ETHOS GOLD CORP. : http://www.ethosgold.com/ : QwikReport

News

December 06, 2018
Ethos Announces 2018 Pine Pass Project Vanadium Sampling Results

Vancouver, BC -- December 6, 2018, Ethos Gold Corp. ("Ethos" or the "Company") (TSXV:ECC) (OTCQB: ETHOF) is pleased to announce the remaining results 2018 sampling program from its Pine Pass vanadium project.

East Limb Results

Results from Trench 1 (18PPT1) and Trench 2 (18PPT2) on the East Limb were reported in a November 1, 2018 press release.  The entire 255 m sampled in Trench 1 perpendicular to strike averaged 0.27% V2O5, with significant intervals of +0.40% V2O5. In Trench 2, approximately 1.1 km south east of Trench 1, the entire 218 m sampled in Trench 2 averaged 0.43% V2O5, with significant intervals of +0.50% V2O5 and up to +0.80% V2O5.

An effort was made to hand dig a third trench (Trench 5 (18PPT5)) in steep terrain approximately 3 km south east of Trench 2 (see Figure 1).  The first 42 meters of this trench reached bedrock and returned an interval of 20.5 meters of 0.34% V2O5.  The balance of this trench did not reach bedrock.

The three trenches on the East Limb, along with soil and rock samples confirm that significant vanadium mineralization extends over at least 5 km of the approximately 10 km of prospective East Limb subcrop strike (see Figure 1).  The remaining 5 km of East Limb strike to the north west of the 2018 work will be explored in the 2019 season.

West Limb Results

Five soil lines and two trenches were completed on the West Limb in the 2018 program (see Figure 1). 

Trench 3 (18PPT3) was dug approximately 5.5 km north west of the John Hart highway.  This trench included an interval of 31 meters of 0.10% V2O5.  Bedrock was primarily siltstone indicating that the trench was likely outside of the main target horizon.  Results for a nearby soil geochemistry line were received after Trench 3 was completed indicating that the highergrade mineralized horizon was to the west of Trench 3.  Work in 2019 will include extending this trench to the west.

Trench 4 (18PPT3) was dug in very steep terrain approximately 500 m north west of the John Hart highway.  This trench included an interval of 9 meters of 0.27% V2O5.  Only the upper 17 meters of this trench reached bedrock.  Work in 2019 will include extending this trench to the west.

As noted in the November 1, 2018 press release, the West Limb mineralization was also outlined in a road cut on the John Hart highway where a 50 meter true width returned an average of 0.39% V2O5 (including 0.45% over 20 meters). 

The results of the soil and prospecting together with the mapped geology of both Trench 3 and 4 suggest that west limb high grade vanadium bearing horizon is located approximately 150-500m further to the west than anticipated.  The 2018 regional West Limb sampling and trenching does confirm that significant vanadium mineralization extends over at least 9 km of the approximately 10 km of prospective West Limb subcrop strike (see Figure 1). 

Summary

2018 trench descriptions and sample summaries:

Trench# Zone Description Length (m) No. of
Samples

Average
Sample
length (m)

18PPT1 East Limb Outcrop of laminated and fissile carbonaceous Black Shale, locally interbedded with carbonaceous Grey Siltstone. 255 84 3
18PPT2 East Limb Outcrop of laminated, fissile, and sooty Black Shale with minor carbonaceous Grey Siltstone 218 74 3
18PPT3 West Limb Outcrop of dark grey, semi-massive grey Siltsone with minor Black Shale 73 22 3
18PPT4 West Limb Outcrop and Talus of Black Shale and Grey Siltstone 33 9 4
18PPT5 East Limb Outcrop/Subcrop and Talus of Black Shale with minor Grey Siltstone 69 23 3
18MST1 West Limb Chip Sampling of Black Shale outcrop at Road Cut 65 13 5


Figure 1

2018 rock and soil sampling:

Assays of 89 outcrop and subcrop samples collected during regional prospecting of the property, ranged from below detection to 2420 ppm V (0.43% V2O5) with over 18 samples assaying above 1000 ppm V (0.19% V2O5).   In addition, 535 soil samples collected across 9 lines at 10m spacing assayed from below detection to 4770 ppm V (0.85% V2O5) with 68 samples assaying over 1000 ppm V (0.19 V2O5).

