UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-K  [x]ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934  For the fiscal year ended December 31, 2011  [  ]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934

For the transition period from _____________ to _____________ Commission file number: 000-53434  J.D. HUTT CORPORATION (Exact name of registrant as specified in its charter)   Nevada80-0250289(State or other jurisdiction of
incorporation or organization)(I.R.S. Employer Identification No.)15557 Pisa Lane92336Fontana, CaliforniaZip Code)  Registrants telephone number, including area code (909) 653-2696  Securities registered pursuant to Section 12(b) of the Act:  Title of each class Name of each exchange on which registered  None None  Securities registered pursuant to Section 12(g) of the Act:  Common stock, $0.001 par value (Title of class)  Indicate by check mark if the registrant is a well known seasoned issuer, as defined in Rule 405 of the Securities Act.  ̈ Yes   ý No  Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.    ̈ Yes   ý No  1     [gsm_10k002.gif]   Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   ý Yes    ̈ No  Indicate by checkmark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    o Yes     o No  Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  x  Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company in Rule 12b-2 of the Exchange Act.  Large Accelerated Filer
 ̈Accelerated Filer
 ̈Non-accelerated Filer
 ̈(Do not check if a smaller
reporting company)Smaller reporting company
ý  Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ýYes ̈No  The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrants most recently completed second fiscal quarter was $345,945.  The number of shares outstanding of each of the registrants classes of common stock, as of June 30, 2012, was 151,297,524 shares.  2   [gsm_10k004.gif]   TABLE OF CONTENTS   PART IItem 1.BUSINESS4Item 1A.RISK FACTORS6Item 1B.UNRESOLVED STAFF COMMENTS6Item 2.PROPERTIES6Item 3.LEGAL PROCEEDINGS6Item 4.[Removed and Reserved]6PART IIItem 5.MARKET FOR THE REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES6Item 6.SELECTED FINANCIAL DATA8Item 7.MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS8Item 7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK12Item 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA13Item 9CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE25Item 9A.CONTROLS AND PROCEDURES25Item 9B.OTHER INFORMATION27PART IIIItem 10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
1527Item 11.EXECUTIVE COMPENSATION28Item 12.SECURITIES OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS30Item 13.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE30Item 14.PRINCIPAL ACCOUNTING FEES AND SERVICES31Item 15.EXHIBITS, FINANCIAL STATEMENTS SCHEDULES31  References in this Report to the Company, we, us or our refer to J.D. Hutt Corporation, a Nevada corporation (JD Hutt), and its consolidated subsidiary Gold Standard Mining Corp., a Wyoming corporation (GS Wyoming).  3   [gsm_10k006.gif]   FORWARD LOOKING STATEMENTS This Report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements concern the Companys anticipated results and developments in the Companys operations in future periods, planned exploration of its properties, plans related to its business and other matters that may occur in the future.  These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.  Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as believes or does not believe, expects or does not expect, is expected, anticipates or does not anticipate, plans, estimates or intends, or stating that certain actions, events or results may, could, would, might or will be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation:  risks related to our mineral operations being subject to government regulation;risks related to our ability to obtain additional capital to develop our resources, if any;risks related to mineral exploration activities;risks related to the fluctuation of prices for precious and base metals, such as gold, silver and copper;risks related to the competitive industry of mineral exploration;risks related to our title and rights in our mineral properties;risks related to the possible dilution of our common stock from additional financing activities; andrisks related to fluctuations of the price of our shares of common stock.  Item 1. BUSINESS  Corporate History and Development  Gold Standard Mining was incorporated in Nevada on December 11, 2007 under the name Fluid Solutions, Inc. On May 6, 2009, Fluid Solutions, Inc. acquired all of the outstanding capital stock of GS Wyoming in exchange for 100,669,998 shares of its common stock pursuant to an Exchange Agreement dated May 6, 2009 with that corporation and its shareholders.  Concurrently with the acquisition, Pantelis Zachos, our former Chief Executive Officer and a director, tendered 59,400,000 shares of common stock back to Fluid Solutions, Inc. for retirement.  On May 18, 2009, Fluid Solutions, Inc. changed its name to Gold Standard Mining Corp. and effected a 3.3-to-1 forward stock split.  On July 17, 2012, Gold Standard Mining Corp. changed its name to J.D. Hutt Corporation.  As of the date that Gold Standard Mining acquired GS Wyoming, GS Wyomings principal asset was an Exchange Agreement, dated February 9, 2009, pursuant to which GS Wyoming had agreed to acquire Rosszoloto Co. Ltd., a limited liability company organized under the laws of Russia (Rosszoloto), in a stock exchange.  Rosszoloto is engaged in the business of gold mining in the Amur Region of Russia near the border between Russia and China.  Rosszoloto was at the time of the exchange owned by Araik Khachatryan, who became a director and the Chief Operating Officer of Gold Standard Mining on May 6, 2009 (when Gold Standard Mining acquired GS Wyoming).  We completed the acquisition of Rosszoloto in June 2010.  4   [gsm_10k008.gif]   On May 13, 2011, we and Mr. Khachatryan rescinded the Exchange Agreement relating to Rosszoloto and treated the transaction as null and void.  See Item 9BOther Information for information concerning the rescission and the reasons for the rescission.  As part of the rescission, Mr. Khachatryan and Zurab Chavchavadze, one of our directors, each of whom was a former shareholder of GS Wyoming, tendered back to us for retirement the 51,499,998  shares they had received in connection with our acquisition of GS Wyoming and Rosszoloto.    On June 23, 2012, Pantelis Zachos resigned as Chief Executive Officer, Chief Financial Officer, Secretary and Director of the Company, Arutyun Shatoyan and Oleg Petrovich Novichkov resigned as officers, and Zurab Chavchavadze resigned as Director of the Company, and Hector A. Veron was appointed as Chief Executive Officer, Chief Financial Officer, Secretary and Director of the Company.  Plan of Operations  Our plan of operations is to acquire at mining rights, including primarily gold mining rights, for a number of properties, to explore such properties for ore reserves, and to develop those properties where such development would appear to be commercially viable.  These properties may be anywhere in the world, but at least initially we plan to focus our efforts in Russia and the former Soviet states due to the potential for high yields. We will seek to acquire rights primarily in properties where there is no or low upfront cash payment required, but will instead provide the property owner a royalty or other interest in the revenues from the sale of ores mined from the property.   After acquiring mining rights for a property, we will select possible exploration area(s) on the property, and will then typically compile reports, past production records and geologic surveys concerning the area.  We will then complete a field exploration program to determine whether the area merits work.  Initial field exploration on a property normally consists of geologic mapping and geochemical and/or geophysical surveys, together with selected sampling to identify host environments that may contain specific mineral occurrences.  If an area shows promise, geologic drilling programs may be undertaken to further define the existence of any economic mineralization.  If such mineralization is delineated, further work may be undertaken to estimate ore reserves, evaluate the feasibility for the development of the mining project, obtain permits for commercial development, and, if the project appears to be economically viable, proceed to place the deposit into commercial production.  The capital required for exploration and development of mining properties is substantial.  We plan to finance our mining activities at a property through: (i) sales of equity or debt securities; (ii) sales of project-specific equity or debt securities through a subsidiary formed to explore and develop a specific property; (iii) joint ventures with mining operators who would provide the exploration and development services for an interest in the venture; and (iv) once we have generated revenues through mining operations, cash flows from operations.  The exploration and development of properties through joint ventures will be managed by one of the joint venture participants, who will be designated as the operator.  The operator of a mining property generally provides all labor, equipment, supplies and management on a cost-plus fee basis and generally must perform specific tasks over a specified time period.  The operator may charge separate fees to the joint venture and, once certain conditions are met, the joint venture is typically required to pay the costs in proportion to its interests in the property.  We anticipate that typically we will acquire only mining rightsthe sub-surface right to explore and develop the property.  We do not anticipate acquiring fee or other interests in properties.  In a number of possible mining locations, such as Russia, we could only acquire mining rights as part of a joint venture with a Russian owner or licensor of such rights.  In connection with the acquisition of mining rights for a property, we may conduct limited reviews of title and related matters and obtain representations regarding ownership of the property and/or underlying mining rights.  Although we plan to conduct reasonable investigations (in accordance with standard mining practice) of the validity of ownership, we may be unable to confirm good and marketable title to our properties.  5   [gsm_10k010.gif]   Mines have limited lives, which is an inherent risk in the mining business.  Although we plan to acquire mining properties, there is a limited supply of desirable mineral lands.  In addition, we face strong competition for acquisition of mining rights from established mining companies and others that may have a track record of developing mining properties and most likely will have substantially greater financial resources.  As a result, we may not be able to acquire attractive new mining properties on terms that are considered acceptable.   In  July 2011 we entered into an agreement with 000 GPK Umlekan, Ltd. and its wholly owned subsidiary Umlekan MC Ltd. (collectively, Umlekan) for the exploration of gold, copper and other mineral deposits on 184 square kilometers in Eastern Umlekan Ore Node in the Zeya zone in the Amur region of Russia.  Umlekan has the exclusive license to geologically study, survey and extract these mineral deposits on this property until December 12, 2033, subject to early termination under certain circumstances.  Under the agreement, we have the exclusive right to conduct at our expense further exploration and development work on the property, with the objective of defining a reserve and producing a bankable feasibility study (BFS).  We will carry out the BFS in collaboration with a to-be-selected well-recognized engineering firm that specializes in mining.  We presently do not have the funds, or a commitment for funds, to conduct a BFS on the property or for the conduct of mining operations on the property.  No assurance can be given that we will be able to raise such funds or that we can obtain funds on terms favorable to our stockholders.  Employees  During fiscal year 2011, we employed two key employees.  We currently have only one employee; our Chief Executive Officer and Director, Hector A. Veron.  Item 1A. RISK FACTORS  Not applicable.  Item 1B. UNRESOLVED STAFF COMMENTS  Not applicable.  Item 2.  PROPERTIES  From February 2011 through June 23, 2012 we maintained our principal executive offices in 2,200 square feet of office space located in an office building in Agoura Hills, California, which was provided to us by a shareholder on a month-to-month basis at no cost.  Since June 23, 2012, we have maintained our principal executive offices at 15557 Pisa Lane, Fontana, California, at a space provided at no cost by our Chief Executive Officer on a month-to-month basis.  We consider this office to be adequate for our administrative needs.  Item 3.  LEGAL PROCEEDINGS  On June 29, 2012, the Securities and Exchange Commission filed a civil action in the United States District Court for the Central District of California against Gold Standard Mining Corp. (Gold Standard), its Chief Executive Officer/Chief Financial Officer Panteleimon Zachos, our former attorney, Kenneth G. Eade, our former auditor E. Randall Gruber and his firm Gruber & Company LLC.  In its complaint, the Commission alleges that, between May 2009 and April 2011, Gold Standard filed numerous reports about its purported Russian gold mining operations that were materially false and misleading in various respects. According to the complaint, Gold Standard represented that it had acquired a Russian gold mining company known as Ross Zoloto Co., Ltd. (Ross Zoloto), but did not inform investors that it had agreed to allow the prior owner of Ross Zoloto to keep profits from existing operations or of issues surrounding Russian government registration or approval of the business combination. The complaint also alleges that Gold Standard filed false or misleading financial statements.  The complaint alleges that Gold Standard and Zachos were responsible for these misstatements, and that Eade, Gruber and Gruber & Co. substantially assisted Gold Standard in making these false and misleading statements. The complaint further alleges that Gruber & Co., through its sole member Edward Randall Gruber, misrepresented in an audit opinion that it had audited the companys 2007, 2008 and 2009 consolidated financial statements in accordance with standards of the Public Company Accounting Oversight Board.  Without admitting or denying the allegations in the Commissions complaint, Gold Standard and Zachos consented to final judgments pursuant to which Gold Standard will be enjoined from violating Sections 10(b), 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Securities Exchange Act of 1934 (the Exchange Act) and Rules 10b-5, 12b-20, 13a-11 and 13a-13 thereunder, and Zachos will be enjoined from violating Sections 10(b) and 13(b)(5) of the Exchange Act and Rules 10b-5 and 13a-14 thereunder and from aiding and abetting violations of Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the   Exchange Act and Rules 12b-20, 13a-11 and 13a-13 thereunder. Zachos will also be barred from serving as an officer or director of a public company. The judgments are subject to court approval.  Item 4. [Removed and Reserved]  Item 5. MARKET FOR THE REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES  Our common stock trades on the OTC Markets Pink Sheets under the symbol GSTP, since April 18, 2012.  