Developing Nevada's Next Open-Pit,

Oxide, Heap Leach Gold Project!

August 2020

NYSEAMERICAN:GSV | TSX: GSV

SOUTH RAILROAD PROJECT GOLD RESERVES

GSV | TSX: GSV

Forward Looking Statements

TERMS OF USE AND DISCLAIMER - This presentation is being provided for the sole purpose of providing the recipients with background information about Gold Standard Ventures Corp. ("Gold Standard"). Gold Standard has made reasonable efforts to ensure that the information contained in this presentation is accurate as of the date hereof, however, there may be inadvertent or unintentional errors. No representation, warranty or guarantee, express or implied, is made as to the fairness, accuracy, completeness or correctness of information contained in this presentation, including the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, results or statements in relation to future matters contained in this presentation. The views and information provided herein are based on a number of estimates and assumptions that are subject to significant exploration, business, economic, regulatory and competitive uncertainties. See "Forward Looking Statements" below. Gold Standard is not liable to any recipient or third party for the use of or reliance on the information contained in this presentation.

This presentation provides information in summary form only, is not intended to be complete and does not constitute an offer to sell or the solicitation of an offer to buy any security. It is not intended to be relied upon as advice to investors or potential investors and does not constitute a personal recommendation or take into account the investment objectives, financial situation or needs of any particular investor. Gold Standard is not acting as agent or advisor and encourages the use of independent consultants, as necessary,prior to entering into transactions.

FORWARD LOOKING STATEMENTS - Except for the statements of historical fact contained herein, the information presented constitutes "forward looking statements" within the meaning of Canadian and United States securities and other laws. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "aims", "anticipates", "will", "projects", or "believes" or variations (including negative variations) of such words and phrases, or statements that certain actions, events, results or conditions "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward looking statements in this presentation include, among other things, statements regarding estimates of mineral reserves and resources; the opportunities for exploration, development and expansion of the Railroad-Pinion Project, including the future organic growth of many favourable targets; advancing South Railroad toward a feasibility study by 2021 and filing a Plan of Operations in late 2020; estimates of capital expenditures and operating costs related to South Railroad; future financial or operational performance, including the amount of future production at South Railroad and target share price; life of mine projections for South Railroad; the potential for production decisions; planned drilling and the potential for new discoveries within the Railroad-Pinion Project, including the potential for a multimillion-ounce deposit discovery; planned metallurgical, hydrology and geotechnical studies on the Pinion deposit, including the proposed program for 2020; the potential to increase oxide reserves and resources at the Pinion and Dark Star deposits, including the potential to convert Inferred mineral resources to Measured and Indicated; the potential to add additional mine life to the operations proposed in the 2020 preliminary feasibility study for the Pinion and Dark Star deposits; the Dark Star deposit development targets, including the potential high-grade targets at North Dark Star; the potential to define mineral reserves and resources at Jasperoid Wash and Pod/Sweet Hollow, including opportunities to expand oxide resource potential at the Pod/Sweet Hollow deposit; the proposed drill programs at Jasperoid Wash and Pod/Sweet Hollow; the oxide mineral resource mine development plan; and the expected exploration potential, value and operational synergies related to the Lewis Project.

These forward-looking statements and information reflect Gold Standard's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by Gold Standard, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: the expected results of proposed exploration programs; our mineral reserve and resource estimates and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the PFS; success of Gold Standard's projects, including the Railroad-Pinion Project; prices for silver and gold remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Gold Standard's projects; capital, decommissioning and reclamation estimates, including the availability of financing to complete proposed drilling and work programs; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour- related disruptions; potential director conflicts of interest not adversely affecting Gold Standard; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; all necessary drilling and mining equipment, energy and supplies being obtained in a timely and cost-efficient manner; Gold Standard's capital and operating costs will not increase significantly from current levels; key personnel will continue their employment with Gold Standard and Gold Standard's ability to recruit and retain additional qualified personnel; the ability to comply with environmental, health and safety laws; and the absence of any material adverse effects arising as a result of political instability, terrorism, sabotage, natural disasters, public health concerns, equipment failures or adverse changes in government legislation or the socio-economic conditions in Nevada and the surrounding area with respect to the Railroad-Pinion Project and operations. The foregoing list of assumptions is not exhaustive.

