Vista Gold Corp. (VGZ)

* Vista Gold Corp. Announces Luzon Minerals Ltd. Elects Not To Exercise Option To Purchase Amayapampa Gold Project In Bolivia

DENVER, Nov 20, 2007 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. (TSX & Amex: VGZ) announced today that Luzon Minerals Ltd. has decided not to exercise its option to acquire from Vista the Amayapampa Gold Project in Bolivia, citing its inability to advance the project with its current financial and personnel resources. Luzon had an option to acquire Vista's interest in the project from Vista pursuant to an option agreement dated March 13, 2007 (see Vista's press release dated March 14, 2007). Vista and Luzon have entered into an agreement regarding the termination of the option agreement and the terms on which Luzon's outstanding obligations with respect to the project will be satisfied.
Mike Richings, Vista's Executive Chairman and CEO, commented on the news: "We have been concerned about the slow progress at the Amayapampa project during these times of high gold prices and recognized that continued delay in placing the project into production might not be well received by the local community. Vista plans to continue to advance the project while seeking a partner or buyer with the financial and personnel resources to manage and develop the project and commence commercial gold production in the shortest time possible. Vista plans to engage consultants and commence a work program to upgrade the scoping study completed by Luzon (initially filed on SEDAR under Luzon Minerals Ltd. and subsequently by Vista on October 18, 2006) to a feasibility study. We remain confident that the project is an attractive project at today's gold prices. Employee training, which Luzon had started, utilizing the services of professional trainers, will continue and the workers will be provided opportunities to participate in the on-site activities related to the proposed work program as plans for the program are developed."
About Vista Gold Corp.
Since 2001, Vista has acquired a number of gold projects with the expectation that higher gold prices would significantly increase their value. As gold prices have risen, Vista has completed various preliminary evaluations that have demonstrated that some of the projects would be potentially viable operations at current gold prices. Vista is undertaking technical programs to bring the most advanced projects to the point where decisions can be made to put these projects into production, either by Vista, or through sale or joint venture to other mining companies. Vista's holdings include the Paredones Amarillos and Guadalupe de los Reyes Projects in Mexico, Mt. Todd Project in Australia, Yellow Pine Project in Idaho, Awak Mas Project in Indonesia, Long Valley Project in California, and the Amayapampa Project in Bolivia.

Nov 20, 2007 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
Vista Gold Corp. (VGZ) said Luzon Minerals Ltd. (LZN.V) won't exercise an option to acquire Vista's Amayapampa gold project in Bolivia.
Vista, a Denver mining company, said it has entered an agreement with Luzon regarding the terms on which Luzon's outstanding obligations with the project will be satisfied.

Friday I decided to add to positions in both (VGZ) and (CEUA). I doubled my position in VGZ (which is still small) at $4.85, bringing my basis down to $5. I also added to my position in CEUA by 15% at $5.50. I now have a solid position in CEUA, and I am very encouraged by the stock hitting another 52 week high. If volume ever starts to come into this stock, we are going to see a major move higher from here. I have most of my position in the stock at this point, but may add modestly if it continues to show strength.

* Vista Gold Corp. Announces Agreements To Purchase Properties Adjacent To The Guadalupe De Los Reyes Project In Mexico To Consolidate Vista's Land Position And Increase Vista's Estimated Gold And Silver Resources

Dec 19, 2007 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
Vista Gold Corp. (VGZ) said it signed an agreement with Grandcru Resources Corp. to acquire Grandcru's interest in two gold and silver mineral properties adjacent to Vista's Guadalupe de los Reyes project in Sinaloa, Mexico.
The Denver mining company will pay Grandcru $425,000 less back taxes, and pay San Miguel Group, a private investment group, $75,000. Vista will also issue Grandcru and San Miguel $1 million in Visa shares.
Vista will pay a 2% net smelter returns royalty on all minerals produced to San Miguel.

Vista Gold Corp. Announces Agreements to Purchase Properties Adjacent to the Guadalupe de los Reyes Project in Mexico to Consolidate Vista's Land Position and Increase Vista's Estimated Gold and Silver Resources

