EL 25576, EL 25669 and EL 25670 Mt Todd Project Combined annual report for the period ended 14 March 2010

Abstract

EL 25576, EL 25669 and EL 25670 are situated approximately 40 km east of the town of Pine Creek. This annual report documents the work completed on the leases for the period March 15 2009 to March 14 2010. EL 25576 is the largest tenement in the Vista Gold tenement package on the Mt Todd project, it is 30Km wide and 40Km long with a total area of 913 square Km. EL 25670 adjoins to the south and is 18Km long by 10km wide, with a total area of 34 square Km. EL 25669 is immediately adjacent to the north western boundary of EL 25576, it is 5km wide and 10km long for 50 square kilometers of area. The licences were originally granted on 15 March 2007. Vista Gold Australia Pty Ltd. is the operator and manager of the exploration work. Work on the project during the Reporting Year included 8,262 square Km of AOLS satellite imagery, 1204 Multi-element soil samples and 35 Multi-element rock-chip samples, structural interpretation and drill hole planning.