Mr. Jonathan Awde of Gold Standard reports

GOLD STANDARD CLOSES C$13.8 MILLION STRATEGIC INVESTMENT WITH OCEANGOLD CORPORATION

Gold Standard Ventures Corp. has closed its previously announced private-placement financing with a wholly owned subsidiary of Oceanagold Corp. for 13,831,931 common shares of Gold Standard at a price of $1 per share for gross proceeds of $13,831,931. Oceanagold now owns approximately 19.9 per cent of the company's issued and outstanding shares on an undiluted basis. 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.

The purchased shares are subject to a statutory hold period in Canada of four months and one day expiring June 13, 2016. Gold Standard will pay a cash commission in connection with the financing.

The financing constitutes a related party transaction for the purposes of Multilateral Instrument 61-101, Protection of Minority Securityholders in Special Transactions, and the company has relied upon exemptions from the requirement to obtain a formal valuation and seek minority shareholder approval for the financing on the basis that the fair market value of the financing is less than 25 per cent of the company's current market capitalization.

Prior to the completion of the financing, Oceanagold, with an address of level 14, 357 Collins St., Melbourne, Victoria, 3000, Australia, owned 25,510,661 common shares of Gold Standard, representing 13.9 per cent of the issued and outstanding Gold Standard common shares. Following the completion of the financing, Oceanagold owns 39,342,592 common shares of Gold Standard. The acquisition of the purchased shares is for investment purposes only, and Oceanagold has no present intention to acquire further securities of the company, although Oceanagold may, in the future and in accordance with applicable securities laws, increase or decrease its investment in the company by acquiring or disposing of other securities of the company, through the market, privately or otherwise, depending on market conditions or any other relevant factors. Pursuant to the subscription agreement entered into between Oceanagold and the company related to the financing, Oceanagold agreed that, for so long as it owns 7.5 per cent or more of the issued and outstanding common shares of the company, the company shall have the right for a period of five business days to purchase or designate the purchasers of any common shares to be sold by Oceanagold exceeding 1 per cent of the issued and outstanding common shares in any 30-day period.

We seek Safe Harbor.