Vista (TSX & NYSE Amex: VGZ) Announces Update for Paredones Amarillos Gold Project

Vista Gold Corp. ("Vista") (TSX & NYSE Amex: VGZ) is pleased to provide an update on activities at the Paredones Amarillos gold project in Baja California Sur, Mexico. Receipt of the Temporary Occupation Permits ("TOP") was announced on October 28, 2009, and signals the commencement of a number of activities designed to advance the development of the project towards construction and the planned start of production in 2011. Once in production, the Paredones Amarillos gold project is expected to produce an estimated average of 143,000 ounces of gold per year during the first five years and an estimated 1.2 million ounces of gold over the estimated 9.3 year life of the mine.

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As previously announced, with the receipt of the TOP, the Company now has all the prerequisite documentation to re-apply for the Change of Forest Land Use Permit ("CFLUP") which is required before the Company can commence construction of the Paredones Amarillos gold project. The Company plans to file the application this week and estimates that the CFLUP will be granted prior to the end of the first quarter 2010. On November 4, 5 and 6, 2009, the Company's wholly-owned Mexican subsidiary, Minera Paredones Amarillos S.A. de C.V. ("MPA") which holds the Paredones Amarillos gold project, plans to hold a series of workshops in communities close to the project, including La Paz. The workshops are part of the Company's ongoing efforts to keep local residents, government officials and other stakeholders informed about the Paredones Amarillos gold project and the measures being taken by the Company to ensure that the Paredones Amarillos gold project will make a positive contribution to the community. These workshops are one of several programs developed by MPA in conjunction with the Mexican consulting group, C3 Consensus, in an effort to reduce public misconceptions, ensure that correct project information is disseminated and at the same time, to receive appropriate stakeholder input which may lead to project development improvements.