Gold Standard Provides an Update on Pinion Drilling and Other Corporate Matters

Gold Standard Ventures Corp. (TSX VENTURE:GSV)(NYSE MKT:GSV)(NYSE Amex:GSV)
("Gold Standard" or the "Company") announces that one core and four reverse
circulation holes have been completed in the Phase I drilling program at the
Pinion Project. Drilling at sites Core D, RC-1, RC-7, RC-8 and RC-9 is complete
and represents approximately 35% of the Phase 1 Pinion drilling (click the
following for Pinion drill hole map:
http://goldstandardv.com/proposed-pinion-holes/). The targeted multi-lithic
collapse breccia host has been intersected in all five holes. Samples from the
five completed holes are being assayed by ALS Chemex and all results are
pending.


The Phase 1 program consists of thirteen vertical drill holes designed to
confirm and verify historic drill results in the Pinion North and Main Zones,
test the predictability of the new geological model, expand the limits of known
mineralization, and collect material for density and metallurgical testing in
advance of an initial NI-43-101 resource estimation. 


The Phase 1 drilling is a limited program but will allow for a systematic
build-up of the geologic model and resource, with a more substantial Phase 2
planned for the second half of 2014. At Pinion, gold is hosted in an oxidized,
flat to gently dipping, dissolution collapse breccia. Lateral extent and
continuity of gold mineralization is excellent due to the channeling of the gold
system within highly permeable collapse breccia sandwiched between relatively
impermeable, silty micrite of the overlying Mississippian Tripon Pass Formation
and thick bedded, calcarenite of the underlying Devonian Devil's Gate Formation.
Previously unrecognized, intrusive rocks occur within the deposit and indicate
the presence of important deep-seated, through-going conduits.


The Company also announces that it has re-scheduled its 2014 annual general
meeting (the "2014 AGM"), including fixing a new record date, from June 26, 2014
to September 9, 2014. 


The Company's audited consolidated financial statements for the fiscal year
ended December 31, 2013 (the "2013 Financial Statements") to be presented to
shareholders at the 2014 AGM are included in the Company's Form 20-F dated April
28, 2014 filed with the Securities and Exchange Commission and applicable
securities regulators in Canada. These financial statements are available on
EDGAR at www.sec.gov and on SEDAR at www.sedar.com, and also our website at
www.goldstandardv.com.


The audit report of our independent registered public accountants to the 2013
Financial Statements contains a going concern explanatory note resulting from
the need for external financing to fund operations and exploration activities
after 2014. This press release and public confirmation of the going concern note
is required by Section 610(b) of the NYSE MKT Company Guide, which requires a
listed company that receives an audit report that contains a going concern
qualification to make a separate public announcement in the United States. 


Further to our news release of May 30, 2014 in connection with the proposed sale
of the Company's non-core early exploration assets to Tanqueray Exploration Ltd.
("Tanqueray") and the changeover of David Mathewson from Gold Standard to Chief
Exploration Officer and interim President and CEO of Tanqueray, the Company has
agreed to pay Mr. Mathewson a transition payment equal to one year's salary,
being US$220,000, of which US$55,000 is payable in 3 monthly cash installments
of US$18,333.33 and, subject to acceptance of the TSX Venture Exchange and
NYSE-MKT, the balance of US$165,000 through the issuance of approximately
248,338 common shares of the Company at a deemed price of C$0.72 per share.


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 drill to the sample preparation
facility was continuously monitored. Core was cut at the company's facility in
Elko and one half was sent to the lab for analysis and the other half retained
in the original core box. A blank, quarter core duplicate or certified reference
material was inserted approximately every tenth sample. The samples are
delivered to ALS Minerals preparation facility in Elko. The samples are crushed
and pulverized and sample pulps are shipped to ALS Minerals certified laboratory
in Vancouver. Pulps are digested and analyzed for gold using fire assay fusion
and an atomic absorption spectroscopy (AAS) finish on a 30 gram split. All other
elements are determined by ICP analysis. Data verification of the analytical
results includes a statistical analysis of the duplicates, standards and blanks
that must pass certain parameters for acceptance to insure accurate and
verifiable results.


The scientific and technical content and interpretations contained in this news
release have 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 NI 43-101, Standards of Disclosure for Mineral Projects.


ABOUT GOLD STANDARD VENTURES - Gold Standard is an advanced stage gold
exploration focused on district scale discoveries in Nevada. The Company's
flagship project, the Railroad-Pinion Gold Project, is located within the
prolific Carlin Trend. The recent Pinion gold deposit acquisition offers GSV a
potential near-term development option and further consolidates the Company's
premier land package in the Carlin Trend. Gold Standard is moving towards
building NI 43-101 compliant gold resources at both the near surface, oxide-gold
Pinion deposit and the classic Carlin style, North Bullion gold deposit in 2014.


Neither the TSXV nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) nor the NYSE MKT accepts
responsibility for the adequacy or accuracy of this news release.


CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 

This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. Such forward-looking statements reflect management's current
beliefs and are based on assumptions made by and information currently available
to the Company. All statements, other than statements of historical fact,
included herein including, without limitation, statements about our proposed
financing are forward looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Risk
factors affecting the Company include, among others: the results from our
exploration programs, global financial conditions and volatility of capital
markets, uncertainty regarding the availability of additional capital,
fluctuations in commodity prices; title matters; and the additional risks
identified in our filings with Canadian securities regulators on SEDAR in Canada
(available at www.sedar.com) and with the SEC on EDGAR (available at
www.sec.gov/edgar.shtml). These forward-looking statements are made as of the
date hereof and, except as required under applicable securities legislation, the
Company does not assume any obligation to update or revise them to reflect new
events or circumstances.


On behalf of the Board of Directors of Gold Standard,

Jonathan Awde, President and Director

FOR FURTHER INFORMATION PLEASE CONTACT: 
Gold Standard Ventures Corp.
Jonathan Awde
President
604-669-5702
[e-mail]
www.goldstandardv.com