Vista Gold Corp. Announces Voting Results of the Annual General Meeting and Special Meeting of Shareholders

DENVER – Vista Gold Corp. (“Vista” or the “Company”) (NYSE American and TSX: VGZ) today announced the voting results of its annual meeting of shareholders and special meeting of stockholders held on Tuesday, April 30, 2024 (the “General Meeting”) or “Meeting “).

A total of 69,554,939 common shares of the Company (“Common Shares”) were represented at the Meeting, representing 57.23% of the Common Shares. The detailed results of the votes for the election of directors are as follows:

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In addition, at the meeting, shareholders appointed Davidson & Company LLP as the Company’s auditors and adopted an ordinary resolution to approve, on an advisory basis, the compensation of the Company’s named executive officers.

The Company received feedback from shareholders in this regard to approve all unvested options under the Company’s Stock Option Plan. Management plans to take time to review the feedback received. Accordingly, this matter was not discussed at the meeting.

About Vista Gold Corp.

Vista is a gold project developer. The Company’s flagship asset is Mt Todd, located in the mining-friendly jurisdiction of the Northern Territory, Australia. Located approximately 250km southeast of Darwin, Mt Todd represents one of the greatest development potentials in Australia and has compelling economic considerations. All key environmental and operational approvals required to begin development of Mt Todd have been obtained.

Mt Todd benefits from its location in a leading mining region and provides opportunities for value creation through mineral reserve growth, alternative development strategies and other risk mitigation activities.

For more information about Vista or Mt Todd, please contact Pamela Solly, Vice President of Investor Relations, at (720) 981-1185 or visit the Company’s website at www.vistagold.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the US Securities Act of 1933, as amended, and the US Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning of Canadian securities laws. All statements contained in this press release, other than statements of historical fact, address activities, events or developments that we expect or believe will occur or occur in the future, including such things as management’s plan , to take time to consider feedback received from our shareholders on this matter in order to approve any unvested options under the Company’s stock option plan; our belief that Mt Todd represents one of Australia’s greatest development opportunities and has compelling economic prospects; and our belief that Mt Todd will benefit from its location in a leading mining region and provide opportunities to create value through the growth of mineral reserves, alternative development strategies and other risk-reducing activities, are forward-looking information. The material factors and assumptions used in developing the forward-looking statements and forward-looking information contained in this press release include the following: our projections and expected cash flows; our anticipated capital and operating costs; our expectations regarding mining and metallurgy recovery; mine life and production rates; that laws or regulations affecting mine development or mining activities remain consistent; our approved business plans, our mineral resource and reserve estimates and results of preliminary economic assessments; Pre-feasibility studies and feasibility studies on our projects, if any; our experience with regulatory authorities; our experience and knowledge of the Australian mining industry and our expectations of the economic situation and the price of gold. This press release uses the words “optimistic,” “potential,” “indicate,” “expect,” “intend,” “hope,” “believe,” “may,” “will,” “if.” “Expect” 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 that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such statements. These factors include, among others, the uncertainty of resource and reserve estimates, uncertainty regarding the Company’s future operating costs and ability to raise capital; risks related to increases in capital and operating costs; risks of shortages and fluctuating costs of equipment or supplies; risks associated with fluctuations in the price of gold; the inherently dangerous nature of mining-related activities; possible impact on our business of environmental regulations in the countries in which we operate; risks arising from litigation; risks related to political and economic instability in certain countries in which the Company operates; uncertainty regarding the results of large-scale metallurgical test work; Uncertainty regarding completion of critical milestones for Mt Todd; and the factors discussed under the headings “Note Regarding Forward-Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K filed in March 2024 and other documents filed with the U.S. Securities and Exchange Commission Canadian securities regulators. Although we have attempted to identify important factors that could cause actual results to differ materially from those described in the forward-looking statements and forward-looking information, there may be other factors that cause results not to meet expectations or estimates or intentions correspond. Except as required by law, we undertake no obligation to publicly update any forward-looking statements or forward-looking information; whether due to new information, future events or otherwise.