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Exploring for Gold in North Americas Top Producing Gold Belts - - PowerPoint PPT Presentation

TSX-V: ECC OTCQX: ETHOF FRANKFURT: 1ET Exploring for Gold in North Americas Top Producing Gold Belts Investor Presentation Sept. 2020 Forward Looking Statements This presentation is current as of September 30, 2020. The information


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Exploring for Gold in North America’s Top Producing Gold Belts

TSX-V: ECC OTCQX: ETHOF FRANKFURT: 1ET

Investor Presentation – Sept. 2020

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A UGUST 2020 | 2 TSX: ECC | OTCQX: ETHOF | FRANKFURT: 1ET | ethosgold.com

Forward Looking Statements

This presentation is current as of September 30, 2020. 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

  • ffer to issue or arrange to issue, or the solicitation of an offer to issue, securities
  • f the Company. All references to Ethos are meant to apply equally to the parent

companyand 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, Schefferville, Fuchsite Lake, Savant Lake, 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

  • bligation

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

  • ut 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 securitylaws.

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Investment Highlights

  • Ethos Gold is a Discovery Group company pursuing gold and copper discovery in district scale projects in world class mining camps in

Quebec, Ontario, British Columbia, and Nevada.

  • Key to executing this strategy is a team of exploration geologists with strong track records of discovery, led by Dr. Rob Carpenter,

P.Geo., Chief Technical Advisor, and Jo Price, P.Geo., V.P. Exploration.

  • As CEO of Kaminak Gold Corporation, Dr. Carpenter led the Kaminak team from initial listing in 2005 through acquisition and discovery
  • f the multi-million ounce Coffee Gold Project, Yukon, acquired by Goldcorp in 2016 for over $500 million.
  • The Ethos team team includes Dr. Robert Brozdowski, P.Geo.; Dan MacNeil, M.Sc., P.Geo; Dr. Alan Wainwright, P.Geo., FSEG; Dr.

Quinton Hennigh; and Marc L’Heureux, M.A.Sc., P.Geo.

  • Discovery Group co-founders John Robins, P.Geo., and Jim Paterson, and long time Discovery Group member Jeff Sundar are also

actively engaged as technical and strategic advisors.

  • With approximately $7 million in working capital Ethos is well funded to advance its projects.
  • Ethos is currently advancing five projects with large discovery potential, with field work including high resolution geophysics, sampling,

mapping, data compilation in interpretation.

  • All five of these projects are anticipated to be drill ready in the first half of 2021.
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Current Projects

Iron Point , Nevada

Carlin-type Gold Target

Fuchsite Lake, Ontario

Iron Formation Hosted Gold

Perk-Rocky, BC

Copper-gold Porphyry Target

Schefferville, QC

Iron Formation Hosted Gold

Ligneris, QC

Gold-rich VMS Target

Corporate Office

1430 – 800 W. Pender St. Vancouv er, BC, V6C 2V6

Ridgeline Minerals

  • Corp. Nevada

Carlin-ty pe Gold Targets

Savant Lake, Ontario

Iron Formation Hosted Gold

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Project Summary

Savant Lake, Ont. (70% earn in): Extensive Sheared Iron Formation Hosted Gold

  • Six historic, high-grade iron formation-hosted surface gold occurrences identified to date within 60 km of cumulative

strike length of under-explored iron formation.

  • Two shear-hosted gold occurrences are known, and VMS targets also exist in the bimodal volcanic rock sequences

exposed on the eastern and southwestern margins of the property.

  • Many of the priority gold and VMS targets have yet to be drill tested
  • High-resolution helicopter based aeromagnetic survey is planned for fall, 2020, and together with comprehensive

analysis of the historical data, plan for drill testing of targets in 2021 Perk Rocky, BC (100% earn in): Copper-Gold Porphyry Target, Cu-Au Mineralization Over 5 km x 3 km Area

  • The Perk Rocky claims contains a large telescoped porphyry-style alteration footprint with presence of porphyry dike

phases, vein stockworks, shallow erosion level with preserved lithocap zone.

