<SEC-DOCUMENT>0000783324-16-000073.txt : 20160505
<SEC-HEADER>0000783324-16-000073.hdr.sgml : 20160505
<ACCEPTANCE-DATETIME>20160505145803
ACCESSION NUMBER:		0000783324-16-000073
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160505
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160505
DATE AS OF CHANGE:		20160505

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:		161623200

	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-20160505x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			Q1 15 050516
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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;">May 2</font><font style="display:inline;font-weight:bold;font-size:10pt;">, 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;font-size:10pt;">On </font><font style="display:inline;font-size:10pt;">May 2, 2016</font><font style="display:inline;font-size:10pt;">, the registrant </font><font style="display:inline;font-size:10pt;">provided its unaudited financial results for the first quarter ended March 31, 2016.</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 </font><font style="display:inline;color:#000000;font-size:10pt;">on April 29, 2016 </font><font style="display:inline;color:#000000;font-size:10pt;">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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		<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 </font><font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;"> First Quarter </font><font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;">201</font><font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;">6</font><font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;"> 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 a net loss of $0.7 million or $0.01 per share for the three months ended March 31, 2016. This includes $2.2 million of operating expenses; a $0.7 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 for costs incurred in the 2014 fiscal year; an unrealized $0.5 million mark-to-market gain on our investment in Midas Gold Corp. (&#x201C;Midas&#x201D;); and $0.3 million of other income. During the three months ended March 31, 2015, we reported a net loss of $0.9 million or $0.01 per share inclusive of $2.2 million of operating expenses; an unrealized $0.7 million mark-to-market loss on our investment in Midas; and $2.0 million gain on the sale of our Los Cardones gold project in Mexico. </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 at March 31, 2016 totaled approximately $14.0 million, including cash and short-term investments (comprised of government securities) of approximately $12.0 million. The Company has no debt.&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;">Frederick H. Earnest, President and Chief Executive Off</font><font style="display:inline;color:#000000;font-size:10pt;">icer, commented, &#x201C;We continue to believe that our balance sheet will fund our currently planned activities into 2018, a</font><font style="display:inline;font-size:10pt;">nd we still have potential future sources of&nbsp;&nbsp;non-dilutive&nbsp;&nbsp;financing including the sale of our used mill equipment and our non-core Guadalupe de los Reyes gold/silver project in Mexico.&nbsp;&nbsp;Our focus remains fixed on our Mt Todd gold project where we are completing additional modelling and testing to support our request for authorization under the Environmental Protection and Biodiversity Conservation Act of 1999 </font><font style="display:inline;font-style:italic;font-size:10pt;">(Australia)</font><font style="display:inline;font-size:10pt;">; and we are analyzing recommendations from a team of technical experts that we engaged earlier this year to review key parts of the Mt Todd gold project.&#x201D; </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;">Mr. Earnest added: &#x201C;We are encouraged by the apparent renewed interest in the gold sector and the significant leverage that Vista stock has displayed relative to gold price changes. We remain committed to adding to the already extraordinary value of the Mt Todd gold project as we work to prepare it for rapid advancement when economic conditions warrant.&#x201D; </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;">To review the Company&#x2019;s Quarterly Report on Form 10-Q for the three months ended March 31, 2016, 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,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 three months ended March 31, 2016 and to discuss corporate and project activities is scheduled for Tuesday, </font><font style="display:inline;color:#000000;font-size:10pt;">May 3, 2016 </font><font style="display:inline;font-size:10pt;">at 2:30 p.m. MDT.</font>
