Mr. Craig Roberts reports

ETHOS AMENDS IRON POINT AND PERK-ROCKY PROJECT EARN-IN AGREEMENTS

Ethos Gold Corp. has amended its earn-in agreements for the Iron Point, Nevada, and Perk-Rocky, British Columbia, exploration projects. These amendments were negotiated, in part, to allow additional time to complete the earn-in agreements while the COVID-19 pandemic is active.

Iron Point earn-in agreement amendment

On May 17, 2019, Ethos announced it had executed an agreement to earn a 50-per-cent undivided interest in the gold and silver rights at the Iron Point project, located 22 miles east of Winnemucca, Nev., by spending $5-million over three years, including a minimum expenditure of $1-million in the first year. An amendment to this agreement has now been executed, whereby the term on the earn-in has been increased from three years to five years, and the minimum annual work expenditures starting in the second year of the earn-in are now set at $250,000 (U.S.). Ethos has met its obligation to spend $1-million in the first year of the agreement. All other terms of the original earn-in agreement remain unchanged.

Perk-Rocky earn-in agreement amendment

On May 16, 2019, Ethos announced it had entered into an option agreement to acquire a 100-per-cent interest in the Perk-Rocky copper-gold porphyry project, located 225 kilometres west of Williams Lake, B.C. Based on the first year of work on the property, Ethos has now met the full expenditure requirements for the option agreement and recently completed the required first-anniversary cash and share payments. An amendment to the option agreement has now been executed to defer the year 2 cash and share payment from May 10, 2021, to Aug. 16, 2021. This will allow Ethos additional time in the summer of 2021 to complete and assess project work programs, including a possible drill program, before making a decision regarding the second-anniversary option payment.

We seek Safe Harbor.