Gold Standard cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this presentation and Gold Standard has made assumptions and estimates based on or related to many of these factors. Such risk factors include, without limitation: Gold Standard's limited operating history; Gold Standard's history of losses and expectation of future losses; uncertainty as to Gold Standard's ability to continue as a going concern; the existence of mineral resources and mineral reserves on the Company's mineral properties; Gold Standard's ability to obtain adequate financing for exploration and development; Gold Standard's ability to carry out operations in accordance with plans in the face of significant disruptions, including the COVID-19 pandemic; Gold Standard's ability to convert mineral resource estimates previously classified as Inferred to Indicated or Measured; the uncertain nature of estimating mineral resources and mineral reserves; the involvement by some of Gold Standard's directors and officers with other natural resource companies; uncertainty surrounding the Company's ability to successfully develop its mineral properties; fluctuations in silver and gold prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); inadequate insurance, or inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in the United States, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters; risks related to natural disasters, climate change, terrorism, civil unrest, public health concerns (including health epidemics or pandemics or outbreaks of communicable diseases such as COVID-19) and other geopolitical uncertainties; decreased spending as a result of the COVID-19 pandemic which could adversely affect and harm Gold Standard's business and results of operations; and the additional risks identified in the sections "Cautionary Statement Regarding Forward Looking Statements and Forward Looking Information", "Risk Factors" and elsewhere in Gold Standard's Annual Information Form dated March 27, 2020, available on SEDAR atwww.sedar.com and Form40-Fdated March 27, 2020 available on EDGAR atwww.sec.gov/edgar.shtml.

Although Gold Standard has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, Gold Standard does not assume any obligation to update or revise them to reflect new events or circumstances.

CAUTIONARY NOTE FOR U.S. INVESTORS REGARDING RESERVE AND RESOURCE ESTIMATES -Canadian public disclosure standards, including National Instrument 43-101Standards of Disclosure for Mineral Projects ("NI 43-101"), differ significantly from the requirements of the Securities and Exchange Commission set forth in Industry Guide 7 ("Industry Guide 7"), and information concerning mineralization, deposits, mineral reserve and resource information contained or referred to herein may not be comparable to similar information disclosed by U.S. companies in accordance with Industry Guide 7. In particular, and without limiting the generality of the foregoing, this presentation uses the terms "proven mineral reserves," "probable mineral reserves," "measured mineral resources," ''indicated mineral resources'' and ''inferred mineral resources''. U.S. investors are advised that, while such terms are recognized and required by Canadian securities laws, Industry Guide 7 does not recognize them. The requirements of NI 43-101 for identification of ''reserves'' are not the same as those of Industry Guide 7, and reserves reported by the Gold Standard in compliance with NI 43-101 may not qualify as ''reserves'' under Industry Guide 7. Under Industry Guide 7, mineralization may not be classified as a ''reserve'' unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. U.S. investors are cautioned not to assume that any part of a "measured mineral resource" or "indicated mineral resource" will ever be converted into a "reserve". U.S. investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of "inferred mineral resources" exist, are economically or legally mineable or will ever be upgraded to a higher category. Under Canadian securities laws, estimated "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies except in rare cases. Disclosure of "contained ounces" in a mineral resource is permitted disclosure under Canadian securities laws. However, Industry Guide 7 normally only permits issuers to report mineralization that does not constitute "reserves" by Industry Guide 7 standards as in place tonnage and grade, without reference to unit measures. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with Industry Guide 7.

All scientific and technical information contained within this presentation has been prepared by, or under the supervision of, Steve R. Koehler, Gold Standard's manager of projects, BSc Geology, and CPG-10216, a qualified person as defined by NI43-101 standards for Disclosure for Mineral Projects.

Information in this presentation contains descriptions of our mineral deposits that may not be comparable to similar information made public by US companies subject to the reporting and disclosure requirements under US federal securities laws and regulations. See "Cautionary Note Regarding Mineral Resource Estimates" in the AIF.

