;) in Sinaloa, Mexico; and that the $1.5 million option payment due in February 2016 would not be made.&nbsp;&nbsp;Pursuant to the terms of the option agreement, Vista and Great Panther are now working together to transition 100% of the Guadalupe project back to Vista&#x2019;s control.</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,Times,serif;">Frederick </font><font style="display:inline;font-family:Times New Roman,Times,serif;">H. </font><font style="display:inline;font-family:Times New Roman,Times,serif;">Earnest, </font><font style="display:inline;font-family:Times New Roman,Times,serif;">added</font><font style="display:inline;font-family:Times New Roman,Times,serif;">, &#x201C;The Guadalupe project is a non-core project for Vista.&nbsp;&nbsp;The work that Great Panther </font><font style="display:inline;font-family:Times New Roman,Times,serif;">and its subsidiary (Coboro Minerales de Mexico, S.A. de C.V) </font><font style="display:inline;font-family:Times New Roman,Times,serif;">completed over the last two years has confirmed previous work and provided additional information about the low-sulfidation epithermal veins systems in the district. </font><font style="display:inline;font-family:Times New Roman,Times,serif;">We continue to believe that the </font><font style="display:inline;font-family:Times New Roman,Times,serif;">Guadalupe </font><font style="display:inline;font-family:Times New Roman,Times,serif;">project </font><font style="display:inline;font-family:Times New Roman,Times,serif;">has </font><font style="display:inline;font-family:Times New Roman,Times,serif;">good prospects for future development based on </font><font style="display:inline;font-family:Times New Roman,Times,serif;">the </font><font style="display:inline;font-family:Times New Roman,Times,serif;"></font></p></div><div style="margin-left:8.16993464052288%;margin-right:8.82352941176471%;">
		<p><font size="1"> </font></p></div><div style="margin-left:8.16993464052288%;margin-right:8.82352941176471%;"><hr align="center" style='background-color:#000000; border-width:0; color:#000000; height:2pt; lineheight:0; width:100%;'></hr><p style="page-break-after:always">&nbsp;</p></div><div style="margin-left:8.16993464052288%;margin-right:8.82352941176471%;"></div><div style="margin-left:8.16993464052288%;margin-right:8.82352941176471%;"><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,Times,serif;">identified</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> and prospective mineral resources. </font><font style="display:inline;font-family:Times New Roman,Times,serif;">At the appropriate time we intend to seek a new partner who can advance</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> the project to a development decision.&#x201D;</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,Times,serif;color:#000000;">To review the Company's Annual Report on Form 10-K for the year ended December 31, 201</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">5</font><font style="display:inline;font-family:Times New Roman,Times,serif;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,Times,serif;color:#0033CC;text-decoration:underline;">www.sedar.com</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">, &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#0033CC;text-decoration:underline;">www.sec.gov</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> or </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#0033CC;text-decoration:underline;">www.vistagold.com</font><font style="display:inline;font-family:Times New Roman,Times,serif;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,Times,serif;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,Times,serif;">A conference call with management to review our financial results for the fiscal year ended December 31, 201</font><font style="display:inline;font-family:Times New Roman,Times,serif;">5</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> and to discuss corporate and project activities is scheduled for </font><font style="display:inline;font-family:Times New Roman,Times,serif;">Wednesday</font><font style="display:inline;font-family:Times New Roman,Times,serif;">, March</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> &nbsp;2</font><font style="display:inline;font-family:Times New Roman,Times,serif;">, 201</font><font style="display:inline;font-family:Times New Roman,Times,serif;">6</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> at </font><font style="display:inline;font-family:Times New Roman,Times,serif;">2:30 p</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.m. MST.</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,Times,serif;">Toll-free in North America: 1-8</font><font style="display:inline;font-family:Times New Roman,Times,serif;">88</font><font style="display:inline;font-family:Times New Roman,Times,serif;">-</font><font style="display:inline;font-family:Times New Roman,Times,serif;">455</font><font style="display:inline;font-family:Times New Roman,Times,serif;">-</font><font style="display:inline;font-family:Times New Roman,Times,serif;">2296</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&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,Times,serif;">International:&nbsp; </font><font style="display:inline;font-family:Times New Roman,Times,serif;">719-325-2323</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,Times,serif;">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,Times,serif;">&nbsp;</font><font style="display:inline;font-family:ProximaNovaRegular;font-size:10.5pt;">http://event.on24.com/r.htm?e=1145423&amp;s=1&amp;k=66EBAA8D858DD45E6AA2CBEC0028F700</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,Times,serif;">This call will be archived and available at </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#0033CC;">www.vistagold.com</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;">after March </font><font style="display:inline;font-family:Times New Roman,Times,serif;">2</font><font style="display:inline;font-family:Times New Roman,Times,serif;">, 201</font><font style="display:inline;font-family:Times New Roman,Times,serif;">6</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.&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,Times,serif;">890013</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.</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,Times,serif;">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,Times,serif;color:#0033CC;">connie@vistagold.com</font><font style="display:inline;font-family:Times New Roman,Times,serif;">), 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,Times,serif;">All dollar amounts in the press release are U.S. dollars</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.