Mr. Jonathan Awde reports

GOLD STANDARD ANNOUNCES STRATEGIC PARTNERSHIP WITH ORION MINE FINANCE FOR US$22.5 MILLION

Gold Standard Ventures Corp. has entered into a binding letter of intent with Orion Mine Finance relating to a series of transactions, totalling approximately $22.5-million (U.S.).

Concurrently with the execution of the binding letter of intent, Orion has agreed to acquire $1,012,385 ($748,031 (U.S.)) in common shares of the company through market purchases and has purchased an additional 17,662,646 Gold Standard common shares at $1.12 per share for a total of $19,782,164 ($14.62-million (U.S.)) from an existing shareholder. Pursuant to the Orion transactions, Orion has committed to purchase an additional $6,950,151 ($5,135,326 (U.S.)) of Gold Standard common shares through a non-brokered private placement at $1.05 per share. Additionally, the company and Orion will enter into a silver streaming agreement for 100 per cent of the silver production on the company's South Railroad project in Nevada, United States, and at the Jasperoid Wash deposit, which is a limited portion of the lands owned or controlled by the company. Finally, Orion has agreed to provide a proposal for up to $200-million (U.S.) of financing support to the company to help finance the construction of the South Railroad project following the satisfaction of certain milestones.

Jonathan Awde, chief executive officer and a director of the company, commented: "We are very pleased to announce our strategic partnership with Orion, a strong and proven investor and lender to mining companies who are advancing along the path to potential production. They are now a strategic shareholder of the company and we look forward to potential financings from them in the future. We also look forward to advancing our infill drilling, permitting and feasibility study, which are our next key milestones for 2020 and 2021."

Orion equity investment

Pursuant to the Orion equity investment, Orion has agreed to purchase $1,012,385 ($748,031 (U.S.)) of Gold Standard common shares through market purchases. Orion has also purchased an additional 17,662,646 Gold Standard common shares at $1.12 per share for a total of $19,782,164 ($14.62-million (U.S.)) from an existing Gold Standard shareholder. Orion has also committed to purchase an additional 6,619,191 Gold Standard common shares at a price per share of $1.05 for aggregate proceeds of $6,950,151 ($5,135,326 (U.S.)) to the company.

Silver streaming agreement

Upon entering into the silver streaming agreement, Orion will purchase 100 per cent of the silver production from the South Railroad project and the Jasperoid Wash deposit for the life of mine at a price of 15 per cent of the prevailing market price for silver. In connection with the Silver Stream, Orion will make a deposit to the company of $2-million (U.S.). The Silver Stream will be guaranteed by the company and its direct and/or indirect subsidiaries that own the South Railroad project and the Jasperoid Wash deposit.

Financing support

Pursuant to the financing support, Orion has agreed to provide the company with a term sheet to provide up to $200-million (U.S.) of financing support to the company, following the satisfaction of mutually agreed milestones, to help finance the construction of the South Railroad project. In connection with the financing support, Orion shall be granted a right of first offer on any financial instrument for financing the company, including, but not limited to, streaming, royalty, prepay or offtake agreements for precious metals of the company. Orion's right of first offer does not include (i) any bought or overnight marketed equity or convertible debt deal with banks or brokers, (ii) project finance, term loans or a credit facility by a bank or syndicate of banks, (iii) a marketed high-yield offering underwritten by a bank, and (iv) any financing transaction with aggregate proceeds of up to $40-million (U.S.).

Closing of the Orion transactions is subject to the execution of definitive documentation, satisfaction of conditions precedent and regulatory approvals.

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 options and further consolidates the company's premier land package on the Carlin trend.

We seek Safe Harbor.