Mr. Jonathan Awde of Gold Standard reports

GOLD STANDARD VENTURES CORP. COMPLETES STRATEGIC INVESTMENT IN BATTLE MOUNTAIN GOLD INC.

Gold Standard Ventures Corp., further to its news release of April 20, 2016, has acquired ownership of 10,481,435 common shares of Battle Mountain Gold Inc., representing 19.9 per cent of Battle Mountain's issued and outstanding common shares, at a price of 35 cents per share for a total subscription price of $3,668,502.25. Gold Standard has also acquired ownership of share purchase warrants entitling the company to purchase of up to an additional 5,240,717 common shares of Battle Mountain for a period of two years at a price of 37 cents per share, provided that the company is prohibited from exercising the warrants pending shareholder approval from Battle Mountain for the creation of Gold Standard as a control person. Assuming exercise of the warrants, Gold Standard will own a total of 15,722,152 common shares, or approximately 27.15 per cent of Battle Mountain's issued and outstanding common shares on a postconversion beneficial ownership basis.

The common shares and warrants were acquired by Gold Standard as principal for investment purposes pursuant to a private placement offering by Battle Mountain in reliance upon the "minimum investment amount" exemption from the prospectus requirements of applicable securities legislation in National Instrument 45-106 (prospectus exemptions).

Gold Standard did not own or control any shares of Battle Mountain, either alone or together with any joint actors, prior to the closing of the private placement, and, other than the potential exercise of warrants, Gold Standard has no present intention to acquire further securities of Battle Mountain, although Gold Standard may in the future, and in accordance with applicable securities laws, increase or decrease its investment in Battle Mountain by acquiring or disposing of other securities of Battle Mountain, through the market, privately or otherwise, depending on market conditions or any other relevant factors.

Gold Standard has agreed to vote its shares of Battle Mountain in accordance with the recommendations of Battle Mountain's board of directors for a period of 18 months and to give Battle Mountain prior notice of any sales of shares exceeding 2 per cent of Battle Mountain's then issued and outstanding shares in any 15-day period for so long as Gold Standard owns not less than 9.9 per cent of Battle Mountain's issued and outstanding shares.

A report respecting this acquisition will be electronically filed with the applicable securities commission in each jurisdiction where Battle Mountain is reporting and will be available for viewing through the Internet on SEDAR.

We seek Safe Harbor.