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			<font style="display:inline;font-size:10pt;">&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-size:10pt;">Toll-free in North America: 1-866-233-4585 </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;416-640-5946</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;">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;color:#4F81BD;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;color:#4F81BD;font-size:10pt;">http://event.on24.com/r.htm?e=1183877&amp;s=1&amp;k=804608BB20682F1816797B5129D5D65D</font><font style="display:inline;font-size:10pt;">&nbsp;</font>
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			<font style="display:inline;font-size:10pt;">&nbsp;</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;">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 </font><font style="display:inline;color:#000000;font-size:10pt;">May 3, 2016</font><font style="display:inline;font-size:10pt;">.&nbsp;&nbsp;Audio replay will be available for 21 days by calling toll-free in North America:&nbsp;&nbsp;1-888-203-1112, passcode 5844824.</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;"></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-size:10pt;">If you are unable to access the audio or phone-in on the day of the conference call, please email questions to Connie Martinez, Manager &#x2013; Investor Relations (email: </font><font style="display:inline;color:#0033CC;font-size:10pt;">connie@vistagold.com</font><font style="display:inline;font-size:10pt;">), and we will try to address these questions prior to or during the conference call.</font>
		</p>
		<p style="margin:0pt;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 </font><font style="display:inline;font-size:10pt;">the 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;border-bottom:1pt none #D9D9D9 ;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;border-top:1pt none #D9D9D9 ;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 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 our currently planned activities 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, the leverage of our stock relative to the gold price, our ability to add value to the Mt Todd gold project, and our ability to evaluate and execute programs that could better position the Mt Todd gold project for rapid advancement&nbsp;&nbsp;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, our experience with regulators, and positive changes to current economic conditions and the price of gold.&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 February 26, 2016 </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;font-family:Times New Roman,Times,serif;font-size: 12pt;">
			<a name="_DV_M121"></a><a name="_DV_M122"></a><a name="_DV_M123"></a><a name="_DV_M124"></a><a name="_DV_M125"></a><a name="_DV_M126"></a><a name="_DV_M127"></a><a name="_DV_M128"></a><a name="_DV_M129"></a><a name="_DV_M130"></a><a name="_DV_M131"></a><a name="_DV_M132"></a><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;">&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;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;">May 2, 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;">issued a press release </font><font style="display:inline;font-size:10pt;">provid</font><font style="display:inline;font-size:10pt;">ing</font><font style="display:inline;font-size:10pt;">&nbsp;</font><font style="display:inline;font-size:10pt;">its unaudited financial results for the first quarter ended March 31, 2016.</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-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: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;"></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;">

