Vista and Invecture Sign Equity Agreement

Vista Gold Corp. (TSX:VGZ) is pleased to announce that it has entered into a shareholding agreement with the Mexican Invecture Group for the Concordia Gold Project in Baja California Sur. Invecture is the owner of Frontera Copper Corporation, which owns and operates the Piedras Verdes copper mine in Sonora, Mexico.

Vista holds the Concordia Gold Project through its wholly-owned Mexican subsidiary Desarrollos Zapal. Under the terms of the agreement, Invecture has agreed to make a non-refundable payment of $2 million to acquire a 60% interest in DZ Mexico. If the right to earn equity is exercised before February 7, 2014, it will expire unless there is a certain period of extension. During the period in which the equity is valid, Invecture will independently assume the cost of managing and operating the Concordia Gold Project, and will take all reasonable business practices to obtain the Change of Forest Land Use Permit and the environmental impact authority necessary for the development. Invecture proposed to apply for a $70 million project loan after the exercise of equity and project development resolutions. Once Invecture acquires a Concordia project interest, the parties agree to evaluate market conditions to determine DZ Mexico's future organization and shareholding structure.