From July 2009 through April 17, 2012, our common stock traded on the OTC Bulletin Board.  The quotation of our common stock was dropped from the OTC Bulletin Board because of our failure to keep current reports with the Securities and Exchange Commission.  The OTC Markets Pink Sheets is a regulated quotation service that displays real-time quotes, last-sale prices and volume information in over-the-counter equity securities.  The OTC Bulletin Board securities are traded by a community of market makers that enter quotes and trade reports.  This market is extremely limited, and any prices quoted may not be a reliable indication of the value of our common stock.  The following table sets forth the high and low bid prices per share of our common stock for the periods indicated as reported on the OTC Bulletin Board Markets Pink Sheets for the past two fiscal years.  Year ended December 31, 2010HighLowQuarter ended December 31, 2010$  1.58$    0.12Quarter ended September 30, 2010$  2.14$    1.90Quarter ended June 30, 2010$  3.00$    1.82Quarter ended March 31, 2010$  4.50$    4.50Year ended December 31, 2011Quarter ended December 31, 2011$ 0.038$   0.015Quarter ended September 30, 2011$   0.17$ 0.0257Quarter ended June 30, 2011$  0.55$   0.07Quarter ended March 31, 2011$   1.00$  0.315  6   [gsm_10k012.gif]   The quotes represent inter-dealer prices, without adjustment for retail mark-up, mark-down or commission and may not necessarily represent actual transactions.  The trading volume of our securities fluctuates and may be limited during certain periods.  As a result of these volume fluctuations, the liquidity of an investment in our securities may be adversely affected. Holders  As of December 31, 2011, we had 45 holders of record of our common stock.  As of June 30, 2012, we had 56 holders of record of our common stock.  Dividends  Our board of directors has not declared a dividend on our common stock during the last two fiscal years or the subsequent interim period and we do not anticipate the payment of dividends in the near future as we intend to reinvest our profits to grow our business.  Unregistered Sales of Securities  In May 2010, we issued to five consultants an aggregate of 40,000,000 shares of common stock for services to be rendered during the following three years.  This issuance was exempt from registration under the Securities Act of 1933, as amended (the Securities Act), pursuant to Section 4(2) of the Securities Act because: (i) the Company did not offer or sell the shares by any form of general solicitation or advertising; (ii) the Company reasonably believed that each consultant had the knowledge or experience in financial or business matters and that the consultant was capable of evaluating the merits and risks of investing in the shares; and (iii) each consultant represented to the Company that it understood the issuance was not registered under the Securities Act and the shares were acquired for investment purposes.  In June 2010, we issued to one consultant 15,000 shares of common stock for services rendered.  This issuance was exempt from registration under the Securities Act pursuant to Regulation S because the no directed selling efforts were made in the United States, the consultant was not a U.S. person, the consultant represented that it understood the securities were not registered under the Securities Act and the related restrictions on transfer, and the shares were legend.  In June 2010, we issued to an individual 7,000 shares of common stock for $5,990.  This issuance was exempt from registration under the Securities Act pursuant to Regulation S because no directed selling efforts were made in the United States, the purchaser was not a U.S. person, the purchaser represented that he understood the securities were not registered under the Securities Act and the related restrictions on transfer, and the shares were legend.  In May 2010, we issued to Pantelis Zachos 20,000,000 shares of common stock for services rendered.  This issuance was exempt from registration under the Securities Act pursuant to Section 4(2) of the Securities Act.  In October 2010, we issued to a consultant 50,000 shares of common stock for services rendered.  This issuance was exempt from registration under the Securities Act pursuant to Regulation S because no directed selling efforts were made in the United States, the consultant was not a U.S. person, the consultant represented that it understood the securities were not registered under the Securities Act and the related restrictions on transfer, and the shares were legend.  In October 2010, we issued to an individual 22,000 shares of common stock for $25,000.This issuance was exempt from registration under the Securities Act pursuant to Regulation S because no directed selling efforts were made in the United States, the purchaser was not a U.S. person, the purchaser represented that he understood the securities were not registered under the Securities Act and the related restrictions on transfer, and the shares were legend.  In November 2010, we issued to an individual 4,000 shares of common stock for $5,000.  This issuance was exempt from registration under the Securities Act of 1933, as amended (the Securities Act), pursuant to Section 4(2) of the Securities Act because: (i) the Company did not offer or sell the shares by any form of general solicitation or advertising; (ii) the Company reasonably believed that such individual  had the knowledge or   experience in financial or business matters and that the individual was capable of evaluating the merits and risks of investing in the shares; and (iii) the individual represented to the Company that it understood the issuance was not registered under the Securities Act and the shares were acquired for investment purposes.  We paid no underwriting or broker or commissions in connection with any of these issuances.  7   [gsm_10k014.gif]   Repurchases of Equity Securities  We did not repurchase any equity securities in all of fiscal year 2011. Item 6. SELECTED FINANCIAL DATA  Not applicable.  Item 7. MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS  Overview We are a shell company with no active business.  We have had no revenues since inception.  Our plan of operations is to acquire mining rights, including primarily gold mining rights, for a number of properties, to explore such properties for ore reserves, and to develop those properties where such development would appear to be commercially viable.  We incurred a net loss of $560,000 in fiscal year 2011 due primarily to non-cash compensation expenses accrual, legal, accounting and other professional service expenses incurred in fiscal year 2011.  Critical Accounting Policies The preparation of our financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities.  Management bases its estimates on historical experience and on various other assumptions that it believes to be reasonable under the circumstances, and which form the basis for making judgments about the carrying values of assets and liabilities.  Actual results may differ from these estimates under different assumptions or conditions.  We consider the following accounting policy to be both the most important to the portrayal of our financial condition and that requires the most subjective judgment.  Stock-Based Compensation.  We from time to time issue shares of common stock for services.  These shares are valued at the fair market value of the services at the date of issuance.  We have valued these issuances at the estimated fair market value of the services since our common  stock is thinly traded and we have raised minimal cash from sales of common stock. Principles of Consolidation. The consolidated financial statements include the financial statements of J.D. Hutt Corporation, formerly known as Gold Standard Mining Corp. and its former wholly owned subsidiary, GS Wyoming. All significant inter-company balances and transactions have been eliminated in consolidation. Use of Estimates. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Basic and Diluted Income (Loss) per Share. Basic income (loss) per common share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding. Diluted income (loss) per common share is computed similar to basic income per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As of September 30, 2011, there were outstanding options to purchase 50,000 shares of common stock at $5.00 per share and options to purchase 20,000 shares of common stock at $1.50 per share. These shares are not included in the computation of diluted income (loss) per share as the effect would be anti-dilutive.   Recent Pronouncements and Accounting Changes. In April 2010, the FASB issued ASU 2010-13, CompensationStock Compensation Topic 718, Effect of Denominating the Exercise Price of a Share-Based Payment Award in the Currency of the Market in Which the Underlying Equity Security Trades. ASU 2010-13 provides amendments to Topic 718 to clarify that an employee share-based payment award with an exercise price denominated in currency of a market in which a substantial porting of the entitys equity securities trades should not be considered to contain a condition that is not a market, performance, or service condition. Therefore, an entity would not classify such an award as a liability if it otherwise qualifies as equity. The amendments in this update are effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2010. This adoption of this pronouncement did not have a material impact on its consolidated financial statements. In May 2011, the Financial Accounting Standards Board (FASB) issued an accounting standard update ("ASU") ASU 2011-04 to provide guidance on achieving a consistent definition of and common requirements for measurement of and disclosure concerning fair value as between U.S. GAAP and International Financial Reporting Standards. ASU 2011-04 is effective for fiscal years beginning after December 15, 2011. In June 2011, the FASB issued ASU 2011-05 (subsequently amended by ASU 2011-12) to provide guidance on increasing the prominence of items reported in other comprehensive income. This accounting standard update eliminates the option to present components of other comprehensive income as part of the statement of equity and requires that the total of comprehensive income, the components of net income, and the components of other comprehensive income be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. ASU 2011-05 is effective for fiscal years beginning after December 15, 2011.. In September 2011, the FASB issued ASU 2011-08 to simplify how an entity tests goodwill for impairment. The amendment will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. An entity no longer will be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. ASU 2011-08 is effective for fiscal years beginning after December 15, 2011. The Company is currently evaluating the impact of these accounting standards update on its Consolidated Financial Statements.  Results of OperationsFiscal Year 2010 Compared to Fiscal Year 2011 We have had no revenues since inception. Our operating expenses in 2011 consisted of legal and accounting fees, associated with our reporting responsibilities under the Securities Exchange Act of 1934, of $302,000. These expenses were higher than normal primarily due to expenses related to the restatement of our third quarter of 2010 Form 10- Q and our Form 10-K for the year ended December 31, 2009; and the rescission of our acquisition of Rosszoloto Co. Ltd., a Russian mining company in May 2011. Rent expense (contributed by a shareholder) amounted to $27,600 in fiscal 2011. During 2011, the Company received assistance from its employees and a consultant in developing its plan of operations. The estimated value of services and consulting fees rendered to the Company totaled $147,065 and $24,000, respectively, in the quarter and have been contributed to the Company. The remaining expenses consist of recurring operation expenses. Our operating expenses totaled $6.2 million in fiscal year 2010 compared to $603,000 in fiscal year 2009.  Our operating expenses in 2010 consisted primarily of non-cash compensation expense of $6.0 million incurred in connection with the issuance of an aggregate of 60,065,000 shares of common stock to an executive officer and a number of consultants.  Other expenses in 2010 primarily related to accounting and legal expenses associated with our reporting responsibilities under the Securities Exchange Act of 1934.  [gsm_10k016.gif]   Financial Condition, Liquidity and Capital Resources  We have funded our operations principally through the issuance of stock for services, the issuance of stock for cash, and loans from Pantelis Zachos, an executive officer, director and a principal shareholder. For fiscal 2011, we funded our operating expenses with approximately $197,000 of loans from Mr. Zachos and $56,000 in loans from individuals. These loans are non-interest bearing and due on demand, and totaled approximately $482,000 at December 31, 2011.We have funded our operations principally through the issuance of stock for services, the issuance of stock for cash, and advances from shareholders.  In fiscal year 2010, we issued 33,000 shares of common stock for $35,990.  In addition we received advances from a shareholder in the amount of $57,897, resulting in total outstanding advances from a shareholder of $228,983 at December 31, 2010.  These advances are non-interest bearing and due on demand. Our common stock and paid-in capital increased due to the issuance of shares for cash and services during the year. Until we commence mining operations, our expenses will be principally legal, accounting and audit expenses in connection with our reporting obligations under the Securities Exchange Act of 1934. We anticipate funding these expenses through stock sales in private transactions or additional shareholder loans. We do not have a commitment from anyone to provide funds for our operating expenses. If we do not obtain funds for these expenses, we may have to cease operations   Factors That May Affect Future Operating Results and Risks of Investing in Our Common Stock  An investment in our securities involves a high degree of risk.  You should carefully consider the risks described below before deciding to invest in or maintain your investment in our company.  The risks described below are not intended to be an all-inclusive list of all of the potential risks relating to an investment in our securities.  If any of the following or other risks actually occur, our business, financial condition or operating results and the trading price or value of our securities could be materially and adversely affected.  We have no cash resources, and will require funds to continue operations, even as a shell corporation.  If we cannot obtain additional funds, we will have to curtail or cease operations. We currently have no cash resources.  We require cash for legal, accounting, audit and other expenses involved in complying with our reporting obligations under the Securities Exchange Act of 1934, as amended.  These expenses have been funded in recent months through advances from shareholders.  We do not have a commitment from anyone to provide funds to us.  If we cannot obtain funds for our recurring operating expenses, we will have to cease operations.  We will need significant additional funds to implement our operating plan and commence mining activities.  