Vista Gold Corp Provides Update on Feasibility Study and Drilling at its Mt. Todd Gold Project

Vista Gold Corp.

provides an update of activities at its Mt. Todd gold project in Northern Territory, Australia, and Guadalupe de los Reyes gold-silver project in Sinaloa, Mexico. Vista now expects to complete a feasibility study for the Mt. Todd gold project in the first quarter of 2012 and will announce the results as soon as they are available. Recently completed metallurgical testing has resulted in further process improvement and optimization. Additional metallurgical testing is being undertaken to assess the recovery and economic results of the newly optimized operating parameters on a series of samples representative of the Mt. Todd deposit. Vista currently has two core rigs drilling at the Batman deposit. As announced on November 7, 2011, Vista is undertaking a 8,500 meter program with the goal of re-classifying part of the estimated inferred resources lying close to or within the limits of the feasibility study pit shape to measured and indicated resources. As of this date 1,585 meters have been drilled in 3 drill holes. This drilling program is expected to continue through the first quarter of 2012.