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VISTA GOLD CORP. (TSE:VGZ) Files An 8-K Results of Operations and Financial Condition

VISTA GOLD CORP. (TSE:VGZ) Files An 8-K Results of Operations and Financial Condition

Item 2.02Results of Operation and Financial Condition

On February 22, 2017, the registrant provided an overview of the
Companys audited financial results and highlights for the fiscal
year ended December 31, 2016. The Companys full financial results
can be found in the Companys Annual Report on Form 10-K, filed
with the U.S. Securities and Exchange Commission (the SEC) and
the Canadian securities regulatory authorities on February 22,
2017.

Summary of 2016 Financial Results

We reported a net loss of $3.1 million or $0.04 per share for the
year ended December 31, 2016. This includes $7.7 million of
operating expenses; a $3.2 million mark-to-market gain on our
investment in Midas Gold Corp.; $1.3 million of payments received
from the Australian Government under a research and development
incentive program for qualifying costs incurred in 2014 and 2015;
and $0.1 million of other income.

Our working capital at December 31, 2016 totaled approximately
$28.4 million, including cash and short-term investments
(comprised of government securities) of approximately $23.9
million. The 2016 increase in working capital and cash resulted
mainly from our August 2016 public equity financing which
provided net cash proceeds of $15.9 million. The Company
currently has no debt.

Frederick H. Earnest, President and Chief Executive Officer,
commented, With the equity offering completed in August 2016, we
believe we have sufficient working capital to fund our fixed
costs for several years in addition to continuing to execute
selected optimization programs and completing all of the critical
milestones necessary to advance our Mt Todd project to the point
of a development decision.In the near-term, we plan to complete
feasibility-study level testing of the ore screening and sorting
processes and grind size optimization testing which we expect
will confirm the potential process improvements we reported in
our press release dated November 28, 2016.Following completion of
these tests, we anticipate updating our 2013 Preliminary
Feasibility Study to reflect improvements in the USD:AUD exchange
rate, the results of process flowsheet optimizations and other
cost reductions that are expected to have an impact on the Mt
Todd project economics. We continue to focus on obtaining the
authorizations for the Mt Todd project and have begun drafting
the mine management plan (MMP), which is one of the final
remaining major permits for Mt Todd.

To review the Company’s Annual Report on Form 10-K for the year
ended December 31, 2016, including the related Management’s
Discussion and Analysis, visit any of the following websites:
www.sedar.com, www.sec.gov or www.vistagold.com.

All dollar amounts in the report are U.S. dollars.

Management Conference Call

A conference call with management to review our financial results
for the fiscal year ended December 31, 2016 and to discuss
corporate and project activities is scheduled for Friday,
February 24, 2017 at 9:00 a.m. MST.

Toll-free in North America: 1-866-233-5249

International: 416-642-3300

This call will also be web-cast and can be accessed at the
following web location:

http://event.on24.com/r.htm?e=1374526s=1k=1224AF51400B08D9C5CB5B5CF1D56762

This call will be archived and available at www.vistagold.com
after February 24, 2017.Audio replay will be available for 21
days by calling toll-free in North America: 1-888-203-1112,
passcode 7768751.

If you are unable to access the audio or phone-in on the day of
the conference call, please email questions to Connie Martinez,
Manager Investor Relations (email: connie@vistagold.com), and we
will try to address these questions during the conference call.

This report contains forward-looking statements within the
meaning of the U.S. Securities Act of 1933, as amended, and