DENVER, Dec 19, 2007 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. (VGZ: vista gold corp com new) is pleased to announce that it and Grandcru Resources Corporation have signed an agreement for Vista to acquire Grandcru's interest in two gold/silver mineral properties adjacent to Vista's Guadalupe de los Reyes project in Sinaloa, Mexico, subject to receipt of all necessary regulatory and other approvals.
Under the terms of the agreement, Vista will (a) pay Grandcru US$425,000 less any amounts payable in back taxes on the mining concessions, and pay a private investment group known as the San Miguel Group US$75,000, and (b) issue to Grandcru and the San Miguel Group, in aggregate, common shares of Vista with a value of US$1,000,000 on closing. In addition, Vista has reached agreement with Goldcorp Inc. and its Mexican subsidiary, Desarrollos Mineros San Luis, S.A. de C.V. (together, "San Luis"), and with the San Miguel Group to complete the acquisition of their respective interests at the same time as the closing occurs with Grandcru. Vista will pay a 2% net smelter returns royalty ("NSR") on all minerals produced payable to the San Miguel Group on the mining concessions known as the San Miguel Concessions. Vista will pay San Luis a 1% NSR on mining concessions known as the San Luis Concessions and the San Miguel Concessions, and 2% to 3% NSR depending on the gold price on Vista's mining concessions known as the Gaitan Concessions. At gold prices below US$499.99 per ounce, the royalty payable to San Luis on the Gaitan Concessions will be 2% and at or above US$500 per ounce, the royalty will be 3%. Certain of the San Luis Concessions are subject to a pre-existing underlying royalty of 3% NSR payable to Sanluis Corporacion, S.A. de C.V.
As previously announced by Vista on September 29, 2003, a resource study on the portion of the Guadalupe de los Reyes property held by Vista was completed on July 17, 2003, by Pincock, Allen & Holt Ltd., of Lakewood, Colorado, an independent consulting firm, in accordance with Canadian National Instrument 43-101 guidelines under the supervision of Leonel Lopez and Mark G. Stevens, independent qualified persons, and titled "Technical Report for the Guadalupe de Los Reyes Gold-Silver Project, State of Sinaloa, Western Mexico" and filed on SEDAR under Vista Gold Corp. The results of the study indicated that at a cutoff grade of 0.5 g/t gold, the portion of the property held by Vista contains 6.3 million tonnes grading 1.36 g/t gold and 23.0 g/t silver for an estimated 277,600 ounces of gold and 4.7 million ounces of silver in the indicated resources(1) category, and 3.8 million tonnes grading 2.01 g/t gold and 65.6 g/t silver for an estimated 247,850 ounces of gold and 8.1 million ounces of silver in the inferred resources(2) category.
A resource analysis on the portion of the Guadalupe de los Reyes property that Grandcru holds an interest in was completed for Grandcru on April 11, 2005, by Pincock Allen & Holt Ltd. of Lakewood, Colorado, in accordance with Canadian National Instrument 43-101 guidelines under the supervision of Leonel Lopez and Mark G. Stevens, independent qualified persons, and titled "Technical Report, Los Reyes, Gold-Silver Project, State of Sinaloa, Western Mexico" and filed on SEDAR under Grandcru Resources Corporation. The results of the study indicated that at a cutoff grade of 0.5 g/t gold, the portion of the property covered by Grandcru's option contains 3.7 million tonnes grading 1.73 g/t gold and 30.4 g/t silver for an estimated 207,000 ounces of gold and 3.6 million ounces of silver in the indicated resources(1) category, and 1.0 million tonnes grading 2.05 g/t gold and 39.4 g/t silver for an estimated 68,000 ounces of gold and 1.3 million ounces of silver in the inferred resources(2) category.

Vista Gold Corp. Announces Agreement To Purchase Gold Processing Equipment And Appointment Of General Manager For The Paredones Amarillos Project, Mexico

DENVER, Jan 02, 2008 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. (TSX & Amex: VGZ) is pleased to announce that it has reached an agreement in principal with A.M. King Industries, Inc. ("A.M. King") and Del Norte Company Ltd., a wholly owned subsidiary of A.M. King, to purchase gold processing equipment to be used at Vista's Paredones Amarillos gold project in Baja California Sur, Mexico. The equipment includes a 10,000 tonne per day semi-autogenous (SAG) grinding mill, two ball mills, gyratory crusher and a shorthead cone crusher, along with other related components, spare parts, and other process plant equipment. The purchase price of US$16,010,000 will be payable in three installments -- the first payment of 50% of the purchase price (US$8,005,000) payable on signing of the purchase agreement and the second and third payments (25%, or US$4,002,500 each) payable based on an equipment delivery schedule with respective parameters targeted to occur in February and March, 2008. The purchase price includes the cost of relocating the equipment to Edmonton, Alberta, Canada. From this point, Vista will arrange for reconditioning and transportation of the equipment to the Paredones Amarillos mine site. The equipment is presently located in northern Canada. Vista intends to purchase the equipment through its wholly owned subsidiary, Minera Paredones Amarillos, S.A. de C.V.
The Company is also pleased to announce the appointment of Carlos Calderon, Jr., as Vice President, Project Development, effective January 7. He will also have the title and duties of General Manager and Legal Representative for Minera Paredones Amarillos, S.A. de C.V. and will focus primarily on the development of the Paredones Amarillos Project. Mr. Calderon holds a M.Sc. degree in Mining Engineering from South Dakota School of Mines, and over the past 36 years has managed exploration, construction and operational projects in Latin America and the U.S., including serving as General Manager for the Paredones Amarillos Project for the prior operator, Echo Bay Mines until the project was put on hold when gold prices dropped in 1997.
Fred Earnest, President and COO, commented, "This purchase is an important milestone in the Company's goal to become a gold producer at the earliest possible time. The decision to purchase this major portion of the project's processing equipment re-affirms our earlier decision to place Paredones Amarillos into production and to do it as soon as possible. In addition to anticipated significant capital cost savings, we believe that the purchase and planned comprehensive reconditioning of this used equipment will save 12-18 months over the time required for the delivery of similar new equipment, thus helping us meet our development schedule. The development of the Paredones Amarillos Project is the first step in our plans to become a mid-tier gold producer. We are also very pleased to welcome Carlos Calderon to the Company. With his proven track record of building and operating mining projects, especially in Latin America, and his prior experience at Paredones Amarillos, we believe he will be a very important asset for the Company as well as the Paredones Amarillos Project, and will be able to get up to speed very quickly."
About Vista Gold Corp.
Since 2001, Vista has acquired a number of gold projects with the expectation that higher gold prices would significantly increase their value. Vista has recently completed a preliminary feasibility study on the Paredones Amarillos Project in Mexico that indicated positive results at gold prices lower than those now prevailing. Vista plans to confirm these results with a definitive feasibility study in 2008. Vista is undertaking programs to advance the Paredones Amarillos Project, including the purchase of long delivery equipment items, so that construction can begin during the second half of 2008. The results of a preliminary assessment completed in 2007 on the Mt. Todd Project in Australia were encouraging and additional technical studies are underway with a definitive feasibility study planned for completion by mid-2009. Vista's other holdings include the Guadalupe de los Reyes Project in Mexico, Yellow Pine Project in Idaho, Awak Mas Project in Indonesia, Long Valley Project in California, and Amayapampa Project in Bolivia.