If we cannot obtain such funds, we cannot implement our operating plan.  We currently have no funds with which to implement our operating plan and commence mining exploration and development.  We do not have a commitment from anyone to provide these funds to us.  We can provide no assurance that sufficient funding will be available to us or if available, will be on acceptable terms.  If we are unable to obtain sufficient financing on a timely basis, we could be forced to reduce the scope of our proposed business or otherwise limit or terminate our operations altogether.  Any additional equity funding that we obtain will reduce the percentage ownership held by our existing security holders.  We may also attempt to obtain funds through arrangements with corporate partners or others.  Those types of arrangements may require us to relinquish certain rights to our assets.  We are a relatively young company with limited operating history, which makes it difficult to evaluate an investment in the Company. Since we are a young company, it is difficult to evaluate our business and prospects.  While we believe that our operating plan, if implemented as conceived, will make us successful in the long term, we have limited operating   history against which we can test our plans and assumptions, and therefore cannot evaluate the likelihood of success.  At this stage of our business operations, even with our good faith efforts, potential investors have a high probability of losing their investment.  Our future operating results will depend on many factors, including the ability to develop our properties, the productivity of such properties, the level of our competition, and our ability to attract and maintain key management and employees.  While management believes their estimates of projected occurrences and events are within the timetable of their business plan, there can be no guarantees or assurances that the results anticipated will occur.  9   [gsm_10k018.gif]   We expect to incur net losses in future quarters.  Until we commence generating revenues, we will incur losses.  If we do not achieve profitability, our business may not grow or operate.  We may not achieve sufficient revenues or profitability in any future period.  We will need to generate revenues from the sales of our products or take steps to reduce operating costs to achieve and maintain profitability. Even if we are able to generate revenues, we may experience price competition that will lower our gross margins and our profitability.  If we do achieve profitability, we cannot be certain that we can sustain or increase profitability on a quarterly or annual basis.  Estimates relating to new development projects are uncertain and we may incur higher costs and lower economic returns than estimated.  Mine development projects typically require a number of years and significant expenditures during the development phase before production is possible.  Such projects could experience unexpected problems and delays during development, construction and mine start-up.  Our decision to develop a project will typically be based on the results of feasibility studies, which estimate the anticipated economic returns of a project.  These studies may provide data that show that our projects are not economical.  Even if such feasibility studies show that such projects are economical, the actual project profitability or economic feasibility may differ from such estimates as a result of any of the following factors, among others:  unanticipated changes in tonnage, grades and metallurgical characteristics of ore to be mined and processed;  higher than anticipated input commodity and labor costs;  the quality of the data on which engineering assumptions were made;  unanticipated adverse geotechnical conditions;  availability of adequate labor force and supply and cost of water and power;  fluctuations in inflation and currency exchange rates;  availability and terms of financing;   delays in obtaining environmental or other government permits or changes in the laws and regulations related to those permits;  unanticipated weather or severe climate impacts; and  potential delays relating to social and community issues.  We are highly dependent on Hector A. Veron, our Chief Executive Officer.  The loss of Mr. Veron, whose knowledge, leadership, and technical expertise upon which we rely, would harm our ability to execute our business plan.  We are largely dependent on Hector A. Veron, our Chief Executive Officer, for specific proprietary technical knowledge and market knowledge.  Our ability to successfully carry out our business plan may be at risk from an unanticipated accident, injury, illness, incapacitation or death of Mr. Veron.  Upon such occurrence, unforeseen expenses, delays, losses and/or difficulties may be encountered.   Our success may also depend on our ability to attract and retain other qualified management and sales and marketing personnel.  We compete for such persons with other companies and other organizations, some of which have substantially greater capital resources than we do.  We cannot give you any assurance that we will be successful in recruiting or retaining personnel of the requisite caliber or in adequate numbers to enable us to conduct our business.    10   [gsm_10k020.gif]   There is substantial doubt about our ability to continue as a going concern, which means that we may not be able to continue operations unless we obtain additional funding The report of our independent accountants on our December 31, 2011 financial statements included an explanatory paragraph indicating that there is substantial doubt about our ability to continue as a going concern due to recurring losses and working capital shortages.  Our ability to continue as a going concern will be determined by our ability to obtain additional funding.  Our financial statements do not include any adjustments that might result from the outcome of this uncertainty. We may enter into joint venture and option agreements with other parties, which could decrease our ownership interest and control over such properties. We may, in the future, enter into option or joint venture agreements and we may have our interest in the properties subject to such agreements reduced or terminated as a result.  Furthermore, if other parties to such agreements do not meet their share of such costs, we may be unable to finance the cost required to complete recommended programs.  In many joint ventures or option arrangements, we may give up control over decisions to commence work and the timing of such work, if any. Business acquisitions, dispositions, joint ventures or private equity transactions entail risks and may disrupt our business, dilute stockholder value or distract management attention. We expect to continue to review opportunities to acquire other businesses or other assets and properties that would complement our current business plan or otherwise offer growth opportunities.  Acquisitions are inherently risky, and no assurance can be given that our future acquisitions will be successful or that they will not materially and adversely affect our business, operating results, or financial condition.  If we make any acquisitions, we may issue stock that would dilute our existing stockholders percentage of ownership, and we may incur substantial debt and/or assume contingent or unknown liabilities. The price of our common stock may be negatively impacted by factors that are unrelated to our operations.  We cannot assure you that an active public trading market for our common stock will develop or be sustained.  Our common stock currently trades on the OTC Markets Group, Inc.s Pink Sheets (Pink Sheets).  Trading of our stock through the Pink Sheets is frequently thin and highly volatile.  There is no assurance that a sufficient market will develop in our stock, in which case it could be difficult for stockholders to sell their stock.  The market price of our common stock could fluctuate substantially due to a variety of factors, including market perception of our ability to achieve our planned growth, quarterly operating results of our competitors, trading volume in our common stock, changes in general conditions in the economy and the financial markets or other developments affecting our competitors or us. In addition, the stock market is subject to extreme price and volume fluctuations.  This volatility has had a significant effect on the market price of securities issued by many companies for reasons unrelated to their operating performance and could have the same effect on our common stock.  We do not expect to pay dividends for the foreseeable future.  For the foreseeable future, it is anticipated that earnings, if any, that may be generated from our operations will be used to finance our operations and that cash dividends will not be paid to holders of our common stock.  Obtaining additional capital through the sale of common stock will result in dilution of shareholder interests.  We may raise additional funds in the future by issuing additional shares of common stock or other securities.  Any such sale of common stock or other securities will lead to further dilution of the equity ownership of existing holders of our common stock.  Additionally, any options, warrants or conversion rights related to the foregoing issuance of securities may hinder future equity offerings, and the exercise of those options, warrants and conversion rights may have an adverse effect on the value of our stock.   11     [gsm_10k022.gif]   If any such options, warrants or conversion rights are exercised at a price below the then current market price of our shares, then the market price of our stock could decrease upon the sale of such additional securities.  Further, if any such options, warrants or conversion rights are exercised at a price below the price at which any particular shareholder purchased shares, then that particular shareholder will experience dilution in his or her investment.  Trading of our stock may be restricted by the SECs penny stock regulations, which may limit a shareholders ability to buy and sell our stock.  The SEC has adopted regulations which generally define penny stock to be any equity security that has a market price less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exceptions.  Our securities are covered by the penny stock rules, which impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and accredited investors.  The term accredited investor refers generally to institutions with assets in excess of $5,000,000 or individuals with a net worth in excess of $1,000,000 or annual income exceeding $200,000, or $300,000 jointly with their spouse.  The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document in a form prepared by the SEC, which provides information about penny stocks and the nature and level of risks in the penny stock market.  The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction and monthly account statements showing the market value of each penny stock held in the customers account.  The bid and offer quotations, and the broker-dealer and salesperson compensation information, must be given to the customer orally or in writing prior to effecting the transaction and must be given to the customer in writing before or with the customers confirmation.  In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from these rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchasers written agreement to the transaction.  These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for the stock that is subject to these penny stock rules.  Consequently, these penny stock rules may affect the ability of broker-dealers to trade our securities.  We believe that the penny stock rules discourage investor interest in and limit the marketability of our common stock.  Item 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK  Because the Company is a shell company and is not engaged in any business, the Company is not subject to market risk.  12   [gsm_10k024.gif]   Item 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA     Contents   PageReport of Independent Registered Public Accounting FirmF-1Financial Statements:Consolidated Balance Sheets as of December 31, 2010 and 2011F-2Consolidated Statements of Operations for the years ended
December 31, 2010 and 2009 and for the period from December 11, 2007
(inception) to December 31, 2011F-3Consolidated Statement of Stockholders Deficit for the period from December 11, 2007
(inception) to December 31, 2010 and 2011F-4Consolidated Statements of Cash Flows for the years ended
December 31, 2010 and 2009 and for the period from December 11, 2007
(inception) to December 31, 2011F-5Consolidated Notes to Financial StatementsF-6-10   13    GEORGE STEWART, CPA 316 17TH AVENUE SOUTH SEATTLE, WASHINGTON 98144 (206) 328-8554  FAX(206) 328-0383  REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM   To the Board of Directors Gold Standard Mining Corp.  I have audited the accompanying consolidated balance sheets of Gold Standard Mining Corp. (An Exploration Stage Company) as of December 31, 2011 and 2010, and the related statements of operations, stockholders equity and cash flows for the years ended December 31, 2011 and 2010 and for the period from December 11, 2007 (inception), to December 31, 2011.  These consolidated financial statements are the responsibility of the Companys management.  My responsibility is to express an opinion on these consolidated financial statements based on my audits.  I conducted my audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that I plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  I believe that my audits provide a reasonable basis for my opinion.  In my opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Gold Standard Mining Corp., (An Exploration Stage Company) as of December 31, 2011 and 2010, and the results of its operations and cash flows for the years ended December 31, 2011 and 2010 and the period from December 11, 2007 (date of inception), to December 31, 2011 in conformity with generally accepted accounting principles in the United States of America.  The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern.  As discussed in Note # 1 to the financial statements, the Company has had no operations and has no established source of revenue.  This raises substantial doubt about its ability to continue as a going concern.  Managements plan in regard to these matters is also described in Note # 1.  The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.  /S/ George Stewart  Seattle, Washington March 30, 2012 F-1    GOLD STANDARD MINING CORP.(A DEVELOPMENT STAGE COMPANY)CONSOLIDATED BALANCE SHEETSDECEMBER 31, 2011 AND 201020112010ASSETSCurrent assets:Cash and cash equivalents$-$1,000Total current assets-1,000Total assets$-$1,000LIABILITIES AND STOCKHOLDERS' DEFICITCurrent liabilities:Bank overdraft$456$-Accrued expenses107,346-Loans49,975-Loans from shareholders431,961228,983Total current liabilities589,738228,983Commitments and ContingenciesStockholders' deficit:Common stock; $0.001 par value, 500,000,000 shares authorized,151,297,524 and 151,297,524 shares issued and outstandingas of December 31, 2011 and 2010, respectively151,298151,298Additional paid in capital6,644,4866,445,821Deficit accumulated during development stage(7,385,522)(6,825,102)Total stockholders' deficit(589,738)(227,983)Total liabilities and stockholders' deficit$-$1,000The accompanying notes are an integral part of these financial statements.  F-2  15  [gsm_10k026.gif]





