An anonymous director reports

VISTA GOLD CORP. COMPLETES PREVIOUSLY ANNOUNCED US$17.3 MILLION BOUGHT DEAL OFFERING OF UNITS

Vista Gold Corp. has closed its previously announced public offering of units made pursuant to an underwriting agreement dated Aug. 2, 2016, between the company and Cantor Fitzgerald Canada Corp. and Rodman & Renshaw (a unit of H.C. Wainwright & Co. LLC), acting as co-lead underwriters and joint book-running managers, and Sprott Private Wealth LP, Roth Capital Partners, LLC and Jet Capital Advisors LLC as co-managers.

Pursuant to the offering, the company sold an aggregate of 12,362,500 units at a price of $1.40 (U.S.) per unit for gross proceeds of $17,307,500 (U.S.). The units sold include 1,612,500 units sold pursuant to the exercise, in full, of the overallotment option that was granted to the underwriters. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one share at the exercise price of $1.92 (U.S.) per share, subject to adjustment in certain circumstances, for a period of 36 months after the closing of the offering.

The company intends to allocate the net proceeds from the offering to pursue completion of the permitting and to perform selected technical studies that the company believes will further derisk the Mount Todd gold project, enhance the Mount Todd project economics, and prepare the project for development if and when economic conditions warrant. Remaining proceeds will be used for working capital requirements and/or for other general corporate purposes, which include continuing regulatory, legal and accounting expenses, management and administrative expenses, and other corporate initiatives.

The offering was completed by way of a prospectus supplement and an accompanying short form base shelf prospectus in all of the provinces of Canada, other than Quebec, and was offered in the United States pursuant to a prospectus supplement to the company's effective shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission.

We seek Safe Harbor.