Vista Gold — Third Quarter 2026 Earnings Summary

Financial Performance:

• Reported a consolidated net loss of $6.4 million ($0.05 per common share) for the quarter ended September 30, 2026, compared to a net loss of $0.7 million ($0.01 per common share) for the same period in 2025.
• Cash and cash equivalents totaled $43.5 million at September 30, 2026, an increase from $13.6 million at December 31, 2025.
• The company reported no debt.

Business Segments and Product Lines:

• Continued progress on permitting activities and technical optimization initiatives for the Mt Todd gold project.
• Strengthened the Australian-based leadership team.
• The Mt Todd project is a development-stage gold deposit in the Northern Territory, Australia, featuring advanced local infrastructure and strong community support.

Management Commentary and Tone:

• President and CEO Frederick H. Earnest stated the company maintained strong progress in advancing the Mt Todd project toward development.
• Management expressed confidence that the transaction with Artemis Gold Inc. represents a compelling opportunity to deliver value to shareholders both immediately and over the long term.
• The CEO noted the Arrangement offers shareholders an immediate premium to market price and the potential to benefit from the expansion of Artemis' Blackwater operation and the development of Mt Todd.
• Management believes Artemis brings the necessary scale, experience, and resources to develop Mt Todd and realize its full potential.

Other Key Points:

• On September 20, 2026, Vista entered into an Arrangement Agreement with Artemis Gold Inc. (TSXV:ARTG) to acquire all outstanding common shares of Vista via a court-approved plan of arrangement.
• Under the terms, each Vista common share (excluding dissenting shares and shares held by Artemis) will be exchanged for 0.0966 of an Artemis common share.
• Upon completion, Vista will become a wholly owned subsidiary of Artemis, and existing Vista shareholders are expected to collectively own approximately 5% of Artemis' shares (pro-forma ownership excludes Artemis' 4.95% interest in Vista).
• If the Arrangement is not completed, Vista will continue to operate as an independent public company and seek to maximize shareholder value through the advancement of the Mt Todd project.
• A management conference call was scheduled for November 12, 2026, to review results and discuss the Arrangement.
• A preliminary proxy statement was filed on October 19, 2026, with the SEC and Canadian securities regulators; the definitive proxy statement is expected to be filed in the coming weeks.