|                                                                           |                                              |                          |             |             |                         |             |                     |           |                       
|-------------------------------------------------------------------------- | -------------------------------------------- | ------------------------ | ----------- | ----------- | ----------------------- | ----------- | ------------------- | --------- | ----------------------
|GOLD STANDARD MINING CORP.                                                
|(A DEVELOPMENT STAGE COMPANY)                                             
|CONSOLIDATED STATEMENTS OF OPERATIONS                                     
|                                                                           |                                              |                          |             |             |                         |             |                     |           |                       
|                                                                           |                                              |                          |             |             |                         |             |                     |           | From December 11, 2007
|                                                                           |                                              |                          |             |             | Year Ended December 31, |             | (date of inception)
|                                                                           |                                              |                          |             |             |                         |             |                     |           | Through               
|                                                                           |                                              |                          |             |             | 2011                    |             | 2010                |           | December 31, 2011     
|                                                                           |                                              |                          |             |             |                         |             |                     |           |                       
|REVENUE, net                                                               | $                                            | -                        | $           | -           | $                       | -          
|                                                                           |                                              |                          |             |             |                         |             |                     |           |                       
|OPERATING EXPENSES:                                                        |                                              |                          |             |             |                         |            
|                                                                           | Selling, general and administrative expenses |                          | 560,420     |             | 6,152,541               |             | 7,385,522          
|                                                                           |                                              |                          |             |             |                         |             |                     |           | -                     
|                                                                           |                                              | Total operating expenses |             | 560,420     |                         | 6,152,541   |                     | 7,385,522
|                                                                           |                                              |                          |             |             |                         |             |                     |           |                       
|Net loss from operations                                                   |                                              | (560,420)                |             | (6,152,541) |                         | (7,385,522)
|                                                                           |                                              |                          |             |             |                         |             |                     |           |                       
|Income taxes                                                               |                                              | -                        |             | -           |                         | -          
|                                                                           |                                              |                          |             |             |                         |             |                     |           |                       
|Net loss                                                                   |                                              |                          | (560,420)   |             | (6,152,541)             |             | (7,385,522)        
|                                                                           |                                              |                          |             |             |                         |             |                     |           |                       
|                                                                           |                                              |                          |             |             |                         |             |                     |           |                       
|Net loss per share (basic and diluted)                                     | $                                            | (0.00)                   | $           | (0.05)      | $                       | (0.06)     
|Weighted average number of shares outstanding, basic and diluted           | 151,297,524                                  |                          | 128,562,071 |             | 117,035,296            
|                                                                           |                                              |                          |             |             |                         |             |                     |           |                       
|The accompanying notes are an integral part of these financial statements.
|                                                                           |                                              |                          |             |             |                         |             |                     |           |                       