* Vista Gold Corp. Announces Signing Of Agreement To Purchase Equipment For Paredones Amarillos Project, Mexico, And Results From A Preliminary Assessment Of Its Long Valley Gold Project, California

DENVER, Jan 07, 2008 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. (VGZ: vista gold corp com new) (CA:VGZ) is pleased to announce that further to the Company's January 2, 2008 press release, the Company has entered into a formal agreement with A.M. King Industries, Inc. ("A.M. King") and Del Norte Company Ltd., a wholly owned subsidiary of A.M. King, to purchase gold processing equipment to be used at Vista's Paredones Amarillos Project in Baja California Sur, Mexico. As previously announced, the aggregate purchase price is approximately US$16 million, of which approximately US$8 million was paid on signing of the purchase agreement. Vista is currently considering various bridge loan or convertible debt alternatives with proceeds to be used for the purchase of the equipment and for other expenditures relating to the development of the Paredones Amarillos Project, thus allowing the Company to use current cash for other business purposes. As reported in Vista's press release dated June 21, 2007, the total capital requirements for the project were estimated in a June 2007 pre-feasibility study to be US$110 million. This cost may change as Vista completes the definitive studies that are in progress as a result of various scope changes, including an increase in estimated gold production to the range of 130,000 to 150,000 ounces per year, the incorporation of used equipment and the impact of inflation.
Vista is also pleased to announce the results from a preliminary assessment for Vista's Long Valley Project, Mono County, California, by Mine Development Associates, ("MDA") of Reno, Nevada, in accordance with Canadian National Instrument 43-101 standards under the direction of Mr. Neil Prenn, an independent Qualified Person. This preliminary assessment entitled "Technical Report, Preliminary Economic Assessment, Long Valley Project, Mono County, California" is expected to be filed on SEDAR by Vista on or about January 9, 2008.

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and I have my other junior partially hedged through covered calls on (VGZ).

...

Another quick update to the portfolio. Thursday morning I decided to buy back the calls I sold against my (VGZ) position at a premium of 20 cents. I had sold the calls at 45 cents, and they have provided a bit of cover as gold has pulled back. In my opinion VGZ has probably overcorrected, so I want to cover here and perhaps sell calls later if the stock moves up.