  • Intense copper-mineralized distal propylitic alteration. Mineralization showings consist of copper oxides and lesser

copper sulfide associated with fracture surfaces and locally quartz veins, in addition to massive specular hematite.

  • The hydrothermal system is oriented E-W and displays porphyry-style alteration and veins. The dimensions are 9

kilometers (east-west) and up to 3 kilometers (north-south). Evidence for multiple centres.

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Project Summary

Schefferville, Quebec (100% owned): District Scale Iron Formation Hosted Gold

  • Staked 2 claim blocks Sable (23.4k Ha) and Hamard (5.4k Ha) representing district scale coverage of a poorly explored

Archean greenstone belt.

  • Property wide aeromagnetic survey underway.

Fuchsite Lake, Ontario (100% owned): District Scale Iron Formation Hosted Gold

  • Staked Fuchsite Lake claim block (3744 Ha) covering unexplored Archean greenstone belt near Armstrong, Ontario.
  • Property wide aeromagnetic survey to be completed this fall.
  • Recently Joint Ventured with Cross River Ventures (CRV) where CRV is earning of to 60% of the project

Iron Point, Nevada (50% earn in): Carlin-type Gold Along 8 km Trend

  • Initial deep drilling completed by Ethos in 2019. A review by Lewis T

eal, a member of the original Newmont Carlin discovery team, has confirmed that the 2019 Ethos drilling penetrated productive Lower Plate stratigraphy prospective for large Carlin- type gold targets

  • High resolution gravity survey currently underway. Re-assay of holes recently drilled by Victory Metals for parthfinder

elements, and modelling and drill targeting by MDA commencing shortly. Ligneris, Quebec (70% earn in): Abitibi gold-rich VMS (LaRonde type)

  • Large 6 km x 3 km alteration footprint with significant historic gold intercepts in drilling including 10.6 m at 13.5 g/t gold
  • Phase 1 Initial drill results completed in December (6000m), Phase 2 (2000 m) completed in January/February 2020.
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Capital Structure (Post 2020 Financing)

Exchange: Symbols: Share Price: Shares Outstanding: Options: Warrants: Diluted Shares Outstanding: Market Capitalization: Cash: TSX-V ECC $0.24 88.9M 5.1M 24.9M 119.1M $21.3M C$7.0 M OTCQX ETHOF US$0.185

  • Avg. Ex. Price:
  • Avg. Ex. Price:

FRANKFURT 1ET €0.156 $0.20 $0.30

TSX-V: ECC – 1 Year Price History

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Strong Leadership Team

NAME POSITION BACKGROUND Craig Roberts, P.Eng. President, CEO & Director ▪ Mining engineer with over 30 years of operations, consulting and investment banking experience. Mel Herdrick, P.Geo. 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: drilling contractor, President, CEO and Director Michael Murphy Director ▪ Co-founder and director of Torex Gold Resources Inc., President and CEO of Global Battery Metals Ltd. Tom Martin Corporate Development & Investor Relations ▪ Business owner, entrepreneur, specializing in corporate development and IR, Director of Provenance Gold Corp. Jo Price, P.Geo., MBA VP Exploration ▪ Professional geologist with over 22 years of experience in exploration in Canada, USA, and Australia. Michelle Tanguay VP Community & Environment ▪ Environment, regulatory, and stakeholder relations specialist with 25+ years in the exploration sector. John Robins, P.Geo. Advisor ▪ Co-founder and principal of Discovery Group ▪ Professional geologist, prospector and entrepreneur with over 35 years of experience in the mining industry. Jim Paterson, B.Comm Advisor ▪ Co-founder and principal of Discovery Group ▪ Over 22 years of industry experience, including capital raises, acquisitions, joint- ventures, spin-outs, RTOs & IPOs, and corporate development activities. Jeff Sundar Corporate Development Advisor ▪ Twenty years of experience in the capital markets and mineral exploration sector with a focus on corporate development, marketing, and financing.