F-3  16   [gsm_10k028.gif]


|                                                                                    |  |              |   |                            |   |                                       |               |             |   |            
|----------------------------------------------------------------------------------- |  | ------------ | - | -------------------------- | - | ------------------------------------- | ------------- | ----------- | - | -----------
|GOLD STANDARD MINING CORP.                                                         
|(A DEVELOPMENT STAGE COMPANY)                                                      
|CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT                                    
|(A DEVELOPMENT STAGE COMPANY)                                                      
|FOR THE PERIOD FROM DECEMBER 11, 2007 (DATE OF INCEPTION) THROUGH DECEMBER 31, 2011
|                                                                                    |  |              |   |                            |   |                                       |               |             |   |            
|                                                                                    |  |              |   |                            |   | Accumulated Deficit During Dev. Stage |               | Total      
|                                                                                    |  | Common Stock |   | Additional Paid-in Capital |   |                                       | Stockholders'
|                                                                                    |  | Shares       |   | Amount                     |   |                                       |               | Deficit    
|Balance, December 11, 2007 (date of inception)                                      |  | -            |   | -                          |   | -                                     |               | -           |   | -          
|                                                                                    |  |              |   |                            |   |                                       |               |             |   |            
|Issuance of shares for services rendered                                            |  | 66,000,000   | $ | 66,000                     | $ | (46,000)                              |               | -           | $ | 20,000     
|Net loss                                                                            |  | -            |   | -                          |   | -                                     | $             | (20,000)    |   | (20,000)   
|Balance, December 31, 2007                                                          |  | 66,000,000   |   | 66,000                     |   | (46,000)                              |               | (20,000)    |   | -          
|                                                                                    |  |              |   |                            |   |                                       |               |             |   |            
|Issuance of shares for cash                                                         |  | 33,000,000   |   | 33,000                     |   | (23,000)                              |               | -           |   | 10,000     
|Net loss                                                                            |  | -            |   | -                          |   | -                                     |               | (49,077)    |   | (49,077)   
|Balance, December 31, 2008 (As Restated)                                            |  | 99,000,000   |   | 99,000                     |   | (69,000)                              |               | (69,077)    |   | (69,077)   
|                                                                                    |  |              |   |                            |   |                                       |               |             |   |            
|Issuance of shares for cash                                                         |  | 697,024      |   | 697                        |   | 483,607                               |               | -           |   | 484,304    
|Issuance of shares for GS Wyoming                                                   |  | 49,170,000   |   | 49,170                     |   | (49,170)                              |               | -           |   | -          
|Shares of stock retired                                                             |  | (59,400,000) |   | (59,400)                   |   | 41,400                                |               | -           |   | (18,000)   
|Issuance of shares for services                                                     |  | 1,732,500    |   | 1,733                      |   | 9,092                                 |               | -           |   | 10,825     
|Net loss                                                                            |  |              |   |                            |   |                                       |               | (603,484)   |   | (603,484)  
|Balance, December 31, 2009 (As Restated)                                            |  | 91,199,524   |   | 91,200                     |   | 415,929                               |               | (672,561)   |   | (165,432)  
|                                                                                    |  |              |   |                            |   |                                       |               |             |   |            
|Issuance of shares for cash                                                         |  | 33,000       |   | 33                         |   | 35,957                                |               | -           |   | 35,990     
|Issuance of shares for services                                                     |  | 60,065,000   |   | 60,065                     |   | 5,993,935                             |               | -           |   | 6,054,000  
|Net loss                                                                            |  |              |   |                            |   |                                       |               | (6,152,541) |   | (6,152,541)
|Balance, December 31, 2010                                                          |  | 151,297,524  |   | 151,298                    |   | 6,445,821                             |               | (6,825,102) |   | (227,983)  
|                                                                                    |  |              |   |                            |   |                                       |               |             |   |            
|Contribution of rent                                                                |  | -            |   | -                          |   | 27,600                                |               | -           |   | 27,600     
|Contribution of services                                                            |  | -            |   | -                          |   | 171,065                               |               | -           |   | 171,065    




|                                                                           |  |             |   |         |   |           |   |             |   |          
|-------------------------------------------------------------------------- |  | ----------- | - | ------- | - | --------- | - | ----------- | - | ---------
|Net loss                                                                   |  |             |   |         |   |           |   | (560,420)   |   | (560,420)
|Balance, December 31, 2011                                                 |  | 151,297,524 | $ | 151,298 | $ | 6,644,486 | $ | (7,385,522) | $ | (589,738)
|                                                                           |  |             |   |         |   |           |   |             |   |          
|The accompanying notes are an integral part of these financial statements.
|                                                                           |  |             |   |         |   |           |   |             |   |          

F-4  17   [gsm_10k030.gif]


|                                                   |                                              |                   |           |           |           |                         |           |                                                                 |        | 
|-------------------------------------------------- | -------------------------------------------- | ----------------- | --------- | --------- | --------- | ----------------------- | --------- | --------------------------------------------------------------- | ------ | 
|GOLD STANDARD MINING CORP.                        
|(A DEVELOPMENT STAGE COMPANY)                     
|CONSOLIDATED STATEMENTS OF CASH FLOWS             
|                                                   |                                              |                   |           |           |           |                         |           |                                                                 |        | 
|                                                   |                                              |                   |           |           |           | Year Ended December 31, |           | December 11, 2007 (date of inception) through December 31, 2011
|                                                   |                                              |                   |           |           |           |                         |           |                                                                 |       
|                                                   |                                              |                   |           |           |           | 2011                    |           | 2010                                                            |       
|                                                   |                                              |                   |           |           |           |                         |           |                                                                 |        | 
|CASH FLOWS FROM OPERATING ACTIVITIES:              |                                              |                   |           |           |           |                        
|                                                   | Net loss                                     |                   | $         | (560,420) | $         | (6,152,541)             | $         | (7,385,522)                                                    
|                                                   | Contribution of rent                         |                   | 27,600    |           |           |                         | 27,600   
|                                                   | Contribution of compensation                 |                   | 171,065   |           |           |                         | 171,065  
|                                                   | Common stock issued in exchange for services |                   |           |           | 6,054,000 |                         | 6,084,825
|                                                   | Changes in operating assets and liabilities" |                   |           |           |           |                         | -        
|                                                   |                                              | Other liabilities |           | 107,802   |           |                         |           | 107,802                                                        
|                                                   | Net cash used in operating activities        |                   | (253,953) |           | (98,541)  |                         | (994,230)
|                                                   |                                              |                   |           |           |           |                         |           |                                                                 |        | 
|CASH FLOWS FROM FINANCING ACTIVITIES:              |                                              |                   |           |           |           |                        
|                                                   | Advances from shareholder                    |                   | 203,053   |           | 57,897    |                         | 432,036  
|                                                   | Loans                                        |                   |           |           | 49,900    |                         |           |                                                                 | 49,900
|                                                   | Proceeds from the sales of common stock      |                   | -         |           | 35,990    |                         | 530,294  
|                                                   | Payments on retirement of common stock       |                   | -         |           | -         |                         | (18,000) 
|Net cash provided by financing activities          |                                              | 252,953           |           | 93,887    |           | 994,230                
|                                                   |                                              |                   |           |           |           |                         |           |                                                                 |        | 
|Net (decrease) in cash and cash equivalents        |                                              | (1,000)           |           | (4,654)   |           | -                      
|                                                   |                                              |                   |           |           |           |                         |           |                                                                 |        | 
|Cash and cash equivalents, beginning of the period |                                              | 1,000             |           | 5,654     |           | -                      
|Cash and cash equivalents, end of the period       | $                                            | -                 | $         | 1,000     | $         | -                      
|                                                   |                                              |                   |           |           |           |                         |           |                                                                 |        | 
|SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: |                                              |                   |           |           |           |                        
|                                                   | Cash paid during the period for interest     | $                 | -         | $         | -         | $                       | -        
|                                                   | Cash paid during the period for taxes        | $                 | -         | $         | -         | $                       | -        




|                                                                           |  |  |  |  |  |  |  |  |  | 
|-------------------------------------------------------------------------- |  |  |  |  |  |  |  |  |  | 
|                                                                           |  |  |  |  |  |  |  |  |  | 
|The accompanying notes are an integral part of these financial statements.
|                                                                           |  |  |  |  |  |  |  |  |  | 