DENVER, Feb 06, 2008 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. (VGZ: VGZ) is pleased to announce that recent exercises of outstanding warrants issued as part of the Corporation's private placement of February 2006, which expired February 4, 2008, have resulted in the addition of approximately US$2.9 million in cash into the Corporation's treasury. This addition brings the Corporation's cash on hand to approximately US$11.0 million. The Corporation also holds securities valued at approximately US$10.9 million as of December 31, 2007. With the share issuances from these warrant exercises, there will be approximately 34.4 million common shares of the Corporation issued and outstanding and approximately 36.3 million common shares on a fully diluted basis.
In reviewing this and other developments, Fred Earnest, President and COO, commented, "This recent influx of cash will help us maintain a strong balance sheet while we arrange financing to advance the Paredones Amarillos Project. We anticipate the arrangement of interim financing through various bridge loan or convertible debt alternatives in the near future to fund the recent purchase of processing equipment for the Paredones Amarillos Project (see press releases of January 2 and January 8, 2008) and detailed engineering and other costs associated with the development of the project. Upon completion of the definitive feasibility study, we intend to have financing in place that will allow the start of construction on the project. We expect that the feasibility study at Paredones Amarillos will be completed early in the third quarter of 2008 and that construction can begin later in the year."
Mr. Earnest continued, "Vista was successful in acquiring gold resources during the 2002-2007 period, which included sustained times of depressed gold prices and completion of the transaction involving the transfer of Vista's Nevada assets to Allied Nevada Gold Corp., growing Vista's gold resource base from 1.8 million ounces to 18.1 million ounces at an average acquisition cost of US$0.62 per ounce of gold acquired. With gold prices continuing to rise, Vista is working to become a mid-size producer, with the goal of producing 350,000 to 400,000 ounces of gold per year by 2011. This level of production is predicated upon the successful achievement of our plans to construct and commission the Paredones Amarillos mine by late 2009 and the Mt. Todd mine by late 2010 or early 2011, subject to completion of definitive feasibility studies and obtaining acceptable financing arrangements."
About Vista Gold Corp.
In June 2007, Vista completed a preliminary feasibility study update on the Paredones Amarillos Project in Mexico that indicated positive results which show it could produce 1.4 million gold ounces over a ten-year life at gold prices lower than those now prevailing. The Corporation hopes to confirm these results with a definitive feasibility study in 2008. Based on the favorable results from the preliminary feasibility study and the higher gold prices, Vista has undertaken programs to advance development of the Paredones Amarillos Project, including the purchase of used mill equipment, with the objective of commencing construction during the second half of 2008.
The results of a preliminary assessment completed in 2007 on the Mt. Todd Project in Australia were encouraging, showing that 266,000 gold ounces and 4.3 million pounds of copper (with a US$32 per gold ounce copper credit at copper prices of US$2.00 per pound) could be produced annually over a ten-year life for a total gold production of nearly 2.7 million ounces and nearly 43 million pounds of copper at an average operating cost of US$391 per gold ounce net of copper credits. A development drilling program was completed in 2007 which will result in a new resource estimate planned to be completed during the first quarter of 2008. Additional technical studies and a drilling program are planned for 2008 at Mt. Todd and a definitive feasibility study is planned for completion during the first half 2009 with construction then possible as soon as financing is arranged if the results of the definitive feasibility study warrant. Vista's other holdings include the Guadalupe de los Reyes Project in Mexico, where Vista recently completed the consolidation of the known gold resources in the district under its ownership. During the remainder of the year, the Corporation will undertake preliminary exploration and development activities at Guadalupe de los Reyes. Vista also controls the Yellow Pine Project in Idaho where the results of a preliminary assessment published in December 2006 indicated that with an initial capital investment of approximately US$150 million to process three million tons of ore per year at operating costs of US$402 per ounce and annual production of 189,000 ounces of gold, results are encouraging at gold prices above US$550 per ounce. During 2008, the Corporation plans to undertake further engineering and environmental studies at Yellow Pine. Currently, development of the Yellow Pine Project is not expected to commence until after the successful start of the Paredones Amarillos Project. The Awak Mas Project in Indonesia and the Long Valley Project in California have had preliminary assessments completed recently. Vista is considering various options including potential joint venture arrangements or sale of the Amayapampa Project in Bolivia.
For further information on the Paredones Amarillos Project, the Mt. Todd Project and the Yellow Pine Project, see the following reports filed under Vista Gold Corp. on SEDAR: "Updated Technical Report, Paredones Amarillos Project, Baja California Sur, Mexico", June 20, 2007, prepared under the direction of Mr. Neil Prenn, an independent qualified person; "Preliminary Economic Assessment, Mt. Todd Gold Project, Northern Territory Australia", December 29, 2006, prepared under the direction of Mr. John Rozelle, an independent qualified person; and "CNI 43-101 Technical Report, Preliminary Assessment of the Yellow Pine Project, Yellow Pine, Idaho", December 13, 2006, prepared under the direction of Mr. Richard J. Lambert, an independent qualified person.
The preliminary assessments of the Mt. Todd Project and the Yellow Pine Project are preliminary in nature and include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary assessments will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

and Indicated Resources by 65% to 2.9 Million Ounces of Gold

DENVER, Feb 27, 2008 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. (VGZ: vista gold corp com new) (CA:VGZ) is pleased to announce that an updated gold resource estimate for the Batman deposit at the Mt. Todd Gold Project in Northern Territory, Australia was completed on February 26, 2008, by Tetra Tech of Golden, Colorado, in accordance with Canadian National Instrument 43-101 standards. This updated gold resource estimate was completed under the direction of Mr. John Rozelle, P.G., an independent Qualified Person, utilizing standard industry software and resource estimation methodology. The previous resource estimate was originally reported by Vista in a press release dated June 26, 2006. The updated resource estimate incorporates the results of 9,460 assay intervals from 25 drill holes (all core holes) drilled by Vista in 2007 with assaying completed by Northern Australia Labs in Pine Creek and ALS-Chemex in Perth. These results are in addition to the results of 91,225 assay intervals from 730 drill holes (225 core, 435 reverse circulation and 70 rotary drill holes) done by BHP Resources Pty Ltd., Zapopan NL and Pegasus Gold Australia Pty Ltd. used in the previous Mt. Todd resource estimate. Vista has also completed a preliminary evaluation of the development of the project, the results of which were announced in January 2007. For more information on both studies please refer to the Corporation's June 26, 2006 and January 4, 2007 press releases or the Company's website ( http://www.vistagold.com) for complete studies. A technical report for the updated resource estimate will be filed on SEDAR on or about March 14, 2008.

ent on March 5, 2008

DENVER, March 4, 2008 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. ("Vista" or the "Corporation") (VGZ: vista gold corp com new) announced today that it expects to close its previously announced brokered private placement of up to US$32 million in aggregate principal amount of senior secured convertible notes (the "Notes") of the Corporation. For a description of the Notes, the Corporation refers you to its press release dated February 12, 2008.
The Corporation will use the net proceeds of the offering of the Notes to finance the previously announced purchase of gold processing equipment to be used at the Paredones Amarillos gold project and to fund ongoing operations at the Paredones Amarillos gold project.
The above-described securities have not been registered under the Securities Act of 1933 or any state securities laws, and may not be offered or sold in the United States absent registration or applicable exemption from registration requirements.
This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933 and U.S. Securities Exchange Act of 1934 and forward-looking information within the meaning of Canadian securities laws. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as Vista's plans for financing the Paredones Amarillos Project including the nature and timing of financing; plans for construction and development activities at the Paredones Amarillos Project; and other such matters are forward-looking statements and forward-looking information. When used in this press release, the words "will", "estimate", "plan", "anticipate", "expect", "intend", "believe" and similar expressions are intended to identify forward-looking statements and forward-looking information. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, risks relating to delays in commencement and completion of construction at the Paredones Amarillos Project; risks of shortages of equipment or supplies; risks that Vista's acquisition, exploration and property advancement efforts will not be successful; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; uncertainties concerning reserve and resource estimates; potential effects on Vista's 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; and uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed in Vista's latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities commissions. Although Vista has 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. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.
For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at http://www.vistagold.com
SOURCE Vista Gold Corp.

