NYSE-A and TSX: VGZ

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Gold Price:

Reserves

Vista completed a definitive feasibility study on the Paredones Amarillos Project in Baja California Sur, Mexico, in October 2008. The results of this study showed the following reserves at a gold price of US$700 per ounce.

Vista Gold Corp. Proven and Probable Gold Reserves 1)
Project	Gold Price (US$/oz)	Ore Short Tons (000’s)	Ore Tonnes (000’s)	Gold Grade (opt)	Gold Grade (g/t)	Contained Gold Ounces (000’s)	Waste Short Tons (000’s)	Waste Tonnes (000’s)	Strip Ratio (Waste:Ore)
Paredones Amarillos	$700	41,830	37,948	0.031	1.08	1,315	149,245	135,393	3.57

1) Cautionary Note to U.S. Investors concerning estimates of Proven and Probable Reserves: The estimates of mineral reserves shown in this table have been prepared in accordance with Canadian National Instrument 43-101. The definitions of proven and probable reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Accordingly, the disclosure of mineral reserves herein may not be comparable to information from U.S. companies subject to the SEC's reporting and disclosure requirements.