2

Why GSV?

  • The South Railroad Project has a robust PFS with impressive IRR and NPV at gold price significantly below SPOT
  • GSV controls a very large, underexplored and strategically located land package in the Carlin Trend, one of the most prolific gold belts in North America, and in a favorable geopolitical area with ample room for future organic growth
  • Have current Market Cap of ~US$200M and PFS NPV of US$331.4M*
  • Analyst suggest a target share price range of US$1.13 to US$1.88
  • Advancing the feasibility and permitting processes, setting up the company for next stage, potential production decision.

* Scientific and technical disclosure for the Railroad-Pinion Project is supported by the technical report with an effective date of February 13, 2020, entitled "South Railroad Project NI 43-101 Technical Report, Updated Preliminary Feasibility Study, Carlin Trend, Nevada, USA", prepared by M3 Engineering & Technology Corporation

3

The Opportunity

Carlin Trend

Lewis

Railroad-Pinion

The Railroad-Pinion project is located in Nevada on the

Carlin Trend, a favorable mineral trend that hosts numerous

multimillion-ounce gold deposits.

Railroad-Pinion is an unparalleled 208 km2 land package

Battle Mtn - Eureka Trend

NEVADA

with many favorable targets that are considered excellent

for future organic growth

The GSV technical team has close to 300 years of cumulative

work experience, much of it on the Carlin Trend

GSV is advancing the South Railroad Project which

returned a very positive 2020 PFS and contains one

of the largest and newest discovered, unmined

oxide deposits, Dark Star, on the Carlin Trend

GSV is committed to advancing its project toward a

feasibility study by 2021 and filing a Plan of Operations,

targeted for early 2021, to further de-risk a potential

production decision

There is excellent potential to significantly increase oxide

reserves and resources at the Pinion and Dark Star deposits

There is potential to define other reserves and resources at

Jasperoid Wash and Pod/Sweet Hollow as well as new

exploration targets throughout the property

4

Company Highlights

Development

Exploration

ESG and Safety

  • Optimized PFS for the South Railroad Project published Q1 2020
  • Upside and growth potential at Dark Star and Pinion by converting Inferred resources to Measured and Indicated
  • Ongoing geotechnical, hydrology and engineering studies to further de-risk the project and complete a feasibility study targeted for delivery in 2021
  • Advanced permitting activities in progress
  • Focus is on adding immediate value to the South Railroad Project
  • New oxide discovery at the LT target (LT19-02: 12.2m of 1.58 g Au/t)
  • Completed initial resource estimate at the Jasperoid Wash deposit
  • Initiating review of opportunities to expand oxide potential at the Pod/Sweet Hollow deposit
  • Conducted initial resource estimate at the Virgin deposit on the Lewis Project
  • 3,000 consecutive days worked in Nevada without a Lost Time Accident - milestone achieved Q2 2020
  • Embedding ESG within our business culture
  • Multiple CSR initiatives within Elko County, NV
  • Inaugural ESG report to be published in 2020

5

Highlights of South Railroad 2020 PFS (USD)

Metrics

Initial Capital Expenditures

$132.9M

Life of Mine Capital Expenditures

$285.6M

Life of Mine Pre-Tax Cash Flow

$439.7M

Life of Mine Pre-Tax NPV(5%)

$331.4M

Life of Mine Pre-Tax IRR

46.1%

Life of Mine After Tax Cash Flow

$357.6M

Life of Mine After Tax NPV (5%)

$265.0M

Life of Mine After Tax IRR

40.0%

Cash Costs After By-Product Credit*

$582/oz

AISC*

$707/oz

Payback

3.3 years

Sensitivity to Gold Price

Base +$200

Base +$100

Base ($1400) Base -$100

Base -$200

Gold Price

$1600

$1500

$1400

$1300

$1200

Silver Price

$19.56

$18.33

$17.11

$15.89

$14.67

Pre-Tax Cash Flow

$623.0M

$531.3M

$439.7M

$348.1M

$256.5M

Pre-Tax NPV (5%)

