Ethos Reports Re-assay of 33 trench samples averages 13% higher V2O5 grades

Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6

Ethos Reports Re-assay of 33 trench samples averages 13% higher

V2O5 grades

Vancouver, BC – December 12, 2018, Ethos Gold Corp. (“ Ethos ” or the “ Company ”)

(TSXV:ECC) (OTCQB: ETHOF) has now received lithium metaborate fusion assay results for 33

check assays from the 2018 trench sampling program from its Pine Pass vanadium project. The

lithium metaborate fusion assay allows for more com plete digestion of mineral species versus

the ICP-MS with 4 acid-digestion method that has be en used to assay all samples processed to

date. For these 33 check samples, the fusion resul ts were consistently higher versus the ICP-

MS with 4 acid-digestion method, with the fusion as says returning approximately 13% higher

V2O5 grades. To illustrate, if the fusion re-assay of a sample with an original 0.45% V 2O5 ICP-

MS assay returned this average increase, the fusion assay result would be 0.45% x 1.13 =

0.51% V2O5 (this is just illustrative, the actual fusion re-a ssay result may vary significantly from

the average). Within the check assay batch, black shale samples averaged 11% higher in

grade and grey siltstones averaged 16% higher in grade. The Company is now proceeding with

re-assay by the fusion method of all samples from T renches 1 and 2 and also of the continuous

rock chip sampling along the John Hart Highway road cut, and will report these results once

received.

QA/QC, Qualified Person, and Contact

All prior samples were delivered to ALS Chemex in K amloops and/or North Vancouver, British

Columbia for analysis of select elements by ICP-MS analysis using 4 acid-digestion. As noted

these check assays utilized lithium metaborate fusi on analysis followed by acid dissolution.

Quality control entailed insertion of company stand ards, blanks, and duplicates into the trench

sample stream. In addition, ALS Chemex routinely in serted blanks and standards into the

sample stream at the assay laboratory. All reported standard and blank assay values, as well as

duplicates were within an acceptable margin of error. Work at Pine Pass is being supervised by

Jo Price, M.Sc., MBA, P .Geo, VP Exploration of the Company. She is a Qualified Person as

defined under National Instrument 43-101 and has read and approved this release.

For additional information please contact Craig Roberts at 604-682-4750 or view the Company’s

website, www.ethosgold.com .

Ethos Gold Corp.

Per: " Craig Roberts "

Craig Roberts P .Eng., Interim President & CEO

2

Forward-Looking Statement Cautions:

This press release contains certain "forward-lookin g statements" within the meaning of Canadian

securities legislation. Although the Company believ es that such statements are reasonable, it can give no

assurance that such expectations will prove to be c orrect. Forward-looking statements are statements

that are not historical facts; they are generally, but not always, identified by the words "expects," "plans,"

"anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective ,"

"prospective," and similar expressions, or that eve nts or conditions "will," "would," "may," "can," "c ould" 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 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 m aterially from those anticipated in such statements .

Except to the extent required by applicable securit ies laws and the policies of the TSX Venture Exchan ge,

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

beliefs, estimates or opinions, or other factors, s hould change. Factors that could cause future resul ts to

differ materially from those anticipated in these f orward-looking statements include the risk of accid ents

and other risks associated with mineral exploration operations, the risk that the Company will encount er

unanticipated geological factors, or the possibilit y that the Company may not be able to secure permit ting

and other governmental clearances, necessary to car ry out the Company's exploration plans, and the ris k

of political uncertainties and regulatory or legal changes in the jurisdictions where the Company carr ies

on its business that might interfere with the Compa ny's business and prospects. The reader is urged to

refer to the Company's reports, publicly available through the Canadian Securities Administrators' Sys tem

for Electronic Document Analysis and Retrieval (SED AR) 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.