			&nbsp;

		</p>

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

			&nbsp;

		</p>

</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 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;">May 2,</font><font style="display:inline;font-size:10pt;"> 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>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
		</p>
		<div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;margin-left:0pt;">
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						<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>
				</td>
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				<td valign="top" style="border-right:1pt none #D9D9D9 ;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;width:225.70pt;padding:0pt 6.5pt">
					<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;">May </font><font style="display:inline;font-size:10pt;">5</font><font style="display:inline;font-size:10pt;">, 2016</font></p>
				</td>
				<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>
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		<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>
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			<font style="display:inline;font-size:10pt;">&nbsp;</font>
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		<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>
		</p>
		<p style="margin:0pt;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;">May 2</font><font style="display:inline;font-size:10pt;">, 2016*</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-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;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;">
			<font style="display:inline;font-size:10pt;">&nbsp;</font>
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			&nbsp;

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			&nbsp;

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>vgz-20160505ex9913f7880.htm
<DESCRIPTION>EX-99.1
<TEXT>
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			Q1-16 q1 results (3) FINAL
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			<a name="_GoBack"></a><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">EXHIBIT 99.1</font>
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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>
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						<font style="display:inline;font-size:10pt;">Fax:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720-981-1186</font></p>
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						<font style="display:inline;font-size:10pt;">Trading Symbol:&nbsp; </font><font style="display:inline;font-weight:bold;font-size:10pt;">VGZ </font></p>
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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;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="display:inline;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;;font-size: 11pt;font-family:Calibri;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;"></font><font style="display:inline;font-family:Times New Roman,Times,serif;"></font>
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			<font style="display:inline;font-family:Times New Roman,Times,serif;"> &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,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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		<p style="margin:0pt 0pt 6pt;text-align:center;line-height:115%;font-family:Calibri;font-size: 12pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">Vista Gold Corp. Announces </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">First</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">Quarter 201</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">6</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;"> Results </font>
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			<font style="display:inline;font-size:12pt;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">Denver, Colorado, </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">May 2, 2016</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">- &nbsp;</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</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">: VGZ)</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;">(</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">TSX: VGZ) today announced its </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">un</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">audited financial results for the </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">first </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">quarter</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> ended </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">March 31,</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;">. Management</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 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;">D</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">T on </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">May </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">3</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">, 2016</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;</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 Company&#x2019;s </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">un</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">audited financial statements, Management</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 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 &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Quarterly Report on Form 10-Q</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">, filed</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;">April 29</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">, 2016</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> 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>
		</p>
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			<font style="display:inline;">&nbsp;</font>
		</p>
		<p style="margin:5pt 0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Summary of </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">First</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">Quarter 201</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">6</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;"> Financial Results</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;color:#000000;">&nbsp;</font>
		</p>
		<p style="margin:5pt 0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">We reported </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">a &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">net </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;">of $</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">0</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;">7</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;">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;">per share for the </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">three months</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> ended </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">March 31, 2016. </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">This includes </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$2.2 million of operating expenses; </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">a &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">0</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;">7</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;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;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,Times,serif;color:#000000;">&nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">for costs incurred in </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">the </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;">4</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> fiscal year</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">; an </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">unrealized $</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">0.</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;"> million mark-to-market </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">gain</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;">on our investment in Midas</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> Gold Corp. (&#x201C;Midas</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">&#x201D;</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;">;</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;">and </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$0.</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">3</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;">of other income. </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">During the </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">three months ended </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">March 31</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;">5</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">, we reported </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">a &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">net </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;"> of $</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">0</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">.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;"> or $0.</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">0</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;"> per share</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> inclusive of </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">$2.2 million of operating expenses; an</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;">unrealized $</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">0.7</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;">&nbsp;</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;">; and $2.0 million gain on the sale of our Los Cardones gold project in Mexico. </font>
		</p>
		<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 at </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">March 31</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;"> 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;"> totaled approximately $</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;">4</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">.0</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</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;">term investments (comprised</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 </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">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;">12.0</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>