$481.2M

$406.3M

$331.4M

$256.5M

$181.6M

Pre-Tax IRR (%)

61.3%

53.8%

46.1%

38.1%

29.6%

After Tax Cash Flow

$506.3M

$432.1M

$357.6M

$282.9

$207.6

After Tax NPV (5%)

$386.5M

$325.9M

$265.0M

$204.0M

$142.4M

After Tax IRR (%)

53.3%

46.8%

40.0%

33.0%

25.4%

The PFS was conducted using assumed metal prices of $1,400/oz gold and $17.11/oz silver. The mineral reserve estimate that provides the basis for the PFS was conducted at assumed metal prices of $1,250/oz gold and $15.30/oz silver. Scientific and technical disclosure for the Railroad-Pinion Project is supported by the technical report with an effective date of February 13, 2020, entitled "South Railroad Project NI 43-101 Technical Report, Updated Preliminary Feasibility Study, Carlin Trend, Nevada, USA", prepared by M3 Engineering & Technology Corporation

* See "Non-GAAP Financial Measures" in the Appendix of this Presentation.

6

Target Rich - 208 km2 - Land Package

South

Railroad

Project

South Railroad Project

  • Dark Star
  • Pinion

Advanced Exploration/Development

  • Jasperoid Wash
  • Pod/Sweet Hollow
  • North Bullion

Other Targets

  • LT
  • Ski Track
  • Dixie
  • Hidden Star
  • Bald Mtn
  • North of North Dark Star
  • Other

7

South Railroad Development Highlights

South Railroad Project

Dark Star Deposit

Pinion Deposit

  • Optimized and updated PFS completed February 2020
  • P&P mineral reserves: 1.246M oz Au and 2.705M oz Ag
  1. 6,515 K Tonnes @ 1.27 g Au/t Proven & 40,829 K Tonnes @ 0.75 g Au/t Probable
    1. 1,081 K Tonnes @ 5.48 g Ag/t Proven & 16,887 K Tonnes @ 4.64 g Ag/t Probable)
  • Pre-taxIRR 46.1% and NPV US$331.4M (5%) with ASIC of US$707 at US$1,400 Au
  • Feasibility study in progress; Plan of Operation submission to BLM targeted in early 2021
  • Open near-surface oxide mineralization to the north, east and south
  • 20 RC holes (~2,200m) and 9 sonic holes (~750m)
  • Outcrop mapping and sampling to define new targets along strike of the Outcrop and Sirius faults
  • Near-surfaceoxide mineralization open to the south
  • Potential resource expansion in 2020 by moving Inferred to Measured and Indicated
  • Infill drilling ~75 RC and core holes (16,200m)
  • Additional metallurgical, hydrology and geotechnical studies planned

8

Oxide Resource Mine Development Plan (potential)

  • Pinion Resource (~400Koz)
  1. US$1400 Resource/step-out to south
    1. Initial phase of drilling to establish baseline resource potential, hydrology, and geochemistry
  • Dark Star Additions (~50-100Koz)
    1. Qc gravels east of Dark Star
  1. Southern extension
    1. North (7.2 g Au/t at surface, expansion to north)
  • Jasperoid Wash (~150-300Koz)
    1. Expand shallow oxide mineralization to the east and north
    1. Test soil anomalies to the south
    1. Follow structurally controlled mineralization to the west
  • Pod/Sweet Hollow Oxides (~135Koz)
    1. Test for oxide resource expansion opportunities
  1. Initial metallurgical drilling and test programs to confirm oxide classification

9

Oxide Resource/Reserve Growth - Pinion

Reserve Pit

$1400 Au

Resource Cone

Resource step-out defined by US$1400

gold price. Potential resource expansion

of oxide Au and Ag

Currently defined by historic and wide

spaced drilling

Requirement to bring into reserve

o Infill Drilling (75 holes, 16,200m)

o

Metallurgical Testing

o

Hydrology Program

o

Geotechnical Testing

o

Mine Plan

Proposed program for 2020

100m

o

Drill 75 infill holes

o

Initial metallurgical testing

o Establishment of hydrology parameters

and baseline information.

