GV Guerrero Ventures Inc

Gold Standard Ventures Corp. ("Gold Standard") (TSX VENTURE:GV)(OTCQX:GDVXF)
(www.goldstandardv.com) reported today that a new hole, RR 12-1, has intersected
537 feet (164 meters) of 0.099 ozAu/st (3.38 g/t Au) including 140 feet (42.7
meters) of 0.274 oz Au/st (9.40 g/t Au). This intersection includes 12
intercepts (each about 5 feet in length) which assayed greater than 0.3 ozAu/st
(10 g/t Au) to as high as 0.75 ozAu/st (25.6 g/t Au). 


Drill holes RR 12-1 and RR 12-2, commenced in February, were flatter angled -55
degree exploration holes from sites earlier drilled with -70 degree holes. These
holes were drilled eastward to focus on a potential high-grade feeder previously
discovered in hole RR11-16 within the North Bullion Fault Zone ("NBFZ") as
announced on February 22, 2012. RR12-1 is located about 300 feet north of
RR12-02. Both of these holes were designed to further assess the generally
north-south-trending NBFZ target and intersect high-grade feeder mineralization
within this target zone (see location link
http://goldstandardv.com/conference/conf-may-2012.html). 


Highlights of 12-1 include;



--  Thick (537 feet/164m) interval of continuous gold mineralization. 
--  Drilled at -55 degrees from the same site as RR11-18 which was drilled
    at -70 degrees and intersected 255 feet of 0.048 ozAu/st (77.8m of
    1.63g/t) including 110 feet of 0.075 ozAu/st (33.5m of 2.58g/t). 
--  Approximately a 300 feet northerly step-out from RR 11-16 which
    intersected 185 feet of 0.125 ozAu/st (56.4m of 4.29g/T) including 60
    feet of 0.214 ozAu/st (18.3m of 7.34g/t). 
--  Prematurely terminated in gold mineralization at 1316 feet due to bad
    rock conditions. 
--  Continues to affirm that the NBFZ mineralization is similar to the
    larger, more robust gold deposits in the northern portion of the Carlin
    Trend. 



This gold intercept confirms and expands the potential of a major gold deposit
discovery within the NBFZ target of Gold Standard's Railroad project on the
Carlin Trend, Nevada. 


A conference call will be held by the company at 2:00pm EST to discuss today's
release and the ongoing exploration program at Railroad. Dial in numbers are
provided at the end of this press release.


Assay results are also available for drill hole RR12-2, angled eastward at -55
degrees, an offset of, and from the same site as, RR11-16 -70 degrees. 


See the table included herein for significant intercepts within drill holes
RR12-1 and RR12-2. 


Dave Mathewson, Gold Standard's Vice President of Exploration, states that, "We
are drilling a large zone of strong gold mineralization that remains open in
almost all directions. This mineralization has all the characteristics expected
of a large and strong gold system and is typical of some of the major gold
deposits located on the Carlin Trend and elsewhere in Nevada." 


The high grade gold zones occur within very complex, commonly silicified,
baritic, alunitic, and sulfidic tectonic and coincident dissolution created
collapse breccias. High-grade gold zones, greater than 0.2 ozAu/st, are also
characterized by the presence of abundant "sooty" sulfides, and realgar and
orpiment (arsenic sulfides).


Drilling is in progress with two core drills in the NBFZ target area. "With
these recent very positive drill results, we will be stepping up our exploration
effort within this target area. These results are from only the first target
which we have aggressively pursued starting in 2010 within the Railroad
exploration program. This bodes well for many of the other targets we are
developing and intending to pursue on the property, especially perhaps the
nearby Railroad Fault zone, a close analog to Newmont's and Premier Gold's Rain
Fault gold zone located just to the north in the Rain mining district. Frankly,
we are in the very early stages of exploring the Railroad district, especially
given its now established credentials for strong gold mineralization. I also
wish to add that with our recent staff additions, we have an exploration team as
good as any in Nevada. I know this team is up to the challenge of dealing with
the very geologically complex, district-scale, gold discovery opportunity of the
Railroad Project," Mr. Mathewson said. 


