High Grade Gold Intersects At Railroad Project

VANCOUVER, BC - Gold Standard Ventures Corp. reported results from four more core holes drilled into the North Bullion Fault Zone (NBFZ) target at its near 100% owned/controlled Railroad Project in the Carlin Trend of Nevada.

The new results confirm the emergence of a growing high-grade core zone. New drill hole RR12-10, drilled to the east at an angle of -60 degrees, intersected a 407 foot (124.1m) interval of continuous gold mineralization averaging 0.118 oz Au/st, (4.05 g Au/t). RR 12-10 is a 260 foot (80m) northward step-out from hole RR12-01, drilled to the east at -55 degrees, which intersected 537 feet (164m) of 0.099 oz Au/st (3.38 g Au/t). RR12-01 was, in turn, a 330 foot (100m) northward step-out from RR11-16, the NBFZ discovery hole drilled eastward at -70 degrees, which intersected 185 feet (56.4m) grading 0.124 oz Au/st (4.26 g Au/t). Each of these three holes returned significant intervals above 0.21 oz Au/st (7 g Au/t). RR12-18 and 12-19, now in progress, represent additional northward step-outs to explore the extension of this high-grade core zone.

Highlights of 12-10 include: Thick interval of 407 feet (124.1m) of 0.118 oz Au/st, (4.05 g Au/t) of continuous gold mineralization; A high-grade core zone comprised of 142 feet (43.3m) of 0.220 oz Au/st, (7.54 g Au/t) including 54 feet (16.5m) of 0.44 oz Au/st. (15.1 g Au/t); Similar high-grade has now been intersected in three holes spanning a north-to-south strike continuity of 590 feet (180 meters). The high-grade mineralization remains open to the north, east and west. Thick intervals of gold mineralization averaging 0.013 to 0.015 oz Au/st, (0.446 to 0.514 g Au/t) were encountered in nearly 1000 feet (305m) of core, almost to the bottom of the hole. RR12-10 expands the potential for a major gold deposit within the NBFZ and confirms that its mineralization is similar to the larger, more robust gold deposits on the northern part of the Carlin Trend.

Assay results were also released for core holes RR12-08, -09 and -11, also drilled into the NBFZ. RR12-08 and -09 returned relatively narrow intercepts of lower grade gold. Both of these holes were located prior to completion of the CSAMT geophysical program which has helped to define the more prospective targets for intercepting high-grade mineralization. RR12-08 was drilled 580 feet (175m) south and west of RR11-16, encountering a highly faulted and attenuated stratigraphic section while RR12-09 was drilled 2200 feet north of RR11-16 and was probably located too far to the west of the target zone. RR12-11 successfully intersected 19 feet of 0.10 oz Au/st (3.429 g Au/t). The extension of high-grade mineralization southward from RR11-16 remains enigmatic and is currently being reassessed from geological and CSAMT information for further drill testing.

Within the Bullion structural corridor, approximately 600 meters (2000 feet) to the south of the NBFZ target area, scout hole RR10-15, which was commenced in 2010 with an RC rig and completed this year with core, intersected 35.1 meters of 0.27 gAu/T. This intercept suggests the presence of another gold zone within the Bullion structural corridor.

Dave Mathewson, Gold Standard`s Vice President of Exploration, stated that "the results of RR12-10 are very positive. We are continuing to intersect thick intervals of gold mineralization including some very nice high-grade material. Gold mineralization remains open in almost all directions. We are expanding the limits of the system and we are beginning to understand the very important zones of high-grade mineralization. Better gold mineralization appears to be localized at the junctions of steeply-dipping tectonic breccias and essentially flat-lying dissolution collapse breccias. This configuration provides a combined flat-tabular-to-steep distribution of gold mineralization."

"We are also drilling additional targets at Railroad using what we have learned at the NBFZ combining the CSAMT with the gravity data template we devised from modeling the NBFZ discovery zone and applying it to the greater Bullion Fault zone corridor which hosts it. For this purpose, we are currently expanding the CSAMT survey primarily to the south, but also to the northwest. In addition, we are closing in on the completion of the Railroad Exploration Plan of Operation which provides the permitting required for a larger drill program on public lands. Once the plan is in place, we will be able to more aggressively expand our exploration along the north and south extensions of the Bullion Fault zone and also the prospective Railroad Fault zone corridor.," Mathewson said.

Gold Standard effectively controls the six mile (10 kilometers) long prospective Bullion Fault corridor of permissive host rock units. The NBFZ mineralization has all the characteristics expected of a large and strong gold system and is typical of some of the major gold deposits located on the Carlin Trend and elsewhere in Nevada. The high-grade gold zones occur within very complex, commonly silicified, baritic, alunitic and sulfidic, tectonic and coincident dissolution-created collapse breccias. High-grade gold zones of greater than 0.2 oz Au/st. are also characterized by the presence of abundant "sooty" sulfides and, locally, realgar and orpiment (arsenic sulfides).

The company's address is Suite 610, 815 West Hastings St., Vancouver, BC V6C 1B4, 604-669-5702, fax: 604-687-3567, email: [email protected].