DENVER, March 7, 2011 /PRNewswire/ — Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) (“Vista” or the “Corporation”) is pleased to announce that it has repaid its U.S. $23 million principal amount of outstanding 10% senior secured convertible notes (the “Notes”) (plus accrued interest) which matured on March 4, 2011. These payments were made using available cash and did not require any borrowing. Final cancellation of the Notes depends upon the completion of certain administrative duties of HSBC Bank USA, N.A. (the “Trustee”), pursuant to Article 8 of the note indenture, dated March 4, 2008 (the “Note Indenture”), among Vista, Vista’s Mexican operating subsidiary, Minera Paredones Amarillos S.A. de C.V., as guarantor (which has subsequently changed its name to Desarrollos Zapal S.A. de C.V., the “Guarantor”), the Trustee and HSBC Mexico, S.A. De C.V., Institucion de Banca Multiple, Grupo Financiero HSBC, Division Fiduciaria, as collateral agent (the “Collateral Agent”).