DENVER, July 9, 2012 /PRNewswire/ -- Vista Gold
Corp. (TSX & NYSE MKT: VGZ) ("Vista" or the
"Company") today announced the appointment of Seth L. Foreman as Vista's Vice President
Corporate Development. Mr. Foreman will report to Vista's
Chief Financial Officer, Jack
Engele, and will focus on corporate strategic planning,
evaluation of new business opportunities, and the Company's efforts
to secure project financing for the Mt. Todd gold project in
Australia. Given Mr. Foreman's strong background in investor
relations for both junior and major mining companies, he will also
play an important role in Vista's efforts to identify and attract
new investors and analysts. Prior to his appointment, Mr.
Foreman served as Director of Investor Relations and Business
Development for General Moly Inc. Previously, Mr. Foreman
worked for Newmont Mining Corporation where he held the positions
of Manager of Investor Relations and Manager of Strategic
Communications and Public Affairs. Mr. Foreman holds an MBA
in Finance from the University of
Denver and a Bachelor of Arts in Economics from Bucknell University.
Vista's President and Chief Executive Officer, Fred Earnest, commented, "We are very pleased to
have Seth join our team as VP Corporate Development. As we
continue to advance the development of the Mt. Todd gold project,
we believe Seth will be an excellent complement to our existing
technical team and will help us achieve our goal to deliver this
world class gold project to production, and also help to grow the
Company through new business opportunities and enhanced market
visibility."
About Vista Gold Corp.
Vista is focused on the development of the Mt. Todd gold
project in Northern Territory, Australia, to achieve its goal of becoming a
gold producer. Vista is advancing exploration on its Guadalupe de los Reyes gold/silver project in
Mexico and has granted Invecture
Group, S.A. de C.V. a right to earn a 62.5% interest in the
Concordia gold project in
Mexico. Vista's other holdings
include the Awak Mas gold project in Indonesia and the Long Valley gold project in
California. For more information
about our projects, including technical studies and resource
estimates, please visit our website at www.vistagold.com.
This press release 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 press release that address
activities, events or developments that Vista expects or
anticipates will or may occur in the future, including such things
as achieving production at the Mt. Todd gold project, the growth of
the Company and other such matters are forward-looking statements
and forward-looking information. The material factors and
assumptions used to develop the forward-looking information and the
forward-looking information contained in this press release include
the following: results of feasibility studies, mineral resource and
reserve estimates, exploration and assay results, terms and
conditions of our agreements with contractors and our approved
business plan. When used in this press release, 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 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 resource estimates,
estimates of results based on such resource estimates; risks
relating to completing metallurgical testing; risks relating to
cost increases for capital and operating costs; risks relating to
delays in the completion of anticipated drilling activities
at the Mt. Todd gold project, risks related to the timing and the
ability to obtain the necessary permits, 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 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; as well as those factors discussed under the headings
"Note Regarding Forward-Looking Statements" and "Risk Factors" in
Vista's Amendment No. 1 to its Annual Report on Form 10-K as filed
on April 5, 2012 and other documents
filed with the U.S. Securities and Exchange Commission and Canadian
securities regulatory authorities. 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. Except as required by law, 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 www.vistagold.com.
SOURCE Vista Gold Corp.