o Detailed mapping/sample to better

define controls on mineralization

10

Summary Of Development Targets - Dark Star

Proposed 2020 drill sites Drill hole, trace

Saddle

East Dark Star

N

  • Offset the alteration found in the Ranch Hole
  • Extend and define the limits of surface mineralization at East Dark Star
  • Step out drilling to the south
  • Proposed development drill plan for 2020
    1. 20 RC holes, 2200 meters o 9 Sonic holes, 750 meters
  • Outcrop mapping and sampling testing extensions along Outcrop and Sirius Faults

11

Potential High-Grade Targets - North Dark Star

Ore Controls

  • WNW-,NW- and N-striking faults
  • Debris flow conglomerate
  • Defined by geologic mapping, surface channel samples and 3D Micromine model

Targets and Opportunities

  • > 18m of 3.08 g Au/t in drill cut; open surface oxide mineralization to be defined with shallow RC drilling
  • 2019 surface oxide mineralization to be included in next resource update
  • Drill footwall of Outcrop fault near the West fault
  • Drill WNW-striking faults intersecting the West fault

12

Other Development Targets - Dark Star

Dark Star

Main

Pit

  • Test for extensions of Dark Star to west along major structural break in 2D seismic
  • Test for extensions of North Dark Star associated with Outcrop Fault
  • Test for extensions of Dark Star to south along Sirius Fault associated with rock chips
  • Propose drill program: 8 Holes, 1,992 meters

13

Step-out Drilling - Jasperoid Wash

Mt

JASPEROID WASH

DEPOSIT

IPPcg

Mt

Tqfp

JW19-10

IPPsc

IPm

  • Offset positive near surface oxide intercepts from 2019 drilling
  • Proposed drill program
    1. 16 RC holes, 3,414 meters
  • Goals
    1. Expand shallow minable oxide resource to the east and north
  1. Test for extensions of structurally-

controlled mineralization to the west

  1. Evaluate soil targets to south and east of Jasperoid

Proposed drill hole

Drill hole, trace

GSV property boundary

14

Oxide Potential - Pod/Sweet Hollow

135K oz Au Oxide Resource at Pod/Sweet Hollow

Historic and wide spaced drilling, hosted primarily in Chainman Sandstone. Historic drilling highlights:

o Pod: 60.56m @ 3.78 g Au/t, 51.68m @ 3.37 g Au/t,

Pod13.68m @ 1.38 g Au/t, 56.24m @ 3.35 g Au/t & 48.64m @ 2.35 g Au/t

o Sweet Hollow: 62.48m @ 1.17 g Au/t & 71.44m @ 0.79 g Au/t

Sweet Hollow

  • Mine planning requires …
  1. Infill Drilling
    1. Metallurgical Testing
    1. Hydrology Program
    1. Geotechnical Testing
    1. Mine Plan
  • Proposed program
    1. 35 drill holes for 1,915m
    1. Initial metallurgical testing
    1. Establish hydrology parameters.
    1. Explore growth potential of resource

15

Follow-up Discovery Drilling - LT Target

Ddg

2019 drill hole LT19-02 intersected 12.2 m @ 1.58 g

Au/t, near-surface oxide

LT19-02

Proposed drill program

Dox

o 16 angle RC holes, 3,170 meters

o 2 angle core holes, 244 meters

Dsm

Goals

o Expand shallow oxide mineralized zone

encountered in LT19-02 along N-S fault/QFP

Tqfp

dike

o Wide-spacedstep-outs to south to test for

dike

extensions to mineralization on N-S fault,

fault intersections

Mc

Mtp

Proposed drill hole

Dbp

Drill hole, trace

Mw

Rock Chip Geochemistry

Au ppm

16

Taking active steps to embed ESG - Progress at a glance

17

Capital Structure & Financial Information

Shares*

Shares outstanding

284.4 million

Options

11.3 million

RSU's

1.7 million

Warrants

0.0 million

Fully Diluted

297.4 million

Cash

~ C$ 8.6 million

* All figures above are approximations

Major Shareholders*

Institutional ownership

54.0%

  • Van Eck Associates
  • Ingalls
  • Fidelity
  • CI
  • Tocqueville
  • Franklin

Newmont/GoldCorp Inc.

