Business Description

1. Nature of Operations ​ Vista Gold Corp. and its subsidiaries operate as a development-stage company in the gold mining industry. The Company’s flagship asset is the Mt Todd gold project (“Mt Todd” or the “Project”) in Northern Territory, Australia. We are taking steps to ensure that development can proceed in an orderly and efficient manner. Since acquiring Mt Todd in 2006, we have invested substantial financial resources to systematically explore, evaluate, engineer, permit, and de-risk the Project. We do not currently generate recurring positive cash flows from mining operations. ​ References to $ are to United States dollars and A$ are to Australian dollars.