An anonymous director reports

VISTA GOLD CORP. ENTERS INTO ATM AGREEMENT

Vista Gold Corp. has entered into an at-the-market offering agreement with H.C. Wainwright & Co., LLC as sales manager. Under the terms of the ATM agreement, the company will be entitled to sell, at its sole discretion and from time to time as it may choose, common shares in the capital of the company through Wainwright, with such sales having an aggregate gross sales value of up to $10-million (U.S.). The ATM agreement will remain in full force and effect until the earlier of Aug. 31, 2020, or the date that the ATM agreement is terminated in accordance with the terms therein.

Sales of shares, if any, will be made through distributions directly on the NYSE American LLC or other established United States trading market. Under the offering, no offers or sales of shares will be made in Canada, including through the Toronto Stock Exchange or other trading markets in Canada. The shares will be distributed at the market prices prevailing at the time of sale. As a result, prices of shares sold under the offering, if any, may vary between purchasers and distributions.

The offering will be made by way of a prospectus supplement dated Nov. 22, 2017, to the base prospectus contained in the company's existing U.S. shelf registration statement on Form S-3 (File No. 333-218979), which became effective July 5, 2017. The prospectus supplement and the base prospectus have been filed with the United States' Securities and Exchange Commission and are, together with the related registration statement, available on the SEC's website. Alternatively, Wainwright will provide copies of these documents upon request by contacting H.C. Wainwright & Co., LLC, 430 Park Ave., 4th floor, New York, N.Y., 10022.

The company believes that its existing working capital, coupled with potential future sources of non-dilutive financing will be sufficient to cover its fixed costs and project activities, including permitting and completion of the PFS update, for several years. This ATM agreement is a low-cost means of providing additional balance sheet flexibility; however, the company is under no obligation to exercise its right to sell shares under the ATM agreement. If market conditions improve significantly and shares are sold, Vista intends to use the net proceeds for general corporate and working capital purposes.

The company will pay Wainwright a commission equal to 2 per cent of the gross sales price from sales, if any, of the shares sold under the offering.

About Vista Gold Corp.

The company is a well-financed gold project developer. The company's principal asset is its flagship Mt. Todd gold project in Northern Territory, Australia. Mt. Todd is one of the largest undeveloped gold projects in Australia.

We seek Safe Harbor.