12.7%

FCMI

11.0%

Retail

17.5%

Insider and associates

4.8%

  • All figures above are approximations.

Gold Standard Ventures Corp

Listing

NYSE American & TSX

Symbol

GSV

52 week lo-hi (TSX)*

C$ 0.46- 1.46

52 week lo-hi (NYSE

US$ 0.27 - 1.11

American)*

Combined 3 monthavg.

~1.4M

trading daily volume*

* As of June 30, 2020.

Insiders

FCMI

Institutional

Newmont-

Goldcorp

OceanaGold

Retail

Current Analyst Coverage

* As of June 30, 2020.

Tyron Breytenbach

Stifel GMP

Andrew Mikitchook

BMO Capital Markets

Bhakti Pavani

Euro Pacific Capital

$1.10

Chris Thompson

PI Financial Corp.

Adam Graf

B Riley Financial

T

GSV

Michael Gray

Agentis Capital

18

Directors, Management & TechnicalTeam

Directors & Management - Proven Access to the Capital Markets

Jonathan Awde

Director - President & CEO / Co-Founder

William E. Threlkeld, MSc Econ. Geol.

Director

Ron Clayton

Director

Jamie Strauss

Director

Robert McLeod, P.Geo

Director

Bruce McLeod, P. Eng

Director

Alex Morrison

Director

Zara Boldt

Director

Michael Waldkirch

Chief Financial Officer

Glenn Kumoi

VP General Counsel & Corporate Secretary

Bill Gehlen, MSc Geology

Manager of Corporate Development, CPG

The Technical Team - Proven Ore Finders and Developers in Nevada

Don Harris, MSc Geology

General Manager, QP 43-101

Mark Laffoon, BSc Mining Engineering

Project Director, QP 43-101

Steven Koehler, BSc Geology

Manager of Projects, Senior Geologist, QP 43-101

Craig Mach, PhD Economic Geology

Senior Geologist, CPG 12013

Zach Grimac, BSc Geology

Staff Geologist

Jesse Heavin

Drilling Services Manager

James Wright, MSc Geophysics

Senior Geophysical Consultant

Gary Simmons, BSc Metallurgical Engineering

Senior Metallurgical Consultant

Dark Star Deposit

19

Targets and Milestones

  • Convert significant Inferred resources into Indicated and Measured reserves at Pinion and Dark Star with potential for adding additional mine life to the operations proposed in the 2020 PFS
  • Filing of the South Railroad Project Plan of Operation targeted for early 2021 further de-risking a potential future production decision
  • Additional resource development on various advanced exploration targets

20

A P P E N D IX

North Dark Star

21

Capitalizing on Market Downturns

Strategic Acquisitions

CURRENT PROPERTYPOSITION

Jasperoid

Wash

2018 TotalPosition:

52,731 acres (208km2)

* Partial and controlling interests are both represented

22

Lewis Project

2017 Amended Plan of

Operations Boundary

2017 EIS Proposed Pit Boundary

Non-shaded area controlled by NGM

  • Lewis Project has significant strategic value (21.6 km2 on the Battle Mtn. - Eureka mineral trend, adjacent to Nevada Gold Mines active Phoenix Project) but GSV does not receive any value for the project in the market
  • Some analysts value Lewis at USD $50M but suggest most of the value lies in a sale or a pushback agreement with the adjoining Phoenix Mine
  • An Inferred mineral resource estimate for the Virgin Deposit was prepared in accordance with NI 43-101
  1. 7.74 million tonnes
    1. 205,827 ounces of Au @ 0.83 g Au/t
    1. 3,537,268 ounces of Ag @ 14.22 g Ag/t
    1. Shallow Au and Ag mineralization is open to east and west with extensions to the north and at depth and the south end of the resource continues into the Phoenix open pit
  • Property contains other high value exploration targets:
    1. SW Skarn target (Hole FWL-30 intersected 17 meters @ 5.7 g Au/t open in several directions)
  1. Buena Vista - Meagher fault corridor N of Phoenix pit (Hole BVD-9A interecepted 27.4 meters of 2.20 g Au/t

