Ethos Gold Announces Additional Financing

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Ethos Gold Announces Additional Financing

Vancouver, BC – August 7, 2020, Ethos Gold Corp. (“ Ethos ” or the “ Company ”) (TSXV:ECC)

announces its intention to carry out a non-brokered private place ment to raise aggregate gross

proceeds of up to C$2,100,000 (the “ Offering ”). The Offering will consist of up to 10,000,000 Units

at a price of C$0.21 per Unit. Each Unit will comp rise one common share (a “Share”) and one half

of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be

exercisable at a price of $0.28 into one common sha re for a period of two years from the date of

issuance. The Warrants will be subject to acceleration at the Company’s discretion in the event its

common shares trade on the TSX Venture Exchange on a volume weighted average price (“VWAP”)

basis of C$0.55 or more for a period of ten consecu tive trading days. The Company anticipates

that a single institutional buyer will subscribe for $1.5 million of the Offering.

Proceeds of this offering will be utilized on the C ompany’s Iron Point project in Nevada and for

general working capital. The Offering is subject t o the acceptance of the TSX Venture Exchange,

and securities issued in the Offering will be subject to a 4-month hold period. Finder’s fees may be

payable on all or a portion of the Offering.

Contact

For additional information please contact Tom Martin at E: [email protected] P: 1-250-516-

2455 or view the Company’s website, www.ethosgold.c om 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 plan to undertake the Offering, the size of the Offerin g and the

contemplated use of the proceeds to further the exp loration on the Company’s Iron Point Project in Nev ada or on other

projects. Although the Company believes that such statements are reasonable, 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, 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," "may," "can," "could" or "should" occur, or are those statements, which, by their nat ure, refer to future

events. The Company cautions that Forward-looking s tatements are based on the beliefs, estimates and o pinions of the

Company's management on the date the statements are made and they involve a number of risks and uncert ainties.

Consequently, there can be no assurances that such statements will prove to be accurate and actual res ults and future

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 u pdate these

forward-looking statements if management's beliefs, estimates or opinions, or other factors, should ch ange. Factors

that could cause future results to differ materiall y from those anticipated in these forward-looking s tatements include

risks associated with the Company’s ability to comp lete the Offering and obtain the necessary approval of the TSX

Venture Exchange, risks associated with the Company’ s ability to use the proceeds of the Offering as ex pected, possible

accidents and other risks associated with mineral e xploration operations, the risk that the Company wi ll encounter

unanticipated geological factors, the possibility t hat the Company may not be able to secure permittin g and 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 carry out its bus iness plans, and the risk of political uncertaintie s and regulatory or legal

changes that might interfere with the Company's bus iness and prospects. The reader is urged to refer t o the Company's

reports, publicly available through the Canadian Se curities Administrators' System for Electronic Docu ment Analysis

and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factor s and their potential effects.