Mr. Jonathan Awde reports

GOLD STANDARD DISCOVERS HIGH-GRADE OXIDE GOLD MINERALIZATION AT THE LT TARGET

Gold Standard Ventures Corp. has discovered a new high-grade oxide zone at the LT target on its 100-per-cent-owned/controlled Railroad-Pinion project in Nevada's Carlin trend. Reverse circulation hole LT19-02 intersected 12.2 metres of 1.58 grams per tonne gold, including 3.1 m of 5.16 g/t Au. The drill hole sits within a sizable area exhibiting high-grade surface gold in outcrop. LT is located approximately three kilometres north-northwest of Gold Standard's Pinion oxide gold reserve.

Jonathan Awde, chief executive officer and director of Gold Standard, commented: "Our recent South Railroad PFS demonstrates a project with robust operating margins. We continue to focus on enhancing the project economics, extending the mine life through the conversion of inferred ounces to reserves, and reducing the upfront capital costs. With the PFS milestone behind us, we are excited to be back exploring for new discoveries that could complement our current resources and reserves. LT is one of a handful of new opportunities that will now get the attention they deserve."

Key highlights from LT:

• LT19-02 intersected 12.2 m of 1.58 g/t Au, including 3.1 m of 5.16 g/t Au. Mineralization is near surface -- beginning at approximately 23 m below the current topographic surface and is well oxidized, with cyanide solubility assays averaging 89 per cent. These results confirm the discovery of high-grade oxide gold in the LT area that is open in all directions for additional drill testing.
• Gold mineralization is hosted in silicified, iron-oxide-bearing breccia in the hangingwall of a north-striking quartz feldspar porphyry dike. All of Gold Standard's previous discoveries (that is, Dark Star, Pinion, North Bullion, Jasperoid Wash and Dixie) are localized in dike-filled fault corridors, which are ideal structural locations for the development of gold systems.
• The LT19-02 intercept is located approximately 185 m north of surface outcrops that returned assay values ranging from less than 0.005 to 12.90 g/t Au from over a 400 m by 200 m area (see Oct. 11, 2018, news release). At this location, eight surface samples returned values exceeding 1.0 g/t Au, with four samples ranging from 4.50 g/t Au to 12.90 g/t Au. Gold mineralization is hosted in decalcified, silicified and oxidized multilithic breccia proximal to a north-striking igneous dike. Drilling has not yet tested the area of plus one g/t Au in surface outcrops.

LT is a high-value target that will receive exploration focus in 2020.

                     DARK STAR DRILL RESULTS 

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

LT19-01       drill hole lost before testing target -- not assayed
LT19-02             10.6-13.7               3.1               0.34
                    32.0-44.2              12.2               1.58
                    36.5-39.6               3.1               5.16
  

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

Don Harris, Gold Standard's general manager, commented: "The LT target is proximal to the recent reserves announced in the Gold Standard South Railroad PFS (see Oct. 24, 2019, news release). Additional work is required on the target, but the potential to add to the current inventory of resources and reserves on the project based on oxidation, grade and distance to Pinion, is good."

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

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, certified reference material or rig duplicate was inserted approximately every 10th sample. The samples were delivered to Bureau Veritas Mineral Laboratories' preparation facility in Elko, Nev., where they were crushed and pulverized. Resulting sample pulps were shipped to Bureau Veritas's 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 (inductively coupled plasma) 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 downhole surveys that were completed on all holes by International Directional Services of Elko, Nev. Final drill 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, and CPG-10216, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Gold Standard Ventures Corp.

Gold Standard is an advanced-stage gold exploration company focused on district-scale discoveries on its Railroad-Pinion project, located within the prolific Carlin trend. Gold Standard's successful exploration of Pinion and Dark Star has created potential near-term development option and further consolidates the company's premier land package on the Carlin trend.

We seek Safe Harbor.