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Highly Experienced Technical Advisory Team

NAME POSITION BACKGROUND Rob Carpenter Ph.D., P.Geo. Chief Technical Advisor ▪ Over 30 years of corporate and technical mineral exploration experience. ▪ Co-founder and President and CEO of Kaminak Gold Corporation and led the company through the discovery of the 5 million-ounce Coffee Gold Project. ▪ Completed his Ph.D. at Western University, London, ON. Robert Brozdowski Ph.D., P.Geo. Technical Advisor ▪ Over 30 years diverse exploration experience emphasizing magmatic Ni-Cu-PGE & gold, including uranium, VMS, SEDEX, and IOCG deposits. ▪ Obtained Ph.D. Geology from Western University, London, ON, M.A. Geology from Temple University, Philadelphia, PA), and a B.S. Geosciences from Pennsylvania State University. Quinton Hennigh Ph.D. Technical Advisor ▪ Economic geologist with 25 years of exploration experience, mainly gold related. ▪ Obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines. Dan MacNeil M.Sc., P.Geo. Technical Advisor ▪ Economic geologist specializing in precious and base metals with over 19 years of experience in a wide variety of geological settings in the Americas, Europe, Eastern Europe and the Near East.

  • Dr. Alan Wainwright

Ph.D., P.Geo., FSEG Technical Advisor ▪ Economic geologist with 20+ years of mineral exploration and research experience in North America, South America, Europe and Asia, focused on base metals and gold. Marc L’Heureux P.Geo., M.A.Sc. Technical Advisor ▪ Economic geologist with a tenure of more than 25 years in the industry. He has worked

  • n gold, nickel, base metals, and diamond projects in North and Latin America.
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Discovery Group – Raised Over $750M Since 2002

Acquired for $520M by Goldcorp in 2016

Significant Past Transactions

Acquired for $117M by Coeur Mining in 2018

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Savan ant Lak ake

Iron Formation Hosted Gold Target, Ontario

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Highlights

  • The 22,900 ha Savant Lake gold property located in the

Savant Lake Greenstone Belt 240 km northwest of Thunder Bay, Ontario.

  • The property is accessible via an all-weather road and is

located within 25 km of the CNR main rail line.

  • Savant represents a district-scale opportunity which hosts

gold bearing iron formation with an estimated 60 km of prospective strike length on the property.

  • High grade gold mineralization at surface and in historical

diamond drilling occurs over 10 x 10 km area. Showing Lithology Best Surface Sample Assay (g/t Au) Best Historical Drillhole Intercept Horseshoe Iron Formation 138.87 Never drilled Wiggle Creek Iron Formation 77.501,2 15.55 g/t Au over 0.4m1 Shoal Iron Formation 46.651,2 1.87 g/t Au over 0.6m1 One Pine Iron Formation 40.87 23.6 g/t Au over 0.5m1 Snowbird Iron Formation 38.8 Never drilled L28 Iron Formation 32.35 Never drilled Stillar Bay Sheared Iron Formation 4.011,2 3.26 g/t Au over 1.22m1 Big Sandy Sheared Volcanics 3.64 Never drilled

1 Historical assay values have not been independently verified by the Company and a potential investor should not place undue reliance on historical results when making an investment decision, no

r should they be used as the sole criterion for making investment decisions. There is no assurance that the Company can reproduce such results or that the historical results described therein will be realized. 2“Best surface samples” are grab / select sam ples and not necessarily representative o f mineralization hosted on the property.

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Targets

  • Geologic mapping and magnetic data suggest there are multiple

untested gold favourable sites (fold hinges) in iron formation; important structural controls at the past producing Lupin and Homestake mines.

  • The Savant Lake gold occurrences are geologically similar to

iron formation hosted gold mines including Goldcorp's Musselwhite Mine, Agnico Eagle's Meadowbank and Amaruq mines, where gold is hosted in altered iron formation and also along contacts with other rock types and structures.