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		<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;">Frederick H. Earnest, President and Chief Executive Off</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">icer, commented, &#x201C;</font><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;color:#000000;">e &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">continue to believe that </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">our balance sheet will</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;">fund our currently planned activities into 2018, a</font><font style="display:inline;font-family:Times New Roman,Times,serif;">nd we still have </font><font style="display:inline;font-family:Times New Roman,Times,serif;">potential future sources of&nbsp;&nbsp;non-dilutive </font><font style="display:inline;font-family:Times New Roman,Times,serif;"> financing </font><font style="display:inline;font-family:Times New Roman,Times,serif;">including the sale of our used mill equipment and our non-core</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> Guadalupe de los Reyes gold/silver project in Mexico.&nbsp;&nbsp;Our focus remains fixed on </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;">Mt Todd</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> gold project</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> where we are completing additional modelling and testing to support our request for authorization under the E</font><font style="display:inline;font-family:Times New Roman,Times,serif;">nvironmental </font><font style="display:inline;font-family:Times New Roman,Times,serif;">P</font><font style="display:inline;font-family:Times New Roman,Times,serif;">rotection </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;">B</font><font style="display:inline;font-family:Times New Roman,Times,serif;">iodiversity </font><font style="display:inline;font-family:Times New Roman,Times,serif;">C</font><font style="display:inline;font-family:Times New Roman,Times,serif;">onservation</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> Act</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> of 1999 </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-style:italic;">(Australia)</font><font style="display:inline;font-family:Times New Roman,Times,serif;">; and we</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> are </font><font style="display:inline;font-family:Times New Roman,Times,serif;">analyzing recommendations from a team of technical experts that we engaged </font><font style="display:inline;font-family:Times New Roman,Times,serif;">earlier this year </font><font style="display:inline;font-family:Times New Roman,Times,serif;">to review key parts of the Mt Todd </font><font style="display:inline;font-family:Times New Roman,Times,serif;">gold </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;">&#x201D;</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
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		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Mr. Earnest added: &#x201C;We are encouraged by the apparent renewed interest in the gold sector and the significant leverage that Vista stock has displayed relative to gold price changes. We remain committed to adding to the already extraordinary value of the Mt Todd gold project as we work to prepare it for rapid advancement when economic conditions warrant.&#x201D; </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;">To review 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 &nbsp;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">Quarterly Report on Form 10-Q</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> for the </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">three months</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;"> ended </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">March 31, 2016</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;</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">including the related Management</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 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>
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</div></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:5pt 0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 11pt;"><font style="display:inline;">&nbsp;</font>
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			<font style="display:inline;">&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;">Management Conference Call</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;">A conference call with management to review our financial results for the </font><font style="display:inline;font-family:Times New Roman,Times,serif;">three months</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> ended </font><font style="display:inline;font-family:Times New Roman,Times,serif;">March 31, 2016 </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;">Tuesday</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;color:#000000;">May </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">3</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">, 2016</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;">at </font><font style="display:inline;font-family:Times New Roman,Times,serif;">2:30</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;">p</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.m.</font><font style="display:inline;font-family:Times New Roman,Times,serif;"> &nbsp;M</font><font style="display:inline;font-family:Times New Roman,Times,serif;">D</font><font style="display:inline;font-family:Times New Roman,Times,serif;">T.</font>
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		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">Toll-free in North America: </font><font style="display:inline;font-family:Times New Roman,Times,serif;">1-866-233-</font><font style="display:inline;font-family:Times New Roman,Times,serif;">4585</font><font style="display:inline;font-family:Times New Roman,Times,serif;">&nbsp;</font>
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		<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</font><font style="display:inline;font-family:Times New Roman,Times,serif;">:&nbsp;&nbsp;416-</font><font style="display:inline;font-family:Times New Roman,Times,serif;">640-5946</font>
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			<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>
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		<p style="margin:0pt 0pt 10pt;color:#1F497D;line-height:115%;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,Times,serif;">http://event.on24.com/r.htm?e=1183877&amp;s=1&amp;k=804608BB20682F1816797B5129D5D65D</font><font style="display:inline;">&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;">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 </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">May </font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">3</font><font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;">, 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;"> &nbsp;Audio replay will be available for 21 days by calling toll-free in North America:&nbsp;&nbsp;1-</font><font style="display:inline;font-family:Times New Roman,Times,serif;">888-203-1112</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;">passcode </font><font style="display:inline;font-family:Times New Roman,Times,serif;">5844824</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.</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;">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>
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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;">All dollar amounts in the press release are U.S. dollars</font><font style="display:inline;font-family:Times New Roman,Times,serif;">.</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;">About Vista Gold Corp.</font>
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		<p style="margin:0pt;line-height:100%;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Calibri;font-size: 11pt;">
			<font style="display:inline;font-family:Times New Roman,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, </font><font style="display:inline;font-family:Times New Roman,Times,serif;">Australia where we continue to work to identify opportunities to improve project economics with the goal of </font><font style="display:inline;font-family:Times New Roman,Times,serif;">advancing the project toward 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;"> We also hold approximately 4.4</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>
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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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		<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>
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		<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;</font>
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		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;line-height:100%;font-family:Times New Roman,Times,serif;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 </font><font style="display:inline;font-size:9pt;">our currently planned activit</font><font style="display:inline;font-size:9pt;">i</font><font style="display:inline;font-size:9pt;">es 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;">,</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;">the leverage of our stock relative to the gold price, our ability to add value to the Mt Todd gold project, </font><font style="display:inline;font-size:9pt;">and </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 </font><font style="display:inline;font-size:9pt;">rapid advancement</font><font style="display:inline;font-size:9pt;">&nbsp;</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</font><font style="display:inline;font-size:9pt;">,</font><font style="display:inline;font-size:9pt;"> our experience with regulators,</font><font style="display:inline;font-size:9pt;"> and positive changes to current economic conditions and the price of gold</font><font style="display:inline;font-size:9pt;">.&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 </font><font style="display:inline;font-size:9pt;">February 26, 2016</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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