Ethos trenches 0.48% V2O5 over 130 m at Pine Pass Vanadium Project

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

Ethos trenches 0.48% V2O5 over 130 m at Pine Pass Vanadium Project

Vancouver, BC – November 1, 2018, Ethos Gold Corp. (“ Ethos ” or the “ Company ”)

(TSXV:ECC) (OTCQX:ETHOF) is pleased to announce the completion of the 2018 sampling

and trenching program (Phase 2 work) and to provide initial trench results for its Pine Pass

vanadium project, located on the John Hart Highway, north-eastern British Columbia

approximately 70 kilometers west of Chetwynd, and 200 kilometers north of Prince George.

Following up on initial soil, rock, and stream sedi ment sampling (see September 25, 2018 press

release), five trenches were hand dug at Pine Pass in September and early October 2018.

Trenches 18PPT1, 2 and 5 were hand dug across the p rojected east limb of the host syncline

which dips approximately 45-50 ˚ to the west. Trenches 18PPT3 and 4 were dug acros s the

projected west limb which dips approximately 50-60 ˚ to the east. Additionally, a line of

continuous rock chip sampling (18MST1) was complete d across the west limb mineralized

horizon on a road cut on the John Hart Highway.

A 100 m interval in Trench 1 (18PPT1) on the eastern syncline limb subcrop (see Figure 1 )

returned the following results (continuous along trench):

Length

(m) V2O5 Grade

15 0.44%

10 unable to get to bedrock

23 0.47%

25 0.25%

27 0.45%

100

This interval is contained within a broader mineral ized envelope: in Trench 1 there were

cumulative sample intervals (not continuous: there is one 10m and one 7m gap) of 255 m

averaging 0.27% V2O5.

2

Trench 2 (18PPT2) located approximately 1.1 km south east of Trench 1 also on the eastern

limb subcrop (see Figure 1) returned the following results:

Length

(m) V2O5 Grade

29 0.45%

offset in trench

130 0.48%

159

These Trench 2 intervals are also contained within a broader mineralized envelope: in Trench 2

there were cumulative sample intervals (not continu ous: there is one offset gap and one 10m

gap) of 218 m averaging 0.43% V2O5.

The beds in Trenches 1 and 2 are dipping approximat ely 45-50 ˚ to the south-west and the

sampled intervals will have to be adjusted to true width. The trenches appear to be oriented

approximately parallel to the dip direction (perpen dicular to strike). While it is very preliminary

true widths of the mineralized beds may be in the r ange of approximately 70% of the measured

lengths.

Continuous rock chip sampling (sample line 18MST1 ) was completed along a road cut on

the John Hart Highway approximately 3.5 km south east of Trench 2 (approximately 4.6 km

south east of Trench 1) and returned the following results:

Length

(m) V2O5 Grade

50 0.39%

Including:

20 0.45%

This sampling is in the western limb of the synclin e with near vertically dipping beds so these

intervals are believed to be close to true widths.

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Figure 1

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Descriptions and sample summaries of the trenches are below:

Trench# Zone Description Length

(m)

No. of

Samples

Average

Sample

length (m)

Comments

18PPT1 West Limb

Outcrop of laminated and fissile

carbonaceous Black Shale, locally

interbedded with carbonaceous Grey

Siltstone.

255 84 3 Assays Received

18PPT2 West Limb

Outcrop of laminated, fiss ile, and sooty

Black Shale with minor carbonaceous Grey

Siltstone

218 74 3 Assays Received

18PPT3 East Limb Outcrop of d ark g rey, semi-massive grey

Siltsone with minor Black Shale 73 22 3 Assays Pending

18PPT4 East Limb Outcrop and Talus of Black Shale and Grey

Siltstone 33 9 4 Assays Pending

18PPT5 West Limb Outcrop/Subcrop and Talus of Black Shale

with minor Grey Siltstone 69 23 3 Assays Pending

18MST1 West Limb Chip Sampling of Black Shale outcrop at

Road Cut 65 13 5 Assays Received

Other sampling in this Phase 2 work included:

• 89 rock grab samples collected (assays pending)

• 535 soil samples collected across 9 lines at a 10m spacing: 6 across the west limb and 3

across the east limb (assays pending).

Craig Roberts, P .Eng., President and CEO of Ethos stated:

“We are very pleased and excited with these initial trench and chip sampling

results. In Trenches 1 and 2 the grades are compar able with other development

stage black shale hosted vanadium projects and the widths are impressive.

These trenches are located 1.1 km apart and with th e mineralization hosted in

dipping bedded stratigraphy the drill target in thi s area appears relatively well

defined with a significant target envelope. The chi p sampling on the highway cut

is approximately 3.5 km south east of Trench 2 indi cating the potential to find

mineralization over a substantial strike distance. In total there is approximately 20

km of subcrop strike distance to explore at Pine Pa ss (approximately 10 km on

each syncline limb).

Moving forward we will proceed with work to submit permit applications for an

initial drill program to commence in the spring of 2019, as well as for additional

trenching and possibly some small test pits. We are also evaluating commencing

an initial metallurgical testwork program on sample material taken from the

trenches starting in the next several weeks.

With current net cash of approximately $Cdn 5.8 mil lion Ethos is well positioned

to execute on these next phases of work.

As previously noted the advantageous location of th e Pine Pass vanadium

project cannot be over stated. Pine Pass is locate d on a paved highway 70 km

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from Chetwynd, British Columbia (population 2,600). The property has been

partially logged, and there is good access via logg ing roads from the highway.

There are power, natural gas, and railway lines alo ng this corridor. There is

significant mining and other resource activity in t his region of British Columbia,

providing excellent support infrastructure, mining suppliers and skilled workers”.

QA/QC, Qualified Person, and Contact

All samples were delivered to ALS Chemex in Kamloop s and/or North Vancouver, British

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

control entailed insertion of company standards, bl anks, and duplicates into the trench sample

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

stream at the assay laboratory. All reported standa rd 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, a consultant to 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

Forward-Looking Statement Cautions:

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

securities legislation, including statements regard ing future exploration plans and development potent ial

on the Pine Pass project. Although the Company beli eves that such statements are reasonable, it can

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

statements that are not historical facts; they are generally, but not always, identified by the words

"expects," "plans," "anticipates," "believes," "int ends," "estimates," "projects," "aims," "potential, " "goal,"

"objective," "prospective," and similar expressions , or that events or conditions "will," "would," "ma y,"

"can," "could" or "should" occur, or are those stat ements, which, by their nature, refer to future eve nts.

The Company cautions that Forward-looking statement s are based on the beliefs, estimates and opinions

of the Company's management on the date the stateme nts are made and they involve a number of risks

and uncertainties. Consequently, there can be no as surances that such statements will prove to be

accurate and actual results and future events could differ materially from those anticipated in such

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

Venture Exchange, the Company undertakes no obligat ion to update these forward-looking statements if

management's beliefs, estimates or opinions, or oth er factors, should change. Factors that could cause

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

risk of accidents and other risks associated with m ineral exploration operations, the risk that the Co mpany

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will encounter unanticipated geological factors, or the possibility that the Company may not be able t o

secure permitting and other governmental clearances , necessary to carry out the Company's exploration

plans, and the risk of political uncertainties and regulatory or legal changes in the jurisdictions wh ere the

Company carries on its business that might interfer e 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' System for Electronic Document Anal ysis and Retrieval (SEDAR) at www.sedar.com for a

more complete discussion of such risk factors and t heir 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.