Vista Gold Corp. Announces Completion of Acquisition of Properties Adjacent to the Guadalupe de los Reyes Project in Mexico



    DENVER, Jan. 24 /CNW/ -- Vista Gold Corp. (Amex:   VGZ; TSX) is pleased to
announce that it has completed the acquisition of interests in various mineral
properties adjacent to Vista's Guadalupe de los Reyes Project in Sinaloa,
Mexico, as previously announced on December 19, 2007.  This acquisition has
the effect of consolidating Vista's land position in this area.  The
consideration paid by Vista for the acquisition of these interests included
cash payments totaling US$451,821 and the issuance of a total of 213,503
common shares of Vista, to various parties. Additional information regarding
this transaction and the properties acquired by Vista is set out in Vista's
December 19, 2007 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.
Vista has recently completed a preliminary feasibility study on the Paredones
Amarillos Project in Mexico that indicated positive results at gold prices
lower than those now prevailing. Vista plans to confirm these results with
definitive feasibility studies in 2008. Vista is undertaking programs to
advance the Paredones Amarillos Project, including the purchase of long
delivery equipment items, so that construction can begin during the second
half of 2008. The results of a preliminary assessment completed in 2007 on the
Mt. Todd Project in Australia were encouraging and additional technical
studies are underway with a definitive feasibility study planned for
completion by mid-2009. Vista's other holdings include the Guadalupe de los
Reyes Project in Mexico, Yellow Pine Project in Idaho, Awak Mas Project in
Indonesia, Long Valley Project in California, and 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
and forward-looking information within the meaning of Canadian securities
laws.  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 previously announced matters concerning the Guadalupe de los Reyes property
including estimates of gold and silver mineralization at the property,
potential for economic gold and silver grades and potential to add to gold and
silver resource estimates at the property, potential for open-pit mining at
certain targets in the property, Vista's plans for exploration of the
property, exploration and development opportunities at the property, potential
extensions of known mineralization and identification of targets for new
mineralization at the property, potential for development of an operating mine
at the property, plans for feasibility studies, preliminary feasibility study
results for the Paredones Amarillos Project, and plans for a definitive
feasibility study and for construction and development activities at the
Paredones Amarillos Project, plans for evaluation of the Mt. Todd Project
including preliminary assessment results and plans, timing and results for a
definitive feasibility study to be undertaken at the Mt. Todd 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 and forward-looking information.  When used in this
press release, the words "estimate", "plan", "anticipate", "expect", "intend",
"believe" and similar expressions are intended to identify forward-looking
statements and forward-looking information.  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
statements.  Such factors include, among others, uncertainty of preliminary
assessment results and of feasibility study results and estimates on which
such results are based; risks relating to scheduling for feasibility studies;
risks relating to cost increases for capital and operating costs including
cost of power; 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; and uncertainty of being able to raise capital
on favorable terms or at all; 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 and Canadian
securities commissions.  Although Vista has attempted to identify important
factors that could cause actual results to differ materially from those
described in forward-looking statements and forward-looking information, 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 or forward-looking information, whether
as a result of new information, future events or otherwise.
    For further information, please contact Connie Martinez at (720)
981-1185, or visit the Vista Gold Corp. website at http://www.vistagold.com




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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