Silas <Richard@goldstandardv.com>
Subject: GOLD STANDARD TERMINATES LETTER OF INTENT; DROPS NON-CORE ASSETS
PLAIN TEXT:
May 15, 2015 - Vancouver, B.C. - Gold Standard Ventures Corp. (TSXV: GSV; NYSE MKT:GSV) ("Gold Standard" or the "Compa
--->ny") announces that due to current market conditions it has terminated the letter of intent to sell its portfolio of n
--->on-core early exploration assets consisting of the Crescent Valley, East Camp Douglas and East Bailey projects to Tanq
--->ueray Exploration Ltd.. (TSXV: TQY) as first announced on May 30, 2014. The Company also intends to drop such assets
--->and terminate any underlying lease agreements which will result in annual maintenance cost savings in excess of US$400
--->,000 per year.
The Company will continue to focus its exploration efforts exclusively on its 100% owned/controlled Railroad-Pinion Pr
--->oject in Nevada's Carlin Trend as more particularly described in the Company's news release of April 28, 2015.
ABOUT GOLD STANDARD VENTURES - Gold Standard is an advanced stage gold exploration company focused on district scale d
--->iscoveries in Nevada. The Company's flagship project, the Railroad-Pinion Gold Project, is located within the prolific
---> Carlin Trend. The 2014 Pinion gold deposit acquisition offers 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 an NI43-10
--->1 compliant resource estimate consisting of an Indicated Mineral Resource of 20.84 million tonnes grading 0.63 grams p
--->er tonne (g/t) gold (Au), totaling 423,000 ounces of gold and an Inferred Resource of 55.93 million tonnes grading 0.5
--->7 g/t Au, totaling 1,022,000 ounces of gold, using a cut-off grade of 0.14 g/t Au (announced September 10, 2014). In a
--->ddition to the Pinion deposit NI43-101 compliant resource estimate, the Dark Star deposit, 2.1 km to the east of Pinio
--->n, now has an NI43-101 compliant resource estimate consisting of an Inferred Resource of 23.11 million tonnes grading
--->0.51 g/t Au, totaling 375,000 ounces of gold, using a cut-off grade of 0.14 g/t Au (announced March 3, 2015).
The scientific and technical content and interpretations contained in this news release have been reviewed, verified a
--->nd approved by Steven R. Koehler, Gold Standard's Manager of Projects, B.Sc. Geology and CPG-10216, a Qualified Person
---> as defined by NI 43-101, Standards of Disclosure for Mineral Projects.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exch
--->ange) nor the NYSE MKT accepts responsibility for the adequacy or accuracy of this news release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which relate to future events or future performance and reflect
---> management's current expectations and assumptions. Such forward-looking statements reflect management's current belie
--->fs and are based on assumptions made by and information currently available to the Company. All statements, other than
---> statements of historical fact, included herein including, without limitation, statements about our proposed explorati
--->on programs are forward looking statements. By their nature, forward-looking statements involve known and unknown risk
--->s, uncertainties and other factors which may cause our actual results, performance or achievements, or other future ev
--->ents, to be materially different from any future results, performance or achievements expressed or implied by such for
--->ward-looking statements. Risk factors affecting the Company include, among others: the results from our exploration p
--->rograms, global financial conditions and volatility of capital markets, uncertainty regarding the availability of addi
--->tional capital, fluctuations in commodity prices; title matters; and the additional risks identified in our filings wi
--->th Canadian securities regulators on SEDAR in Canada (available at www.sedar.com) and with the SEC on EDGAR (available
---> at www.sec.gov/edgar.shtml). These forward-looking statements are made as of the date hereof and, except as required
--->under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflec
--->t new events or circumstances.
CAUTIONARY NOTE FOR U.S. INVESTORS REGARDING RESERVE AND RESOURCE ESTIMATES
All resource estimates reported by the Company were calculated in accordance with the Canadian National Instrument 43-
--->101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly fr
--->om the requirements of the U.S. Securities and Exchange Commission for descriptions of mineral properties in SEC Indus
--->try Guide 7 under Regulation S-K of the U. S. Securities Act of 1933. In particular, under U. S. standards, mineral re
--->sources may not be classified as a "reserve" unless the determination has been made that mineralization could be econo
--->mically and legally produced or extracted at the time the reserve determination is made. Accordingly, information in t
--->his press release containing descriptions of the Company's mineral properties may not be comparable to similar informa
--->tion made public by US public reporting companies.
On behalf of the Board of Directors of Gold Standard,
"Jonathan Awde"
Jonathan Awde, President and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Jonathan Awde
President
Tel: 604-669-5702
Email: info@goldstandardv.com<mailto:info@goldstandardv.com>
Website: www.goldstandardv.com
HTML CONTENT:
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<div class="WordSection1">
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:justify">
<b><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">May 15, 2015 – Vanco
--->uver, B.C. –</span></b><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
---> <b>Gold Standard Ventures Corp.</b> (<b>TSXV: GSV; NYSE MKT:GSV</b>) (“Gold
Standard” or the “Company”) announces that due to current market conditions it has terminated the l
--->etter of intent to sell its portfolio of non-core early exploration assets consisting of the Crescent Valley, East Cam
--->p Douglas and East Bailey projects to Tanqueray
Exploration Ltd. (TSXV: TQY) as first announced on May 30, 2014. The Company also intends to drop such assets a
--->nd terminate any underlying lease agreements which will result in annual maintenance cost savings in excess of US$400,
--->000 per year.
