Gold Standard Announces completion of CEO Succession with the Appointment of Jason Attew as President and CEO - Seite 2

Bruce McLeod, lead director of Gold Standard, said: "Jonathan Awde has been impressive and tireless as he created, financed and promoted Gold Standard.  He recruited, motivated and guided the highly capable and professional team that assisted him in acquiring, financing and advancing the Company’s properties in Nevada.  He has also been the key strategist for Gold Standard and this has been central to the Company’s successes to date. Jonathan has also been the point man for our investor base and has created a great deal of potential wealth for shareholders, wealth which will be realized well into the future.  Now he has been the key liaison in a recruitment process that will see leadership of our Company pass smoothly to a new CEO.  Jason has exceptional skills and experience as a mining executive and his capital markets expertise make him a worthy successor to our seminal achievements under Jonathan Awde.  It is a testimony to Jonathan's vision and to his selfless dedication to the advancement of Gold Standard that he initiated and drove Jason's recruitment and that he is facilitating a transition that will allow Jason to hit the ground running.  Our Company is lucky, both in having had Jonathan as its founder and leader, and in having secured Jason as our new leader.  Our board is very grateful for the outstanding achievements under Jonathan's leadership and we are delighted with our extraordinary prospects for continuing success under Jason's hand."

Mr. Awde will continue his support of the Company as a member of the Board of Directors.

In connection with his appointment as President and CEO, Mr. Attew has subscribed for 1,000,000 common shares of the Company at a price per share of C$0.854, which represents the 5 day volume weighted average price (“VWAP”) immediately preceding this announcement for aggregate proceeds of C$854,000 through a non-brokered private placement with the Company (the “Share Purchase”).

Mr. Attew is considered a “related party” of the Company, and the Share Purchase constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Take-over Bids and Special Transactions (“MI 61-101”). The Share Purchase is exempt from the formal valuation and the minority approval requirements of MI 61-101 as the fair market value of the consideration for the Share Purchase does not exceed 25% of the Company’s market capitalization. All of the terms and conditions of the Share Purchase, along with other matters relating to the CEO succession plan were reviewed and approved by the board of directors of the Company on December 2, 2020 (with Awde abstaining, due to his interest in the CEO succession plan).