F-5  18    [gsm_10k032.gif]    J.D. Hutt Corporation
A Development Stage Company
Notes to Consolidated Financial Statements Note 1 - Organization and Basis of Presentation Organization and Business J.D. Hutt Corporation, formerly known as Gold Standard Mining Corp. (the Company) was incorporated in Nevada on December 11, 2007 as Fluid Solutions, Inc.  On May 6, 2009, Fluid Solutions, Inc. acquired all of the outstanding capital stock of Gold Standard Mining Corp., a Wyoming corporation (GS Wyoming), in exchange for 100,669,998 shares of its common stock pursuant to an Exchange Agreement dated May 6, 2009 with that corporation and its shareholders.  Concurrently with the acquisition, Pantelis Zachos, its Chief Executive Officer and a director, tendered 59,400,000 shares of common stock back to Fluid Solutions, Inc. for retirement. On May 18, 2009, Fluid Solutions, Inc. changed its name to Gold Standard Mining Corp. and effected a 3.3 to 1 forward stock split.  This split has been retroactively reflected in these financial statements.  On July 17, 2012 , Gold Standard Mining Corp. changed its name to J.D. Hutt Corporation. As of the date that the Company acquired GS Wyoming, GS Wyomings principal asset was an Exchange Agreement, dated February 9, 2009, pursuant to which GS Wyoming had agreed to acquire Rosszoloto Co. Ltd., a limited liability company organized under the laws of Russia (Rosszoloto), in a stock exchange.  Rosszoloto is engaged in the business of gold mining in the Amur region of Russia near the border between Russia and China.  The Company completed the acquisition of Rosszoloto in June 2010.  The Company issued a total of 100,669,998shares to the shareholders of GS Wyoming. In the spring of 2011, during the course of preparation of financial statements of the Company, the Board of Directors concluded that the Company could not get the financial information regarding Rosszoloto necessary for the financial statements of the Company, including Rosszoloto, to be audited.  Based on this, in May 2011, the Company rescinded the acquisition of Rosszoloto and has treated the transaction as never having occurred.  In connection with such rescission, the Company received back 51,499,998 shares of its common stock that they issued to acquire GS Wyoming. The Company is a publicly held Nevada corporation, whose common stock trades on the OTC Market Group, Inc.s Pink Sheets under the trading symbol, GSTP. Basis of Presentation and Going Concern The Company is in the development stage and has had no revenues since inception.  Since inception, it has incurred significant losses to date, and as of December 31, 2011, has an accumulated deficit of approximately $7,386,000.  The Companys ability to continue its operations is uncertain and is dependent upon its ability to implement a business plan sufficient to generate a positive cash flow and/or raise capital to fund its operations. These financial statements do not include any adjustments to the amounts and classifications of assets and liabilities that might be necessary should the Company be unable to continue operations in the normal course of business. Principles of Consolidation The consolidated financial statements include the financial statements of the Company and its wholly owned subsidiary, GS Wyoming.  All significant inter-company balances and transactions have been eliminated in consolidation.   Restatement The Company has restated its financial statements for the year ended December 31, 2009.  The primary change was to reflect the rescission of the investment in GS Wyoming that reduced non-current assets by approximately $101,000.  GS Wyoming had no assets, liabilities or operations; accordingly, the acquisition of it by the Company was treated as a merger with no value. Note 2  Summary of Significant Accounting Policies Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less. Stock Based Compensation The Company from time to time issues shares of common stock for services.  These issuances have been valued at the estimated fair market value of the services since its stock is thinly traded and the Company has raised minimal cash from sales of stock. Basic and Diluted Income (Loss) per Share Basic income (loss) per common share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding.  Diluted income (loss) per common share is computed similar to basic income per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.  As of December 31, 2011 and 2010, there were outstanding options to purchase 50,000 shares of common stock at $5.00 per share and options to purchase 30,000 shares of common stock at $1.50 per share.  These shares are not included in the computation of diluted income (loss) per share as the effect would be anti-dilutive. Fair Value of Financial Instruments For certain of the Companys financial instruments, including cash and cash equivalents and loans from shareholders, the carrying amounts approximate their fair values due to their short maturities. Fair Value Measurements ASC Topic 820, Fair Value Measurements and Disclosures, requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, Financial Instruments, defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures.  The three levels of valuation hierarchy are defined as follows: · Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.    · Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. · Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. At December 31, 2011 and 2010, management determined the Company did not have any financial instruments requiring fair value measurement. Recent Accounting Pronouncements In April 2010, the FASB issued ASU 2010-13, CompensationStock Compensation Topic 718, Effect of Denominating the Exercise Price of a Share-Based Payment Award in the Currency of the Market in Which the Underlying Equity Security Trades. ASU 2010-13 provides amendments to Topic 718 to clarify that an employee share-based payment award with an exercise price denominated in currency of a market in which a substantial porting of the entitys equity securities trades should not be considered to contain a condition that is not a market, performance, or service condition.  Therefore, an entity would not classify such an award as a liability if it otherwise qualifies as equity. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2010.  The Company is currently evaluating the impact of this ASU; however, the Company does not expect the adoption of this ASU to have a material impact on its consolidated financial statements. In May 2011, the Financial Accounting Standards Board (FASB) issued an accounting standard update ("ASU") ASU 2011-04 to provide guidance on achieving a consistent definition of and common requirements for measurement of and disclosure concerning fair value as between U.S. GAAP and International Financial Reporting Standards. ASU 2011-04 is effective for fiscal years beginning after December 15, 2011. In June 2011, the FASB issued ASU 2011-05 (subsequently amended by ASU 2011-12) to provide guidance on increasing the prominence of items reported in other comprehensive income. This accounting standard update eliminates the option to present components of other comprehensive income as part of the statement of equity and requires that the total of comprehensive income, the components of net income, and the components of other comprehensive income be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. ASU 2011-05 is effective for fiscal years beginning after December 15, 2011. In September 2011, the FASB issued ASU 2011-08 to simplify how an entity tests goodwill for impairment. The amendment will allow an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test. An entity no longer will be required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. ASU 2011-08 is effective for fiscal years beginning after December 15, 2011. The Company is currently evaluating the impact of these accounting standards update on its Consolidated Financial Statements. There were no other recent pronouncements that would have an impact on the Companys Consolidated Financial Statements. Note 3  Related Party Transactions On December 11, 2007, the Company issued 66,000,000 shares of common stock to Pantelis Zachos, an officer/director, pursuant to Section 4(2) of the Securities Act of 1933, in exchange for services rendered.  On May 7, 2009, in connection with the acquisition of Gold Standard Mining Corp., Mr. Zachos surrendered 59,400,000 shares of his common stock for retirement.  On May 29, 2010, the Company issued 20,000,000 shares of common   stock to Mr. Zachos for services rendered.  The Company valued these services at $2,000,000, which was charged as an expense to current operations. On May 13, 2011, the Company rescinded the acquisition of Rosszoloto and entered into a rescission agreement with the former shareholders of GS Wyoming rescinding the acquisition of GS Wyoming in May 2009.  Two of those shareholders are Zurab Chavchavadze, a director, and Araik Khachatryan, a director and Chief Operating Officer.  Under the rescission agreement, the Company returned to those shareholders all of their shares of GS Wyoming they had transferred to the Company and received back the 100,669,998shares of common stock that was issued to them to acquire their GS Wyoming shares. Pantelis Zachos, an executive officer, director and a principal shareholder, has periodically made loans to the Company to fund its operations. These loans are non-interest bearing, and are due on demand. Loan balances at December 31, 2011 and 2010 were $425,861 and $228,983, respectively. During the fiscal year ending December 31, 2011, the Company borrowed $196,878 from Mr. Zachos. Note 4  Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes.  ASC Topic 740 requires a company to use the asset and liability method of accounting for income taxes, whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences.  Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases.  Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion, or all of, the deferred tax assets will not be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. At December 31, 2011 and 2010, the Company had net deferred tax assets calculated at an expected rate of 34% of approximately $188,400 and $2,091,900 , respectively, principally arising from net operating loss carryforwards for income tax purposes.  As management of the Company cannot determine that it is more likely than not that the Company will realize the benefit of the net deferred tax asset, a valuation allowance equal to the net deferred tax asset has been established at December 31, 2011 and 2010.  The significant component of the deferred tax asset at December 31, 2011 and 2010 was the net operating loss carryforward (approximately $2.6 million and $2.1 million at December 31, 2011 and 2010, respectively) for which a valuation allowance equal to the balance has been recorded. At December 31, 2011, the Company had a net operating loss carryforward for U.S. federal tax purposes of approximately $6.7 million, which expires from 2027 to 2031. Management has evaluated the Companys material tax positions and determined there were no material uncertain tax positions that require adjustment to the financial statements.  The Company does not currently anticipate significant changes in its uncertain tax positions over the next 12 months.  Generally, the Company remains subject to income tax examination by tax authorities for tax years 2007 and thereafter. Note 5  Stockholders Equity (Deficit) Common Stock The Company has issued shares of common stock in the following transactions since inception.  Unless otherwise noted, all such issuances were to non-affiliates and were exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 4(2) or Regulation S of the Securities and Exchange Commission.  No underwriters were used in the above-referenced transactions, and no commissions were paid. In December 2007, the Company issued 66,000,000 shares to Pantelis Zachos, a director and its Chief Executive Officer, for services rendered.   From June through October 2008, the Company issued an aggregated of 33,000,000 shares to 25 investors for an aggregate of $10,000, pursuant to Regulation D, Rule 504(b)(ii), registered in the State of Illinois as a Small Corporate Offering. In January 2009, the Company issued to an investor 66,000 shares for $20,000 and an option to purchase an additional 20,000 shares at $1.50 per share In February 2009, the Company issued to several investors an aggregate of 105,600 shares for $42,000. In February and July 2009, the Company issued 1,732,500 shares to several consultantsfor services valued at $10,825. On or about April 25, 2009, the Company issued 5,502 shares to an investor for $1,667. In May 2009, the Company issued to three investors an aggregate of 486,522 shares for $420,637.  