Craig Roberts, P.Eng., Interim President and CEO of Ethos stated:

“The 2018 Pine Pass exploration program was highly successful in confirming +100 m thicknesses of +0.40% V2O5 vanadium hosted in black shale, including higher grade intervals of up to +0.80% V2O5.  The program has also confirmed the presence of significant vanadium mineralization over 5 km of strike on the east limb and over 9 km of strike on the west limb, with significant additional prospective strike length still to explore.

Price, M.Sc., MBA, P.Geo, VP Exploration of the Company is now preparing permit applications for a significant trenching and drilling program in 2019.  This program will test approximately 1.5km of strike between and outside Trenches 1 and 2, and will also drill test other target areas on the property.  We anticipate having this trenching and drilling permit application submitted before 2018 year end.  Based on the 2018 sampling and trenching program we are very excited by the potential for the maiden drill program to deliver significant results in 2019.”

QA/QC, Qualified Person, and Contact

All samples were delivered to ALS Chemex in Kamloops and/or North Vancouver, British Columbia for analysis of select elements by ICP-MS analysis using 4 acid-digestion. Quality control entailed insertion of company standards, blanks, and duplicates into the trench sample stream. In addition, ALS Chemex routinely inserted blanks and standards into the sample stream at the assay laboratory. All reported standard and blank assay values, as well as duplicates were within an acceptable margin of error.  Work at Pine Pass is being supervised by Jo Price, M.Sc., MBA, P.Geo, VP Exploration of the Company. She is a Qualified Person as defined under National Instrument 43-101 and has read and approved this release.

For additional information please contact Craig Roberts at 604-682-4750 or view the Company’s website, www.ethosgold.com.

Ethos Gold Corp.

Per: "Craig Roberts"

Craig Roberts P.Eng., Interim President & CEO

Forward-Looking Statement Cautions:

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding future exploration plans on the Pine Pass project. 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. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, 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 risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or 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, and the risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. 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.

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December 04, 2018
Ethos appoints Jo Price, M.Sc, MBA, P.Geo as VP Exploration

THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, BC - December 4, 2018, Ethos Gold Corp. ("Ethos" or the "Company") (TSXV:ECC) is pleased to announce that it has appointed Jo Price, M.Sc., MBA, P.Geo., as Vice-President Exploration. Jo is an independent geological consultant to a number of junior mining and exploration companies with more than 20 years in the field, including 10 years in project management. She has worked on multiple gold, poly-metallic, and graphite, and vanadium projects in the USA, Australia, and Canada. Jo has a Bachelor of Science in Geology (1995) from the University of Wales, College of Cardiff, and a Master of Science in Geology (1997) from Dalhousie University in Halifax. Jo is a professional geologist registered with the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and Association of Engineers and Geoscientists of British Columbia (APEGBC).

During her career, Jo has managed multi-million dollar exploration programs overseeing technical direction, budgets, and operations. She has extensive experience in field operations, drill programs, technical database administration, land management, community relations, and exploration permitting in multiple jurisdictions.

Craig Roberts. P.Eng., President & CEO of Ethos stated that "Jo's experience and skill sets make her an excellent fit to oversee the advancement of our current projects and to play a lead role in the evaluation of further opportunities for Ethos. To date Jo has worked as a consultant to Ethos and supervised the initial work program at our Pine Pass vanadium project culminating in the very impressive trench results press released on November 1, 2018. Jo is now leading the preparatory work towards a significant drill campaign at Pine Pass in 2019."

Ethos also announces the granting to Jo Price of 350,000 options of the Company exercisable for a period of up to five years from the date of grant at a price of $0.23 per share. This grant is subject to acceptance by the TSX Venture Exchange.

For additional information please contact Craig Roberts at 604-682-4750 or view the Company's website, www.ethosgold.com.

Ethos Gold Corp.

Per: "Craig Roberts"

Craig Roberts P.Eng., Interim President & CEO

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.
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November 01, 2018
Ethos trenches 0.48% V2O5 over 130 m at Pine Pass Vanadium Project

Vancouver, BC - November 1, 2018, Ethos Gold Corp. ("Ethos" or the "Company") (TSXV:ECC) (OTCQX:ETHOF) is pleased to announce the completion of the 2018 sampling and trenching program (Phase 2 work) and to provide initial trench results for its Pine Pass vanadium project, located on the John Hart Highway, north-eastern British Columbia approximately 70 kilometers west of Chetwynd, and 200 kilometers north of Prince George.

