---------------------------- OMB APPROVAL ---------------------------- OMB Number: 3235-0287 Expires: September 30, 1998 Estimated average burden hours per response.......0.5 ---------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |_| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print or Type Responses) ________________________________________________________________________________ 1. Name and Address of Reporting Person* Rule Arthur Richards -------------------------------------------------------------------------------- (Last) (First) (Middle) c/o Global Resource Investments Ltd. 7770 El Camino Real -------------------------------------------------------------------------------- (Street) Carlsbad CA 92009 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Vista Gold Corp. (VGZ) ________________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) N/A ________________________________________________________________________________ 4. Statement for Month/Day/Year January 24, 2003 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Day/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) |_| Director |X| 10% Owner |_| Officer (give title below) |_| Other (specify below) ____________________________________________________________________ ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check Applicable line) |_| Form Filed by One Reporting Person |X| Form Filed by More than One Reporting Person ________________________________________________________________________________ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================

(1) Represents distributions of Common Shares to persons unaffiliated with either of the Reporting Persons. * By Rule Investments, Inc. ** By Exploration Capital Partners 2000 Limited Partnership Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4(b)(v). Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number Page 1 of 3 pages FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================

Explanation of Responses: *** By Global Resource Investments Ltd. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. Arthur Richards Rule By: /s/ Keith Presnell January 27, 2003 --------------------------------------------- ----------------------- Keith Presnell, Attorney-in-Fact Date See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Page 2 of 3 pages Joint Filer Information Name: Rule Family Trust u/d/t 12/17/98 Address: c/o Global Resource Investments Ltd. 7770 El Camino Real Carlsbad, CA 92009 Designated Filer: Arthur Richards Rule Issuer and Ticker Symbol: Vista Gold Corp. (VGZ) Date of Event Requiring Statement: 1/24/03 Signature: Rule Family Trust u/d/t 12/17/98 By: /s/ Keith Presnell ------------------------------------ Keith Presnell, Attorney-in-Fact for Arthur Richards Rule, Trustee Additional Explanation of Responses: Rule Family Trust is a revocable trust established by the Reporting Person. Page 3 of 3

VISTA GOLD CORP 4