Drill testing of the North Bullion Target Zone has to date defined
gold-mineralized breccia bodies in the carbonate rocks more than 1500 feet
thick, over 800 feet along strike, and several hundred feet in width. The
presence of high value gold mineralization within this target zone has also been
established and it remains open in most directions. At least two more core rigs
will soon be mobilized onto the target. RedCor Drilling Company, Gold Standards'
core drilling contractor, has been and will continue drilling seven days per
week without breaks on the challenging and complex NBFZ target for the
foreseeable future.




HOLE #             TD    FROM      TO    INT.    GOLD  OTHER    INT.    GOLD
                  (M)     (M)     (M)     (M)   (G/T)           (FT) (OZ/ST)
----------------------------------------------------------------------------
RR12-1(1a)      401.1   237.4   401.1   163.7    3.38          537.0   0.099
(Core)                                                                      
-55 degrees                                                                
 East           Incl.   278.9   321.6    42.7    9.40          140.0   0.274
                        300.5   307.2     6.7    16.4           22.0    0.48
----------------------------------------------------------------------------
RR12-2                  189.0   206.7    17.7   0.414           58.0   0.012
(Core)                  217.9   224.9     7.0   0.359           23.0   0.010
-55 degrees                                                                
 East                   256.0   271.0    15.0    1.16           49.0   0.034
                Incl.   258.5   262.7     4.3    3.20           14.0   0.093
                        313.9   322.2     8.3   0.367           27.0   0.011
                        326.7   342.1    15.4   0.960           50.5   0.028
                        349.0   352.0     3.0   0.614           10.0   0.018
                        356.9   385.9    29.0   0.980           95.0   0.029
----------------------------------------------------------------------------
                                                                            
(i)note: the gold intervals reported in the above table are based on a      
0.34ppm (0.01 ozAu/st) cutoff. The reported gold intervals may, or may not  
represent true thicknesses and, or widths. In general, the gold distribution
within these large, complex tectonic and collapse breccia bodies tends to be
irregular and determinable by grade breaks only.                            



Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance: 

All sampling was conducted under the supervision of the Company's project
geologist and the chain of custody from the drill to the sample preparation
facility was continuously monitored. Core was cut at the company's facility in
Elko and one half was sent to the lab for analysis and the other half retained
in the original core box. A blank, quarter core duplicate or certified reference
material was inserted approximately every tenth sample. The samples are
delivered to ALS Minerals preparation facility in Elko. The samples are crushed
and pulverized and sample pulps are shipped to ALS Minerals certified laboratory
in Vancouver where they are digested and analyzed using fire assay fusion and an
atomic absorption spectroscopy (AAS) finish on a 30 gram split. Data
verification of the analytical results includes a statistical analysis of the
duplicates, standards and blanks that must pass certain parameters for
acceptance to insure accurate and verifiable results.


The scientific and technical content and interpretations contained in this news
release have been reviewed, verified and approved by Steven R. Koehler, Gold
Standard's Manager of Projects, BSc. Geology and CPG-10216, a Qualified Person
as defined by NI 43-101, Standards of Disclosure for Mineral Projects.


CONFERENCE CALL:

A conference call to discuss this drilling update will be held at 2:00PM(EST) on
April 26, 2012. Investors are invited to participate by connecting to the call
using one of the following dial-in numbers and asking to be placed in the Gold
Standard Conference call:


Date: April 26, 2012

Time: 2:00PM Eastern Standard Time

Dial in Number: 1- 647-426-1845 or toll free 1-866-782-8903

The call will be hosted by Jonathan Awde, president and chief executive officer,
Dave Mathewson, Vice-President of Exploration. Callers should refer to the newly
posted slides on Gold Standard's website that will be referenced during the
meeting.


If you cannot participate in the live call, a replay will be available by
dialing one of the following replay numbers. You will be able to dial in and
listen to the conference two hours after the meeting end time, and the replay
will be available until May 9, 2012. Please enter the replay Passcode No. 991380
followed by the pound key.


Replay dial-in: 

Toll-free: 1-866-245-6755

International or local (Toronto): 1-416-915-1035

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 and the Walker Lane of
which 18,130 acres comprise the flagship Railroad Gold Project on the productive
Carlin Gold Trend.


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.


All of the forward-looking statements made in this news release are qualified by
these cautionary statements and by those made in our filings with SEDAR in
Canada (available at www.sedar.com) and with U.S. Securities and Exchange
Commission on EDGAR (available at www.sec.gov/edgar.shtml) and in other reports
on our website at www.goldstandardv.com at Investors Information.

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