Mr. Jonathan Awde of Gold Standard reports

GOLD STANDARD ANNOUNCES C$16.1 MILLION STRATEGIC INVESTMENT BY GOLDCORP INC.

Goldcorp Inc. has agreed to purchase, by way of private placement, 16.1 million common shares of Gold Standard Ventures Corp. at a price of $1.00 per common share for gross proceeds of $16.1-million.

The financing is expected to close on or about Feb. 8, 2016, following which Goldcorp will own (inclusive of shares currently held by Goldcorp) approximately 9.9 per cent of the company's issued and outstanding shares on an undiluted basis, prior to giving effect to any shares purchased by Oceanagold Corp., pursuant to its existing equity participation right to acquire up to 19.9 per cent of the issued and outstanding shares of the company (announced May 20, 2015). 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 investment by Goldcorp as a validation of the exploration success we have had at the Railroad-Pinion project. With the proceeds from the private placement we will look to aggressively expand the six-kilometre Dark Star corridor, the location of the recent North Dark Star discovery, which we believe has the potential to host a significant gold system."

Provided that Goldcorp holds not less than 7.5 per cent of the company, Goldcorp will also have the following rights:

• Anti-dilution rights allowing it to maintain its equity ownership interest in Gold Standard;
• The right to participate in any future equity financings of Gold Standard to acquire up to a 19.9-per-cent ownership position in the company.

Macquarie Capital Markets Canada Ltd. is acting as financial adviser to the company.

Gold Standard will pay 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 the NYSE. The financing is not being offered in the United States.

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