DENVER, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Vista Gold Corp. (NYSE American and TSX:VGZ) ("Vista" or the "Company") is pleased to announce that it has commenced an underwritten public offering of US$30.0 million of its common shares. All common shares are being offered by Vista. The Company expects to grant the underwriters a 30-day option to purchase up to an additional US$4.5 million of its common shares to cover over-allotments, if any. The proposed offering is subject to market conditions and other factors, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the proposed offering.

CIBC Capital Markets is acting as the sole bookrunner for the proposed offering.

The Company intends to allocate the net proceeds from the offering to advance exploration and development activities at the Company's Mt. Todd gold project, a development-stage gold deposit in Australia's Northern Territory, and for general corporate purposes.

This offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-282706) (including a base prospectus) previously filed with the U.S. Securities and Exchange Commission (the "SEC") on October 17, 2024, and declared effective on November 8, 2024. The common shares may be offered only by means of a prospectus supplement and the accompanying base prospectus that form a part of the registration statement. A preliminary prospectus supplement and the accompanying base prospectus relating to and describing the terms of the proposed offering of common shares have been filed with the SEC. Before investing, prospective investors should read the preliminary prospectus supplement, the accompanying base prospectus and the documents incorporated by reference therein for more complete information about the Company and the offering. These documents, including the preliminary prospectus supplement relating to the offering, are available without charge on the SEC's website at www.sec.gov. Copies of the final prospectus supplement, when available, and the accompanying base prospectus relating to the offering may be accessed for free on the SEC's website at www.sec.gov or obtained by contacting CIBC Capital Markets, 161 Bay Street, 5th Floor, Toronto, ON M5J 2S8, by telephone: 1(416) ...