Ethos amends Iron Point and Perk -Rocky project Earn -In Agreements
Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6
Ethos amends Iron Point and Perk -Rocky project Earn -In Agreements
Vancouver, BC – June 16, 2020, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC)
(OTCQB: ETHOF) is pleased to announce amendments to its earn -in agreements for the Iron
Point, Nevada and Perk -Rocky, British Columbia exploration projects. Thes e amendments were
negotiated in part to allow additional time to comp lete the earn -in agreements while the COVID -19
pandemic is active.
Iron Point Earn -in Agreement Amendment
On May 17, 2019 Ethos announced it had executed an agreement to earn in to a 50% undivided
interest in the gold and silver rights at the Iron Point project 22 miles east of Winnemucca, Nevada,
by spending CDN$ 5 million over three years, including a minimum expenditure of CDN $1.0 million
in the first year. An amendment to this agreement has now been executed whereby the term on
the earn -in has been increased from three years to five year s, and the minimum annual work
expenditures starting in the second year of the ear n -in are now set at US$250,000. Ethos has met
its obligation to spend CDN $1.0 million in the fir st year of the agreement. All other terms of the
original earn -in agreement remain unchanged.
Perk -Rocky Earn -in Agreement Amendment
On May 16, 2019 Ethos announced it had entered into an option agreement to acquire a 100%
interest in the Perk -Rocky copper -gold porphyry project located 225 km west of Willia ms Lake,
British Columbia. Based on the first year of work on the property Ethos has now met the full
expenditure requirements for the option agreement a nd recently completed the required first
anniversary cash and share payments. An amendment t o the option agreement has now been
executed to defer the second year cash and share payment from May 10, 2021 to August 16, 2021.
This will allow Ethos additional time in the summer of 2021 to complete and assess project work
programs including a possible drill program before making a decision regarding the second
anniversary option payment.
Contact
For additional information please contact Tom Marti n at E: [email protected] P: 1-250-516-
2455 or view the Company’s website, www.ethosgold.com .and the Company’s sedar profile at
www.sedar.com .
Ethos Gold Corp.
Per: " Craig Roberts "
Craig Roberts, P .Eng., President & CEO
Forward-Looking Statement Cautions:
This press release contains certain "forward-lookin g statements" within the meaning of Canadian securi ties
legislation, including, but not limited to, stateme nts regarding the Company’s plans with respect to t he Iron
Point and Perk Rocky projects and the timing relate d thereto. Although the Company believes that such
statements are reasonable, it can give no assurance that such expectations will prove to be correct. F orward-
looking statements are statements that are not hist orical facts; they are gener ally, but not always, identified
by the words "expects," "plans," "anticipates," "be lieves," "intends," "estimates," "projects," "aims, " "potential,"
"goal," "objective," "prospective," and similar exp ressions, or that events or conditions "will," "wou ld," "may,"
"can," "could" or "should" occur, or are those stat ements, which, by their nature, refer to future eve nts. The
Company cautions that Forward-looking statements ar e based on the beliefs, estimates and opinions of t he
Company's management on the date the statements are made and they involve a number of risks and
uncertainties. Consequently, there can be no assura nces that such statements will prove to be accurate and
actual results and future events could differ mater ially from those anticipated in such statements. Ex cept to
the extent required by applicable securities laws a nd the policies of the TSX Venture Exchange, the
Company undertakes no obligation to update these fo rward-looking statements if management's beliefs,
estimates or opinions, or other factors, should cha nge. Factors that could cause future results to dif fer
materially from those anticipated in these forward- looking statements include the risk of accidents an d other
risks associated with mineral exploration operation s, the risk that the Company will encounter unantic ipated
geological factors, or the possibility that the Com pany may not be able to secure permitting and other agency
or governmental clearances, necessary to carry out the Company's exploration plans, risks and uncertai nties
related to the COVID-19 pandemic, and the risk of p olitical uncertainties and regulatory or legal chan ges in
the jurisdictions where the Company carries on its business that might interfere with the Company's bu siness
and prospects. The reader is urged to refer to the Company's reports, publicly available through the
Canadian Securities Administrators' System for Elec tronic 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.