Ethos Gold Corp. Announces Option to Acquire La Purisma Property
Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6
THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS W IRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Ethos Gold Corp. Announces Option to Acquire La Purisma Property
Vancouver, BC – December 1, 2017, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC) is
pleased to announce that it has, through its Mexica n subsidiary Compañía Minera Roca Dorada, S.A. de
C.V. (“ Roca Dorada ”) entered into an option agreement for (the “ Option Agreement ”) with Coztic
Recursos Minerales, S. de R.L. de C.V. (the “ Property Owner ”) to earn a 100% right, title and interest in
and to the mineral concessions comprising the “La P urisima” mineral property situated in the municipal ity
of Buenaventura, Chihuahua, México (the “ Property ”), subject to the Property Owner being entitled to a
2.0% net smelter return royalty upon the Company ea rning 100% interest in the Property on the terms se t
out in the Option Agreement.
The Option Agreement
To earn 100% interest in the Property, the Company will pay to the Property Owner an aggregate of
US$3,490,000 and issue to the Property Owner up to 3,000,000 common shares of the Company (the
“Shares ”) in installments over a period of 72 months, with initial consideration of US$45,000 and 50,000
Shares being due on signing of the Option Agreement . In addition, the Company would be required to
incur exploration expenditures of not less than US$ 1,000,000 within 72 months. The Company will also
pay outstanding mining duties of 1,025,614 Mexican Pesos (approx. CAD$71,000).
The Option Agreement is subject to acceptance by th e TSX Venture Exchange. All of the Shares to be
issued pursuant to the Option Agreement will be sub ject to a four-month hold period running, in each
case, from the distribution date of such securities.
The Property
The Property, is located in the north central part of Chihuahua State, approximately 250 km northwest of
the City of Chihuahua, and 50km northeast of Nuevo Casas Grandes, and comprises the following
mineral concessions:
• concession title no. 210791 which conveys mining r ights to the mineral claim “Minas de la
Purisima” with a surface area of 280.0 hectares, va lid from November 25, 1999 to November 24,
2049;
• concession title no. 191779 which conveys mining r ights to the mineral claim “La Aurora” with a
surface area of 390.0 hectares, valid from December 19, 1991 to December 18, 2041; and
2
• concession title no. 226908 which conveys mining r ights to the mineral claim “Serena 1” with a
surface area of 100.0 hectares, valid from March 31, 2006 to March 30, 2056.
Access to the Property is by 15km of paved road fro m Nuevo Casas Grandes and then 60km of gravel
road. The paved road exits from State Highway 10, immediately north of Nuevo Casas Grandes.
The Property is in a zone of mine development contr olled by a prominent family from northern Chihuahua
that has maintained the concessions in good standin g for many years. The existing underground mine
workings include development to a depth of approxim ately 50 meters, with gold mineralization present
within a broad structural zone trending north south . An epithermal low sulfidation vein system is pre sent
over a strike length of over 1.50 kilometers and ab out 200 meters of width exposure. Extension of thi s
dimension of principle interest is likely to expand across a covered valley and to both sides of the zone.
The Property saw limited drilling in both 1992 and 1997-78 by, respectively, Teck Resources and CRM,
the Mexican government mining-exploration agency. G old-bearing intercepts were obtained in both
programs and these historic results will be compile d and posted to the Ethos website, subject to
compliance with and qualifications required by NI 4 3-101. Only minor parts of core obtained by drillin g
done by CRM were analyzed even though many areas co ntained chalcedonic quartz veining. The true
widths of these reported intersections are not know n. The Company continues to evaluate this historic
information and will report any further information on the inclination, true width, and depth of this data if
and when it becomes available.
Based on site evaluation and a preliminary review o f historic data, the mineralization is interpreted to be
part of a large low sulfidation gold and silver bea ring deposit centered around a young Tertiary age
mineralization system. Compilation work is ongoin g with exploration programs planned to begin in ear ly
2018 to define the extent and mineralization zone with economic potential.
The historical exploration information described ab ove is based on various historical reports, and has not
been independently verified by the Company. A Qual ified Person (QP), as defined in NI 43-101, has not
done sufficient work to classify any historical est imates as a current mineral resource, as defined in NI 43-
101. Readers are cautioned that there has not been sufficient exploration in this instance to define a
current mineral resource, nor is there certainty th at further exploration will delineate a mineral res ource on
the Property.
Mel Herdrick, a consultant to the Company and a qua lified person as defined under National Instrument
43-101, has read and approves this release.
For additional information please contact Gary Freeman at 604-682-4750.
Ethos Gold Corp.
Per: "Gary Freeman"
Gary Freeman, President & CEO
Forward-Looking Statement Cautions:
3
This press release contains certain "forward-lookin g statements" within the meaning of Canadian
securities legislation, relating to, among other th ings, the Company's plans for the acquisition of th e
above-described La Purisima Property and the future exploration of the La Purisima Property. Although
the Company believes that such statements are reaso nable, it can give no assurance that such
expectations will prove to be correct. Forward-look ing statements are statements that are not historic al
facts; they are generally, but not always, identifi ed by the words "expects," "plans," "anticipates,"
"believes," "intends," "estimates," "projects," "ai ms," "potential," "goal," "objective," "prospective ," and
similar expressions, or that events or conditions " will," "would," "may," "can," "could" or "should" o ccur, or
are those statements, which, by their nature, refer to future events. The Company cautions that Forwar d-
looking statements are based on the beliefs, estima tes 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 wil l prove to be accurate and actual results and futur e
events could differ materially from those anticipat ed in such statements. Except to the extent require d by
applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no
obligation to update these forward-looking statemen ts if management's beliefs, estimates or opinions, or
other factors, should change. Factors that could ca use future results to differ materially from those
anticipated in these forward-looking statements inc lude, the Company's inability to secure the accepta nce
by the TSX Venture Exchange for the above-described option agreements, delays faced by the Company
in completing technical reports, accidents and othe r risks associated with mineral exploration operati ons,
the risk that the Company will encounter unanticipa ted geological factors, or the possibility that the
Company may not be able to secure permitting and ot her governmental clearances, necessary to carry
out the Company's exploration plans, and the risk o f political uncertainties and regulatory or legal
changes in the jurisdictions where the Company carr ies on its business that might interfere with the
Company's business and prospects. The reader is urg ed to refer to the Company's reports, publicly
available through the Canadian Securities Administr ators' System for Electronic Document Analysis and
Retrieval (SEDAR) at www.sedar.com for a more compl ete 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.