GV Guerrero Ventures Inc

Gold Standard Ventures Corp. ("Gold Standard") (TSX VENTURE:GV)(OTCQX:GDVXF)
(www.goldstandardv.com) announced today that it has received positive assay
results from the first two holes drilled at its 100%-owned East Camp Douglas
project, in the Walker Lane District of Nevada.


ECD12-1, a -60 degrees hole completed to 786.5 feet (239.7m) on the Joe Vein
target. ECD12-01 intersected 30 feet of 0.029 ozAu/st (9.1m of 1.0g/t) from 0 to
30 feet (0 to 9.1m), and 57 feet of 0.065 ozAu/st (17.4m of 2.31g/t) from 520 to
577 feet (158.5 to 175.9m), including an interval of 4 feet of 0.273 ozAu/st
(1.2m of 9.4g/t). ECD12-03, a -60 degrees hole completed to 956.8 feet (291.6m)
on the North Camp Douglas target intersected 135 feet of 0.015 ozAu/st (41.1m of
0.503g/t) from 375 to 510 feet (114.3 to 155.5m). 


ECD12-01 and ECD12-03 are the first two holes of a ten hole, phase I drilling
program now in progress. "These are encouraging results from the first of
several targets to be tested within this geologically diverse, district-scale,
prospective gold opportunity," states Dave Mathewson, Gold Standard Ventures'
Vice President of Exploration. 


The East Camp Douglas project is located approximately 7 miles west of Mina in
Mineral County, on the Walker Lane Gold Belt, Nevada. The leased property
position is comprised of 277 unpatented lode claims and 80 acres of fee land
(approx. 5500 acres). A 30 hole drilling program has been designed, permitted
and bonded. Phase I drilling, comprised of about 10 holes to be completed on, or
about June 1 of this year, will provide an initial test of several targets.
Holes ECD12-07 and 08 are now in progress. This is the first core drilling
conducted on the property. The program is testing multiple target opportunities
identified through detailed geological mapping, surface sampling, and
district-wide dipole IP (induced polarization/resistivity) survey. The potential
presence of both low-grade bulk mineable and high-grade, bonanza vein targets in
both high sulfidation and low sulfidation geological settings is indicated. 


Gold Standard also reports an interesting zone of silver mineralization at its
Railroad project in hole RR12-01The gold values for this hole were announced
previously on April 26, 2012.This silver intercept consists of 30 feet of 9.32
ounces of silver from 1225 to 1255 feet (9.1 meters of 319.5 gAg/t from 373.4 to
382.5 meters), including one 5 foot interval of 25.5 ozAg/st, and a 4.5 foot
interval of 22.6 ozAg/st (876 and 775gAg/t, resp.) 


RR12-01 contains the thick, high-grade gold results reported on April 26, 2012
... 537 feet of 0.099 ozAu/st from 779 to 1316 feet (164m of 3.38g/t from 237.4
to 321.6m) This intercept also includes 140 feet of 0.274 ozAu/st from 915 to
1055 feet (42.7m of 9.40g/t from 278.9 to 321.6 meters). The silver results
reported herein followed the earlier gold assay report. 


"We have been encountering local but generally thin zones of silver
mineralization within and, in some localities, separate from the gold
mineralization, but this is the thickest and best grade of silver we have
encountered in our drilling to date. This 30 foot thick 9.3 ozAg/st zone occurs
below the high grade gold zone encountered in RR12-01 within a gold zone
averaging about 1g/t. This intercept potentially represents economically
significant thickness and grade of silver mineralization. The silver is not
accompanied by elevated base metals and appears to be associated with the
gold-related epithermal emplacement of metals. These silver results, in addition
to the gold assay results, demonstrate the presence of an unusually strong, and
diverse precious metal system in the North Bullion target zone," Mathewson said.
Currently at the North Bullion target, two core rigs are drilling holes RR12-04
and RR12-05, resp. Hole RR12-03, angled at -65 degrees east and located on site
RR11-03 was lost at 600 feet. Hole RR12-05, at -75 degrees east, is being
drilled at the same site as RR12-03 and is now progressing satisfactorily. 


Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance
for all Railroad Project samples: 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 East Camp Douglas drill samples are following the same protocol and are
being assayed by SGS Mineral Services, North America.


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.


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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