http://www.vistagold.com

DENVER, March 7, 2008 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. ("Vista" or the "Corporation") (VGZ: vista gold corp com new) (CA:VGZ) announced today the closing of a brokered private placement of senior secured convertible notes (the "Notes") of the Corporation. Gross proceeds to the Corporation were US$30 million. For a description of the Notes, we refer you to our press release dated February 12, 2008.
As compensation to the agent (the "Agent") in respect of the offering of the Notes, the Corporation has paid to the Agent a cash fee of US$1.2 million, being 4% of the gross proceeds of the offering, and has issued to the Agent 200,000 common share purchase warrants, being 4% of number of common shares issuable upon the conversion of the Notes sold in the offering, assuming a conversion price of US$6.00. Each such Agent's warrant will be exercisable for one common share for US$6.00 per share until three years following the date of issuance.
The Corporation will use the net proceeds of the offering of the Notes to finance the previously announced purchase of gold processing equipment to be used at the Paredones Amarillos gold project and to fund ongoing operations at the Paredones Amarillos gold project.
The above-described securities have not been registered under the Securities Act of 1933 or any state securities laws, and may not be offered or sold in the United States absent registration or applicable exemption from registration requirements.
This press release contains forward-looking statements within the meaning of the U.S. Securities Act of 1933 and U.S. Securities Exchange Act of 1934 and forward-looking information within the meaning of Canadian securities laws. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Vista expects or anticipates will or may occur in the future, including such things as Vista's plans for financing the Paredones Amarillos Project including the nature and timing of financing; plans for construction and development activities at the Paredones Amarillos Project; and other such matters are forward-looking statements and forward-looking information. When used in this press release, the words "will", "estimate", "plan", "anticipate", "expect", "intend", "believe" and similar expressions are intended to identify forward-looking statements and forward-looking information. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Vista to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, risks relating to delays in commencement and completion of construction at the Paredones Amarillos Project; risks of shortages of equipment or supplies; risks that Vista's acquisition, exploration and property advancement efforts will not be successful; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; uncertainties concerning reserve and resource estimates; potential effects on Vista's 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; and uncertainty of being able to raise capital on favorable terms or at all; as well as those factors discussed in Vista's latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q and other documents filed with the U.S. Securities and Exchange Commission and Canadian securities commissions. Although Vista has 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. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Except as required by law, Vista assumes no obligation to publicly update any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.
For further information, please contact Connie Martinez at (720) 981-1185, or visit the Vista Gold Corp. website at http://www.vistagold.com
SOURCE Vista Gold Corp.

