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Enter Symbol
or Name
USA
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Gold Standard Ventures Corp
Symbol GSV
Shares Issued 208,618,738
Close 2016-09-29 C$ 3.37
Market Cap C$ 703,045,147
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Gold Standard Ventures appoints McLeod as director

2016-09-29 07:49 ET - News Release

Mr. Jonathan Awde reports

GOLD STANDARD APPOINTS BRUCE MCLEOD AS A DIRECTOR

Gold Standard Ventures Corp. has appointed Bruce McLeod as a director of the company.

Jonathan Awde, a Gold Standard director and its chief executive officer, noted that Mr. McLeod strengthens the board's engineering expertise at a time when the company is pushing ahead with plans to begin defining the economics of its flagship Pinion-Railroad gold project in the Carlin trend of Nevada. "Bruce has a great deal of experience in all aspects of strategic planning, project development, mine finance, mergers and acquisitions. His extensive knowledge of the engineering issues involved in moving gold projects through the economic assessment process will be particularly valuable. We are very pleased that he has accepted our invitation to join our board."

Mr. McLeod is a mining engineer with over 30 years of experience in all areas of the mining industry. Most recently he was a director of Kaminak Gold Corp., which was acquired this year by Goldcorp Inc. for $520-million. Mr. McLeod is currently president and chief executive officer of Sabina Gold & Silver Corp. Prior to that, he served in a senior capacity with a number of successful junior mining ventures including: president and chief executive officer of Mercator Minerals Ltd.; president, chief executive officer and director of Creston Moly Corp.; and founder of both Sherwood Copper Corp. and Stornoway Diamond Corp. He also served on the boards of directors of Palmarejo Silver and Gold Corp. (acquired by Coeur D'Alene Mines for $1.2-billion) and Ariane Gold (acquired by Cambior Inc.), and has been involved in numerous projects at various stages of development while with the Northair Group. Mr. McLeod was the co-recipient of the Association for Mineral Exploration British Columbia's E.A. Scholz award for excellence in mine development in 2009.

Mr. McLeod commented that he was honoured to join the board of Gold Standard Ventures. "Gold Standard stands out as a unique opportunity in the junior gold mining industry today. It has outstanding assets with a rapidly growing resource in one [of the] best mining jurisdiction in the world, with the second-largest land position in the Carlin trend, an excellent technical team and the strong backing of sophisticated investors. I look forward to helping the company realize its potential value for the benefit of its shareholders."

The company also announced today that pursuant to its stock option incentive plan, the company today has granted certain employees, directors and consultants incentive stock options to purchase 522,500 common shares of the company at today closing price for a period of five years.

The stock options are subject to the terms of the company's stock option plan and regulatory approval.

About Gold Standard Ventures

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 (g/t) gold (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. 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).

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