Gold Standard Ventures Corp. Arranges C$11,950,000 Equity Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 24, 2011) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Gold Standard Ventures Corp. ("Gold Standard" or the "Company") (TSX VENTURE:GV)(OTCQX:GDVXF) is pleased to announce an agreement in principle for a non-brokered private placement of C$11,950,000 through the sale of 12,578,947 common shares at C$0.95 per share. The placement is subject to definitive agreements and regulatory approvals. The placement price represents a 9.4% premium to Gold Standard's 20-day VWAP.

FCMI Parent Co. ("FCMI") has agreed in principle to subscribe for 11,000,000 common shares of the placement. FCMI is a private corporation based in Toronto and controlled by Albert D. Friedberg and members of his family.

FCMI will have the right to nominate one member to Gold Standard's Board of Directors following closing and to participate, on a pro rata basis, in future equity financings of the Company for up to two years.

The net proceeds of the financing will be used to fund the advancement of Gold Standard's flagship Railroad Gold project in the southern Carlin Trend, additional exploration activities at its other projects in Nevada, and for general corporate purposes.

"We are very excited to arrange this financing with FCMI as it will allow us to advance our exploration efforts at our flagship Railroad Gold project and focus on making new gold discoveries in Nevada," remarked Jonathan Awde, President, CEO and Director of Gold Standard.

Dahlman Rose & Company, LLC ("Dahlman Rose") acted as Financial Advisor to Gold Standard and will be paid an aggregate cash fee of 7.0% of the gross proceeds from the private placement. Dahlman Rose will also receive warrants equal in number to 7.0% of the number of common shares sold pursuant to the private placement. The warrants will be exercisable for a period of two years at a price of C$0.95 per share.

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, CEO 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.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.