BUILDING SHAREHOLDER VALUE WITH ONE OF AUSTRALIA'S LARGEST AND MOST ADVANCED UNDEVELOPED GOLD PROJECTS Corporate Presentation | July 2022 NYSE American | TSX: VGZ CAUTIONARY STATEMENT Summary: If you are risk-averse you should NOT buy shares in Vista Gold Corp. Unexpected events happen and may change forecasts and targets. This presentation should be read in conjunction with Vista's most current 10K and 10Q available at the U.S. Securities and Exchange Commission and Canadian securities regulatory authoriti ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR Securities registered pursuant to Section 12(b) of the Act: | Title of each class: | Trading Symbol | Name of each exchange on which registered: | | --- | --- | --- | | Common Shares, no par value | VGZ | NYSE American | Indicate by checkmark whether the registra ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) For the quarterly period ended March 31, 2022 OR ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-9025 VISTA GOLD CORP. (Exact Name of Registrant as Specified in its Charter) | British Columbia | 98-0542444 ...

Vista Gold Corp. (NYSE:VGZ) Q4 2021 Earnings Conference Call February 28, 2022 4:00 PM ET Company Participants Pamela Solly – Vice President-Investor Relations Fred Earnest – President and Chief Executive Officer Doug Tobler – Chief Financial Officer Conference Call Participants Heiko Ihle – H.C. Wainwright Operator Good day ladies and gentlemen, welcome to Vista Gold’s 2021 Financial Results and Incorporate Update Conference Call. At this time all participants are in a listen-only mode. Following the prese ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-9025 VISTA GOLD CORP. (Exact Name of Registrant as Specified in its Charter) British Columbia 98-0542444 (State or other juri ...

Financial Performance - Consolidated net loss for the three months ended September 30, 2021, was $(3,069) thousand, compared to a net income of $4,220 thousand for the same period in 2020[67]. - Net cash used in operating activities was $7,438 thousand for the nine months ended September 30, 2021, compared to $4,698 thousand in 2020, reflecting increased exploration expenditures[75]. - Cash from financing activities during the nine months ended September 30, 2021, included net proceeds of $12,323 thousand from a public offering[77]. - The company holds no debt as of September 30, 2021, indicating a strong financial position[68]. - As of September 30, 2021, the company had working capital of $14,840, compared to $8,281 at December 31, 2020, reflecting an increase of 79%[82]. - The company expects to maintain adequate liquidity and fund corporate expenses and project holding costs for at least 12 months with existing working capital as of September 30, 2021[119]. Project Development - The company has invested over $100 million in the Mt Todd gold project since its acquisition in 2006, positioning it for near-term development[53]. - Engineering and design for the definitive feasibility study for Mt Todd is 80% complete, with the study expected to include reserve estimates based on current market conditions[54]. - The company estimates total remaining cash expenditures to complete the Mt Todd feasibility study and additional drilling will total approximately $4,400, with most funds to be expended in the coming months[83]. - Vista aims to complete a definitive feasibility study for Mt Todd, which is anticipated to establish mineral resources and reserves estimates under S-K 1300 standards[124]. - The company anticipates that the definitive feasibility study for Mt Todd will result in a larger reserve and longer mine life, reflecting current gold prices[100]. - Vista anticipates that the feasibility study will evaluate trade-off opportunities, potentially resulting in a larger reserve and longer mine life[124]. Exploration Activities - Exploration and property evaluation costs increased to $2,269 thousand for the three months ended September 30, 2021, up from $1,034 thousand in 2020, primarily due to feasibility study preparations and exploration drilling[71]. - The company plans to continue drilling to demonstrate the regional potential along a 5.4-kilometer portion of the Batman-Driffield Trend[59]. - The company has completed 18 planned holes (approximately 6,365 meters) in the current drilling program, with the last two holes intersecting over 100 meters of mineralization[102]. - The company plans to continue drilling into Q1 2022 to demonstrate regional potential along the Batman-Driffield Trend and outline areas for future drilling[119]. Strategic Partnerships and Royalties - The company aims to secure a development partner for Mt Todd, with the intrinsic value of the project expected to provide a source of working capital and reduce equity dilution[85]. - The company may realize up to $2,500 if a third party cancels its royalty interests in Awak Mas by the end of January 2022[86]. - Vista received a payment of $2,400 to cancel a 1% NSR on the first 1,250,000 ounces produced at Awak Mas and a 1.25% NSR on the next 1,250,000 ounces produced[112]. - The company expects to receive future payments for the cancellation of remaining net smelter return royalties on the Awak Mas project[124]. Community and Operational Impact - The company believes that its efforts in water treatment and management have created a strong social license with local communities and government[119]. - Vista expects ongoing costs due to COVID-19 may impact its financial condition and results of operations[124].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-9025 VISTA GOLD CORP. (Exact Name of Registrant as Specified in its Charter) | British Columbia | 98-0542444 | ...

Vista Gold Corp’s (NYSE:VGZ) Q1 2021 Earnings Conference Call May 4, 2021 12:00 PM ET Company Participants Pamela Solly – Vice President of Investor Relations Fred Earnest – President and Chief Executive Officer Doug Tobler – Chief Financial Officer Conference Call Participants Jake Sekelsky – Alliance Global Partners Marcus Giannini – H.C. Wainwright Operator Good day, ladies and gentlemen, welcome to the Vista Gold’s First Quarter 2021 Financial Results and Corporate Update Conference Call. [Operator Inst ...

