Pine Pass Vanadium Project Encounters Regulatory Concerns
Suite 1430 – 800 West Pender Street, Vancouver, BC V6C 2V6
Pine Pass Vanadium Project Encounters Regulatory Concerns
Vancouver, BC – March 29, 2019, Ethos Gold Corp. (“ Ethos ” or the “ Company ”)
(TSXV:ECC) announces that it has received notice fr om the Province of British Columbia that
the mineral tenures making up its Pine Pass vanadiu m project, located on the John Hart
Highway between Mackenzie and Chetwynd, B.C., are i ncluded in an area under consideration
for an immediate moratorium on development proposal s and possible inclusion in an expanded
environmental protected area. This notice was issu ed to Ethos in the context of negotiations
between the B.C. Provincial Government, the Canadia n Federal Government, Saulteau First
Nations and West Moberly First Nations, that have r esulted in a draft Intergovernmental
Partnership Agreement relating to conservation and recovery efforts for the Central Group of
Southern Mountain Caribou.(the “Partnership Agreement”).
The Province has advised the Company that, “The dra ft Partnership Agreement proposes
immediate interim habitat protection measures for c ritical areas, an expansion of the Twin
Sisters (Klinse-za) Protected Area, additional habi tat protection in core areas, and operational
recovery and restoration measures.” Furthermore, th e Province has cautioned the Company
that, if the Partnership Agreement comes into force , then the Company’s mineral tenure, “…
may be impacted by the new land protection and regu latory measures that are under
consideration”. Additional details on the Partnersh ip Agreement including on the related
consultation process are available online at the Pr ovincial Caribou Recovery Engagement
Portal:
https://engage.gov.bc.ca/caribou/section11agreement/
The Company is preparing a submission to respond to the draft Partnership Agreement,
conveying its significant concerns about the propos ed measures and to recommend
amendments to mitigate the impact on its Pine Pass vanadium project. Submissions are due by
April 26, 2019.
The Company’s Mines Act Permit application for its planned 2019 Pine Pass exploration
program was submitted to provincial regulators on F ebruary 4 th , 2019, and presently is pending.
Based on recent discussions between the Company and its regulatory contacts, the Company
understands that, for the time being, exploration p ermit applications are being processed in the
ordinary course. Until the Company has more certain ty about the impacts of the Partnership
Agreement on its Pine Pass and Ursula vanadium proj ects, it will continue to maintain its
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projects in good standing. However, given the risk that the proposed Partnership Agreement, if
instituted, will result in new land protection and regulatory measures that could prevent or
materially impair those projects, the Company will curtail making any new material expenditures.
Commented Craig Roberts, P .Eng., President and CEO of Ethos: “Certainly, we are concerned
about the proposed imposition of restrictions on ou r vanadium projects, and we intend to make
a robust submission to the Province to defend the i nterests of Ethos and its shareholders. At
the same time, until the uncertainty over these pro posals is cleared up, we will be measured
appropriately in our activities and expenditures on our Pine Pass and Ursula vanadium
projects.”
About Ethos Gold
Ethos Gold is exploring the La Purisima gold projec t in northwest Chihuahua State, Mexico, as
well as the Pine Pass and Ursula vanadium projects located on Highway 97 in northern, British
Columbia. La Purisima is a near surface, bulk tonna ge oxide gold target. The Company is
nearing completion of its trenching program at La P urisima, and a maiden drill program is
planned to begin by shortly after the trench assay results are received.
The Company is well funded with a current net cash balance of approximately $7.0 million.
Ethos is actively evaluating additional precious metals opportunities.
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., President & CEO
Forward-Looking Statement Cautions:
This press release contains certain "forward-lookin g statements" within the meaning of Canadian
securities legislation, including: statements regar ding the possible negative impacts of proposed land
protection and regulatory measures on the Company’s Pine Pass and Ursula vanadium projects in
northeast B.C.; the Company’s need to carefully man age expenditures on its vanadium projects in the
context of new regulator concerns; a proposed Compa ny submission to the B.C. government to address
its concerns over the proposed land protection and regulatory measures; the expectations concerning th e
Company’s application for a permit for 2019 an expl oration program at Pine Pass; and the project timin g
for the signing of a Caribou Protection Plan that c overs the Company’s Pine Pass project area. Althoug h
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-
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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 risk of accidents and other risks associat ed
with mineral exploration operations, the risk that the Company will encounter unanticipated geological
factors, or the possibility that the Company may no t be able to secure permitting and other government al
clearances, necessary to carry out the Company's ex ploration plans, and the risk of political uncertai nties
and regulatory or legal changes in the jurisdiction s where the Company carries on its business that mi ght
interfere with the Company's business and prospects . The reader is urged to refer to the Company's
reports, publicly available through the Canadian Se curities Administrators' System for Electronic
Document Analysis and Retrieval (SEDAR) at www.seda r.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.