To: Goose94 who wrote (21912 ) 9/23/2016 12:23:04 PM From: Goose94 Read Replies (1) | Respond to Battle Mountain Gold (BMG-V) issues 6.12M shares to Gold Standard Ventures (GSV-V)further to our news release of June 16, 2016 , the Company has issued a total of 6,126,185 additional shares to Gold Standard Ventures. GSV has now exercised all of its 5,240,717 warrants to acquire an additional 5,240,717 common shares of Battle Mountain at a price of CAD $0.37 per share for an aggregate purchase price of CAD $1,939,065 (the "Warrant Purchase Price"). In addition to the Warrant Shares, 885,468 shares have been issued on the basis set out in the paragraph following. a deemed price of USD $1.7359 (CAD $2.21) per share paid by GSV directly to the arm's length holder of the Royalty. Battle Mountain has now settled the Additional Advance from Gold Standard through the issuance of 885,468 common shares of Battle Mountain (the "Additional Advance Shares") at a fair value of CAD $0.47 per share. Prior to the issue by BMG of the Warrant Shares and the Additional Advance Shares, GSV owned 10,481,435 common shares of Battle Mountain. With the exercise of the Warrants and the issuance of the Additional Advance Shares, GSV now holds 16,607,620 common shares or approximately 28.2% of Battle Mountain's issued and outstanding common shares. In accordance with the policies of the TSX Venture Exchange, the Additional Advance Shares are subject to a hold period expiring January 17, 2017. GSV has advised that the Warrant Shares and Additional Advance Shares have been acquired by GSV as principal for investment purposes and that GSV has no present intention to acquire further securities of Battle Mountain although GSV may in the future and in accordance with applicable securities laws, increase or decrease its investment in Battle Mountain by acquiring or disposing of other securities of Battle Mountain, through the market, privately or otherwise, depending on market conditions or any other relevant factors. GSV has agreed to vote its shares of Battle Mountain in accordance with the recommendations of Battle Mountain's board of directors until November 6, 2017 and give Battle Mountain prior notice of any sales of shares exceeding 2% of Battle Mountain's then issued and outstanding shares in any 15 day period for so long as GSV owns not less than 9.9% of Battle Mountain's issued and outstanding shares. The Warrants now having been exercised, a report respecting the acquisition of the Warrant Shares and the Additional Advance Shares is being electronically filed by GSV with the applicable securities commission in each jurisdiction where Battle Mountain is reporting and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com . Additional Royalty reduction option As set out in the June News Release, Battle Mountain and GSV have the collective right to further reduce the Royalty from 3.5% to 2.5% by paying the royalty holder the amount of USD $2,150,000, payable one-half in cash and one-half in GSV shares, for a two year period which may be extended for a further one year upon payment of an additional USD $250,000. www.battlemtngold.com On behalf of the Board of Directors of "Chet Idziszek" Chet Idziszek, President
