Vista Gold Corp. Announces Board of Directors and Corporate Personnel Project, Mexico



    DENVER, Nov. 6 /CNW/ -- Vista Gold Corp. (Amex:   VGZ; TSX) announces that
it is with regret that the Corporation's Board of Directors accepted the
resignation of Robert A. Quartermain from the Board of Directors effective
today. Mr. Quartermain cited pressing business requirements at Silver Standard
Resources, Inc., where he is President and a director; as his reason for
resigning; but announced that he will continue to assist the Corporation over
the next 12 months as Special Advisor to the Board of Directors. On behalf of
the Corporation, the Board of Directors expressed its appreciation for the
services rendered to the Corporation by Mr. Quartermain during his tenure on
the Board.
    As a new independent director, the Board approved the appointment of
Tracy A. Stevenson to the Board of Directors. Mr. Stevenson is a senior mining
executive who worked for Rio Tinto plc and related companies for 26 years
where he served in senior positions in information technology, finance,
planning and business development and has been involved with many major
exploration, development, and financing projects.  Mr. Stevenson has served as
Global Head of Information and Technology and Global Head of Business Process
Improvement for Rio Tinto plc, Senior Vice President Finance and Control at
Kennecott Corporation, and Executive Vice President Financial Services and
Strategy at Comalco Limited. Mr. Stevenson holds a B.Sc. Accounting from the
University of Utah, is a CPA and spent four years with a predecessor to the
firm PriceWaterhouseCoopers LLP.
    The Board also approved the appointment of Michael B. Richings (Chief
Executive Officer) to the additional position of Executive Chairman of the
Board of Directors, the appointment of Frederick H. Earnest (President and
Chief Operating Officer) to the Board of Directors and the promotion of
Kenneth W. Deter (Manager of Engineering and Metallurgy) to Vice President,
Engineering and Metallurgy.
    In other matters, the Board approved funding for the initial development
of the Paredones Amarillos project in Mexico, such funding to include the
purchase of items with long delivery times as they are identified. Vista
completed a preliminary feasibility study in September 2005 (see Vista's press
release of September 26, 2005), which was updated in June 2007 (see Vista's
press release of June 21, 2007) to reflect 1st quarter 2007 cost parameters.
As previously reported by Vista, the updated study indicated that the
Paredones Amarillos project could be developed to produce an average of
113,000 ounces of gold per year for a 12.5 year production life at an average
cash cost of US$358 per ounce with an initial investment of US$110 million.
The project would consist of an open-pit mine with a flotation concentrator
that would produce a concentrate from which gold would be recovered on-site.
The study estimated the internal rate of return before taxes to be 12.5% at a
gold price of US$550 per ounce. At gold prices of around US$650 per ounce, the
return on investment before taxes is estimated at 23.8%. The Corporation is
currently preparing a definitive feasibility study for the project reflecting
an anticipated increased production rate to 130,000-150,000 ounces of gold per
year. The Corporation plans to commence construction on the project in the
second half of 2008.
    The pre-feasibility study prepared in September 2005 is entitled
"Technical Report, Paredones Amarillos Project, Baja California Sur, Mexico"
and dated September 23, 2005.  The June 2007 update of the technical report is
entitled "Updated Technical Report, Paredones Amarillos Project, Baja
California Sur, Mexico" and dated June 20, 2007. Mr. Neil Prenn, P. Eng. of
Mine Development Associates of Reno, Nevada, an independent qualified person,
prepared the technical reports referred to in this press release.
    
    About Vista Gold Corp.
    
    Since 2001, Vista has acquired a number of gold projects with the
expectation that higher gold prices would significantly increase their value.
As gold prices have risen, Vista has completed various preliminary evaluations
that have demonstrated that some of the projects would be potentially viable
operations at current gold prices. Vista is undertaking technical programs to
bring the most advanced projects to the point where decisions can be made to
put these projects into production, either by Vista, or through sale or joint
venture to other mining companies. Vista's holdings include the Paredones
Amarillos and Guadalupe de los Reyes Projects in Mexico, Mt. Todd Project in
Australia, Yellow Pine Project in Idaho, Awak Mas Project in Indonesia, Long
Valley Project in California, and the Amayapampa Project in Bolivia.
    This press release contains forward-looking statements within the meaning
of the U.S. Securities Act of 1933 and U.S. Securities Exchange Act of 1934.
All statements, other than statements of historical facts, included in this
press release that address activities, events or developments that Vista
expects or anticipates will or may occur in the future, including such things
as potential development of the Paredones Amarillos project including
anticipated timing of commencement of construction of the project,
availability of funding for development of the Paredones Amarillos project and
estimates of cash costs and required capital investment for the project,
estimates of production life, rates of production and internal rates of return
if production is commenced at  the Paredones Amarillos project,  Vista's
future business strategy, competitive strengths, goals, operations, plans,
potential project development, future share price and valuation, future gold
prices, Vista's potential status as a producer, and other such matters are
forward-looking statements.  When used in this press release, the words
"estimate", "plan", "anticipate", "expect", "intend", "believe" and similar
expressions are intended to identify forward-looking statements.  These
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of Vista to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements.  Such factors
include, among others, risks relating to delays and occurrence of additional
costs in connection with the feasibility study underway at the Paredones
Amarillos project; uncertainty of feasibility study results and estimates on
which such results are based; risks relating to delays in commencement and
completion of construction at the Paredones Amarillos project;  risks of
shortages of equipment or supplies; risks of inability to achieve anticipated
production volume or manage cost increases; risks that Vista's acquisition,
exploration and property advancement efforts will not be successful; risks
relating to fluctuations in the price of gold; the inherently hazardous nature
of mining-related activities; uncertainties concerning reserve and resource
estimates; potential effects on Vista's operations of environmental
regulations in the countries in which it operates; risks due to legal
proceedings; risks relating to political and economic instability in certain
countries in which it operates; uncertainty of being able to raise capital on
favorable terms or at all; and external risks relating to the economy and
credit markets in general; as well as those factors discussed in Vista's
latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q and other
documents filed with the U.S. Securities and Exchange Commission.  Although
Vista has attempted to identify important factors that could cause actual
results to differ materially from those described in forward-looking
statements, there may be other factors that cause results not to be as
anticipated, estimated or intended.  There can be no assurance that such
statements will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements.  Vista assumes no
obligation to publicly update any forward-looking statements, whether as a
result of new information, future events or otherwise.




For further information:

For further information: Connie Martinez, +1-720-981-1185, for Vista
Gold  Corp. Web Site: http://www.vistagold.com


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