Ms. Pamela Solly reports

VISTA GOLD CORP. FILES FEASIBILITY STUDY UPDATE FOR THE MT TODD GOLD PROJECT

Vista Gold Corp. has filed the feasibility study update for its Mount Todd gold project located in Northern Territory, Australia, in accordance with Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects) disclosure standards on SEDAR+. As previously reported, a feasibility study update was undertaken in conjunction with the company's annual reporting of its mineral resources and mineral reserves disclosed in the technical report summary (the S-K 1300 report) filed with the U.S. Securities and Exchange Commission as an exhibit to the annual report on Form 10-K filed on March 14, 2024, pursuant to item 1300 of Regulation S-K under the Securities Exchange Act of 1934, as amended.

The NI 43-101 report reflects changes in project economics since the feasibility study report filed in February, 2022. Material capital and operating cost components have been updated with quotes obtained during the first quarter of 2024. The NI 43-101 report also reflects the current outlook for the long-term gold price and foreign exchange rates and the recently announced royalty. Mount Todd mineral resources and mineral reserves, mine plans, gold recoveries, and gold production schedules remain unchanged. The technical data and economic conclusions of the NI 43-101 report are materially identical to the results of the S-K 1300 report, with differences in the formatting of the reports and details of certain assumptions resulting only from the respective disclosure requirements of NI 43-101 and S-K 1300. Please refer to the company's news release dated March 13, 2024.

Mount Todd technical report filings

The S-K 1300 report was filed as exhibit 96.1 to the annual report and is titled "S-K 1300 Technical Report Summary -- Mount Todd Gold Project -- 50,000 tpd Feasibility Study -- Northern Territory, Australia," with an effective date of March 12, 2024. The S-K 1300 report and the annual report are available on EDGAR. The NI 43-101 report was filed on SEDAR+ on April 16, 2024, and is titled "NI 43-101 Technical Report -- Mount Todd Gold Project -- 50,000 tpd Feasibility Study -- Northern Territory, Australia," with an effective date of March 12, 2024. The NI 43-101 report is available on SEDAR+. Both reports may also be found on Vista's website.

John Rozelle, a qualified person as defined by S-K 1300 and NI 43-101, has verified the data underlying the information contained in and has approved this press release.

About Vista Gold Corp.

Vista is a gold project developer. The company's flagship asset is Mount Todd, located in the mining-friendly jurisdiction of Northern Territory, Australia. Situated approximately 250 kilometres southeast of Darwin, Mount Todd is one of the largest development-stage opportunities in Australia and demonstrates compelling economics. All major environmental and operating permits necessary to initiate development of Mount Todd are in place.

Mount Todd benefits from its location in a leading mining jurisdiction, and offers opportunities to add value through growth of mineral reserves, alternative development strategies and other derisking activities.

We seek Safe Harbor.