Ethos Gold Corp. Files Ligneris NI 43-101 Technical Report

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Ethos Gold Corp. Files Ligneris NI 43-101 Technical Report

Vancouver, BC – December 17, 2019, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC)

(OTCQB:ETHOF)is pleased to announce that the Compan y has filed a National Instrument 43-101 -

Standards of Disclosure for Mineral Projects (“ NI 43-101 ”) technical report for its Ligneris gold project ( the

“Ligneris Project ”) located 110 km north of Val’d’Or, Québec, entitl ed “NI 43-101 Technical Report for the

Ligneris Property, Québec, Canada, Lithogeochemical and Geological Interpretation”, with an effective date

of November 28, 2019 (the “ Technical Report ”). The Technical Report is available under the Com pany’s

SEDAR profile at www.sedar.com.

The Technical Report was prepared by Stéphane Faure, PhD, P.Geo. and Claude Savard, P.Geo. of InnovExplo

Inc., each of whom is a “Qualified Person” as defined under NI 43-101 and independent of Ethos.

The Technical Report presents the results of geoche mical, geophysical, structural, and geological

compilation and interpretation of historical and recent data on the Ligneris Project. The report recommends

two phases of exploration work: Phase 1 includes ge ological sampling, 6,500 metres of diamond drilling ,

borehole geophysics and a till survey. Phase 2 incl udes an additional 8,000 metres of diamond drilling and

further borehole geophysics.

Ligneris Option Agreement

Ethos can earn a 51% interest in the Ligneris Project by issuing to Société d'exploration minière Vior Inc. 1.0

million Ethos shares and incurring $3.0 million in expenditures over the first four years of the agree ment.

Following an initial earn-in to 51%, Ethos will have 60 days to elect to earn-in a further 19% interest (thereby

increasing its total interest to 70%) by incurring an additional $4.0 million in expenditures over the

subsequent three years.

Qualified Person

The technical content disclosed in this press release was reviewed and approved by Jo Price, MBA, P. Geo.,

M.Sc., VP Exploration of Ethos and a “Qualified Person” as defined under NI 43-101.

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

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-lookin g statements" within the meaning of Canadian securi ties legislation,

relating to, among other things, the Company’s inte ntion to acquire an interest in the Ligneris Projec t and planned

exploration activities at the Ligneris Project. Al though the Company believes that such statements ar e reasonable, it

can give no assurance that such expectations will p rove to be correct. Forward-looking statements are statements that

are not historical facts; they are generally, but n ot always, identified by the words "expects," "plan s," "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" 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 ar e made and

they involve a number of risks and uncertainties. C onsequently, there can be no assurances that such s tatements will

prove to be accurate and actual results and future events could differ materially from those anticipat ed in such

statements. Except to the extent required by applic able securities laws and the policies of the TSX Ven ture Exchange,

the Company undertakes no obligation to update thes e forward-looking statements if management's belief s, estimates

or opinions, or other factors, should change. Facto rs that could cause future results to differ materi ally from those

anticipated in these forward-looking statements inc lude, possible, accidents and other risks associate d with mineral

exploration operations, the risk that the Company w ill encounter unanticipated geological factors, the possibility that

the Company may not be able to secure permitting an d other governmental clearances necessary to carry out the

Company's exploration plans, the risk that the Comp any will not be able to raise sufficient funds to c arry out its

business plans, and the risk of political uncertain ties and regulatory or legal changes that might int erfere with the

Company's business and prospects. The reader is urg ed to refer to the Company's reports, publicly avai lable 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 factor s and their potential effects.