Vista Gold Corp. Reports Progress at Paredones Amarillos Project



    DENVER, Oct. 17 /CNW/ -- Vista Gold Corp. (Amex:   VGZ; TSX) announced
today that it has selected the following consulting firms to assist in
preparation of a definitive feasibility study for its Paredones Amarillos
Project in Baja California, Mexico.  Research Development Inc. of Lakewood,
Colorado, is to complete the confirmatory metallurgical testing program and
define the process flow sheet.  Mine Development Associates of Reno, Nevada,
is to update the mineral resource estimate, determine proven and probable
reserves, prepare the mine plan and estimate the mine capital and operating
costs.  KD Engineering of Tucson, Arizona, will be responsible for processing
engineering/design, infrastructure engineering/design and estimating the
processing capital and operating costs. Golder Associates, Inc. of Tucson,
Arizona, is to manage geotechnical investigations and test work, provide
guidance for the design of structural foundations, determine the most suitable
method for disposal of the barren mill flotation tailings with the mine waste
rock and design the tailings storage facility including preparing the
associated capital and operating cost estimates.  SRK Consulting (US), Inc.
("SRK") will be responsible for the pit slope stability determinations and has
been retained to determine the optimum source of water for the project
including the use of municipal waste water and desalinized or partially
desalinized sea water.  As previously announced (see press release of August
13, 2007), SRK was engaged to manage the preparation of the definitive
feasibility study as well as undertake an economic analysis of the project and
compile the final report.
    As also mentioned in the August 13 press release, Corporacion Ambiental
de Mexico, S.A. de C.V. ("CAM") has been retained to manage the environmental
permitting activities for the project.  CAM is a full-service environmental
firm headquartered in Mexico City with experience in mining project permitting
in Baja California.  CAM recently reported to Vista that the environmental and
change of land use permits issued to Echo Bay Mines when it held the project
are still valid.   The Corporation has presented all of the studies and
permitting documents for its proposed metallurgical core drilling program and
anticipates that it will receive the required permits. When the permits are
received, Vista plans to expedite the start of drilling and the related
confirmatory metallurgical test program, which is expected to be completed in
the first quarter of 2008.
    Fred Earnest, President and COO commented, "Vista is pleased to have this
team of consultants selected for the preparation of the Paredones Amarillos
Definitive Feasibility Study.  Each company selected to participate in this
study has demonstrated strength in their area of expertise.  We believe that
the combined experience of this team of consultants will result in a quality
feasibility study."
    
    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 the performance of and results of the planned bankable feasibility study
for the Paredones Amarillos Project, receipt of required environmental and
other permits for the project, timing for starting and completion of drilling
and testing programs, 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 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 the securities commissions in Canada.  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, 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 of Vista Gold Corp., 
+1-720-981-1185 Web Site: http://www.vistagold.com


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