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Planned Work Program

  • Ethos plans to conduct a high-resolution helicopter-based aeromagnetic

survey in October 2020 to cover the entire claim package.

  • Results of the survey will be integrated with existing geological

geochemical and geophysical data to select follow-up targets for field vetting in spring 2021, and subsequent drill testing later in 2021.

  • Ethos also plans to conduct a orientation basal till sampling program over a

select 10 km x 2 km area encompassing a highly prospective shear zone along the northern margin of the iron formation basin.

  • Till sampling will also cover the southeastern portion of the project area

which contains numerous high-grade gold prospects, a number of which have never been drill tested.

  • Gold grains will be recovered from the till samples and characterized to

estimate intensity of prospective mineralization and distance and direction to bedrock source. A

  • dditionally, other indicator minerals recovered from the till samples and

fine-fraction geochemical analysis for pathfinder elements will assist in defining the broader alteration zones

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Savant Option Terms (70% Earn-In)

Additionally, if a mineral resource in excess of 1 million oz of gold is defined on the property Ethos will make payments to New Dimension of $50,000 and 2 million common shares of Ethos Ethos can earn a 70% interest in Savant Lake by making the following cash payments, share payments, and work commitments:

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Perk-Rocky

Copper-Gold Porphyry Target, British Columbia

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Location

Perk-Rocky

Gibraltar IKE New Prosperity Bralorne Poison Mtn New Afton Highland Valley

Vancouver Williams Lake

Perk-Rocky Cu-Au Porphyry Project Major Porphyry Deposits Gold Projects Porphyry Projects

  • Mt. Polley

Huckleberry Shovelnose

^ _

^ _ ^ _

#

Project Company Development Stage Global Resource

Gibraltar Taseko Active Mine ~594MT @ 0.28% Cu, 0.08% Mo Highland Valley Teck Active Mine ~536MT @ 0.3 % Cu, 0.007% Mo New Afton New Gold Active Mine ~70MT @ 0.74% Cu and 0.5g/t Au IKE Amarc – HudBay Advanced Exploration 300MT @ 0.26% Cu Poison Mountain Barrick Advanced Exploration ~800MT @ 0.24% Cu New Prosperity Taseko Advanced Exploration ~831MT @ 0.23% Cu, 0.41g/t Au Bralorne Talisker Past Producer, Reactivated Exploration Produced: 4.15M Oz from 7.9MT Current resource: ~570KT @ 10g/t Au Shovelnose Westhaven Ventures Exploration 24.5 g/t Au and 107.92 g/t Ag over 17.7m

  • Mt. Polley

Imperial Metals Producer ~250MT @ 0.3% Cu, 0.25 g/t Au, 0.42 g.t Ag Huckleberry Imperial Metals Past Producer, Reactivated Exploration ~180.7MT @ 0.32% Cu

Perk-Rocky is located in South Central British Columbia in the Stikine Terrane which hosts the famed “Golden Triangle” copper and gold deposits in the northern part of the belt including significant porphyry deposits.

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Highlights

  • Potential for a large bulk tonnage porphyry Cu-Au deposit.
  • New copper-gold discoveries made over 9 km x 3 km area.
  • Road accessible, under-explored and never drilled.
  • Hallmarks of a strong telescoped porphyry system present.
  • Analogies with the Hod Maden (Turkey), Hugo Dummett Trend (Mongolia) and Bor-Cerovo Trend (Serbia) deposits.
  • Potential also for high-grade, vein hosted gold mineralization on the periphery of the porphyry target areas.
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Perk-Rocky Option Terms

Ethos can earn a 100% interest in the Perk-Rocky Project by:

  • Paying $Cdn 690,000 over 3 years, including $400,000 on 3rd anniversary ($115,000 paid to date).
  • Issuing 2.9 million Ethos common shares, including 1.45 million shares on 3rd anniversary (750,000 shares paid to date).
  • Incurring $350,000 in first year exploration expenditures (complete).

