Gold Standard Ventures Corp.
TSX VENTURE : GV
OTCQX : GDVXF

Gold Standard Ventures Corp.

February 01, 2011 09:03 ET

Gold Standard Announces Further Drill Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2011) - Gold Standard Ventures Corp. ("Gold Standard") (TSX VENTURE:GV)(OTCQX:GDVXF) (www.goldstandardv.com) is pleased to report the results from incomplete drill hole, RR10-16. RR10-16, drilled to 274.3 meters, is a 250 meter (800 ft) northeastward offset of previously announced hole, RR10-8, which indicated the presence of a new gold discovery at the Company's Railroad project located on the Carlin Trend, Nevada. Three mineralized intervals were intersected in RR10-8: an uppermost zone of 6.1 meters of 0.585 g/t from 118.9 to 125.0 meters, a middle mineralized zone of 32 meters of 1.39 g/t gold from 266.7 to 298.7 meters, and a lower mineralized zone of 43.6 meters of 1.21 g/t gold from 341.4 to 384.0 meters.

Hole RR10-16 was a second RC drill hole from the same site as RR10-14, an RC hole that was lost at 268.2 meters (880 ft). RR10-16 has been cased and will be completed with core as soon as is possible in this year's exploration program. RR10-16 intersected 42.7 meters (140 ft) of anomalous gold mineralization starting at 231.6 meters to the bottom of the hole at 274.3 meters.

ASSAY SUMMARY OF DRILL HOLE RR10-16:
(minimum interval thicknesses of 3.1 meters (10ft), and cut-off of 0.340 g/t (0.01oz/st))
Drill hole (type) Td (m) From (m) To (m) Interval (m) Gold (g/t) Length (ft) Gold (oz/st)
               
RR10-16 (RC) incomplete hole 274.3 237.7 254.5 16.8 0.412 55 0.012
  And   266.7 272.8 6.1 1.12 20 0.033
               
These drill hole assays are weighted averages. Gold assays were completed by ALS Minerals, ALS Canada Ltd. using 30 gram charge, fire assay, with ICP final. Q&A includes inclusion of blanks, duplicates, and check standards into submitted sample batches and comparison with known results, with sample preparation in Elko, and assayed in Reno and/or Vancouver.

"The mineralized zone in RR10-16 appears to be in uppermost Webb Formation which we consider to be above the primary target zone of the lower Webb mudstone extending down into the underlying Devils Gate limestone. We also observed scattered grains of realgar in calcite stringers from 850 to 865 feet, and an increase in arsenic (up to 1975ppm), antimony (up to 602 ppm), and mercury (up to 20ppm) near the bottom of the hole suggest the presence of a strengthening mineral system. Unfortunately, the hole could not be completed late last year because of access deterioration, but we will get back to this hole and finish it with core as soon as possible. RR10-16 indicates a continuation of the new mineralized zone first intersected in RR10-11 located about 500 meters (1600 ft) to the south of RR10-16, and this mineral system has not been constrained in any direction except partially toward the southwest," quotes Vice President of Exploration Dave Mathewson.

The Company's Vice President of Exploration, David C. Mathewson, M.Sc., a non-independent Qualified Person, as defined by NI 43-101, Standards of Disclosure for Mineral Properties, has verified the technical information and evaluated interpretations contained in this news release.

Investor Relations Contract:

The Company also announces that Effective February 1, 2011, Gold Standard has retained San Diego Torrey Hills Capital, Inc. ("Torrey Hills") to act as investor relations consultants to the Company.

Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and micro-cap companies, primarily in the natural resource sector. Torrey Hills Capital will increase awareness about Gold Standard through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will allow Gold Standard to build and maintain an informed investor audience in both the U.S. and Canadian marketplace. Torrey Hills Capital will also develop a profile on Gold Standard for coverage on its website, www.babybulls.com, a website developed to showcase and provide exposure for emerging micro-cap companies to an audience of proven micro-cap investors.

Torrey Hills Capital has been engaged for an initial term of six months at a monthly fee of US$6,500. In addition, Gold Standard has agreed to the granting of options to purchase 200,000 common shares of the Corporation ("Common Shares" each a "Common Share") at today's closing price. The Options shall be subject to the terms of the Corporation's stock option plan and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange, which require that options granted to a consultant providing investor relations services must vest in stages over 12 months with no more than one-quarter of the options vesting in any three month period.

ABOUT GOLD STANDARD VENTURES – Gold Standard Ventures is focused on the acquisition and exploration of gold projects in North Central Nevada. Gold Standard currently holds a portfolio of projects totaling approximately 26,000 acres of prospective ground within North Central Nevada of which 15,349 acres comprise the flagship Railroad Gold Project.

On behalf of the Board of Directors of Gold Standard,

Jonathan Awde, President and Director

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. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. 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.

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

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