Year End Financial Results & Corporate/Project Update

Year End Financial Results & Corporate/Project Update

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Event Details


Date : March 18th, 2009

Time: 10:00 AM ET

ta Gold Corp. is an international gold mining company based in Littleton, Colorado, with a plus 20-year history of gold exploration, development and operations.

Vista is traded on both the TSX and NYSE Amex under the symbol VGZ. Since 2001, Vista has correctly predicted that gold prices would increase for many years to come, and has acquired a number of gold projects during 2001-2006. During 2006 and 2007, Vista completed transactions that resulted in the formation and successful spin-off to its shareholders of Allied Nevada Gold Corp. Since the spin-off Vista has sold one project and currently holds six projects with an estimated 1.3 million ounces of proven and probable reserves, 10.9 million ounces of measured and indicated resources and 4.3 million ounces inferred.

The definitive feasibility study completed in September 2008 on the Paredones Amarillos Project in Mexico indicated positive results. In December two parcels of land were purchased, one for the process plant and other infrastructure in the project area and the other near the Pacific Ocean for the desalination plant. Vista is currently undertaking programs to advance the Paredones Amarillos Project with the expectation that construction can begin by the end of 2009, subject to the receipt of the final permit and financing.

In January Vista announced the results of the new resource estimate for Mt. Todd. The 2008 drilling program resulted in a 57% increase in gold resources with measured and indicated mineral resources now estimated to be 4.5 million ounces gold. As announced in November 2008, a pre-feasibility study is in progress.

Vistas other holdings include the Yellow Pine Project in Idaho, Guadalupe de los Reyes Project in Mexico, Long Valley Project in California, and Awak Mas Project in Indonesia.