Following earn-in to 100%, total milestone payments of US$3.85 million, the first is US$350,000 on delivery of a 43-101 compliant resource estimate and the final is US$2.0 million on a production decision. The vendors also retain a 3.0% NSR, which Ethos can buy down to 1.0% Shares Cash (Cdn$) Within 5 days of execution $10,000 Within 5 days of Exchange Acceptance 300,000 $30,000 1st Anniversary (May 2020) 450,000 $75,000 2nd Anniversary (May 2021) 700,000 $175,000 3rd Anniversary (May 2022) 1,450,000 $400,000 Total 2,900,000 $690,000 Paid Paid Paid

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Property Geology

S-N Section 356900E Cu Occurences

G F

Au Occurences

G F

Primary Porphyry Targets lakes snow/glacier rivers/streams roads/trails Claim Boundary S-N Cross Section 356900E

(

Thrust Fault

BRITON NORTH PIN ROCKY WEST

Tonalite Mosley Fm: volcaniclastics Granodiorite porphyry Cloud Drifter Fm: siliclastic sedimentary rocks Lithology

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Geological Section

Propylitic Alteration Anomalous Cu in Rock Samples

1 0.5 Kilometers

Briton Rya Commodore Pyrite-Sericite-Qtz Schist Potassic Alteration Potential DDH Traces Propylitic Alteration limit Potassic Alteration limit Porphyry/Stocks Target Areas

  • S. Cirque

Cloud Drifter Fm: siliclastic sedimentary rocks Granodiorite porphyry Tonalite Mosley Fm: intermediate volcaniclastics

Lithology

BRITON TARGET NORTH PIN TARGET

Porphyry Mineralized Fractures Anomalous Au in Rock Samples

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Mineralization Types

▪ Varied alteration and mineralization types property-wide:

Hydrothermal Magnetite (widespread) Skarn (localized) Epithermal Gold (far more widespread than previously thought) Propylitic Alteration (widespread over kms) Quartz-sericite-pyrite (widespread over kms) Advanced argillic alteration (localized andalusite, diaspore, dumortierite)

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2019-2020 Exploration Program

Field Preparation ▪ 5 Y ear MOAB Drill Permit in place. ▪ First Nation Engagement ongoing. Exploration ▪ Geological mapping & rock sampling

1:5,000 to 1:10,000 level

Provincial orthophoto and Worldview sat image (both 50 cm resolution) used as base

Topographic base 5 m custom DTM

Highly experienced mappers

Approximately 6 by 4 km area

▪ T alus and Stream sampling ▪ Halo T erraspec study ▪ Petrographic study on selected rock samples and Kspar staining to delineate alteration ▪ Chlorite Proximeter testing ▪ Fracture Density Study Airborne Survey ▪ Property-wide (657 line-km) VTEM and magnetic airborne geophysical survey ▪ Geophysical modelling & interpretation

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2019 Exploration Program – Conclusions

▪ Widespread telescoped “green rock” low- to high- temperature alteration suggests high level environment ▪ Further supported by Briton advanced argillic zone and multielement anomalies (Bi-As-Sb-Cd±Ag±Au) ▪ 50+ New Cu showings ▪ Recognition of secondary biotite, relict in chlorite-silica wash; abundant at Rye and Briton. ▪ Biotite alteration at high elevation consistent with structural juxtaposition or telescoping. This suggests that a copper-rich core. ▪ Copper mineralization in distal alteration facies suggests upside for Cu tenor in a possible potassic core. ▪ Prospective alteration continues at the eastern limit of the property. ▪ Distal alteration mineralogy is intense and copper-bearing.

