Mr. Jonathan Awde of Gold Standard reports

GOLD STANDARD CLOSES C$16.2-MILLION STRATEGIC INVESTMENT WITH OCEANAGOLD

Gold Standard Ventures Corp. has closed its previously announced private placement with a wholly owned subsidiary of OceanaGold Corp. for 24,997,661 common shares of Gold Standard at a price per share of 65 cents for gross proceeds of $16,248,480. OceanaGold now owns 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. Provided that OceanaGold holds no less than 9.9 per cent of the then issued and outstanding common shares of Gold Standard, OceanaGold will also have the following rights as set out in the subscription agreement entered into between the company and OceanaGold relating to the financing:

• The right to request the formation of a technical committee of Gold Standard 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 Gold Standard;
• 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 Gold Standard to acquire up to 19.9 per cent of the then issued and outstanding common shares of Gold Standard;
• 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 Gold Standard. The purchased shares are subject to a statutory hold period in Canada of four months plus one day from the closing of the private placement.

OceanaGold, with an address of Level 14, 357 Collins St., Melbourne, Victoria, 3000, Australia, did not own or control any shares of the company, either alone or together with any joint actors prior to the closing of the financing. The acquisition of the purchased shares is for investment purposes only, and OceanaGold has no present intention to acquire further securities of the company although OceanaGold may, in the future and in accordance with applicable securities laws, increase or decrease its investment in the company by acquiring or disposing of other securities of the company, through the market, privately or otherwise, depending on market conditions or any other relevant factors. Macquarie Capital Markets Canada Ltd. is acting as financial adviser to the company and will receive a 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 financing was not offered in the United States.

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