Mr. Jonathan Awde reports

GOLD STANDARD ANNOUNCES C$25 MILLION PRIVATE PLACEMENT

Gold Standard Ventures Corp. has arranged a non-brokered private placement of up to 7,886,436 common shares in the capital of the company at a price of $3.17 per common share for total proceeds of up to approximately $25-million. Goldcorp Inc. has agreed to purchase, as a part of the private placement, 4,731,862 common shares of the company at the offering price for total proceeds of approximately $15-million.

The financing is expected to close on or about Oct. 28, 2016. At closing, it is anticipated that Goldcorp will own approximately 10.6 per cent of the company's issued and outstanding shares on an undiluted basis.

Proceeds received from the private placement will be used to acquire certain royalty interests on its flagship Pinion-Railroad gold project in Nevada, purchase land claims in close proximity to the project, continue exploration on the project and for general working capital purposes.

Jonathan Awde, president, chief executive officer and director of Gold Standard, commented: "We are very pleased to be able to announce this strategic financing that will allow Gold Standard to continue aggressively exploring Railroad-Pinion and enable us to increase value on a per-share basis. Our focus is expanding the high-grade North Dark Star deposit with mineralization now continuous over approximately 270 metres in a north-south direction and approximately 100 m east-west. The deposit remains open in multiple directions. In addition, we believe the North Bullion deposit has the potential to be a prolific high-grade, collapse breccia-hosted deposit."

The common shares will be subject to a statutory hold period in Canada of four months plus one day from the closing of the financing.

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 NYSE.

Early warning disclosure

Gold Standard has been advised that Goldcorp, by acquiring ownership of 4,731,862 common shares representing approximately 2.2 per cent of the issued and outstanding common shares, will own 22,903,362 common shares of Gold Standard representing approximately 10.6 per cent of the issued and outstanding common shares. Goldcorp acquired the securities for investment purposes pursuant to the terms of a subscription agreement with Gold Standard. Goldcorp will evaluate its investment in the issuer from time to time and may, based on such evaluation, market conditions and other circumstances, increase or decrease shareholdings as circumstances require through market transactions, private agreements or otherwise. The exemption relied on for the acquisition of the common shares is Section 2.10 of National Instrument 45-106. A copy of the early warning report filed by Goldcorp in connection with the acquisition is available on Gold Standard's SEDAR profile. In order to obtain a copy of the early warning report, please contact Randall Chatwin, assistant general counsel at Goldcorp, at telephone number 604-696-3000. Goldcorp's head office is located at Suite 3400, 666 Burrard St., Vancouver, B.C., V6C2X8.

Gold Standard is focused on district-scale discoveries on its Railroad-Pinion gold project, located within the prolific Carlin trend. The 2014 Pinion and Dark Star gold deposit acquisitions offer Gold Standard a potential near-term development option and further consolidates the company's premier land package on the Carlin trend. The Pinion deposit now has a National Instrument 43-101-compliant resource estimate consisting of an indicated mineral resource of 31.61 million tonnes grading 0.62 gram per tonne gold, totalling 630,300 ounces of gold, and an inferred resource of 61.08 million tonnes grading 0.55 g/t Au, totalling 1,081,300 ounces of gold, using a cut-off grade of 0.14 g/t Au. The Dark Star deposit, 2.1 kilometres to the east of Pinion, has an NI 43-101-compliant resource estimate consisting of an inferred resource of 23.11 million tonnes grading 0.51 g/t Au, totalling 375,000 ounces of gold, using a cut-off grade of 0.14 g/t Au (announced March 3, 2015).

We seek Safe Harbor.