Ethos Gold Announces Flow-Through Financing to Raise $1.0 Million for Drilling at its Ligneris project, Abitibi, Québec

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Ethos Gold Announces Flow-Through Financing to Raise $1.0

Million for Drilling at its Ligneris project, Abitibi, Québec

Vancouver, BC – September 20th, 2019, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC)

is pleased to announce a non-brokered private place ment to raise gross proceeds of up to

$1,000,110 (the “FT Offering”) by the issuance of u p to 2,703,000 common shares (each a “FT

Share”) at a price of $0.37 per FT Share. The FT Sh ares will qualify as “flow-through shares” within

the meaning of subsection 66(15) of the Income Tax Act (Canada).

The gross proceeds of the FT Offering will be used by the Company to incur “Canadian exploration

expenses” that will qualify as “flow-through mining expenditures” within the meaning of the

Income Tax Act (Canada) related to the Company’s projects in Québec on or prior to December 31,

2020 for renunciation to subscribers of FT Shares effective December 31, 2019.

The FT Offering is subject to the acceptance of the TSX Venture Exchange, and securities issued in

the FT Offering will be subject to a 4-month hold p eriod. Finder’s fees may be payable on all or a

portion of the FT Offering.

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.c om and the Company’s SEDAR profile at

www.sedar.com.

Ethos Gold Corp.

Per: " Craig Roberts "

Craig Roberts, P.Eng., 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.

Forward-Looking Statement Cautions:

This press release contains certain "forward-looking statements" within the meaning of Canadian securi ties legislation,

relating to, among other things, the Company’s plan to undertake the FT Offering and the contemplated use of the

proceeds to further the exploration and drilling on its Ligneris gold project, Abitibi, Quebec. Altho ugh the Company

believes that such statements are reasonable, it ca n give no assurance that such expectations will pro ve to be correct.

Forward-looking statements are statements that are not historical facts; they are generally, but not a lways, 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 statements, which, by their nature, refer to future events. Th e Company

cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Compa ny'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 wil l prove to be accurate and actual results and futur e events could

differ materially from those anticipated in such st atements. Except to the extent required by applicab le securities laws

and the policies of the TSX Venture Exchange, the Co mpany undertakes no obligation to update these forw ard-looking

statements if management's beliefs, estimates or op inions, or other factors, should change. Factors th at could cause

future results to differ materially from those anti cipated in these forward-looking statements include , possible,

accidents and other risks associated with mineral e xploration operations, the risk that the Company wi ll encounter

unanticipated geological factors, the possibility t hat the Company may not be able to secure permittin g and other

governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be

able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal

changes 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 Se curities Administrators' System for Electronic Docu ment Analysis

and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.