http://www.vistagold.com

RENO, NEVADA, Mar 10, 2008 (MARKET WIRE via COMTEX) -- Allied Nevada Gold Corp. ("Allied Nevada," "we," "us" or the "Company")(TSX: ANV) (ANV:
allied nevada gold corp com) today announced its financial results for the year ended December 31, 2007, as filed on March 06, 2008, with the U.S. Securities and Exchange Commission in the Company's Annual Report on Form 10K. Also today, the Company announced plans to enter into a bridge credit facility of up to CDN$30.0 million with Quest Holdings Ltd., as well as a proposed sale of its 50% interest in its Treasure Hill-Mount Hamilton mineral property. Allied Nevada is a newly independent company that commenced operations on May 10, 2007, upon the closing of the transactions pursuant to the terms of an Arrangement as described in the Company's regulatory filings. From its incorporation in 2006 until May 10, 2007, Allied Nevada had been a wholly owned subsidiary of Vista Gold Corp. ("Vista").
Results of Operations for the Year Ended December 31, 2007 Compared with 2006
Allied Nevada reported a consolidated net loss in 2007 of $11,265,000 compared to a consolidated net loss of $2,465,000 in 2006. The increase in the consolidated net loss of $8,800,000 is largely due to an increase of $4,643,000 in exploration, property evaluation and holding costs, an increase of $3,682,000 in corporate administration and investor relations costs, and the recognition of an impairment loss of $678,000 on its mineral properties partially offset by an increase of $457,000 in interest and other income.
Exploration, property evaluation, and holding costs increased to $6,352,000 in 2007, as compared with $1,709,000 in 2006. The principal variances from 2006 relate to the Hycroft oxide and sulfide exploration program, the staking of additional claims at Hycroft, additional costs of managing an expanded corporate exploration office, and additional care and maintenance costs at the Hycroft mine. During 2007, the Company completed 52 drill holes totaling approximately 57,000 total feet of drilling. Full assay determinations for both gold and silver on 44 of these holes were completed in 2007 with the remaining assays on these holes being completed in 2008 as previously announced by Allied Nevada.
Corporate administration and investor relations costs increased to $4,863,000 in 2007, compared to $1,181,000 in 2006. The increase in the corporate administration and investor relations costs resulted from one-time expenses that were incurred when we became an independent, publicly traded company in May 2007, stock based compensation expenses, and direct corporate administration costs and investor relations expenditures that were incurred from May 10, 2007 reduced by a decrease in the costs that were allocated to Allied Nevada from Vista under the continuity of interests method of accounting. Under the continuity of interests method of accounting, Vista allocated a portion of its corporate administration costs to the Vista Nevada Assets based on the relative mineral property carrying values. The Vista Nevada assets were subsequently transferred to Allied Nevada on closing of the Arrangement.
During 2007, we recognized a $678,000 impairment write-down of mineral interests. During 2007, two lessees that held exploration leases on 28 of Allied Nevada's properties defaulted on the payments required by the agreements. Both companies were provided with rescheduled payment plans so that they had time to cure the defaults. In February 2008, one lessee failed to make the payments due under the rescheduled payment terms and the other agreed to reduce its land holdings to two properties. Allied Nevada plans to commence the necessary actions to cancel the lease agreements on the defaulted properties.
We earned $1,030,000 in interest income in 2007 compared to $552,000 for 2006. The increase of $478,000 is attributable to an increase in interest earned on our liquid savings accounts of $521,000 and an increase in interest earned on the Hycroft Mine restricted cash account of $43,000, which was partially offset by a reduction of $76,000 in the allocation of interest income from Vista.
Financial Position, Liquidity and Capital Resources
Cash used in operations was $8,406,000 in 2007, compared to $1,392,000 in 2006. The increase in cash used in operating activities of $7,014,000 for 2007 can be explained by the increase in the consolidated net loss during 2007, the reduction of allocated costs from Vista, offset by a slight decrease in non-cash working capital.
Net cash used in investing activities in 2007 increased to $13,205,000 from $140,000 in 2006. The increase of $13,065,000 for the period results from the acquisition of the Pescio Nevada Assets in exchange for $15 million in cash and 12.0 million shares pursuant to the arrangement, and our purchases during 2007 of $278,000 of capital items including several light vehicles, computer servers, and additional computers and office technology, partially offset by the receipt from the Company's exploration partner in its Battle Mountain property of $2 million to exercise its option to acquire the property and $298,000 of advanced minimum royalty receipts.
The net cash provided by financing activities was $41,709,000 in 2007 compared to $1,529,000 in 2006. The $40,180,000 increase in cash provided by financing activities was the result of the net cash inflow from a private placement completed in July 2007 of $15,378,000, Vista's payment of $25 million to us in May 2007 pursuant to the Arrangement Agreement, the receipt of $528,000 upon the exercise of Finders Warrants granted pursuant to the private placement completed in July 2007, and the receipt of $433,000 upon exercise of Allied Nevada special stock options, partially offset by a $1,306,000 reduction in the cash operational funding of the Company by Vista during 2007 following closing of the Arrangement.
At December 31, 2007, we had cash and cash equivalents totaling $20,105,000. All cash equivalents were invested in high quality short-term money market instruments, including bankers' acceptances, bank notes, certificates of deposit, government securities, commercial paper and repurchase agreements of domestic and foreign issuers. At December 31, 2007, we had no funds invested in asset-backed commercial paper.
At December 31, 2007, we had no outstanding debt to banks or financial institutions.
Proposed Bridge Credit Facility with Quest Holdings Ltd.
On March 3, 2008, the Board of Directors ratified the signing of an indicative letter of intent concerning a proposed CDN$30 million secured bridge credit facility with Quest Holdings Ltd. ("Quest Holdings"). The terms of the facility are not yet final and are subject to due diligence by Quest Holdings and its counsel, the preparation of definitive documentation, the granting of security and such other steps as are usual to transactions of this nature. The letter of intent provides that the facility is scheduled to be available for drawdown until July 2008 and must be repaid by March 2009. Borrowings under the proposed credit facility are limited to working capital, operating, and capital expenditures relating to the reopening of the Hycroft Mine. The Company's interest in the Hycroft mine properties and all of its personal tangible property are expected to be pledged as collateral for the credit facility. The proposed agreement is expected to contain customary covenants for credit facilities of this type including certain negative covenants, which will limit or restrict Allied Nevada's ability to incur additional debt. Allied Nevada will incur a standby fee equal to four percent of the amount of the loan facility when it enters into the agreement. Borrowings under the proposed credit facility are subject to payment of a five percent drawing fee payable to Quest Holdings. The interest rate on borrowings is twelve percent per annum compounded monthly. Quest Holdings is a wholly-owned subsidiary of Quest Capital Corp. ("Quest Capital"). Robert Buchan, Executive Chairman and Director of Allied Nevada, is a Director of Quest Capital and A. Murray Sinclair, a former Director of Allied Nevada, is a Co-Chairman of Quest Capital. Mr. Buchan has disclosed to the Board of Directors that he may participate to the extent of up to CDN$5 million in the proposed Quest Holdings credit facility.
Acceptance of the Offer For Sale of 50% Interest in the Treasure Hill - Mount Hamilton Property
In March 2008, Allied Nevada accepted an offer from Golden Predator Mines Inc. of Wylie, Texas to purchase Allied Nevada's 50% interest in the Treasure Hill - Mount Hamilton mineral property consisting of 106 patented and 112 unpatented mining claims for $1.0 million. Under terms of the agreement, Allied Nevada would retain a NSR of 1%, which is subject to a buyout for a payment of $0.5 million in the first 24 months from closing escalating thereafter to a maximum of $3.0 million.
"The proposed credit facility allows us additional financial flexibility to proceed with reactivation of our Hycroft Mine," said Scott Caldwell, President and Chief Executive Officer of Allied Nevada. "Our 2007 financial results represent expenditures required to commence operations as a newly independent corporation and to begin the evaluation process on the sulfide mineralization target at the Hycroft Mine."
About Allied Nevada Gold Corp.
Allied Nevada is engaged in the evaluation, acquisition, exploration and development of gold projects. Its present exploration and development properties are located in Nevada. As previously announced, Allied Nevada is proceeding with plans for reactivation of its Hycroft Brimstone Open Pit Mine in Winnemucca, Nevada and is evaluating the oxide and sulfide resource potential at the Hycroft Mine. Allied Nevada also continues to review and pursue plans to advance its advanced exploration properties and other exploration properties. Forward-Looking Statements

