Mr. Jonathan Awde of Gold Standard reports

GOLD STANDARD ANNOUNCES C$16.2 MILLION STRATEGIC INVESTMENT BY OCEANAGOLD CORPORATION

Gold Standard Ventures Corp. has entered into a subscription agreement pursuant to which a wholly owned subsidiary of OceanaGold Corp. has agreed to purchase, in a private placement, 24,997,661 common shares of the company at a price of 65 cents per common share for gross proceeds of $16,248,480.

The financing is expected to close on or around May 20, 2015. At closing, it is anticipated that OceanaGold will own approximately 14.9 per cent of the company's issued and outstanding shares on an undiluted basis. The net proceeds of the financing will be used to further advance the company's Railroad-Pinion project, and for general corporate and working capital purposes.

Jonathan Awde, president, chief executive officer and director of Gold Standard, commented: "We view this strategic investment by OceanaGold as a significant milestone and validation of the work we have completed at Railroad-Pinion. OceanaGold is an experienced mine developer and we look forward to building a strong relationship as we move Railroad-Pinion forward. Following closing of the financing, Gold Standard will have just under $20-million in working capital that will allow us to continue rapidly advancing and derisking the project."

Mick Wilkes, managing director and CEO of OceanaGold, commented: "Our investment highlights the quality and potential of the Railroad-Pinion project. We also view this as an opportunity to gain exposure to another jurisdiction and one of the most prolific gold belts in the world. We look forward to working with the Gold Standard team and participating in the advancement of the Railroad-Pinion project."

Provided that OceanaGold holds no less than 9.9 per cent of the then-issued and outstanding common shares of GSV, OceanaGold will also have the following rights:

• The right to request the formation of a technical committee of GSV consisting of at least four members with the appointment of one representative by OceanaGold;
• Anti-dilution rights allowing it to maintain its equity ownership interest in GSV;
• Following expiry of the statutory hold period of four months plus one day from the closing of the investment, the right to participate in any future equity financings of GSV to acquire up to 19.9 per cent of the then-issued and outstanding common shares of GSV;
• A right of first refusal to match any third party offers regarding a tolling arrangement or a non-equity financing for the purpose of financing the future exploration and development of any assets of GSV.

Macquarie Capital Markets Canada Ltd. is acting as financial adviser to the company and will receive an investment fee in connection with the financing. Minvisory Corp., Cormark Securities Inc. and Medalist Capital Ltd. will also receive a cash commission in connection with the financing. The company has applied to list the common shares on the TSX Venture Exchange and the New York Stock Exchange. Listing will be subject to the company fulfilling all of the listing requirements of the TSX-V and NYSE. The financing is not being offered in the United States.

We seek Safe Harbor.