Corporate Overview TSX: ECC FSE: IET.F OTCQX: ETHOF February 2020 1
Cautions and Disclaimers This presentation is current as of Oct 29, 2019. The information contained in this presentation is provided by Ethos Gold Corp. ("Ethos" or the "Company") for informational purposes only. It does not constitute investment advice, or an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of the Company. All references to Ethos are meant to apply equally to the parent company and its subsidiaries. This presentation contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the Company's exploration plans for and resource potential of the Iron Point, Perk-Rocky and Ligneris projects, and also regarding its investment in Ridgeline Minerals Corp. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "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 nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates 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 will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include, accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, or the possibility that the Company may not be able to secure permitting and other governmental clearances, necessary to carry out the Company's exploration plans, and the risk of political uncertainties and regulatory or legal changes in certain of the jurisdictions where the Company carries on its business that might interfere with the Company's business and prospects. The reader is cautioned not to place undue reliance on forward- looking statements, and is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of the Company’s business and the risks associated with that business. This presentation does not constitute an offer of shares for sale in the United States or to any person that is, or is acting for the account or benefit of, any U.S. person [as defined in Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”) (“U.S. Person”)], or in any other jurisdiction in which such an offer would be illegal. This presentation may only be disseminated or transmitted into any jurisdiction in compliance with, and subject to, applicable securities laws. Readers are required to ensure their compliance with applicable security laws. 2
Current Projects Perk-Rocky, BC Copper-gold prophyry target Ligneris, Quebec Gold rich VMS target Corporate Office Suite 1430 – 800 W. Pender St. Vancouver, BC, V6C 2V6 Iron Point, Nevada Carlin-type gold target Ridgeline Minerals Corp. Nevada Carlin-type gold targets 3
Ethos Capital Structure Shares issued and outstanding 62.3 million Avg. Price Options outstanding $0.20 5.3 million Shares Warrants outstanding $0.30 11.8 million Diluted issued and outstanding 79.4 million ECC share price $0.13 / share Net Cash Market capitalization $8.1 million Cash $3.4 million Cash Post Financing Enterprise Value $4.7 million 4
Project Summary Ligneris, Quebec (70% earn in): Abitibi gold-rich VMS (LaRonde type) • Phase 1 Initial drill results completed in December (6000m) are now being received and will be released shortly. • Phase 2 (2000 m) completed in January/February 2020 Perk Rocky, BC (100% earn in): Copper-gold porphyry • Summer 2019 work program released in December outlined: • Widespread “green rock” alteration suggests high level coppery porphyry environment • 50+ New Cu showings and localized porphyry-style • VTEM modelling indicates numerous geophysical targets • 20 regional drill targets have been identified • Drill permitting in place for 2020, currently being amended to include new targets Net Cash Iron Point, Nevada (50% earn in): Carlin-type gold • A recent review by Lewis Teal, a recognized Carlin expert, has confirmed that the 2019 Ethos drilling penetrated productive Lower Plate carbonate stratigraphy prospective for Carlin-type gold targets • The next phase of work will include property-wide gravity and mag surveys, assay for gold of holes recently drilled by Victory Cash Post Financing Metals targeting vanadium, and modelling and drill targeting by MDA Ridgeline Minerals Corp. (equity ownership), Nevada: Carlin-type gold • Ethos owns 1.9 million shares of Ridgeline which is being financed privately at $0.22/share. IPO planned for mid-2020 to be followed by drilling at their Carlin East and Swift projects for Carlin-type gold targets. 5
Directors Craig Roberts, P. Eng - President, CEO and Director Mining engineer with over 30 years of operations, consulting and investment banking experience. Mel Herdrick - Director Professional geologist with over 35 years of experience in exploration in the US and Mexico. Henk Van Alphen - Director Over 36 years in the mining business with experience as an exploration drilling contractor and president, CEO and Director of a number of public companies. Michael Murphy - Director Co-founder and director of Torex Gold Resources Inc. President and Chief Executive Officer of Global Battery Metals Ltd. Management & Advisors Jo Price, P. Geo, MBA - VP Exploration Over 20 years experience as an exploration geologist and project manager Michelle Tanguay – VP Community and Environment Over 25 years of experience working in the resource extraction industry. Focus on First Nation consultation, permitting, coordinating and managing studies. John Robins - Advisor Professional geologist with over 30 years experience in the mining industry. Co-founder of many successful resource companies. Dr. Quinton Hennigh - Technical Consultant Economic Geologist with more than 25 years of exploration experience with major gold mining firms. 6
Ligneris Project, Gold-rich VMS Target, Abitibi, Quebec 7
Ethos Ligneris Option Agreement to Earn 70% • Ethos may earn an initial 51% interest in the Ligneris Project from Société d'exploration minière Vior Inc. (“Vior”) (TSXV:VIO): • by incurring Cdn $750,000 in expenditures per year over the first four years of the agreement commencing June 2019 ($3.0 million in total). • and by issuing to Vior 1.0 million Ethos common shares . • Following an earn-in to 51%, Ethos will have 60 days to elect to earn a further 19% interest (to a total 70% interest) by spending an additional $4 million over the subsequent three years . • No cash is payable by Ethos to Vior. • No royalties are payable on Ligneris and none are created through this earn-in. Location & Access • The Ligneris project is located 110 km north of Val-d'Or. • Easy access through paved and all-weather logging roads. • Basic services are available from the village of Taschereau located 35 km to the south. • The Ligneris project is comprised of 125 claims totalling 53 km2 8
Property Overview Ligneris is an Archean-age gold rich VMS target, with similarities to Bosquet-LaRonde. A large hydrothermal footprint includes two main zones of approximately 200 to 300 meters thick and more than 1.8 kilometers long, suggesting a sizeable and deep-seated mineralized system. The property is transected by a 3-km wide fault zone comparable to other major faults in the Abitibi that host multimillion-ounce gold deposits. Significant high-grade intercepts from historic drilling to 300 m depth 9
Historic and Recent Work • Previous work by Vior (1985-1986), Placer Dome (1987-1990) and Barrick (1997) included 204 drill holes (approximately 40,000 meters) • 75 of these 204 holes crosscut significant gold and/or zinc intercepts (see previous page). • Only 7 holes reached 300 m in depth. • Ligneris has not been drilled in over 30 years. • Previous drilling was done without the benefit of modern, deep penetrating geophysics. • A 717 line-km helicopter-borne VTEM survey and a 125 line-km gradient induced polarization (Gradient IP) survey were completed in 2019. • A new structural study at Ligneris was also completed in late 2019. • The recently completed drilling was guided by these deep penetrating surveys and study work. 10
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