Gold Standard Announces C$25 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 21, 2016) -

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Gold Standard Ventures Corp. (TSX VENTURE:GSV) (NYSE MKT:GSV) ("Gold Standard" or the "Company") is pleased to announce a non-brokered private placement of up to 7,886,436 common shares in the capital of the Company (the "Common Shares") at a price of C$3.17 (the "Offering Price") per Common Share for total proceeds of up to approximately C$25,000,000 (the "Financing"). Goldcorp Inc. ("Goldcorp") (TSX:G) (NYSE:GG) has agreed to purchase, as a part of the private placement, 4,731,862 Common Shares of the Company at the Offering Price for total proceeds of approximately C$15,000,000.

The Financing is expected to close on or about October 28, 2016. At closing, it is anticipated that Goldcorp will own approximately 10.6% of the Company's issued and outstanding shares on an undiluted basis.

Proceeds received from the private placement will be used to acquire certain royalty interests on its flagship Pinion-Railroad Gold Project in Nevada (the "Project"), purchase land claims in close proximity to the Project, continue exploration on the Project and for general working capital purposes.

Jonathan Awde, President, CEO and Director of Gold Standard commented, "We are very pleased to be able to announce this strategic financing that will allow Gold Standard to continue aggressively exploring Railroad-Pinion and enable us to increase value on a per share basis. Our focus is expanding the high grade North Dark Star Deposit with mineralization now continuous over approximately 270m in a north-south direction and approximately 100m east-west. The deposit remains open in multiple directions. In addition, we believe the North Bullion Deposit has the potential to be a prolific high-grade, collapse breccia-hosted deposit."

The Common Shares will be subject to a statutory hold period in Canada of four months plus one day from the closing of the Financing.

Gold Standard will pay a cash commission in connection with the Financing. The Company has applied to list the Common Shares on the TSX Venture Exchange (the "TSXV") and the NYSE MKT LLC (the "NYSE MKT"). Listing will be subject to the Company fulfilling all of the listing requirements of the TSXV and the NYSE MKT.