Financial Performance - Consolidated net loss for the three months ended March 31, 2021, was $3,099, compared to a loss of $3,500 for the same period in 2020, reflecting a year-over-year improvement [55]. - Cash and short-term investments totaled $7,153, with working capital at $5,871 as of March 31, 2021, down from $8,281 in 2020 [56][65]. - Net cash used in operating activities was $2,525 for the three months ended March 31, 2021, compared to $1,743 in 2020, indicating increased expenditures [61]. - Cash inflows from investing activities were $1,500 in Q1 2021, down from $2,599 in Q1 2020, with $1,100 received from the royalty cancellation payment for the Los Reyes project [62]. Costs and Expenditures - Exploration, property evaluation, and holding costs increased to $1,751 for the three months ended March 31, 2021, from $948 in 2020, primarily due to the Mt Todd exploration drilling program [57]. - Corporate administration costs decreased slightly to $1,315 in Q1 2021 from $1,376 in Q1 2020, attributed to reduced travel expenses due to COVID-19 [58]. - The company anticipates requiring additional working capital as discretionary programs advance, with a focus on monetizing non-core assets [71]. Investments and Projects - The company has invested over $100 million in the Mt Todd project since acquisition in 2006, positioning it for near-term development [47]. - The company has invested over $100 million in the Mt Todd Gold Project since its acquisition in 2006, focusing on exploration, evaluation, and permitting [81]. - A drilling program at Mt Todd has been expanded to include an additional 10 holes, focusing on deep drilling along a 1.8 km strike length [86]. - The company expects to receive a final payment of $1 million from Prime Mining for the sale of the Guadalupe de los Reyes project, due in July 2021 [91]. - The company has extended the payment date for a remaining $2,500 payment related to the Awak Mas project to no later than January 31, 2022 [92]. Asset Valuation - Fair value of other investments decreased from $293 million at December 31, 2020, to $263 million at March 31, 2021, representing a decline of approximately 10.2% [77]. - Vista holds agreements to realize up to $3,500 from the cancellation of royalty interests in the Los Reyes and Awak Mas gold projects [70]. Future Outlook - The company anticipates that its existing working capital will be sufficient to fund planned corporate expenses and project holding costs for at least 12 months [100]. - The company continues to face potential impacts from COVID-19, which may affect liquidity and capital resources [100]. - The company believes that the upward trend in gold prices enhances its prospects for future growth [100]. - The company is awaiting approval of the Mining Management Plan (MMP) for Mt Todd, which is crucial for holding all major permits for development [83].

Financial Data and Key Metrics Changes - The company ended 2020 with $8.2 million in cash and short-term investments, an increase of approximately $3.5 million from $4.7 million at the end of 2019, and remains debt-free [13][22] - Reported income for 2020 was $400,000, a significant improvement compared to a loss of about $9.5 million in 2019, driven by gains from asset monetization [17][22] Business Line Data and Key Metrics Changes - The company successfully monetized several non-core assets, generating cash proceeds of just under $9 million, which included sales of Midas Gold shares and other transactions [14][22] - The ongoing drilling program aims to test the continuity of mineralization extending north from the Batman deposit, with positive initial results prompting the addition of a second drill rig [25][57] Market Data and Key Metrics Changes - The company's share price closed at $1.08 on December 31, 2020, reflecting a 49% increase from $0.73 at the end of 2019, outperforming the GDXJ index which increased by 28.3% during the same period [34] Company Strategy and Development Direction - The company is focused on advancing the Mt Todd project and aims to reflect greater project value in its share price and market capitalization [23] - A significant milestone is the expected approval of the Mt Todd Mine Management Plan, which is crucial for advancing the project [60][81] - The company is committed to maintaining a strong social license and has modernized its agreement with the Jawoyn Association Aboriginal Corporation to enhance cooperation and support [32][73] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing exploration programs and the potential for significant shareholder value realization, particularly with the expected approval of the Mine Management Plan [36][81] - The company believes that the current market conditions, including strong gold prices and government stimulus, bode well for sustained gold price improvements in the next 12 to 24 months [43] Other Important Information - The Mt Todd project is positioned as the largest undeveloped gold project in Australia, with 5.85 million ounces of proven and probable reserves [44] - The company has achieved significant progress in water management, lowering the water level in the Batman pit by 23 meters in 2020, with expectations for effective dewatering by mid-2021 [27] Q&A Session Summary Question: Timing of remaining payments - The company expects to receive $2.5 million in Q2 and another $1 million in Q3, following the $1.1 million already received [54][55] Question: Exploration program expansion - The addition of a second drill rig is intended to accelerate the existing program and expand exploration activities due to encouraging initial results [57][58] Question: Permitting status - The Mine Management Plan will be the last major permit needed, with other minor permits required that have a short approval pathway [60] Question: Community relations post-agreement - The relationship with the Jawoyn Aboriginal people is excellent, with positive feedback from community leaders regarding the company's engagement and support [71][74]