Following up on initial soil, rock, and stream sediment sampling (see September 25, 2018 press release), five trenches were hand dug at Pine Pass in September and early October 2018. Trenches 18PPT1, 2 and 5 were hand dug across the projected east limb of the host syncline which dips approximately 45-50° to the west. Trenches 18PPT3 and 4 were dug across the projected west limb which dips approximately 50-60° to the east. Additionally, a line of continuous rock chip sampling (18MST1) was completed across the west limb mineralized horizon on a road cut on the John Hart Highway.

A 100 m interval in Trench 1 (18PPT1) on the eastern syncline limb subcrop (see Figure 1) returned the following results (continuous along trench):

Length (m)        V2O5 Grade
15   0.44%
10   unable to get to bedrock
23   0.47%
25   0.25%
27   0.45%
100    

This interval is contained within a broader mineralized envelope: in Trench 1 there were cumulative sample intervals (not continuous: there is one 10m and one 7m gap) of 255 m averaging 0.27% V2O5.

Trench 2 (18PPT2) located approximately 1.1 km south east of Trench 1 also on the eastern limb subcrop (see Figure 1) returned the following results:

Length (m)        V2O5 Grade
29   0.45%
    offset in trench
130   0.48%
159    

These Trench 2 intervals are also contained within a broader mineralized envelope: in Trench 2 there were cumulative sample intervals (not continuous: there is one offset gap and one 10m gap) of 218 m averaging 0.43% V2O5.

The beds in Trenches 1 and 2 are dipping approximately 45-50° to the south-west and the sampled intervals will have to be adjusted to true width. The trenches appear to be oriented approximately parallel to the dip direction (perpendicular to strike). While it is very preliminary true widths of the mineralized beds may be in the range of approximately 70% of the measured lengths.

Continuous rock chip sampling (sample line 18MST1) was completed along a road cut on the John Hart Highway approximately 3.5 km south east of Trench 2 (approximately 4.6 km south east of Trench 1) and returned the following results:

Length (m)        V2O5 Grade
50   0.39%
Including:    
20   0.45%

This sampling is in the western limb of the syncline with near vertically dipping beds so these intervals are believed to be close to true widths.


Figure 1

Descriptions and sample summaries of the trenches are below:

Trench# Zone Description Length (m) No. of
Samples
Average Sample length (m) Comments
18PPT1 West Limb Outcrop of laminated and fissile carbonaceous Black Shale, locally interbedded with carbonaceous Grey Siltstone. 255 84 3 Assays Received
18PPT2 West Limb Outcrop of laminated, fissile, and sooty Black Shale with minor carbonaceous Grey Siltstone 218 74 3 Assays Received
18PPT3 East Limb Outcrop of dark grey, semi-massive grey Siltsone with minor Black Shale 73 22 3 Assays Pending
18PPT4 East Limb Outcrop and Talus of Black Shale and Grey Siltstone 33 9 4 Assays Pending
18PPT5 West Limb Outcrop/Subcrop and Talus of Black Shale with minor Grey Siltstone 69 23 3 Assays Pending
18MST1 West Limb Chip Sampling of Black Shale outcrop at Road Cut 65 13 5 Assays Received

Other sampling in this Phase 2 work included:Craig Roberts, P.Eng., President and CEO of Ethos stated:

"We are very pleased and excited with these initial trench and chip sampling results. In Trenches 1 and 2 the grades are comparable with other development stage black shale hosted vanadium projects and the widths are impressive. These trenches are located 1.1 km apart and with the mineralization hosted in dipping bedded stratigraphy the drill target in this area appears relatively well defined with a significant target envelope. The chip sampling on the highway cut is approximately 3.5 km south east of Trench 2 indicating the potential to find mineralization over a substantial strike distance. In total there is approximately 20 km of subcrop strike distance to explore at Pine Pass (approximately 10 km on each syncline limb).

Moving forward we will proceed with work to submit permit applications for an initial drill program to commence in the spring of 2019, as well as for additional trenching and possibly some small test pits. We are also evaluating commencing an initial metallurgical testwork program on sample material taken from the trenches starting in the next several weeks.

With current net cash of approximately $Cdn 5.8 million Ethos is well positioned to execute on these next phases of work.