U.S. Securities Exchange Act of 1934, as amended, and
forward-looking information within the meaning of Canadian
securities laws.All statements, other than statements of
historical facts, included in this report that address
activities, events or developments that we expect or anticipate
will or may occur in the future, including such things asour
belief we have sufficient working capital to fund our fixed
costs for several years in addition to continuing to execute
selected optimization programs and completing all of the
critical milestones necessary to advance Mt Todd to the point
of a development decision; our plan to complete
feasibility-study level testing of the ore screening and
sorting processes and grind size optimization testing which we
expect will confirm the positive results we reported in our
press release November 28, 2016; our plan to update our 2013
Preliminary Feasibility Study to reflect improvements in the
USD:AUD exchange rate, the results of process flowsheet
optimizations and other cost reductions that are expected to
have an impact on the Mt Todd project economics; and our belief
that the mine management planis one of the final remaining
major permits for Mt Toddand other such matters are
forward-looking statements and forward-looking information.The
material factors and assumptions used to develop the
forward-looking statements and forward-looking information
contained in this report include the following: our approved
business plans, exploration and assay results, mineral resource
and reserve estimates, results of optimization studies and
results of preliminary economic assessments, technical studies,
pre-feasibility studies and feasibility studies on our
projects, if any, our experience with regulators, and positive
changes to current economic conditions, foreign exchange rates
and the price of gold.When used in this report, the words
optimistic, potential, indicate, expect, intend, hopes,
believe, may, will, if, anticipate, 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 the Company
to be materially different from any future results, performance
or achievements expressed or implied by such statements.Such
factors include, among others, uncertainty of resource and
reserve estimates, uncertainty as to the Companys future
operating costs and ability to raise capital; risks relating to
cost increases for capital and operating costs; risks of
shortages and fluctuating costs of equipment or supplies; risks
relating to fluctuations in the price of gold; the inherently
hazardous nature of mining-related activities; potential
effects on our 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; as well as those factors
discussed under the headings Note Regarding Forward-Looking
Statements and Risk Factors in the Companys latest Annual
Report on Form 10-K as filed on February 22, 2017 and other
documents filed with the U.S. Securities and Exchange
Commission and Canadian securities regulatory
authorities.Although we have 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.Except as required by law, we assume no obligation to
publicly update any forward-looking statements or
forward-looking information; whether as a result of new
information, future events or otherwise.

In accordance with General Instruction B.2 of Form 8-K, the
information in this Item 2.02 shall not be deemed to be filed
for purposes of the Securities Exchange Act of 1934, as
amended, and shall not be incorporated by reference into any
registration statement or other document filed under the
Securities Act of 1933, as amended, or the Exchange Act, except
as shall be expressly set forth by specific reference in such
filing.

Item 7.01Regulation FD

On February 22, 2017, the registrant provided an overview of
the Companys audited financial results and highlightsfor the
fiscal year ended December 31, 2016.A copy of the press release
is attached to this report as Exhibit99.1. In accordance with
General Instruction B.2 of Form8-K, the information set forth
herein and in the press release is deemed to be furnished and
shall not be deemed to be filed for purposes of the Securities
Exchange Act of 1934, as amended and shall not be incorporated
by reference into any registration statement or other document
filed under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by
specific reference in such filing.The information set forth in
Item 7.01 of this report shall not be deemed an admission as to
the materiality of any information in this report on Form8-K
that is required to be disclosed solely to satisfy the
requirements of Regulation FD.

Item 9.01Exhibits

Exhibit No.Description

99.1Press Release dated February 22, 2017*

*The Exhibit relating to Item 7.01 is intended to be furnished
to, not filed with, the SEC to Regulation FD.

In accordance with the requirements of the Securities and
Exchange Act of 1934, the Registrant has duly caused this
report to be signed on its behalf by the undersigned thereunto
duly authorized.

VISTA GOLD CORP. (Registrant)

Dated: February 24, 2017

By: /s/John F. Engele

John F. Engele

Chief Financial Officer

EXHIBIT INDEX

Exhibit No.Description

99.1Press Release dated February 22, 2017*

*The Exhibit relating to Item 7.01 is intended to be furnished
to, not filed with, the SEC

About VISTA GOLD CORP. (TSE:VGZ)
Vista Gold Corp. is engaged in the gold mining industry. The Company is focused on the evaluation, acquisition, exploration and advancement of gold exploration. The Company operates in the segment of evaluation, acquisition and exploration activities, which are focused principally in Australia and North America. The Company’s assets include the Mt Todd gold project in Northern Territory, Australia; interest in Midas Gold Corp.; non-core projects in Mexico and the United States, and royalty interests in project in Mexico and Indonesia. The Mt Todd gold project is located approximately 60 kilometers by road northwest of Katherine, Northern Territory, Australia, and over 250 kilometers southeast of Darwin. The Company operates Mt Todd gold project through its subsidiary, Vista Gold Australia Pty. Ltd (Vista Gold Australia). Total land holdings controlled by Vista Gold Australia are approximately 140,000 hectares. VISTA GOLD CORP. (TSE:VGZ) Recent Trading Information
VISTA GOLD CORP. (TSE:VGZ) closed its last trading session 00.00 at 1.39 with 19,150 shares trading hands.

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