EL 25576, EL 25669, EL 25670 Mount Todd Project Combined Annual Report for the period ended 14 March 2012

Abstract

EL's 25576, 25669 and 25670 are situated approximately 40 km east of the town of Pine Creek. This annual report documents the work completed on the licences for the period from 15 March 2011 to 14 March 2012. EL 25576 is the largest tenement in the Vista Gold tenement package on the Mount Todd project, being 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, being 5km wide and 10km long for a total area of 50 square km. 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 diamond drilling on three different prospects (thirteen holes for 3770m), extensive soil sampling on two prospects (1077 samples), rock chipping (20 samples) and mapping.