Mr. Jonathan Awde reports

GOLD STANDARD VENTURES DRILLING CONFIRMS NEW SHALLOW OXIDE GOLD DEPOSIT AT JASPEROID WASH, CARLIN TREND, NEVADA

Gold Standard Ventures Corp. has released results from three reverse circulation (RC) drill holes at Jasperoid Wash, on claims recently added to its 100-per-cent-owned/controlled Railroad gold project in Nevada's Carlin trend. Jasperoid Wash is located approximately six kilometres south of the Pinion deposit and 7.5 km southwest of the Dark Star deposit. These three holes are a portion of Gold Standard's 2017 $15.5-million (U.S.) exploration program (see Feb. 2, 2017, news release).

The Jasperoid Wash drilling was designed to: (1) follow up on results in JW17-01 which intersected 103.7 metres of 0.56 gram per tonne gold, including a higher-grade zone of 30.5 m of 0.93 g/t Au (see Oct. 5, 2017, news release); and (2) target structural zones and elevated surface geochemistry within a two-kilometre-by-0.5-kilometre block of pervasively oxidized and altered debris flow conglomerate in the favourable Pennsylvanian-Permian host section. All three RC holes intersected thick zones of near-surface, oxidized mineralization, effectively increasing the size and grade of the shallow oxide gold zone drilled in JW17-01. The new deposit remains open in all directions. Results from seven additional reverse circulation holes and one core hole are pending.

Jonathan Awde, chief executive officer and director of Gold Standard, commented: "Jasperoid Wash appears to be emerging as another important deposit for Gold Standard. These results remind us of the early days at North Dark Star where we encountered the same style of mineralization with similar grades and thicknesses. We plan to drill this target aggressively this year with the aim of reporting a maiden resource in 2018. Clearly the additional claims we acquired last year to the south of our Pinion and Dark Star deposits are proving to be an important strategic benefit to the company and its shareholders."

Key highlights:

• In the southern portion of Jasperoid Wash, JW17-04 intersected 54.9 m of 0.89 g/t Au, including two higher-grade zones of 9.1 m of 1.25 g/t Au and 12.2 m of 1.66 g/t Au. Mineralization begins approximately 10 m below the current topographic surface. The intercept is approximately 100 m southeast of the JW17-01 intercept of 103.7 m of 0.56 g/t Au. Mineralization in JW17-04 is open to the west, south and east.
• JW17-10 intersected two thick zones of near-surface oxide mineralization including 77.7 m of 0.48 g/t Au and 30.5 m of 0.31 g/t Au. These intercepts are approximately 390 m north-northeast of JW17-04.
• JW17-08, which is approximately 250 m north-northeast of JW17-10, intersected 30.5 m of 0.73 g/t Au, including a higher-grade zone of 9.1 m of 1.41 g/t Au. Mineralization begins approximately 20 m below the current topographic surface and is open to the west, north and east.
• Gold cyanide shake tests on mineralized pulp samples indicate Jasperoid Wash is generally oxidized mineralization.
• Current drilling by Gold Standard and historical drilling by Westmont drilling have outlined a zone approximately 750 m long (striking north-northeast) by 350 m wide (east-west) of near-surface, shallow, oxide gold mineralization that remains open in all directions. Gold Standard has acquired the necessary permits to conduct an aggressive exploration program on this high-value target in 2018.
• The 2017 drilling has continued to establish the Pennsylvanian-Permian age carbonate rocks as an important gold host on the Carlin trend. Regionally, this highly prospective carbonate host section intersects the Carlin trend in the southern portion of Gold Standard's Railroad property. The gold mineralization at Jasperoid Wash, Dark Star and Dixie occurs in these favourable host rocks. The results at Jasperoid Wash appear to increase the potential for a further discovery at Dixie.

Jasperoid Wash drill results are as shown in the table.

