NYSE-A and TSX: VGZ

	NYSE-A	TSX
Last:	$2.00	$2.05
Change:	0.00	0.00
Volume:	0	5523

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Resources and Reservee
Vista Gold Corp. is an international gold mining company based in Littleton, Colorado, with a plus 20-year history of gold exploration, development and operations. Vista is traded on both the TSX and NYSE Amex under the symbol VGZ. Since 2001, Vista has correctly predicted that gold prices would significantly increase for many years to come, and has acquired a number of impressive gold projects during 2001-2006. During 2006 and 2007, Vista completed transactions that resulted in the formation and successful spin-off to its shareholders of Allied Nevada Gold Corp. Since the spin-off Vista has sold one project and currently holds six projects with an estimated 1.3 million ounces of proven and probable reserves, 12.8 million ounces of measured and indicated resources and 4.6 million ounces inferred. Vista has undertaken programs to advance the Paredones Amarillos gold project, located in Baja California Sur, Mexico, including a definitive feasibility study, the purchase of long delivery equipment items, and the purchase of land for the processing facilities, related infrastructure and the desalination plant. The results of a Preliminary Economic Assessment completed in 2009 on the Mt. Todd gold project in Australia are encouraging and Vista is undertaking other studies to advance the project. Vista's other holdings include the Yellow Pine gold project in Idaho, Guadalupe de los Reyes gold project in Mexico, Long Valley gold project in California, and Awak Mas gold project in Indonesia.

Reserves and Resources

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

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 NI 43-101. The definitions of proven and probable reserves used in NI 43-101 differ from the definitions in U.S. Securities and Exchange Commission Industry Guide 7. Accordingly, the Company�s disclosure of mineral reserves herein may not be comparable to information from U.S. companies subject to the reporting and disclosure requirements of the U.S. Securities and Exchange Commission.

Cautionary Note to All Investors concerning estimates of Measured, Indicated and Inferred Resources: This table uses the terms �measured and indicated resources� and �inferred resources.� We advise U.S. investors that while these terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in the measured and indicated categories will ever be converted into reserves. Mineral resources that are not �mineral reserves� do not have demonstrated economic viability. All investors are advised that inferred resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of a feasibility study and all investors are cautioned not to assume that any part or all of an inferred resource exists or is economically or legally mineable. The preliminary assessment on the Mt. Todd gold project is preliminary in nature and include �inferred mineral resources� that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary assessment at the Mt. Todd gold project will ever be realized.