FINANCE: Gold Standard Announces Upsizing of Private Placement to $38 Million

VANCOUVER: Gold Standard Ventures Corp. is pleased to announce that, due to increased investor demand, the Company is increasing its previously announced non-brokered private placement (see news release dated October 21, 2016) to approximately C$38 million from the previously announced amount of approximately C$25 million. The Offering will now consist of up to 12,036,436 common shares in the capital of the Company offered at a price of C$3.17 per Common Share. Goldcorp Inc. 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 million. The Financing is expected to close on or about October 28, 2016. At closing, it is anticipated that Goldcorp will own approximately 10.3% 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, purchase land claims in close proximity to the Project, continue exploration on the Project and for general working capital purposes. 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 and the NYSE MKT LLC. Listing will be subject to the Company fulfilling all of the listing requirements of the TSXV and the NYSE MKT.