Gold Standard Ventures Corp. announced that it has entered into a binding Letter of Intent to sell its entire portfolio of non-core early exploration assets consisting of Crescent Valley, East Camp Douglas and East Bailey projects to Tanqueray Exploration Ltd. for cash and shares. As part of the divestiture, Gold Standard Ventures announced that, effective May 30th, co-founder, director and VP of Exploration Dave Mathewson will be stepping down as a director and officer of the company to assume responsibility for the direction of Tanqueray as its VP Exploration and interim President and CEO upon closing of the transaction.

Mr. Mathewson will remain a technical advisor to Gold Standard for a period of at least one year. Gold Standard announced that Senior Geologist, Mac Jackson, Jr., M.Sc. will become VP Exploration and will be joined by newly hired Chief Geologist John Norby, M.Sc.

Mac Jackson has over 17 years of experience as an exploration geologist, including 8 years with Newmont Mining Corporation.