ASUDES and Concordia Award Free Laptops to Baja Students: Social Enterprise In Action

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Concordia Works To Ensure All Stakeholders Benefit With Its Philosophy of People, Planet and Prosperity.

"Our commitment to Baja California Sur is part of the reintroduction of our project and our philosophy of working hard to bring prosperity to the people of the region," said Frederick H. Earnest, President of Vista Gold Corp.

New laptop computers were handed to students and families from San Antonio, El Triunfo and El Rosario on October 2, 2010. The computers were provided by the Concordia Project, a subsidiary of the Vista Gold Corp. Concordia is a Mexican company that is committed to the principles of 3BL (Triple Bottom Line). The three key elements of measuring the success of a company under this new philosophy are the benefits it produces for People, the impact of a company's operation on the Planet, and the Prosperity it brings to the communities where they are located and the stakeholders they serve.

The vision of 3BL is to measure success not by profit alone but by creating a better quality of life for all stakeholders in the process, including the people of the community, while preserving the environment and taking on the full the provisions of the General Law of Ecological Equilibrium and Environmental Protection, The General Law of Sustainable Forestry Development, and other applicable national laws.

"Our commitment to Baja California Sur is part of the reintroduction of our project and our philosophy of working hard to bring prosperity to the people of the region," said Frederick H. Earnest, President of Vista Gold Corp.

In compliance with its social agenda, ASUDES, a nonprofit foundation sponsored by Concordia, handed out netbook computers to students and families from San Antonio, El Triunfo and El Rosario. All of these communities are part of the Municipality of La Paz.

As part of its "Learn More, Take Action" program to benefit students with excellent grades from different schools, the mining company, through ASUDES, delivered 16 netbook computers to recipients. Other computers will be available for the use of general public.

ASUDES, through Pax Terra, a provider of marketing, public relations and community outreach services, installed an internet-ready wireless access network in the three towns as part of the overall ASUDES plan. The wireless networking systems provide internet-distributed satellite-broadband in each community, with a speed of 1.5Mbps/512Kbps with VoIP for voice transmission.

In addition, ASUDES sponsors an internet room that will provide services to the community, and which offers classroom training provided by professional experts in both internet technology and visual media, such as video and photography.

During the delivery of computer equipment and the initiation of the wireless internet service, Frederick H. Earnest, President of Vista Gold Corp., emphasized that these are the first of many programs that aim to improve the quality of life of the inhabitants of this part of Baja California Sur, bringing them access to new technology and the worldwide web.

"Concordia bases its approach on working continuously for the welfare of the People, Planet and the Prosperity in Baja California Sur. It is very satisfying to contribute in this way by providing young students with better tools to increase and improve their communication skills. This is a clear demonstration of how people can benefit from ASUDES' programs," said Earnest.

Mr. Hector Araya, General Manager of the Concordia Project and Genaro Cervantes, President of ASUDES talked about the company's commitment to listen closely to the concerns of the inhabitants of the region and to provide necessary support.

They stated that these actions of ASUDES support the communities of San Antonio, El Triunfo and El Rosario by offering the means to connect to new global communication channels and gain access to new information and a worldwide perspective as a first step in increasing the opportunities of the people of the area.

The awards ceremony was held in the main square of San Antonio and was attended by students and parents, principals and teachers of schools, local officials, including the Subdelegation of the Municipality of La Paz, as well as the Board of Directors of ASUDES and their families.

About Concordia

The Concordia Project embraces the pillars of the 3BL approach to enterprise: People, Planet, and Prosperity. It is currently in the process of seeking a permit from the government to operate a mine in Baja California Sur.

http://www.proyectoconcordia.com

About ASUDES

ASUDES is a nonprofit Civil Association, created by Vista Gold Corp's Mexican subsidiary Concordia to provide community services to people who live in the region.

http://www.ASUDES.org

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Hector Araya
Concordia
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