<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:justify">
<span style="font-size:12.0pt;font-family:"Times New Roman","serif"">The Company will continue to
--->focus its exploration efforts exclusively on its 100% owned/controlled Railroad-Pinion Project in Nevada's Carlin Tren
--->d as more particularly described in the Company's
news release of April 28, 2015.<o:p></o:p></span></p>
<p class="Default" style="text-align:justify"><b><span lang="EN-CA">ABOUT GOLD STANDARD VENTURES
</span></b><span lang="EN-CA">– Gold Standard is an advanced stage gold exploration company focused on district
--->scale discoveries in Nevada. The Company’s flagship project, the Railroad-Pinion Gold Project, is located within
---> the prolific Carlin Trend. The 2014
Pinion gold deposit acquisition offers Gold Standard a potential near-term development option and further consolidate
--->s the Company’s premier land package on the Carlin Trend. The Pinion deposit now has an NI43-101 compliant resou
--->rce estimate consisting of
an Indicated Mineral Resource of 20.84 million tonnes grading 0.63 grams per tonne (g/t) gold (Au), totaling 423,000
--->ounces of gold and an Inferred Resource of 55.93 million tonnes grading 0.57 g/t Au, totaling 1,022,000 ounces of gold
--->, using a cut-off grade
of 0.14 g/t Au (announced September 10, 2014). In addition to the Pinion deposit NI43-101 compliant resource estimate
--->, the Dark Star deposit, 2.1 km to the east of Pinion, now has an NI43-101 compliant resource estimate consisting of a
--->n Inferred Resource of
23.11 million tonnes grading 0.51 g/t Au, totaling 375,000 ounces of gold, using a cut-off grade of 0.14 g/t Au (anno
--->unced March 3, 2015).<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:justify">
<span style="font-size:12.0pt;font-family:"Times New Roman","serif"">The scientific and technical
--->content and interpretations contained in this news release have been reviewed, verified and approved by Steven R. Koeh
--->ler, Gold Standard’s Manager of Projects,
B.Sc. Geology and CPG-10216, a Qualified Person as defined by NI 43-101, <i>Standards of Disclosure for Mineral Proje
--->cts</i>.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:justify">
<span style="font-size:12.0pt;font-family:"Times New Roman","serif"">Neither the TSXV nor its Regu
--->lation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the NYSE MKT accept
--->s responsibility for the adequacy or accuracy
of this news release.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:justify">
<b><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">CAUTIONARY NOTE REGARDING
--->FORWARD-LOOKING STATEMENTS
</span></b><span style="font-size:12.0pt;font-family:"Times New Roman","serif""><o:p></o:p></span>
---></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:justify">
<span style="font-size:12.0pt;font-family:"Times New Roman","serif"">This news release contains fo
--->rward-looking statements, which relate to future events or future performance and reflect management’s current e
--->xpectations and assumptions. Such forward-looking
statements reflect management’s current beliefs and are based on assumptions made by and information currently
--->available to the Company. All statements, other than statements of historical fact, included herein including, without
---> limitation, statements about
our proposed exploration programs are forward looking statements. By their nature, forward-looking statements involve
---> known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achieveme
--->nts, or other future
events, to be materially different from any future results, performance or achievements expressed or implied by such
--->forward-looking statements. Risk factors affecting the Company include, among others: the results from our explo
--->ration programs, global financial
conditions and volatility of capital markets, uncertainty regarding the availability of additional capital, fluctuati
--->ons in commodity prices; title matters; and the additional risks identified in our filings with Canadian securities re
--->gulators on SEDAR in
Canada (available at www.sedar.com) and with the SEC on EDGAR (available at www.sec.gov/edgar.shtml). These forward-l
--->ooking statements are made as of the date hereof and, except as required under applicable securities legislation, the
--->Company does not assume
any obligation to update or revise them to reflect new events or circumstances.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:justify">
<b><span style="font-size:10.5pt;font-family:"Times New Roman","serif"">CAUTIONARY NOTE FOR U.S. I
--->NVESTORS REGARDING RESERVE AND RESOURCE ESTIMATES</span></b><b><span style="font-size:10.5pt;font-family:"Times N
--->ew Roman","serif""> </span></b><b><span style="font-size:24.0pt;font-family:"Times New Roman&
--->quot;,"serif""><o:p></o:p></span></b></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;text-align:justify">
<span style="font-size:12.0pt;font-family:"Times New Roman","serif"">All resource estimates report
--->ed by the Company were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institut
--->e of Mining and Metallurgy Classification
system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission for
---> descriptions of mineral properties in SEC Industry Guide 7 under Regulation S-K of the U. S. Securities Act of 1933.
--->In particular, under
U. S. standards, mineral resources may not be classified as a “reserve” unless the determination has been
---> made that mineralization could be economically and legally produced or extracted at the time the reserve determinatio
--->n is made. Accordingly, information
in this press release containing descriptions of the Company’s mineral properties may not be comparable to simi
--->lar information made public by US public reporting companies.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:12.0pt;font-fam
--->ily:"Times New Roman","serif"">On behalf of the Board of Directors of Gold Standard,<o:p></o:p></s
--->pan></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:12.0pt;font-fam
--->ily:"Times New Roman","serif"">“Jonathan Awde”<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:12.0pt;font-fam
--->ily:"Times New Roman","serif"">Jonathan Awde, President and Director<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:12.0pt;font-fam
--->ily:"Times New Roman","serif"">FOR FURTHER INFORMATION PLEASE CONTACT:<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:12.0pt;font-fam
--->ily:"Times New Roman","serif"">Jonathan Awde<br>
President<br>
Tel: 604-669-5702<br>
Email: </span><a href="mailto:info@goldstandardv.com"><span style="font-size:12.0pt;font-family:"Times New Roman&
--->quot;,"serif"">info@goldstandardv.com</span></a><span style="font-size:12.0pt;font-family:"Times New Ro
--->man","serif""><br>
Website: www.goldstandardv.com<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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