DENVER, Aug. 3, 2011 /PRNewswire/ -- Vista Gold Corp.
(TSX & AMEX: VGZ) ("Vista" or the "Corporation") is
pleased to announce that its Board of Directors has approved the
appointment of Nicole Adshead-Bell
to the Board.
Dr. Adshead-Bell has a successful career in capital markets,
most recently as Managing Director, Investment Banking, Haywood
Securities Inc. She also worked as a mining analyst with
Dundee Securities Corporation and Sun Valley Gold LLC. Earlier in
her career she was responsible for various exploration projects and
was an independent consultant in the fields of structural and
economic geology. She has Ph.D., Honours and B.Sc. degrees in
Geology from James Cook University, Queensland, Australia.
Mike Richings, Executive Chairman
and CEO said; "We are very pleased to have Nicole join our Board.
We believe her strong background in geology and her extensive
financial sector experience will allow her to make a significant
contribution to the Board and the Corporation, particularly as we
continue to advance our large Mt. Todd gold project in the Northern
Territory in Australia."
About Vista Gold Corp.
During the period 2002-2006, Vista strategically acquired a
number of gold properties containing well understood and defined
mineral resources. In 2007, Vista completed a transaction, in which
Vista contributed its Nevada gold
mining interests to Allied Nevada Gold Corp. ("ANV") (a company
formed by Vista). Following the formation of ANV, Vista made a
substantial return to its shareholders in the form of common shares
of ANV which were distributed to the shareholders of record at the
time of the transaction. Since that time, Vista has been focused on
adding value to its remaining properties through transactions and
advancing the Mt. Todd gold project in Northern Territory,
Australia, and the Concordia gold project in Baja California Sur, Mexico, toward production
decisions. Recently, Vista added substantially to its balance sheet
through its investment in Midas Gold Corp. ("Midas"). In
April 2011, Vista participated in a
transaction that combined Vista's holdings in Idaho with that of Midas Gold, Inc. to form
Midas. Vista's other holdings include the Guadalupe de los Reyes
gold-silver project in Mexico, the
Awak Mas gold project in Indonesia, and the Long Valley gold project in
California.
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, the director's ability to make a significant contribution to
the board of directors, the advancement of the Mt. Todd and
Concordia gold projects towards
production decisions, Vista's continuing efforts to add value to
its properties, and other such matters are forward-looking
statements and forward-looking information. When used in this
press release, the words "optimistic," "potential, " "indicate, "
"expect, " "intend, " "hopes, " "believe, " "may, "will, ",
"could", "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 cost
increases for capital and operating costs; risks related to 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 latest Annual Report on Form 10-K as filed on March 14, 2011 and Quarterly Report on From 10-Q,
as filed on May 10, 2011, 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.