Vista Gold Corp. Announces Appointment of President and Chief Operating Officer
02 August 2007 - 1:11AM
PR Newswire (US)
DENVER, Aug. 1 /PRNewswire-FirstCall/ -- Vista Gold Corp. (Amex:
VGZ; TSX) is pleased to announce the promotion of Mr. Frederick H.
Earnest to President and Chief Operating Officer effective August
1, 2007. Mr. Earnest and Gregory G. Marlier, Chief Financial
Officer, will continue reporting to Mike Richings, Chief Executive
Officer. Mr. Richings, who prior to the promotion of Mr. Earnest,
also held the title of President, will focus his efforts on
corporate planning and strategy. Mr. Earnest joined Vista in
September 2006 as Senior Vice President, Project Development, and
has over 20 years previous experience in the mining industry,
including the management of the development and operation of gold
mines. The management change reflects Vista's increasing emphasis
on the development of its most advanced gold projects: Paredones
Amarillos, Mt. Todd and Yellow Pine. Mike Richings, Vista CEO,
commented, "Since joining Vista, Fred has demonstrated excellent
management and executive skills, appropriate to his new position.
The increasing management demands of developing three major
projects necessitate the change and will allow me to focus on
potential growth and value-adding opportunities for the
Corporation." About Vista Gold Corp. Since 2001, Vista has acquired
a number of discovered 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 today's gold prices. Currently,
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 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/
DATASOURCE: Vista Gold Corp. CONTACT: Connie Martinez of Vista Gold
Corp. +1-720-981-1185 Web site: http://www.vistagold.com/
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