Gold Standard Mining Corp. (OTCBB: GSTP) (?Gold Standard? or the ?Company?), an operator of a producing gold mine in Russia, announced today that it intends to begin a winter drilling exploration program on its Snezhinka Mineral Deposits.

The Company's hard rock mineral deposits at its Snezhinka property have reported reserves of 120 tons (4,200,000 ounces) of gold classified as C1 and P2 under the Russian reserve reporting system; 3 tons (105,000 ounces) of platinum; and 195 tons (6,800,000 ounces) of silver P2. Snezhinka is approximately 20 square kilometers (4900 acres) located in the Urka River Basin in Amur, Russia.

The main objective of the winter drill program is to upgrade the existing resource reports. The drill program will also include environmental work, metallurgical research and geotechnical drilling.

Although the Snezhinka deposits were first reported to be identified as early as 1885 as an alluvial deposit, further drilling and exploration began in around 1937. Not until 1997, however, was it estimated by the Amur Region Committee of Natural Resources that the resources at Snezhinka included ore gold of 90 tons (3,100,000 ounces) and 150 tons (5,200,000 ounces) of silver. In 2008, after additional exploration, drilling and research, reserves at Snezhinka were reported at:

120 tons (4,200,000 ounces) of gold classified as C1 and P2 under the Russian reserve reporting system;
3 tons (105,000 ounces) of platinum;
and 195 tons (6,800,000 ounces) of silver P2.

Araik Khachatrian, Chief Operating Officer and a Director of Gold Standard stated that: ?While we are extremely confident with the results reported on Snezhinka, we have determined that it would be in the best interests of the shareholders that we update the preliminary assessments and complete additional feasibility studies.?

ABOUT GOLD STANDARD MINING CORP. (OTCBB: GSTP)

Gold Standard Mining Corp. is a publicly held Nevada corporation, whose common stock trades on the over-the-counter bulletin board under the trading symbol GSTP. Gold Standard's mission is to become an over one million ounce per year producer of minerals from the vast resources of Russia, while benefiting from the skill base and engineering strength of the Russian mining sector with the support of Western technology, ?nance, and corporate governance.

The Company's operating subsidiary, RossZoloto, operates a producing gold mine in the far east of Russia near the Russo?Sino border. The Company currently produces gold from its alluvial mining operation on 12 claims with gold reserves of 3186 kilograms (112,000 ounces), with a gold content of 2 to 10 grams per ton and a gold standard of 763 to 933. The Company is currently producing about 200 ounces of gold per day during the mining season from its alluvial reserves.

The Company's hard rock mineral deposits at its Elnichnoe property have:

69 tons (2,400,000 ounces) of B+C1 gold reserves, which are the equivalent of measured reserves;
6 tons (211,000 ounces) of C2 gold reserves;
480 tons (16,900,000 ounces) of silver;
418,000 tons (921,000,000 pounds) of copper; and
6400 tons (14,000,000 pounds) of molybdenum.

The Company's total gold reserves are estimated at over 6 million ounces. The Company intends to continuing mining the alluvial reserves and to begin the mining of the hard rock reserves at Snezhinka and Elnichnoe while exploring and developing other projects.

Cautionary Note to U.S. Investors: The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this press release, such as ?reserves,? ?resources,? ?geologic resources,? ?proven,? ?probable,? ?measured,? ?indicated,? or ?inferred,? which may not be consistent with the reserve definitions established by the SEC. U.S. investors are urged to consider closely the disclosures in our Form 10-K. You can review and obtain copies of these filings from the SEC website at http://www.sec.gov/edgar.html.

Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements? as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on the Company's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors that the Company has little or no control. Such forward-looking statements are made only as of the date of this release and the Company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by the Company with the Securities and Exchange Commission.

National Financial Communications Corp.
Geoffrey J. Eiten, President
781-444-6100