Vista Gold Corp. Receives $1.5 Million Guadalupe de los Reyes Payment
__________________ NEWS _________________
Vista Gold Corp. Receives $1.5 Million Guadalupe de los Reyes Payment
Denver, Colorado, July 20, 2020 – Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the
“Company”) today announced receipt of the final $1.5 million payment (“Purchase Price Payment”) from
Prime Mining Corp. (“Prime Mining”) and through its wholly-owned subsidiary, Minera Gold Stake, S.A.
de C.V. (“MGS”), has executed a transfer agreement that assigns MGS’s legal title to the claims covering
the Guadalupe de los Reyes gold / silver project to a subsidiary of Prime Mining.
As previously announced on June 15, 2020 ( see news release), Prime Mining is required to pay Vista an
additional $2.1 million in lieu of being granted certain royalties and back-in rights:
$1,100,000 no later than six months from receipt of the Purchase Price Payment; and
$1,000,000 no later than twelve months from receipt of the Purchase Price Payment.
If Prime Mining fails to make the two payments, Vista will have the right to reinstate its royalties and back-
in rights.
All dollar amounts in this press release are in U.S. dollars.
About Vista Gold Corp.
The Company is a gold project developer. The Company’s flagship asset is the Mt Todd gold project in
Northern Territory, Australia. Mt Todd is the largest undeveloped gold project in Australia and if
developed as presently designed, would potentially be Australia’s 6 th largest gold producer on an annual
basis.
For further information about Vista or the Mt Todd Gold Project, please contact Pamela Solly, Vice
President of Investor Relations, at (720) 981-1185 or visit the Company’s website at www.vistagold.com
to access important information, including the current Technical Report.
Forward Looking Statements
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 we expect or anticipate
will or may occur in the future, including such things as our expectation that we will receive $1,100,000 no later than six months from the
receipt of the Purchase Price Payment and $1,000,000 no later than twelve months from the receipt of the Purchase Price Payment, our ongoing
efforts to seek development of Mt Todd to potentially be Australia’s 6 th largest gold producer are forward-looking statements and forward-
looking information. The material factors and assumptions used to develop the forward-looking statements and forward-looking information
contained in this press release include the following: our discussions and contractual arrangements with Prime Mining, our reliance that Prime
Mining will be able to raise funds to finance its business plans; our approved business plans, exploration and assay results, results of our test
work for process area improvements, mineral resource and reserve estimates and results of preliminary economic assessments, prefeasibility
studies and feasibility studies on our projects, if any, our experience with regulators, and positive changes to current economic conditions and
the price of gold. When used in this press release, the words “optimistic,” “potential,” “indicate,” “expect,” “intend,” “hopes,” “believe,”
“may,” “will,” “if,” “anticipate,” and similar expressions are intended to identify forward-looking statements and forward-looking information.
7961 Shaffer Parkway
Suite 5
Littleton, CO 80127
Phone: 720-981-1185 Trading Symbol: VGZ
NYSE American and TSX Stock Exchanges
These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of the Company 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 and reserve estimates, uncertainty as to the Company’s future operating
costs and ability to raise capital; risks relating to cost increases for capital and operating costs; 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 our 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; uncertainty as to the results of bulk metallurgical test work; and
uncertainty as to completion of critical milestones for Mt Todd; as well as those factors discussed under the headings “Note Regarding
Forward-Looking Statements” and “Risk Factors” in the Company’s latest Annual Report on Form 10-K as filed February 26, 2020 and other
documents filed with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities. Although we have
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, we assume no obligation to publicly update any forward-looking statements or forward-looking information; whether as a
result of new information, future events or otherwise.