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Closing, and US$50,000 by the 3rd anniversary and by each subse quent anniversary of

Closing until commercial production is commenced.

 Conveying to the Property Owner 1.5 million Ethos warrants, ha ving a 5-year term, and

each exercisable to purchase one Ethos common share at CAD$0.15 per share, with

these warrants vesting as to 500,000 on Closing, 500,000 vestin g 18 months after

Closing, and 500,000 vesting 36 months after Closing. The second and third tranches of

warrants will vest only if Ethos has not terminated the Option Agreement by the

applicable vesting dates.

 Paying concession taxes during the term of the Option Agreemen t, including US$5,500

towards concession taxes currently owed.

The Option Agreement is subject to acceptance by the TSX Ventur e Exchange. The warrants

are non-transferable, and any shares issued on exercise will be subject to a four-month hold

period running from the distribution date of the warrants.

The La Purisima Project

The 1,667 hectare La Purisima project is located in the north c entral part of Chihuahua State,

approximately 250 km northwest of the City of Chihuahua, and 50 km northeast of Nuevo Casas

Grandes. Access to the Property is by 15km of paved road from Nuevo Casas Grandes and

then 60km of gravel road. The paved road exits from State Highw ay 10, immediately north of

Nuevo Casas Grandes.

The project is located in a zone of historic mine development. The existing underground mine

workings include development to a depth of approximately 50 met ers, with gold mineralization

present within a broad structural zone trending north-south. An epithermal low sulfidation vein

system is present over a strike length of over 1.50 kilometers and about 200 meters of width

exposure. Extension of this dimension of principal interest is believed likely to expand across a

covered valley and to both sides of the zone.

The Company’s 43-101 Technical Report for its initial 770 hecta re La Purisima concessions,

dated May 19, 2018 (as amended July 5, 2018), prepared for the Company by P.C. Gibson,

Ph.D., CPG, was filed on SEDAR on July 27, 2018. Presently, th e Company is conducting a

mapping and sampling program on these concessions and intends t o report the results of this

work when completed.

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. The Company’s

website, www.ethosgold.com, will be revised once the NI 43-101 technical report has been

3

accepted by the Exchange to include information on the La Puris ima project as well as other

corporate updates.

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 Exchange acceptance of the Option Agreement,

possible benefits of the Propert y for the development of the La Purisima project should an economic

deposit be discovered, the extent of mineralization believed to be present across the La Purisima project

area, and the future release of results of an ongoing mapping a nd sampling program. Although the

Company believes that such statements are reasonable, it can gi ve no assurance that such expectations

will prove to be correct. Forward- looking statements are statem ents that are not historical facts; they are

generally, but not always, identif ied by the words "expects," " plans," "anticipates," "believes," "intends,"

"estimates," "projects," "aims," "potential," "goal," "objectiv e," "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 m anagement on the date the statements

are made and they involve a numbe r of risks and uncertainties. Consequently, there can be no

assurances that such statements will prove to be accurate and a ctual results and future events could

differ materially from those antic ipated in such statements. Ex cept to the extent required by applicable

securities laws and the policies of the TSX Venture Exchange, t he 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 diffe r materially from those anticipated in these

forward-looking statements include, the Company's inability to secure the acceptance by the TSX Venture

Exchange for the Option Agreement , accidents and other risks as sociated with mineral exploration

operations, 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 other governmental clearances, necessary to

carry out the Company's exploration plans, and the risk of poli tical uncertainties and regulatory or legal

changes in the jurisdictions where the Company carries on its b usiness 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' Syste m for Electronic Document Analysis and

Retrieval (SEDAR) at www.sedar.com for a more complete discussi on 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.