Vista Gold Corp. (TSX &
AMEX: VGZ) ("Vista" or the "Corporation") is pleased
to announce that its Board of Directors has approved the appointment of Nicole Adshead-Bell to the Board.
Dr. Adshead-Bell
has a successful career in capital markets, most recently as Managing Director,
Investment Banking, Haywood Securities Inc. She also worked as a mining
analyst with Dundee Securities Corporation and Sun Valley Gold LLC. Earlier in
her career she was responsible for various exploration projects and was an
independent consultant in the fields of structural and economic geology. She
has Ph.D., Honours and B.Sc. degrees in Geology from
James Cook University, Queensland, Australia.
Mike Richings,
Executive Chairman and CEO said; "We are very pleased to have Nicole join
our Board. We believe her strong background in geology and her extensive
financial sector experience will allow her to make a significant contribution
to the Board and the Corporation, particularly as we continue to advance our
large Mt. Todd gold project in the Northern Territory in Australia."
About
Vista Gold Corp.
During the period
2002-2006, Vista strategically acquired a number of gold properties containing
well understood and defined mineral resources. In 2007, Vista completed a
transaction, in which Vista contributed its Nevada gold mining interests to Allied Nevada Gold Corp. ("ANV") (a company formed
by Vista). Following the formation of ANV, Vista made a substantial return to
its shareholders in the form of common shares of ANV which were distributed to
the shareholders of record at the time of the transaction. Since that time,
Vista has been focused on adding value to its remaining properties through
transactions and advancing the Mt. Todd gold project in Northern Territory,
Australia, and the Concordia gold project in Baja California Sur, Mexico,
toward production decisions. Recently, Vista added substantially to its balance
sheet through its investment in Midas Gold Corp. ("Midas"). In April
2011, Vista participated in a transaction that combined Vista's holdings in Idaho
with that of Midas Gold, Inc. to form Midas. Vista's other holdings include the
Guadalupe de los Reyes gold-silver project in Mexico, the Awak
Mas gold project in Indonesia, and the Long Valley gold project in California.
This press release contains
forward-looking statements within the meaning of the U.S. Securities Act of
1933, as amended, and U..S. Securities Exchange Act of
1934, as amended, 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, the director's ability to make a
significant contribution to the board of directors, the advancement of the Mt.
Todd and Concordia gold projects towards production decisions, Vista's
continuing efforts to add value to its properties, and other such matters are
forward-looking statements and forward-looking information. When used in
this press release, the words "optimistic," "potential, "
"indicate, " "expect, " "intend, " "hopes,
" "believe, " "may, "will, ", "could",
"if, " "anticipate, " 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, uncertainty of resource estimates, estimates of results
based on such resource estimates; risks relating to cost increases for capital
and operating costs; risks related to the ability to obtain the necessary
permits, risks of shortages and fluctuating costs of equipment or supplies;
risks relating to fluctuations in the price of gold; the inherently hazardous
nature of mining-related activities; 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; as well as those factors discussed
under the headings "Note Regarding Forward-Looking Statements" and
"Risk Factors" in Vista's latest Annual Report on Form 10-K as filed
on March 14, 2011 and Quarterly Report on From 10-Q, as filed on May 10, 2011,
and other documents filed with the U.S. Securities and Exchange Commission and
Canadian securities regulatory authorities. 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. 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.