Gold Standard Acquires Additional Interests In The Pinon Gold Deposit

  

VANCOUVER, BC - Gold Standard Ventures Corp. has entered into a new lease agreement within the Pinon district encompassing approximately 18,676 net mineral acres, of which 2,620 net mineral acres of land is both within and contiguous to the south of the Company''s flagship Railroad gold project in Elko County, Nevada.

The new lease agreement grants Gold Standard the exclusive right to explore, mine and develop varying percentage holdings in portions of what the Company calls the South Railroad project, which includes the Pinon District immediately south of the Railroad District. This lease, when combined with the leases previously secured encompassing 4,128 net mineral acres grant Gold Standard control of approximately 6,748 net mineral acres within strategic sections located throughout the Railroad and Pinon Districts. The Company''s research estimates that this new acquisition gives it control of approximately 51 per cent of Pinon section 27 which contains the bulk of the historic South Bullion and Trout Creek gold deposits. Together, these occurrences are known as the Pinon Deposit and considerable geologic and exploration data exist for them in recognized peer-reviewed publications. The remaining interests in these lands are held by others including Manhattan Mining Company (MMC) on behalf of Royal Standard Minerals Inc.

In addition to securing the lease on 2,620 contiguous net mineral acres, Gold Standard has also secured the surface and water rights on 4,467 net surface acres, through a third party, within the Railroad and Pinon Districts. The surface agreement grants Gold Standard the sole general right of ingress and egress over, upon and across these surface tracts and therefore the sole right to use the surface tracts to explore, mine and develop these sections.

Gold Standard President and Chief Executive Officer Jonathan Awde states; "Securing the surface, mineral and water rights to key portions of the South Railroad and Pinon district further consolidates our interests in south Railroad and provides us with effective majority control of the Pinon district - a district that we feel represents an excellent opportunity to explore and develop additional gold discoveries."

Dave Mathewson, Gold Standard''s vice-president of exploration, noted; "The new acquisitions represent a very important step in enabling Gold Standard Ventures to apply its rapidly growing knowledge of the south Carlin area to explore a rich set of target opportunities. The acquisitions within Sections 3 and 15, T30NR53E, were critical in order to pursue targets further southward within the important Bullion Fault Corridor. With the acquisition of these mineral and surface leases in Sections 3 and 15, we effectively control 10 contiguous kilometers (6 miles) of this north-south trending Corridor along the east flank of our Railroad project, including discovery of the North Bullion deposit within Railroad section 27 in T31NR53E."

- Gold Standard Ventures Corp. has entered into a new lease agreement within the Pinon district encompassing approximately 18,676 net mineral acres, of which 2,620 net mineral acres of land is both within and contiguous to the south of the Company''s flagship Railroad gold project in Elko County, Nevada.

The new lease agreement grants Gold Standard the exclusive right to explore, mine and develop varying percentage holdings in portions of what the Company calls the South Railroad project, which includes the Pinon District immediately south of the Railroad District. This lease, when combined with the leases previously secured encompassing 4,128 net mineral acres grant Gold Standard control of approximately 6,748 net mineral acres within strategic sections located throughout the Railroad and Pinon Districts. The Company''s research estimates that this new acquisition gives it control of approximately 51 per cent of Pinon section 27 which contains the bulk of the historic South Bullion and Trout Creek gold deposits. Together, these occurrences are known as the Pinon Deposit and considerable geologic and exploration data exist for them in recognized peer-reviewed publications. The remaining interests in these lands are held by others including Manhattan Mining Company (MMC) on behalf of Royal Standard Minerals Inc.

In addition to securing the lease on 2,620 contiguous net mineral acres, Gold Standard has also secured the surface and water rights on 4,467 net surface acres, through a third party, within the Railroad and Pinon Districts. The surface agreement grants Gold Standard the sole general right of ingress and egress over, upon and across these surface tracts and therefore the sole right to use the surface tracts to explore, mine and develop these sections.

Gold Standard President and Chief Executive Officer Jonathan Awde states; "Securing the surface, mineral and water rights to key portions of the South Railroad and Pinon district further consolidates our interests in south Railroad and provides us with effective majority control of the Pinon district - a district that we feel represents an excellent opportunity to explore and develop additional gold discoveries."

Dave Mathewson, Gold Standard''s vice-president of exploration, noted; "The new acquisitions represent a very important step in enabling Gold Standard Ventures to apply its rapidly growing knowledge of the south Carlin area to explore a rich set of target opportunities. The acquisitions within Sections 3 and 15, T30NR53E, were critical in order to pursue targets further southward within the important Bullion Fault Corridor. With the acquisition of these mineral and surface leases in Sections 3 and 15, we effectively control 10 contiguous kilometers (6 miles) of this north-south trending Corridor along the east flank of our Railroad project, including discovery of the North Bullion deposit within Railroad section 27 in T31NR53E."