Vancouver, B.C., June 29, 2011 – Gold Standard Ventures Corp. (“Gold Standard” or the “Company”) (TSXV: GV; OTCQX: GDVXF) www.goldstandardv.com is pleased to announce the results of the Annual General and Special Meeting of Shareholders held yesterday (the “AGM”). Rob McLeod was elected and Jonathan Awde, the President, Dave Mathewson, William Threlkeld, Ewan Downie and Richard Silas were re-elected as the Board of Directors of the Corporation for the upcoming year. In addition to the annual resolutions, including the appointment of auditors, a resolution was passed re-approving the Corporation’s existing stock option plan as required by the TSX Venture Exchange. The Corporation also received shareholder approval of the proposed shareholder rights plan initially announced on June 2, 2011 at its AGM. The Corporation wishes to thank its shareholders for the overwhelming support.
The Company also announces that, pursuant to its stock option incentive plan, it has granted certain employees, directors and advisors incentive stock options to purchase 450,000 common shares of the company at an exercise price of today’s closing price for a period of 5 years.
The stock options are subject to the terms of the Company’s stock option plan and regulatory approval.
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.
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.
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. See the section “Risk Factors” in the Company’s 2010 AIF. 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