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PRESS RELEASE
July 5, 2011, 9:15 a.m. EDT
Gold Standard Mining Corp. Seeking New Mining Opportunities in Russia

LOS ANGELES & MOSCOW, Jul 05, 2011 (BUSINESS WIRE) -- Gold Standard Mining Corp. (otcqb:GSTP) ("Gold Standard" or the "Company") announced today that it intends to seek new mining opportunities in Russia.
Gold Standard will pursue joint ventures, profit sharing arrangements, joint ownership of a company, or other arrangements that the Company believes to be economically viable for gold exploration. Important objectives for Gold Standard will be security of title, the right to expatriate profits, and minimization of taxes and royalties. Gold Standard intends to carry out and fund exploration and development work, with the objective of defining a reserve and producing a "bankable feasibility study" (BFS). The BFS will be carried out in collaboration with a well-recognized engineering firm that specializes in mining. The BFS will include estimates of capital and operating costs, economic parameters of the proposed mine, and recommendations as to development, including a development schedule. The BFS will be of a technical standard suitable for submission to financial institutions for procurement of construction financing.
Gold Standard has recently appointed Novichkov Oleg Petrovich as the Company's Vice President of Russian Operations. Mr. Petrovich is responsible for the operations of the Company's assets in the Amur Region of Russia. Mr. Petrovich has had significant involvement in the Amur Region as a Director of the Internal Economic Office and as the head of the Natural Resource Development Office. In addition, the Company has appointed Harutyun Mhitarovich Shatoyan as the Company's Vice President of Acquisitions. Mr. Shatoyan is responsible for identifying, negotiating and acquiring natural resources throughout Russia and the former Soviet States. Mr. Shatoyan is based in Moscow, Russia.
Pantelis Zachos, Chief Executive Officer of Gold Standard Mining stated, "We have known Mr. Petrovich and Mr. Shatoyan for a number of years on an informal basis and they have already demonstrated that they have the ability to help the Company grow and locate potential properties and opportunities based upon their contacts and extensive knowledge and understanding of conducting business in Russia." Mr. Shatoyan further stated that: "Based upon my personal experience, mining properties that exist for purchase/JV/profit sharing have had extensive exploration expenditures performed during the Soviet days. Considerable data on these properties exists in Russian government archives which should make it easier, cheaper, and faster to bring a property into production."
In order to carry out its exploration and development activities in Russia, the Company will be required to raise significant capital. The Company's current operating expenses are currently being funded by advances from Mr. Zachos.
It is estimated by the United States Geological Survey (USGS) that Russia has the world's third most extensive gold resources. In addition, Russia has attracted international mining companies such as Kinross and Petropavlovsk, which are the second and third largest producers of gold in Russia, as well as Highland Gold Mining Ltd., High River Gold Mines, Ltd., Barrick Gold Corp., Phelps Dodge Corp., Polyus Gold and Polymetal. One of the most proficient mining regions in Russia is the Amur Region. A basic overview of mining in Russia can be found at: https://www.mining-journal.com/__data/assets/supplement_file_attachment/0007/249406/Russia_scr.pdf and https://www.wealthdaily.com/articles/the-definitive-guide-to-russian-gold-stocks/269