As previously noted the advantageous location of the Pine Pass vanadium project cannot be over stated. Pine Pass is located on a paved highway 70 km from Chetwynd, British Columbia (population 2,600). The property has been partially logged, and there is good access via logging roads from the highway. There are power, natural gas, and railway lines along this corridor. There is significant mining and other resource activity in this region of British Columbia, providing excellent support infrastructure, mining suppliers and skilled workers".

QA/QC, Qualified Person, and Contact

All samples were delivered to ALS Chemex in Kamloops and/or North Vancouver, British Columbia for analysis of select elements by ICP-MS analysis using 4 acid-digestion. Quality control entailed insertion of company standards, blanks, and duplicates into the trench sample stream. In addition, ALS Chemex routinely inserted blanks and standards into the sample stream at the assay laboratory. All reported standard and blank assay values, as well as duplicates were within an acceptable margin of error.

Work at Pine Pass is being supervised by Jo Price, M.Sc., MBA, P.Geo, a consultant to the Company. She is a Qualified Person as defined under National Instrument 43-101 and has read and approved this release.

For additional information please contact Craig Roberts at 604-682-4750 or view the Company's website, www.ethosgold.com.

Ethos Gold Corp.

Per: "Craig Roberts"

Craig Roberts P.Eng., Interim President & CEO

Forward-Looking Statement Cautions:

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding future exploration plans and development potential on the Pine Pass project. 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. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, 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 risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or 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, and the risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. 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.
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September 27, 2018
La Purisima Gold Project Update

Vancouver, BC -- September 27, 2018, Ethos Gold Corp. ("Ethos" or the "Company") (TSXV:ECC) (OTCQX:ETHOF) is pleased to announce progress on its La Purisima gold project in Chihuahua, Mexico.

Ethos has now completed a rock sampling stage and geologic mapping program in the historic La Purisima gold mine area concessions. Total samples across the poorly outcropping area are 591 rock chip samples of which Ethos work developed 348 rock samples. Most of these samples were taken within a rectangular area following northwest striking parallel veins along 1.7 km strike and over 500 meters corridor width. The samples collected generally range from 1.5 to 3 meters in length usually crossing vein and fracture trends. Ethos did not collect samples in this program from the historic mine site outcrops due to hundreds of prior quality samples taken in three qualified sample programs and more recent mining contamination in the mine site area.

Ethos rock samples in this program were taken mainly outside the main mine area to outline gold anomalous areas away from the historic Purisima mine site. The mine site has both underground and open pit development by the prior owners and has shown significant areas exceeding 2 g Au per tonne; examples are the two samples in the technical report by P. Craig Gibson (see the Company's profile on sedar at www.sedar.com for the full technical report filed on July 27, 2018) from the pit contained in sample 13326 over 1 meter 11.95 g Au per tonne and in sample 13327 from 2 by 2 meter panel 2.05 g Au per tonne. From the 348 Ethos samples outside this area, 64 samples are greater than 0.1 g/t gold average 0.777 g/t. Part of these samples come from an extension of the mine's structures northwest beyond more than 400 meters of valley within pediment covered exposures in old trenches and workings. These structures continue northwesterly and extend to intersect a rhyolite volcanic flow dome body. The flow dome is weakly gold anomalous with quartz veinlets. Geochemistry shown by samples in veins and stockwork in a parallel set of structures east of the Purisima mine contain anomalous arsenic, and mercury and barite as well as silicification of the sedimentary rock. The main mine workings are hosted in andesitic-basaltic flow units and meta-sedimentary rocks.

A set of veins southwest of the mine site show numerous anomalous thallium and cobalt samples within silicified sedimentary host rock. Thallium is commonly associated with Carlin, NV type mineralization and may indicate replacement zones of gold occurring in deeper sedimentary rock calcarious units. Several large calcite veins are present in the same area supporting the conclusion calcium carbonate has been transported from depth.

This data, combined with historic data from surface sampling, historic mine working samples, and historic drill data, have been plotted on plan maps and cross sections. Work to date indicates at least five sub parallel north-west striking mineralized veins with significant broad vein enveloping areas of gold mineralized stockwork in intervening rock between the veins. Additionally, gold mineralized vein splays and stockwork zones diverge from the primary veining, usually into northeast trends. Utilizing this data to plan drill hole locations with angled orientations to test gold content of the mineralized has been completed and permitting for a drill program is now underway. This permit will also include 500 to 700 meters of backhoe trenching planned for three to five of the cross section lines. There is thin alluvium cover over a significant part of the target areas and that trenching with sampling will be undertaken before drilling to further define the priority areas for efficient drill targeting.