Outlook
Gold prices started 2007 at $641 per ounce and finished the year at $837 per ounce as quoted on the London Exchange. This rise of approximately 31% during the year reflected factors such as rising oil prices, global instability, real and threatened terrorism activities, the war in Iraq, and the rise in demand for investment and jewelry. Current prices are at a 25-year high and no assurance can be given that such prices will be sustained.
At the end of 2007, we owned or controlled seven properties containing mineralized material. In the early part of 2007, we decided with the higher gold prices, to bring the more advanced projects, such as Paredones Amarillos and Mt. Todd, to a production decision. The emphasis in late 2007 was to start a bankable feasibility study on Paredones Amarillos with a major mining consultant being contracted to manage this study, which we expect to be completed by the middle of 2008. In addition, through exploration drilling and engineering studies, we believe that additional value can be added to most of the remaining projects by advancing them closer to a production decision.
We do not currently generate operating cash flows. Subject to sustained gold prices, we expect to generate revenues and cash flows in the future. We may generate revenues and cash flows from our portfolio of gold projects by several means, including but not limited to options or leases to third parties, joint venture
arrangements with other gold producers, outright sales for cash and/or royalties, or project development and operation.
With respect to our current property holdings, aggregate expenditures for purchase installments, to maintain options and conduct exploration activities are currently anticipated being approximately $640 in 2008 and $200 in 2009. At present, we would anticipate raising funds to meet these long-term obligations through public or private debt and/or equity offerings, or joint venture efforts or sale of properties currently controlled. We anticipate raising funds for interim financing needs through various bridge loan or convertible debt alternatives (see "-Subsequent Events-Brokered Private Placement of Convertible Notes", below). In subsequent years, we anticipate that we will need to raise additional capital to meet property purchase installment obligations and scheduled payments on those properties that we decide to retain under option. Further, additional capital would be necessary to advance the projects to a positive production decisions; and to conduct additional exploration drilling and engineering studies on current properties. However, there can be no assurance that we will be successful in efforts to raise additional capital.

Mar 17, 2008 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
Vista Gold Corp. (VGZ) reported Monday in a filing with the Securities and Exchange Commission a fourth-quarter net loss of $7.9 million, or 25 cents a share, widening from a net loss of $776,000, or 2 cents a share, for the year-ago period.

