Vista Gold Corp. Begins Bankable Feasibility Study for Paredones Amarillos Project



    DENVER, Aug. 13 /CNW/ -- Vista Gold Corp. (Amex:   VGZ; TSX) announced
today that it has engaged SRK Consulting (US), Inc. to manage the preparation
of a bankable feasibility study for its Paredones Amarillos Project in Baja
California, Mexico.  SRK is engaged to define the scope of work for the
various consultants' studies, review and audit their work, undertake an
economic analysis of the project, and compile and edit the final report.  Fred
Earnest, President and COO commented, "We believe that SRK's role in
coordinating and reviewing the work of other qualified consultants will allow
us to capitalize on the collective experience of many respected experts and
will result in a quality feasibility study.  We are pleased to have a company
with SRK's technical expertise on our team."
    In other news related to the Paredones Amarillos Project, Vista announced
that Arturo Montano Munguia has been named as the Project Development Manager
for the Paredones Amarillos Project.  Mr. Montano is a Mexican national with
over 30 years of mining industry experience with North American and Mexican
mining companies.  Mr. Earnest noted, "In the short time that Arturo has been
part of our team, he has quickly assessed the current project status and begun
laying the foundation for the execution of our development strategy for the
Paredones Amarillos Project."  Under Mr. Montano's direction, Vista has
retained Corporacion Ambiental de Mexico, S.A. de C.V. ("CAM") to manage the
environmental permitting activities for the Paredones Amarillos Project.  CAM
is a full-service environmental firm headquartered in Mexico City with
experience in mining project permitting in Baja California.
    Mike Richings, CEO of Vista stated that, "We believe these are key first
steps taken by Vista toward the development of the Paredones Amarillos
Project. During the coming months we plan to award contracts for detailed mine
planning, process design, tailings impoundment design and other studies
related to the feasibility design and evaluation process."
    
    About Vista Gold Corp.
    
    Since 2001, Vista has acquired a number of proven 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, 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.  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, +1-720-981-1185, for Vista
Gold  Corp. Web Site: http://www.vistagold.com


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