Mr. Fred Earnest reports

VISTA GOLD CORP. GRANTS SIX MONTH EXTENSION FOR FINAL PAYMENT FOR THE LOS CARDONES PROJECT AND WILL RECEIVE US$0.5 MILLION CASH PAYMENT

Vista Gold Corp. has agreed to extend the due date for the second (and final) $6.0-million (U.S.) payment for the Los Cardones gold project in Baja California Sur, Mexico, by six months to Jan. 30, 2015, and will receive a $500,000 (U.S.) cash payment.

On Oct. 18, 2013, the company announced the closing of the sale of the Los Cardones gold project in Baja California Sur, Mexico, to the Invecture Group and RPG Structured Finance Sarl for $13.0-million (U.S.). Terms of the sale included $7.0-million (U.S.) paid at closing and an optional second payment of $6.0-million (U.S.), due by Jan. 30, 2014. The purchasers have the option to elect, in their discretion, not to make the subsequent payment, in which case Vista would retain all amounts already paid and the project.

In January, 2014, Vista and the purchasers agreed to extend the due date of the subsequent payment to July 31, 2014. As consideration for this extension, the purchasers agreed to pay Vista an additional $250,000 (U.S.) on July 31, 2014. As Invecture diligently continues to work through the permitting process, Vista and the purchasers have agreed to an additional six-month extension of the due date of the subsequent payment to Jan. 30, 2015. The purchasers will pay Vista $250,000 (U.S.) as consideration for the second extension. The company expects to receive $500,000 (U.S.) (comprising the first extension consideration and the second extension consideration) by July 31, 2014.

Vista's president and chief executive officer, Fred Earnest, stated: "We are satisfied that Invecture continues to employ its resources in advancing the Los Cardones gold project and is working diligently to obtain the permits for the project. The $500,000 (U.S.) payment we will receive from the purchasers demonstrates their continued commitment to the project."

We seek Safe Harbor.