DENVER, March 17, 2008 /PRNewswire-FirstCall via COMTEX/ -- Vista Gold Corp. (VGZ: vista gold corp com new) announced today its financial results for the year ended December 31, 2007, as filed on March 17, 2008 with the U.S. Securities and Exchange Commission and the Canadian Securities Commission in Vista's Annual Report on Form 10-K. For the year ended December 31, 2007, Vista reported a consolidated net loss of US$14.2 million or US$0.44 per share compared to the 2006 consolidated net loss of US$4.2 million or US$0.16 per share. The increase of US$10.0 million in the net loss for 2007 is primarily the result of an increase in the loss from discontinued operations of US$4.1 million, costs of US$2.9 million related to the completion of the Arrangement (discussed below), an increase in corporate administration and investor relations costs of US$2.7 million and an increase in exploration, property evaluation and holding costs of US$0.3 million.
The losses from discontinued operations of US$6.3 million in 2007 and US$2.3 million in 2006 are primarily the result of two factors. The first contributing factor relates to the completion of the Arrangement on May 10, 2007 involving the Corporation, Allied Nevada Gold Corp. and Carl and Janet Pescio, which resulted in, among other things, the transfer of the Corporation's Nevada properties and cash to Allied Nevada and the acquisition by Allied Nevada of the Nevada mineral assets of Carl and Janet Pescio. As a result of the completion of the Arrangement, the losses associated with the Corporation's Nevada properties are now reflected as losses from discontinued operations. These losses amounted to US$0.4 million and US$2.1 million for the respective periods. The financial effects of the Arrangement are also reflected in the changes of working capital and total assets, as discussed below. The second contributing factor, resulting in a loss from discontinued operations of US$5.9 million in 2007, was the determination that, as of December 31, 2007, the Amayapampa project was held for sale. Upon making this determination, the Corporation assessed the fair market value of the Amayapampa project using risk adjusted economic models incorporating the terms of an arm's-length proposal to purchase the project currently under consideration by the Corporation. The economic models employed indicated a fair market value for the Amayapampa project of US$4.8 million as compared to the carrying value of US$10.3 million which necessitated a write-down of US$5.5 million. The Amayapampa project incurred losses of US$0.4 million during 2007 which have been included in losses from discontinued operations.
The Corporation received net cash from financing activities of US$4.3 million in 2007 compared to US$54.3 million in 2006. The US$4.3 million in 2007 consisted primarily of net proceeds of US$3.6 million from exercise of warrants and US$0.7 million from the exercise of options.
Net cash used in investing activities in 2007 was US$31.3 million compared to US$3.7 million in 2006. The increase of US$27.6 million mostly reflects US$24.5 million cash transferred to Allied Nevada in connection with the Arrangement Agreement representing Vista's payment of US$25 million less US$0.5 million in loans repaid to Vista by Allied Nevada pursuant to the terms of the Arrangement Agreement. Other variances include an increase in additions to mineral properties of US$4.2 million which is mostly due to a drilling program the Corporation undertook at the Mt. Todd project during 2007 and a decrease in expenditures related to acquisitions of gold properties of US$1.3 million since the Corporation had no property acquisitions in 2007.
At December 31, 2007, the Corporation's total assets were US$51.3 million compared to US$92.7 million at December 31, 2006, representing a decrease of US$41.4 million. Of this decrease, US$9.9 million was attributed to the mineral properties transferred to Allied Nevada; and US$5.4 million was attributed to the restricted account balance transferred to Allied Nevada; the remaining decrease was primarily made up of the reduction in working capital mostly reflecting payment made to Allied Nevada in connection with the Arrangement.
Vista's financial position included current assets at December 31, 2007 of US$27.9 million compared to US$50.4 million at December 31, 2006. Long-term liabilities totaled US$30,000 at December 31, 2007 compared to US$4.9 million at December 31, 2006. At December 31, 2007, the Corporation had working capital of US$27.3 million, compared to US$49.7 million in 2006. Vista's working capital of US$27.3 million as of December 31, 2007, decreased from that at December 31, 2006 by US$22.4 million. The principal component of working capital for both 2007 and 2006 is cash and cash equivalents of US$16.6 million and US$48.7 million, respectively. Other components include marketable securities (2007-US$10.9 million; 2006-US$0.8 million), accounts receivable (2007-US$0.1 million; 2006-US$0.6 million) and other liquid assets (2007-US$0.3 million; 2006-US$0.3 million). The decrease of US$22.4 million in working capital from 2007 to 2006 relates to the payment to Allied Nevada of US$25.0 million less the receivable of US$0.5 million pursuant to the Arrangement Agreement. At December 31, 2007, Vista held marketable securities available for sale with a quoted market value of US$10.9 million. Included in these marketable securities were 1,529,848 shares of Allied Nevada at a quoted market value of US$9.5 million. The Corporation continues to hold these shares of Allied Nevada, which Vista retained as part of the closing of the Arrangement to facilitate payment of any taxes payable by the Corporation as a result of the Arrangement. At December 31, 2007, Vista held no debt with banks or institutions.
Subsequent to year-end, Vista completed a private placement in which it issued US$30 million in aggregate principal amount of senior secured convertible notes.

IRVINE, Calif., Mar 20, 2008 (PrimeNewswire via COMTEX) -- "In light of glittering reports of gold prices reaching stratospheric heights topping the $1000 mark, one can be sure that there will be no shortage of companies with newly focused visions of capturing market share and its attendant benefits," stated SmallCap Sentinel analyst D.R. Clark. "But with the abundance of companies it is often tricky to spot those with resilience and a real business plan since the average investor often lacks the acumen to personally validate the company's potential."
"But validation by association with a credible third party can serve as a strong indicator that a company indeed has the elements of success," said Clark. "If an emerging small cap company is able to attract the investment or even the interest of more established leaders within its industry, it can serve to validate its strengths and its potential for success. For example, Tonogold Resources, Inc. (Pink Sheets:TNGL) announced today that it had completed a formal Exploration and Option Agreement with Centerra (U.S.) Inc., a subsidiary of Centerra Gold Inc. (CA:CG: news, chart, profile) , regarding Tonogold's Tonopah Divide project in Nevada."
The informational report "Investing in Gold Stocks for the SmallCap Investor" has been made available free of charge at http://www.SmallCapSentinel.com and will address the rise of interest in gold-related equities such as U.S. Gold (UXG: us gold corporation com par $0.10) , Newmont Mining Corporation (NEM: Newmont Mining Corporation) , Vista Gold Corp. (VGZ: vista gold corp com new) and others.
Tonogold Resources, Inc. is a minerals exploration company based in La Jolla, California with gold and silver properties in Alaska and Nevada. Tonogold is the parent company of Prospect Uranium, Inc. For more information on the company visit its websites at http://www.tonogold.com and http://www.prospecturanium.com.
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Statements herein contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SmallCapSentinel/StockUpTicks.com are properties of Market Pathways Financial Relations Inc. (MP). MP provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience.
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