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Jul 02, 2009
Vancouver, BC -- July 2, 2009, Ethos Capital Corp. (the "Company" or "Ethos") (TSX-V: ECC.P) announces that it has filed a filing statement on SEDAR at www.sedar.com with respect to an option to acquire a 70% interest in the Santa Teresa and Corrales properties in Coahuila State, Mexico (the "Transaction") from Cardero Resource Corp. which will constitute the Company's Qualifying Transaction under the policies of the TSX Venture Exchange (the "Exchange"). The proposed Transaction was previously announced on June 16, 2008, June 17, 2008 and October 29, 2008 and was conditionally approved by the Exchange on June 18, 2009. Closing of the Transaction is expected to take place on or around July 9, 2009.

Subject to Ethos fulfilling the final requirements of the Exchange, and following completion of the Transaction, Ethos will be listed on the Exchange as a Tier 2 mining issuer and will carry on the business of mineral exploration and development in Mexico.

For additional information please contact Gary Freeman at 604-682-4750.

Not for distribution in the United States or through United States wire services.

Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

Forward-Looking Statement Cautions:
This press release contains certain "forward-looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include, the Company's inability to satisfy the Exchange that the proposed Qualifying Transaction meets the requirements to support a Tier 2 mining issuer, accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.