Mr. Jonathan Awde reports

GOLD STANDARD TO INCREASE STRATEGIC INVESTMENT IN BATTLE MOUNTAIN GOLD INC.

Further to its news release of May 6, 2016, Gold Standard Ventures Corp. intends to increase its strategic investment in Battle Mountain Gold Inc. by exercising all of its 5,240,717 warrants to acquire an additional 5,240,717 common shares of Battle Mountain at a price of 37 cents per share for an aggregate purchase price of $1,939,065.29. The consent of the TSX Venture Exchange to the creation of Gold Standard as a new control person of Battle Mountain, a precondition to the exercise of the warrants, has now been received following Battle Mountain's disinterested shareholder approval of Gold Standard as a control person. Gold Standard expects to exercise the warrants within the next five to seven days.

The gross proceeds from the exercise of the warrants will be used by Battle Mountain to partially finance a buydown of the existing royalty for gold and silver on Battle Mountain's Lewis gold project in Lander county, Nevada, from 5 per cent to 3.5 per cent and the conversion of such royalty from a gross royalty to net smelter returns royalty. Gold Standard has also agreed to advance an additional $416,170 to Battle Mountain to finance the balance of the royalty buydown. The warrant purchase price and the additional advance totalling $1.85-million (U.S.) ($2,355,235.29) will be financed by Gold Standard through a combination of $925,000 (U.S.) cash and 532,864 common shares of Gold Standard at a deemed price of $1.7359 (U.S.) ($2.21) per share to be paid directly to the royalty holder on behalf of Battle Mountain. Subject to acceptance of the TSX Venture Exchange, Battle Mountain has agreed to settle the additional advance from Gold Standard in exchange for a further 885,468 common shares of Battle Mountain at a deemed price of 47 cents per share.

Gold Standard currently owns a total of 10,481,435 common shares of Battle Mountain and upon exercise of the warrants, Gold Standard will own a total of 15,722,152 common shares or approximately 27.14 per cent of Battle Mountain's issued and outstanding common shares on a postconversion beneficial ownership basis. Upon issuance of the additional advance shares, Gold Standard will own 16,607,620 common shares or approximately 28.25 per cent of Battle Mountain's then-issued and outstanding common shares.

The warrant shares and the additional advance shares are or will be acquired by Gold Standard as principal for investment purposes and 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 until Nov. 6, 2017, and 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.

Following exercise of the warrants, a report respecting the acquisition of the warrant shares and, if applicable, the additional advance shares 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 at the Canadian System for Electronic Document Analysis and Retrieval.

The scientific and technical content and interpretations contained in this news release have been reviewed, verified and approved by Steven R. Koehler, Gold Standard's manager of projects, BSc, geology, and CPG-10216, a qualified person as defined by National Instrument 43-101, standards of disclosure for mineral projects.

We seek Safe Harbor.