Vista Gold Announces Closing of Offering of Common Shares

Vista Gold VGZ is pleased to announce that it has closed its previously announced offering of 9,000,000 common shares of Vista at a price of C$3.30 per Common Share for aggregate gross proceeds to the Company of C$29,700,000. The Offering was completed on a bought deal basis with GMP Securities L.P. and Wellington West Capital Markets Inc. as underwriters. The Common Shares were sold in Canada by way of a prospectus supplement to Vista's existing base shelf prospectus dated April 27, 2009 and filed with the securities commissions in all of the provinces and territories of Canada (other than the Province of Quebec) and were sold in the United States by way of a prospectus supplement to the Company's base shelf prospectus included in the Company's shelf registration statement filed with the U.S. Securities and Exchange Commission on April 27, 2009.