About Vista Gold

Vista Gold Corp. and its subsidiaries operate in the gold mining industry. The company focuses on evaluation, acquisition, exploration and advancement of gold exploration and potential development projects which may lead to gold production or value adding strategic transactions, such as earn-in right agreements, option agreements, leases to third parties, joint venture arrangements with other mining companies, or outright sales of assets for cash and/or other consideration. The company looks for opportunities to improve the value of its gold projects through exploration drilling and/or technical studies focused on optimizing previous engineering work. The company's flagship asset is its 100% owned Mt Todd gold project (Mt Todd or the Project) in Northern Territory, Australia (NT). With the approval of the Mining Management Plan (MMP) in June 2021, all major operating and environmental permits for Mt Todd have been received. Mt Todd is one of the largest and most advanced undeveloped gold projects in Australia. Mt Todd Gold Project, Northern Territory, Australia The company has one material mining property, the Mt Todd gold project located in the Northern Territory of Australia. The company holds Mt Todd through its wholly owned subsidiary Vista Gold Australia Pty. Ltd. (Vista Gold Australia). The Mt Todd gold project is a development stage property. Government Regulation The company must comply with the terms of its Authority Certificate under the Northern Territory Aboriginal Sacred Sites Act 1989 which deals with the handling of archeological material and sacred sites. The company is also subject to statutory requirements under the Mining Management Act, which includes the requirement to receive authorization of a Mining Management Plan (MMP) before the start of mining operations. The MMP was approved by the Northern Territory Department of Industry, Tourism and Trade (DITT) in June 2021 and is being amended to align with the larger-scale design in the Mt Todd FS. History The company was founded in 1983. It was incorporated in 1983 under the name 'Granges Exploration Ltd'. It amalgamated with Pecos Resources Ltd. during June 1985 and continued as Granges Exploration Ltd. In June 1989, Granges Exploration Ltd. changed its name to Granges Inc. Granges Inc. amalgamated with Hycroft Resources & Development Corporation during May 1995 and continued as Granges Inc. Effective November 1996, Da Capo Resources Ltd. and Granges, Inc. amalgamated under the name 'Vista Gold Corp.', and effective December 1997, the company continued from the province of British Columbia to the Yukon Territory, Canada under the Business Corporations Act (Yukon Territory). On June 11, 2013, the company continued from the Yukon Territory, Canada to the province of British Columbia, Canada under the Business Corporations Act (British Columbia).