</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,Times,serif;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,Times,serif;">The Company</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> is a well-funded gold project developer.</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> Our </font><font style="display:inline;font-family:Times New Roman,Times,serif;">principal asset </font><font style="display:inline;font-family:Times New Roman,Times,serif;">is</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;">our </font><font style="display:inline;font-family:Times New Roman,Times,serif;">flagship Mt Todd gold project in Northern Territory, Australia</font><font style="display:inline;font-family:Times New Roman,Times,serif;">. We also hold approximately 4.9</font><font style="display:inline;font-family:Times New Roman,Times,serif;">% &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;">of the outstanding common shares of </font><font style="display:inline;font-family:Times New Roman,Times,serif;">Midas</font><font style="display:inline;font-family:Times New Roman,Times,serif;">, &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;">non-core projects in Mexico and </font><font style="display:inline;font-family:Times New Roman,Times,serif;">the United States and</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> royalty interests in Indonesia. </font><font style="display:inline;font-family:Times New Roman,Times,serif;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,Times,serif;color:#000000;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;">www.vistagold.com</font><font style="display:inline;font-family:Times New Roman,Times,serif;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,Times,serif;">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,Times,serif;font-weight:bold;color:#000000;">Forward Looking Statements</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;"> &nbsp; &nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 10pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 9pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;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><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">we expect</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;"> or anticipate will or may occur in the future, including such things as, the Company being funded into 2018; our plan to continue our focus on Mt Todd; our belief that the recommendations may lead to improved project economics and may move the project closer to development; our plan to seek a partner who can advance the Guadalupe project; our belief that</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;"> the </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Guadalupe project has good prospects for future development based on the identified and prospective mineral resources</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">; our believe that the return of the Guadalupe project will have no impact on Mt Todd and other such matters are forward-looking statements and forward-looking information.&nbsp;&nbsp;The material factors and assumptions used to develop the forward-looking statements and forward-looking information contained in this press release include the following: our approved business plans, exploration and assay results, mineral resource and reserve estimates and results of preliminary economic assessments, and pre-feasibility studies on our projects, if any.&nbsp;&nbsp;When used in this press release, the words </font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">optimistic,</font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">potential,</font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">indicate,</font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">expect,&#x201D;</font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;"> &nbsp;&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">intend,</font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">hopes,</font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">believe,</font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">may,</font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">will,</font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">if,</font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201D; &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">anticipate,&#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><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">the Company</font><font style="display:inline;font-family:Times New Roman,Times,serif;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><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">and reserve </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">estimates, uncertainty as to the Company&#x2019;s future operating costs and ability to raise capital; risks relating to cost increases for capital and operating costs; 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><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">our</font><font style="display:inline;font-family:Times New Roman,Times,serif;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><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Note Regarding Forward-Looking Statements</font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201D;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;"> and </font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">Risk Factors</font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">&#x201D;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;"> in </font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">the Company&#x2019;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">s latest Annual Report on Form 10-K as filed on </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;">February 26, 2016</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:9pt;"> and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.&nbsp;&nbsp;Although </font><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">we have</font><font style="display:inline;font-family:Times New Roman,Times,serif;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><font style="color:#0000FF;display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:9pt;text-decoration:none;">we assume</font><font style="display:inline;font-family:Times New Roman,Times,serif;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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# /_9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
