Approval For Railroad Project Plan Of Operation

VANCOUVER, BC - Gold Standard Ventures Corp. reported that its Plan of Operation (PO) for its 100%-owned Railroad Project in Nevada''s Carlin Trend has been approved by the U.S. Federal Government''s Bureau of Land Management. With this approval, Gold Standard can now explore key sections of public lands along the six-mile-long Bullion Fault Corridor it controls. Gold Standard''s major high-grade gold discovery in the North Bullion Fault Zone (NBFZ) sits within the northern portion of this corridor. Gold Standard''s geologists believe NBFZ high-grade mineralization continues within the corridor further north and south onto public lands.

To date, drilling has been almost exclusively on private lands in sections 27 and 33 which are permitted and bonded by a relatively simple and expeditious process administered by the Nevada Department of Environmental Protection. For the last two plus years, drilling on public lands has been limited to a maximum of five acres of disturbance which was permitted under a Notice of Intent. Permitting for more than five acres of disturbance on federally-managed public lands requires an approved PO including a comprehensive Environmental Assessment.

The now approved PO covers 3,169 acres (2620 acres of public land and 549 acres of private land) located in sections 28, 32, 33, and 34, Township 31N, Range 53E. Exploration-related disturbance and reclamation bonding can now be conducted in two phases of up to 50 acres in phase I and an additional 150 acres in phase II. This PO provides access to all of the key targets Gold Standard intends to pursue in the next several years. The map linked to this news release identifies these additional targets to be drilled in 2013 including the southern extension of the Bullion Fault Corridor, the Railroad Fault Zone target, the Central Bullion Skarn target, the Central Bullion copper-gold target, and the recently identified Cherry Springs Fault Zone and Webb Creek Fault Zone targets.

Dave Mathewson, Gold Standard''s Vice President of Exploration, elaborated: "Our first priority remains the NBFZ. We will have two or three core drills operating on this target through the winter. We are able to do this because the area is at a low elevation, has firm, relatively-flat road access and an available water source within the area of the drilling. Approximately ten to twelve holes will be drilled on this target through the winter. We have completed four core holes in the NBFZ since our last release on September 18, 2012 and we expect to be able to announce additional results from this target shortly. We are also in the process of designing the 2013 program to address the other target opportunities now that we have the PO."

The southern extension of the very important Bullion Fault Corridor was discovered in late 2010 and has only received three exploration holes, all of which were drilled early in the program without the benefit of the CSAMT geophysical data which has proved invaluable in siting drill locations. With the PO now approved, this target can be aggressively pursued southward.

The Railroad Fault Zone target has also received limited drilling assessment over the past three years pending approval of the PO. Results to date include: 50ft of 0.377gAu/T (0.011 oz Au/st) oxide in RR11-06, and two high grade silver intervals consisting of 5ft of 60.1 oz Ag/st and 2 ft of 241 oz Ag/st in RR11-13 at the bottom of the hole. This unusually rich occurrence merits further work. The nearby POD deposit, consisting of a non-43-101 compliant resource of one-hundred thousand ounces of gold at about 3gAu/T (the POD resource was completed prior to 2001 and NI 43-101, is historic in nature and is not to be relied upon), appears to represent the upper, exposed portion of a wide west-northwesterly-trending prospective fault zone. Permissive rock units are obscured by, and appear to underlie, a package of largely non-permissive, capping slide-blocks obscuring the target opportunity. West-northwest structural zones provide some of the better target opportunities on the Carlin Trend. An initial target assessment will be conducted next year with RC drilling.

A total of seven holes have been drilled by the Company into the Central Bullion Skarn target with one hole, RRB12-3, still in progress. To date, results have been limited to relatively thin but multiple zones of base and precious metals (see table of results). The Central Bullion skarns provided the host for essentially all the base and precious metal deposits mined at Railroad beginning in the late 1860''s through the 1880''s and also in the early 1900''s. Gold Standard believes these skarn-related targets have never been properly drill assessed and certainly have not been drilled for understanding with core. The Central Bullion area skarns provide a very good opportunity for high grades of base metals, gold and silver.

The Central Bullion Cu-Au Target Zone has historically received only relatively-shallow RC drilling including two holes drilled by Kinross Mining Co. in 1998-99. The target appears to have developed within contact metamorphosed (hornfelsed) siliceous sedimentary rock units along the northern flank of the Early Tertiary Bullion stock. Several of the holes intersecting this zone bottomed in copper with gold mineralization. It is believed that no core drilling has ever been conducted on this target.

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].