23

Lewis Project - Virgin Deposit MRE

Table 1. Virgin Deposit MREat a lower cutoff of 0.20 g Au/t is summarizedbelow*:

Classification

Tonnage - Au

Au Grade

Contained

Ag Grade

Contained

AuEq

Contained

(million

(grams

Au**

(grams per

Ag**

Grade

AuEq****

metric tonnes)

per tonne)

(troy

tonne)

(troy

(grams per

(troy

ounces)

ounces)

tonne)

ounces)

Inferred

7.74

0.83

205,800

14.22

3,537,300

1.00

248,300

*Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There has been insufficient exploration to allow for the classification of the inferred resources tabulated as a indicated or measured mineral resource, however, it is reasonably expected that the majority of the inferred mineral resources could be upgraded to indicated or measured mineral resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future.

**Reported resources have been constrained within a US$1500/ounce of gold pit shell.

****Contained ounces may not add due to rounding. AuEq is based upon a ration of 80:1 Ag to Au.

Table 2. Sensitivity analysis of the Virgin Deposit mineral resource estimateat various cut-offs:

Cutoff

Tonnage -

Au Grade

Contained

Ag Grade

Contained

AuEq

Contained

(million

(grams per

Au**

(grams per

Ag**

Grade

AuEq***

metric

tonne)

(troy

tonne)

(troy

(grams per

(troy

tonnes)

ounces)

ounces)

tonne)

ounces)

0

9.01

0.73

211,200

13.49

3,909,700

0.89

258,100

0.1

8.67

0.76

210,600

13.82

3,850,500

0.92

256,800

0.14

8.43

0.77

209,600

13.92

3,773,100

0.94

254,900

0.2

7.74

0.83

205,800

14.22

3,537,300

1.00

248,300

0.3

6.43

0.95

195,300

14.85

3,068,900

1.12

232,100

0.4

5.14

1.09

180,800

15.58

2,574,100

1.28

211,700

0.5

4.14

1.25

166,400

16.29

2,171,300

1.44

192,500

24

Operational Synergies of the Lewis Project

25

Non GAAP Financial Measures

Non-GAAP Financial Measures

The Company has included certain non-GAAP financial measures in this presentation, including cash costs and all-in sustaining costs (AISC) per ounce of gold sold. These non-GAAP financial measures do not have any standardised meaning. Accordingly, these financial measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with International Financial Reporting Standards ("IFRS").

Cash Costs

Cash costs are reflective of the cost of production. The Company reports cash costs on an ounces of gold sold basis. Other companies may calculate these measures differently and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Cash costs reported by Gold Standard includes mining, processing, transport, refining, general administration costs of the mine operations and royalties, but are exclusive of amortization, reclamation, capital and exploration costs and net of any value of the by-products.

All-in Sustaining Costs

This presentation refers to expected AISC per ounce which is a non-GAAP measure however is a measure the Company believes more fully-defines the total costs associated with producing gold. This measurement has no standardized meaning under IFRS, accordingly there may be some variation in method of computation of "all-in sustaining costs" as determined by the Company compared with other mining companies. AISC reported by Gold Standard includes mine cash costs, land access payments, royalties, and sustaining capital expenditures, but excludes non-sustaining capitalized stripping and end of life reclamation costs. The life of mine AISC of $707/oz USD increases to $719/oz USD if end of mine life reclamation costs are included in accordance with the World Gold Council guidance on AISC.

26

Suite 610 - 815 West Hastings Street

Vancouver, BC. Canada V6C 1B4

T:604-669-5702F:604-687-3567

NYSE AMERICAN: GSV | TSX: GSV

info@goldstandardv.com

www.goldstandardv.com

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Gold Standard Ventures Corp. published this content on 03 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2020 18:01:03 UTC