In addition, one of these investors received an option to purchase an additional 50,000 shares for $5.00 per share. In May 2009, Pantelis Zachos, a director and its Chief Executive Officer, surrendered for no consideration 59,400,000 shares for retirement. In May and October 2010, the Company issued to seven consultants a total of 40,065,000 shares for services valued at $4,054,000. In May 2010, the Company issued to Pantelis Zachos, a director and its Chief Executive Officer, 20,000,000 shares for services valued at $2,000,000. In June 2010, the Company issued 7,000 shares to an investor for cash in the amount of $5,990. In October 2010, the Company issued 22,000 shares to an investor for cash in the amount of $25,000. In November 2010, the Company issued 4,000 shares to an investor for cash in the amount of $5,000.  Note 6  Commitments and Contingencies The Company rented office space from its former legal counsel during 2010 on a month-to-month basis. From  February 2011 through May 2012, the Companys executive offices were provided by a shareholder on a month-to-month basis at no cost. The estimated value of this space is recorded as contributed capital at $2,300 per month. Total rent expense for the fiscal year ended December 31, 2011 amounted to $27,600. Rent expense in the same period in 2010 was negligible.       F-10  24 [gsm_10k034.gif]   Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE  On February 25, 2011, Gruber & Co., LLC (Gruber), which audited our financial statements for fiscal years 2008 and 2009, informed us that it would not stand for re-election.  On February 25, 2011, we engaged George Stewart, CPA, 316 17th Avenue South, Seattle, Washington 98144 as our new independent accountant.  Grubers report on our financial statements for fiscal years 2008 and 2009 did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principles, except for a standard going concern qualification.  The engagement of George Stewart, CPA, was approved by our Board of Directors.  During the two most recent fiscal years and the subsequent interim period through February 25, 2011, there were no disagreements with Gruber on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of Gruber, would have caused it to make reference to the subject matter of the disagreement in its report.  Item 9A. CONTROLS AND PROCEDURES  As required by Rule 13a-15 under the Securities Exchange Act of 1934, as amended (the Exchange Act), we carried out an evaluation under the supervision and with the participation of our Chief Executive Officer/Chief Financial Officer of the effectiveness of our disclosure controls and procedures as of December 31, 2011.  In designing and evaluating our disclosure controls and procedures, we recognize that there are inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of the controls and procedures.  Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance of achieving their desired control objectives.  Additionally, in evaluating and implementing possible controls and procedures, our management was required to apply its reasonable judgment.  Furthermore, our management considered certain matters deemed by our independent auditors to constitute a material weakness in our internal control over financial reporting described below.  Based upon the required evaluation, the Chief Executive Officer/Chief Financial Officer concluded that as of December 31, 2011, our system of controls and procedures is not effective to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commissions rules and forms.  Managements Report on Internal Control Over Financial Reporting  Management is responsible for establishing and maintaining an adequate system of internal control over financial reporting, pursuant to Rule 13a-15(c) of the Securities Exchange Act.  This system is intended to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States.  A companys internal control over financial reporting includes policies and procedures that: (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance   with accounting principles generally accepted in the United States, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the companys assets that could have a material effect on the financial statements.  Management uses the framework in Internal ControlIntegrated Framework, issued by the Committee of Sponsoring Organizations (COSO) of the Treadway Commission, for evaluating the effectiveness of our internal control over financial reporting.  The COSO framework summarizes each of the components of a companys internal control system, including the: (i) control environment, (ii) risk assessment, (iii) information and communication, and (iv) monitoring (collectively, the entity-level controls), as well as a companys control activities (process-level controls).  25    [gsm_10k036.gif]   In fiscal year 2011, management completed its evaluation of the design of our internal control over financial reporting. Based on this evaluation and testing, management concluded that there were material weaknesses throughout the Companys accounting and reporting system, as described more fully below.  Due to these material weaknesses, management concluded that the Companys internal control over financial reporting was not effective as of December 31, 2011.  A "material weakness" is defined as a significant deficiency or combination of significant deficiencies that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected.  A significant deficiency is defined as a control deficiency, or combination of control deficiencies, that adversely affects a companys ability to initiate, authorize, record, process, or report external financial information reliably in accordance with generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of a companys annual or interim financial statements that is more than inconsequential will not be prevented or detected.  In the course of management’s assessment, we have identified the following material weaknesses in internal control over financial reporting:  ● The Company has no employees that possess the requisite accounting and SEC reporting knowledge to ensure our financial statements are properly reported in accordance with accounting principles generally accepted in the U.S.  The Company has relied on an outside accounting firm to draft all financial statements and coordinate with its independent auditor to file its regulatory reports.  Management does not possess the skills to ensure these reports are properly reported in accordance with SEC Rules and Regulations and with accounting principles generally accepted in the U.S.  Accordingly, our financial statements could be materially misstated due to fraud or errors in accounting.  ● There is inadequate oversight by management and the Board of Directors over daily operations.  Accordingly, our financial statements could be materially misstated due to fraud or errors in accounting.  ● There is inadequate segregation of duties in our daily operations.  We did not maintain proper segregation of incompatible duties.  This consisted of the lack of an audit committee, an understaffed financial and accounting staff, and the need for additional personnel to prepare and analyze financial information in a timely manner and to allow review and on-going monitoring and enhancement of our controls.  The effect of the lack of segregation of duties potentially affects multiple processes and procedures.  Accordingly, our financial statements could be materially misstated due to fraud or errors in accounting.  Planned Remediation of Fiscal 2011 Material Weakness  We are in the continuous process of improving our internal control over financial reporting in an effort to eliminate these material weaknesses, but additional effort is needed to fully remedy these deficiencies.  We have engaged a firm to conduct a search for a qualified chief financial officer to address the identified weaknesses and begin the process of improving our internal controls over financial accounting and reporting, and expect to hire a qualified chief financial officer when we acquire mining rights with respect to one or more properties.    Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.  Changes in Internal Control Over Financial Reporting  During the fiscal year 2011, we did not make any change in the Companys internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Companys internal control over financial reporting.  26    [gsm_10k038.gif]   Item 9B. OTHER INFORMATION  On May 13, 2011, our subsidiary GS Wyoming entered into a Rescission Agreement (the Rescission Agreement) with Rosszoloto and Araik Khachatryan.  Pursuant to the Rescission Agreement, the parties rescinded and cancelled that certain Exchange Agreement (the Exchange Agreement), dated as of February 9, 2009, pursuant to which GS Wyoming had acquired Rosszoloto.  Under the Rescission Agreement, the parties rescinded the exchange and declared the Exchange Agreement and all transactions arising therefrom to be null and void ab initio, and further agreed to take all actions to place each party in his, her or its respective position as if no party had entered into the Exchange Agreement.  As a result of the rescission, Araik Khachatryan and Zurab Chavchavadze tendered back to us for retirement the 51,499,998 shares of our common stock they had acquired in connection with these transactions.  Mr. Khachatryan is the Chief Operating Officer and a director of the Company, and prior to entering into the Rescission Agreement, was the owner of 49,500,000 shares of our common stock.  Mr. Chavchavadze is one of our directors, and prior to entering into the Rescission Agreement, was the owner of 1,999,998 shares of our common stock.  We rescinded the acquisition of Rosszoloto for the following reason.  At the date of the GS Wyoming Acquisition, GS Wyomings sole asset was an agreement to acquire Rosszoloto from Mr. Khachatryan.  Rosszoloto is engaged in the business of operating gold mines in the Amur Region of Russia.  The parties to the transaction understood that as a reporting company under the United States Securities Exchange Act of 1934, as amended, we would be required to file quarterly and annual financial statements on a consolidated basis (including Rosszoloto), prepared in accordance with generally accepted accounting principles in the United States (GAAP), and to have an audit of such annual financial statements.  In that regard, we have been engaged in a costly and time consuming attempt to convert Rosszolotos financial information from the format in which it has been historically maintained under Russian accounting conventions into GAAP-compliant financial records and statements.  Our board of directors determined that the effort to convert Rosszolotos financial information into GAAP-compliant format was wasting our resources and impeding the efforts of its management to fully explore and develop Rosszolotos mining properties in Russia.  PART III Item 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE  Directors and Executive Officers  The following table sets for the names and ages (as of July 23, 2012) of our directors and executive officers.     Name Age Position Hector A. Veron 56 Chief Executive Officer, Chief Financial Officer, Secretary, Director   Hector A. Veron.Mr. Veron has served as a Physicians Assistant for the past 28 years.  Since June 1995, he has served as a Physicians Assistant in Industrial and Rehabilitative Medicine for U.S. Healthworks, where he managed an office performing orthopedic evaluations, reduction of fractures, casting, injections of joints, per-op examinations, and evaluation of orthopedic problems.  Mr. Veron holds an A.A. degree from Los Angeles City College in Biological Science, 1973, a B.S. Degree in Biology from California State University, Los Angeles, 1975, a P.A. certification from University of Southern California School of Medicine, 1979, and holds a P.A. License from the California Board of Medical Quality Assurance.   The following table sets forth the names and ages (as of December 31, 2011) of our directors and executive officers.


