Gold Standard Ventures Corp. (NYSE AMERICAN: GSV) (TSX: GSV) is pleased to announce that it has closed its previously announced bought deal financing with a syndicate of underwriters led by BMO Capital Markets and including Canaccord Genuity Corp., National Bank Financial Inc., PI Financial Corp., Haywood Securities Inc., Paradigm Capital Inc., Stifel Nicolaus Canada Inc., and TD Securities Inc. A total of 39,215,000 common shares of the Company, which includes the full exercise of the over-allotment option by the Underwriters, were sold at a price of C$0.88 per Share for aggregate gross proceeds to the Company of C$34,509,200.

The net proceeds from the Offering will be used for development, permitting, and exploration activities at South Railroad Project and for general corporate purposes.

“We wish to thank our existing shareholders for their continued support in our financing, as well as welcome our new shareholders to Gold Standard,” said Jason Attew, President and CEO. “With the net proceeds from the Offering, we expect to be financed through the completion of our Feasibility Study and be able to continue enhancing the South Railroad Project.”

The Offering was made pursuant to a prospectus supplement dated February 11, 2021 to the Company’s short form base shelf prospectus dated September 28, 2020 filed in all the provinces and territories of Canada, and with the U.S. Securities and Exchange Commission as part of the Company’s registration statement on Form F-10 under the U.S./Canada Multijurisdictional Disclosure System. Copies of the Prospectus Supplement and the Base Shelf Prospectus are available on SEDAR at www.sedar.com, and copies of the Prospectus Supplement and the Registration Statement will be available on EDGAR at www.sec.gov.

About Gold Standard

Gold Standard is developing the South Railroad Project, an open pit, heap leach gold project located in Elko County, Nevada. The project is part of a +21,000 hectare land package on the Carlin Trend, and is 100% owned or controlled by Gold Standard. The goal of the Company is to become the low-cost junior producer of choice in Nevada, one of the premier mining jurisdictions in the world.