Agreement For The Fairbanks Claim, New World Island

VANCOUVER - Ethos Gold Corp. has entered into an earn-in agreement under which Ethos may earn a 100% interest in the 325-hectare (3.25 km2) Fairbanks claim located on New World Island, Newfoundland. This project is contiguous to the Company's Deep Cove and Virgin Arm properties, and increases its land position at the Toogood Project to over 118 km2.

The Toogood Project covers 28 km by 8 km of prospective geology hosting numerous gold occurrences on New World Island. Both coarse and fine gold mineralization are present in quartz and sulfide veining and stockwork fracturing of conglomerates and sandstones.

Historic work on the Fairbanks claim includes grab sampling which identified at least three outcrop occurrences of visible gold within quartz veins assaying 130.7 g/t, 33.1 g/t and 22.8 g/t Au within broader mineralized zones known as the RC, VC and BZ zones 1,2 . In addition, numerous anomalous gold samples were collected along these zones both in veins and felsic dykes and vein host rocks.

•At least nine occurrences with visible gold in bedrock over a structural corridor of more than 5 km occur on the south-west section of the property adjacent to the Fairbanks claim, with reported assays from grab samples including 510.7 g/t 346 g/t, 245 g/t, 127 g/t and 99.7 g/t gold 1,2.

Historic work on the north-east section of the Toogood Project includes grab and soil sampling primarily concentrated along the shorelines. Six gold occurrences across these claims were identified by prospectors in the period 2002-2012 with reported assays from grab samples including 11.18 g/t and 10.35 g/t gold in outcrop 1,2.

Alex Heath, CFA., President and CEO, said, "The addition of the Fairbanks claim is strategic, as it not only increases our overall land position at our Toogood project, but also provides Ethos with a contiguous land position near an area with numerous outcrops of visible gold within quartz veins. It also comes at an opportune time, as we finalize our exploration plans for our inaugural field season in Newfoundland."