|                         |     |                                                                      
|------------------------ | --- | ---------------------------------------------------------------------
|Name                     | Age | Position                                                             
|                         |     |                                                                      
|Pantelis Zachos          | 60  | Chief Executive Officer, Chief Financial Officer, Secretary, Director
|Araik Khachatryan        | 39  | Chief Operating Officer and Director                                 
|Zurab Chavchavadze       | 63  | Director                                                             
|Novichkov Oleg Pertovich | 47  | Vice President of Russian Operations                                 

Pantelis Zachos.  Mr. Zachos, a resident of Greece, was our Chief Executive Officer, Chief Financial Officer and a Director from inception in 2007 until his resignation in June 2012.  From 2000 to 2009, he acted as a financial advisor and consultant, advising on investments and coordinating the financing and supervising the development and operations of projects that have focused on commercializing the use of natural resources, namely renewable forms of energy such as solar and wind and drinking water.  Mr. Zachos received a B.A. in International Relations and Economics from California State University at Long Beach in 1975. 27    [gsm_10k040.gif]   Araik Khachatryan.Mr. Khachatryan was our Chief Operating Officer and a Director from May 2009 until his resignation in June 2012.  He was the founder of Rosszoloto in 2007, and has been the Managing Director of that company since its inception. Mr. Khachatryan has been involved in mining in Russia since 1999, when he founded Zolotoe Runo Co., Ltd., a company engaged in the mining of placer gold in the Zeiskiy district of the Amur Region.  In 2007, Mr. Khachatryan founded the gold mining companies of Sigulen Co., Ltd. and Yukos Co., Ltd.  He merged these companies into Rosszoloto in 2008.  Mr. Khachatryan graduated from Moscow University in 1995, and is a qualified mining engineer.  Zurab Chavchavadze.Mr. Chavchavadze was our Director from May 2009 until his resignation in June 2012.  He served as head of Votum in 2000, a consulting company that assists small and medium businesses in development.  Since 2005, he has been an official representative to the Russian Crown, and has participated in the Russian Nobel movement and serves on its High Monarchy Council.  He is currently a member of the Central Federal Region of the Russian Federation, and Counsel to the Representative of the President of the Russian Federation.  He is a graduate of Western European Language and Culture, 1969, Tiblisi University.  Novichkov Oleg Pertovich. Mr. Pertovich was our Vice President of Russian Operations from April 2011 until his resignation in June 2012.  He has had significant involvement in, and familiarity with, the Amur Region of Russia.  From 2005 to the present, Mr. Pertovich has served as the head of the Amur Regions Natural Resource Development Office, which is responsible for the enforcement of laws governing mining licenses in the Amur Region.  From 1998 until 2005, Mr. Pertovich was a Director of Prom Story Mantaje.  From 1995 until 1998, he was Vice President of OAO Concern.  From 1992 until 1995, Mr. Pertovich was a Director of the Internal Economic Office of the Amur Region.  Compliance with Section 16(a) Beneficial Ownership Reporting  Section 16(a) of the Securities Exchange Act of 1934, as amended, requires our directors, executive officers and 10% shareholders to file reports with the Securities and Exchange Commission on changes in their beneficial ownership of common stock and to provide us with copies of the reports.  Based solely on our review of Forms 3 and 4 furnished to us during 2011 and Form 5s furnished to us with respect to 2011, we are not aware of any director, officer or greater than 10% stockholder that failed to timely file any of these reports.  Code of Ethics  We have a Code of Ethics that applies to our executive officers.  Nominations of Directors  There are no material changes to the procedures by which security holders may recommend nominees to our board of directors.  Audit Committee  Our Board of Directors does not have an Audit Committee.  We are not a listed issuer, as defined Section 10A of the Securities Exchange Act of 1934, as amended, and thus we are not required to have an Audit Committee.  The Company does not have an audit committee financial expert.    Item 11. EXECUTIVE COMPENSATION  Compensation of Executive Officers; Compensation Discussion and Analysis  We have not paid cash compensation to our executive officers, and have no present intention to do so until such time as we generate revenues.  28    [gsm_10k042.gif]   We do not have any equity compensation plans.  However, we may from time to time provide compensation to our executive officers in the form of equity.  We have issued equity to an executive officer on one occasion, when we issued 20,000,000 shares of common stock to Pantelis Zachos, our former Chief Executive Officer and Chief Financial Officer, in May 2010.  The Board approved this issuance based on the significant time commitment and effort made by Mr. Zachos since he became Chief Executive Officer and Chief Financial Officer in 2009.  We have not provided any compensatory benefits to our executive officers, such as automobile allowance, medical insurance or pension plan.  We have no employment contracts with any of our executive officers.  Compensation Tables  The following table provides information as to the compensation paid to our Chief Executive Officer and Chief Financial Officer for the years indicated.   SUMMARY COMPENSATION TABLEName and principal positionYearSalaryStock AwardsTotalPantelis Zachos2011$               0$                0$                 0Chief Executive Officer and2010$               0$2,000,000(1)$2,000,000Chief Financial Officer2009$               0$               0$               0  ____________________________________________ (1) Amount is grant date fair market value in accordance with FASB ACS Topic 718.  See Note 1 of Notes to Consolidated Financial Statements. The following table provides information as to the plan-based awards to our Chief Executive Officer and Chief Financial Officer for the years indicated.  GRANTS OF PLAN-BASED AWARDS Name and principal positionGrant DateAll Other Stock Awards:
Number of SharesPantelis ZachosMay 29, 201020,000,000Chief Executive Officerand Chief Financial Officer  Compensation Committee  We do not have a Compensation Committee because we have a small number of directors and we do not pay compensation to our executive officers other than an occasional grant of stock.  Compensation of Directors    Our directors received no cash compensation for services rendered in 2011 and 2010.  As of the date of this Report, we do not pay directors fees.  29    [gsm_10k044.gif]   Item 12.  SECURITIES OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND  RELATED STOCKHOLDER MATTERS  Principal Stockholders  The following table sets forth information furnished to us with respect to the beneficial ownership of our common stock by (i) each executive officer and director, and by all directors and executive officers as a group, and (ii) each beneficial owner of more than 5% of our outstanding common stock, in each case as of June 30, 2012.  Unless otherwise indicated, each of the persons listed has sole voting and dispositive power with respect to the shares shown as beneficially owned.


|                                                                                           |                                                     |                 
|------------------------------------------------------------------------------------------ | --------------------------------------------------- | ----------------
|Name                                                                                       | Number of Shares of Common Stock Beneficially Owned | Percent of Class
|                                                                                           |                                                     |                 
|Hector A. Veron
All directors and executive officers as a group (1 person)
Pantelis Zachos | 0

0
26,600,000                                     | 0%

0%
17.5%    
|Aikaterini Zernou
Zefeirou 35
Voula, Athens, 16673, Greece                                 | 38,450,000                                          | 25.4%           
|Agata Gotova
51 Chemin du Tenao, Beausoleil, France                                        | 24,420,000                                          | 16.1%           
|ELS Investments
6123 57thCourt
Vero Beach, Florida                                         | 13,000,000                                          | 8.6%            
|                                                                                           |                                                     |                 

Equity Compensation Plans  We have no equity compensation plans.  Item 13.   CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE  Related Party Transactions  On May 13, 2011, we rescinded the acquisition of Rosszoloto and entered into a rescission agreement with the former shareholders of GS Wyoming rescinding our acquisition of GS Wyoming in May 2009.  Two of those shareholders are Zurab Chavchavadze, a director, and Araik Khachatryan, a director and our Chief Operating Officer.  Under the rescission agreement, we returned to those shareholders all of their shares of GS Wyoming they had transferred to us and received back the 100,669,998shares of our common stock that we issued to them to acquire their GS Wyoming shares.  Pantelis Zachos, our former executive officer, director and a principal shareholder, has periodically made loans to the Company to fund its operations. These loans are non-interest   bearing, and are due on demand. Loan balances at December 31, 2011 and 2010 were $431,961 and $228,983, respectively. During the fiscal year ending December 31, 2011, the Company borrowed $202,978 from Mr. Zachos.  Director Independence  We have no independent directors under the listing standards for Nasdaq.  30    [gsm_10k046.gif]   Item 14. PRINCIPAL ACCOUNTING FEES AND SERVICES  George Stewart, CPA (Stewart) audited our financial statements for fiscal year 2010 and 2011.  Aggregate fees billed to us by Stewart for professional services rendered with respect to fiscal years 2010 and 2011 were as follows:   Stewart20112010Audit Fees$25,500$41,900Audit-Related Fees----Tax Fees----All Other Fees----Total$25,500$41,900  In the above table, in accordance with the Securities and Exchange Commissions definitions and rules, audit fees are fees we paid for professional services for the audit of our consolidated financial statements included in our Form 10-K and the review of financial statements included in Form 10-Qs, and for services that are normally provided by the accountants in connection with statutory and regulatory filings or engagements; audit-related fees are fees for assurance and related services that are reasonably related to the performance of the audit or review of our financial statements; and tax fees are fees for tax compliance, tax advice and tax planning.  In fiscal year 2010, Stewart performed our audit and Gruber reviewed our Form 10-Qs.  In fiscal year 2011, Stewart performed our audit and reviewed our Form 10-Qs.  The policy of our Board of Directors is that it must approve in advance all services (audit and non-audit) to be rendered by our independent auditors.  The Board of Directors approved in advance the engagements of Gruber and Stewart for their services in fiscal years 2010 and 2011.  Item 15. EXHIBITS, FINANCIAL STATEMENTS, SCHEDULES  (a) The following financial statements are filed as part of this Report:  Reports of Independent Registered Public Accounting Firms  Consolidated Balance Sheets as of December 31, 2010 and 2011  Consolidated Statements of Operations for the years ended December 31, 2010 and 2011 and from December 11, 2007 (inception) through December 31, 2011  Consolidated Statements of Stockholders Deficit from December 11, 2007 (inception) through December 31, 2011    Consolidated Statements of Cash Flows for the years ended December 31, 2010 and 2011 and from December 11, 2007 (inception) through December 31, 2011  Notes to Consolidated Financial Statements  (b) The following exhibits are filed with this Report.  See Exhibit Index  31     [gsm_10k048.gif]   SIGNATURES  Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.  Date: August 17, 2012GOLD STANDARD MINING CORP.

By:  /s/ Hector A. Veron

Hector A. Veron
Chief Executive Officer and Director     Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


|                                    |                                                                                                            |                
|----------------------------------- | ---------------------------------------------------------------------------------------------------------- | ---------------
|Signature                           | Title                                                                                                      | Date           
|/s/ Hector A. Veron
Pantelis Zachos | Chief Executive Officer, Chief Financial Officer and Director (Principal Financial and Accounting Officer) | August 17, 2012

32    [gsm_10k050.gif]   EXHIBIT INDEX  Exhibit NumberExhibit Description3Amendment of Articles of Incorporation31.1Certification Pursuant to SEC Rule 13a-14(a)/15d-14(a)32.1Certification Pursuant to 18 U.S.C. § 1350   33