Vista Gold Corp Announces Additional Results from Drilling at the Guadalupe de los Reyes Gold-Silver Project

Vista Gold Corp.

announces additional results for the drilling program currently in progress at its Guadalupe de los Reyes gold-silver project in Sinaloa, Mexico. Drilling with one drill resumed on January 10, 2012 and a second drill began drilling on January 23, 2012. Assays have been received from three holes; two from the Guadalupe vein and one from the El Zapote vein. The intercepts from the Guadalupe vein confirm our hypothesis that there is potential for high grade gold-silver mineralization in the district. Based on the depth of historical underground workings, it is estimated that the intercepts in the Guadalupe vein are a couple hundred meters above the base of the productive zone. Neither drill hole from the Guadalupe vein reached the planned target depth due to difficult drilling conditions, though, assay results from 12GV-02 indicated strong mineralization at the bottom of the hole. All results are from angle diamond core holes. Interpreted vein orientation and approximate true width are illustrated on the cross sections on our website. The high grade mineralization intersected in 12GV-02 from 236.3 to 245.2 meters occurs in a brecciated quartz vein and resulted in a lower core recovery (approx. 34%) than has been typically encountered. It is likely that finely ground rock was washed from the core. The grade of the interval without this loss of material could be lower or higher than reported.