Qualified Person and Contact

Mel Herdrick, a director of and consultant to the Company, is a Qualified Person as defined under National Instrument 43-101, has read and approves this release.

For additional information please contact Craig Roberts at 604-682-4750 or view the Company's website, www.ethosgold.com.

Ethos Gold Corp.

Per: "Craig Roberts"

Craig Roberts P.Eng., Interim President & CEO

Forward-Looking Statement Cautions:

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the development and execution of a contemplated La Purisima drill program, including permit applications. 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. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, 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 risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or 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, and the risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. 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.
September 25, 2018
Initial Vanadium Sampling Results Received Ethos Increases Land Position and Commences Trenching Program

Vancouver, BC -- September 25, 2018, Ethos Gold Corp. ("Ethos" or the "Company") (TSXV:ECC) (OTCQX:ETHOF) is pleased to announce progress at its Pine Pass and Ursula vanadium projects in in north-eastern British Columbia approximately 70 kilometers west of Chetwynd, and 200 kilometers north of Prince George.

Assays from initial soil, stream sediment and rock sampling programs completed in early August 2018 on both projects have now been received. A total of 410 soil samples were assayed with results ranging from trace up to a maximum of 5,700 ppm V (1.02% V2O5). Additionally 80 rock samples were assayed with results ranging from trace to up to a maximum of 3,540 ppm V (0.63% V2O5). An additional 21 stream and silt sample assays ranged from trace to up to a maximum of 1,510 ppm V (0.27% V2O5).

Pine Pass Vanadium Project

The Pine Pass sediment hosted vanadium property contains one or more mineralized horizons within a shallowly NW plunging syncline. The fold nose of the vanadiferous horizon is exposed in road cuts along the John Hart Highway where a semi-continuous section of mineralized rock is exposed over a +100 meter wide section.

First pass exploration in July/August (Phase 1) focused on tracing the mineralized zone(s) along strike to the NW. The program was successful in tracing the mineralized horizons for approximately 10 km. A second exploration program is now underway (Phase 2) and will include detailed soil sampling, trenching, rock sampling and geological mapping. To date the program has delineated the mineralized horizons on the east and west limbs of the syncline. Work will continue at least until early October or as weather permits.

Based on these results Ethos has now increased its claim area at Pine Pass to 3,752 Ha to cover additional prospective areas.

Ursula Vanadium Project

At the Ursula property, Phase 1 soil, rock and stream sediment sampling outlined similar strata-bound, sediment hosted vanadium mineralization. Utilizing these results, current Phase 2 work at Ursula includes soil and stream sediment sampling as well as trenching, sampling and geological mapping. The goal of this work is to outline the dimensions of the vanadiferous horizon(s).

Based on these results Ethos has now increased its claim area at Ursula to 3,564 Ha to cover additional prospective areas.

Phase 2 Work Program

Ethos has allocated a budget of approximately C$270,000 for the Phase 2 work at Pine Pass and Ursula. Should ground conditions remain favorable, it is expected that up to 5,000m of soil sampling transects and 600m of hand trenching will be conducted in Phase 2. Phase 2 results are expected to help delineate targets for trenching and/or diamond drilling in subsequent exploration work.

QA/QC, Qualified Person, and Contact

All samples were delivered to ALS Chemex in North Vancouver, British Columbia for analysis of select elements by ICP-MS analysis using 4 acid-digestion. Quality control entailed ALS Chemex inserted blanks and standards into the sample stream. Reported standard and blank assay values were within an acceptable margin of error. Analysis of trench samples as part of Phase 2 work program includes insertion of company standards and blanks in addition to ALS Chemex inserted reference materials.

Work at Pine Pass and Ursula is being supervised by Jo Price, M.Sc., MBA, P.Geo who has been retained by Ethos on a consulting basis. Mel Herdrick, a director of and consultant to the Company, is a Qualified Person as defined under National Instrument 43-101, has read and approves this release.

For additional information please contact Craig Roberts at 604-682-4750 or the Company's website, www.ethosgold.com.

Ethos Gold Corp.

Per: "Craig Roberts"

Craig Roberts P.Eng., President & CEO

Forward-Looking Statement Cautions:

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding future exploration plans on the Pine Pass and Ursula projects. 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. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, 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 risk of accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or 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, and the risk of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. 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.

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