                                  DRILL RESULTS

Drill hole          Intercept (m)        Thickness (m)       Grade (g/t Au)

JW17-04                13.7-68.6                 54.9                 0.89
Including              27.4-36.5                  9.1                 1.25
Including              44.2-56.4                 12.2                 1.66
                       79.2-83.8                  4.6                 0.17
                     125.0-131.1                  6.1                 0.21
                     138.7-140.2                  1.5                 0.14
JW17-08                   0-21.3                 21.3                 0.18
Including              27.4-57.9                 30.5                 0.73
                       38.1-47.2                  9.1                 1.41
                       70.1-76.2                  6.1                 0.26
                       80.8-96.0                 15.2                 0.20
                     100.6-102.1                  1.5                 0.16
                     106.7-108.2                  1.5                 0.14
                    123.5- 137.2                 13.7                 0.26
                     141.8-149.4                  7.6                 0.18
                     178.4-179.9                  1.5                 0.17
                     190.5-192.0                  1.5                 0.15
                     202.7-204.4                  1.5                 0.15
                     208.8-210.3                  1.5                 0.16
JW17-10                24.3-27.4                  3.1                 0.23
                       36.6-38.1                  1.5                 0.18
                      42.7-120.4                 77.7                 0.48
                     123.5-125.0                  1.5                 0.16
                     129.6-135.7                  6.1                 0.20
                     138.7-141.8                  3.1                 0.15
                     147.9-178.4                 30.5                 0.31
                     202.7-204.2                  1.5                 0.15
                     205.8-207.3                  1.5                 0.16
                     228.7-230.2                  1.5                 0.20
                     257.6-259.1                  1.5                 0.15

** Gold intervals reported in this table were calculated using a 0.14 g/t 
Au cut-off. Weighted averaging has been used to calculate all reported 
intervals. True widths are estimated at 70 to 90 per cent of drilled 
thicknesses.

Mac Jackson, Gold Standard's vice-president of exploration, stated: "We are successfully applying our Dark Star exploration model in targeting a Pennsylvanian-Permian debris flow carbonate hosted gold system at Jasperoid Wash. As results from these holes show, Jasperoid Wash is looking very similar to our shallow Dark Star oxide gold deposit at this early stage of exploration. The Jasperoid Wash deposit remains open in multiple directions, and we are well positioned to grow this new deposit in 2018."

Sampling methodology, chain of custody, quality assurance/quality control

All sampling was conducted under the supervision of the company's project geologists and the chain of custody from the project to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every 10th sample. The RC samples were delivered to either the ALS Minerals or Bureau Veritas Mineral Laboratories preparation facility in Elko, Nev., where they were crushed and pulverized. Resulting sample pulps were shipped to either the ALS Minerals or Bureau Veritas certified laboratory in Sparks, Nev., or Vancouver, B.C. Pulps were digested and analyzed for gold using fire assay fusion and an atomic absorption spectroscopy (AAS) finish on a 30-gram split. All other elements were determined by ICP analysis. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to insure accurate and verifiable results.

Drill hole deviation was measured by gyroscopic down hole surveys that were completed on all holes by International Directional Services or Minex of Elko, Nev. Final collar locations are surveyed by differential GPS by Apex Surveying LLC of Spring Creek, Nev.

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

About Gold Standard Ventures Corp.

Gold Standard is an advanced-stage gold exploration company focused on district-scale discoveries on its Railroad-Pinion gold project, located within the prolific Carlin trend. The Dark Star deposit, 2.1 kilometres to the east of Pinion, now has a National Instrument 43-101-compliant resource estimate consisting of an indicated mineral resource of 15.38 million tonnes grading 0.54 gram per tonne gold, totalling 265,100 ounces of gold, and an inferred resource of 17.05 million tonnes grading 1.31 g/t Au, totalling 715,800 ounces of gold, using a cut-off grade of 0.20 g/t Au. The Pinion deposit has an NI 43-101-compliant resource estimate consisting of an indicated mineral resource of 31.61 million tonnes grading 0.62 g/t Au, 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 (announced March 15, 2016).

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