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Ethos Provides Update on La Purisima Gold Project

Ethos Gold Corp.  is pleased to announce progress on its La Purisima gold project in Chihuahua, Mexico.

Ethos has now completed a rock sampling stage and geologic mapping program in the historic La Purisima gold mine area concessions. Total samples across the poorly outcropping area are 591 rock chip samples of which Ethos work developed 348 rock samples. Most of these samples were taken within a rectangular area following northwest striking parallel veins along 1.7 km strike and over 500 meters corridor width. The samples collected generally range from 1.5 to 3 meters in length usually crossing vein and fracture trends. Ethos did not collect samples in this program from the historic mine site outcrops due to hundreds of prior quality samples taken in three qualified sample programs and more recent mining contamination in the mine site area.

Ethos rock samples in this program were taken mainly outside the main mine area to outline gold anomalous areas away from the historic Purisima mine site. The mine site has both underground and open pit development by the prior owners and has shown significant areas exceeding 2 g Au per tonne; examples are the two samples in the technical report by P. Craig Gibson (see the Company's profile on sedar at www.sedar.com for the full technical report filed on July 27, 2018) from the pit contained in sample 13326 over 1 meter 11.95 g Au per tonne and in sample 13327 from 2 by 2 meter panel 2.05 g Au per tonne. From the 348 Ethos samples outside this area, 64 samples are greater than 0.1 g/t gold average 0.777 g/t. Part of these samples come from an extension of the mine's structures northwest beyond more than 400 meters of valley within pediment covered exposures in old trenches and workings. These structures continue northwesterly and extend to intersect a rhyolite volcanic flow dome body. The flow dome is weakly gold anomalous with quartz veinlets. Geochemistry shown by samples in veins and stockwork in a parallel set of structures east of the Purisima mine contain anomalous arsenic, and mercury and barite as well as silicification of the sedimentary rock. The main mine workings are hosted in andesitic-basaltic flow units and meta-sedimentary rocks.

A set of veins southwest of the mine site show numerous anomalous thallium and cobalt samples within silicified sedimentary host rock. Thallium is commonly associated with Carlin, NV type mineralization and may indicate replacement zones of gold occurring in deeper sedimentary rock calcarious units. Several large calcite veins are present in the same area supporting the conclusion calcium carbonate has been transported from depth.

This data, combined with historic data from surface sampling, historic mine working samples, and historic drill data, have been plotted on plan maps and cross sections. Work to date indicates at least five sub parallel north-west striking mineralized veins with significant broad vein enveloping areas of gold mineralized stockwork in intervening rock between the veins. Additionally, gold mineralized vein splays and stockwork zones diverge from the primary veining, usually into northeast trends. Utilizing this data to plan drill hole locations with angled orientations to test gold content of the mineralized has been completed and permitting for a drill program is now underway. This permit will also include 500 to 700 meters of backhoe trenching planned for three to five of the cross section lines. There is thin alluvium cover over a significant part of the target areas and that trenching with sampling will be undertaken before drilling to further define the priority areas for efficient drill targeting.

Qualified Person and Contact

Mel Herdrick, a director of and consultant to the Company, is a Qualified Person as defined under National Instrument 43-101, has read and approves this release.

Source: http://www.ethosgold.com/

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