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QSP Alteration

RYA jQSP footprint BRITON

QSP alteration (East lowest elevation in system) and structurally controlled ‘exhaust’ (West) cuts propylitic alteration halo – locally higher temperature alteration present at Briton and Rya prospects

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Checklist for a Strong Cu-Au Porphyry Exploration Project

Perk Rocky

Telescoping; juxtaposition of multiple systems => increases likelihood that drill target is <1000m deep

Mafic to intermediate composition (reactive) host rocks => increases likelihood that drill target is <1000m deep

Porphyry dikes => present in most deposits globally

Extensive copper mineralization => implies significant metal endowment

Large, multi-km alteration footprint

Intense alteration with Cu mineralization present in distal facies

Top of system preserved; includes AA facies

Development of stockwork-style veins (e.g. A-veins, D-veins etc.)

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Iron Point

Carlin-type Gold Target, Nevada

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Overview

▪ The Iron Point project comprises 13,300 acres and is located 22 miles east of Winnemucca, Nevada, within 3 miles of Interstate 80. ▪ The project is located at the intersection of the Battle Mountain and Getchell Gold Trends, and

  • n trend from several world-class gold mines

including Twin Creeks, Getchell/Turquoise Ridge, and Marigold. ▪ Ethos can earn a 50% undivided interest in the gold and silver rights at Iron Point property by spending CDN$ 5 million over three years.

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2019 Drilling – Hole EG-5

▪ EG-5 was the first deep core hole ever drilled at Iron Point and was successful in penetrating through the Roberts Mountain Thrust (“RMT”) into Lower Plate (“LP”) stratigraphy a depth of approximately 422 m (1385 ft), continuing to its final depth of 710 m (2330 ft). ▪ EG-5 intersected 288 m (945 ft) interval of highly altered LP stratigraphy. ▪ The LP rocks display significant degrees

  • f

decalcification, sooty black sulfides, and silicification with significant intervals of anomalous Au up to 0.22 g/t. ▪ Importantly, the bottom 6 m of this hole graded 0.17 g/t Au suggesting the system may be intensifying at depth. ▪ Bedding angle in the core varies from near horizontal to near vertical, indicating a high degree of folding. ▪ An interval immediately above the RMT graded 17 m at 101.4 g/t Ag including 1.5 m grading 543.6 g/t Ag.

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Work Program

▪ High resolution ground- based gravity and magnetic surveys as well as select CSAMT lines are now underway. ▪ Victory Metals has now completed an extensive vanadium resource definition drill program in Upper Plate rocks which Ethos can utilise. ▪ Ethos plans to conduct an assay program on samples previously not tested for gold and pathfinder elements. ▪ MDA will update their 3D model with this new data, which will then be utilized for drill hole targeting.

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Schefferville

Iron

  • n Formation

n Hosted d Gol

  • ld

Target, Quebec

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Schefferville Overview

▪ New staked 29,800 ha area in two claim blocks, Hamard (5400 ha) and Sable (24,400 ha), 35km west of the mining town of Schefferville, QC. ▪ In 1985, a Quebec Ministry field team discovered the Lac du Canoe gold occurrence (up to 18.9 g/t Au). ▪ Between 1986 and 1997, follow up work resulted in the discovery

  • f

approximately 40 gold

  • ccurrences grading up to 40 g/t Au.

▪ Subsequent drilling yielded intervals including 18.1 g/t Au over 0.7m, 5.83 g/t Au over 3.1m, and 1.05 g/t over 12.55m. ▪ A high-resolution aeromagnetic survey is now underway to define the regional structural framework, and to directly define areas

  • f

magnetite-bearing iron formation.

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Fuchsite Lak ake

Iron Formation Hosted Gold Target, Ontario

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Overview

▪ 3750 ha project located 20 km north of Armstrong, Ontario, accessible by forestry roads, staked by Ethos in 2020. ▪ The target is Archean shear zone hosted gold within deformed and altered ultramafic (fuchsite altered) and mafic volcanic rocks. ▪ This setting and rock type association is a major indicator

  • f gold mineralization in many world class gold camps in

the Superior Province of Ontario and Quebec. ▪ The prospective shear zones each extend more than 5km along. ▪ Historical sampling returned 1.7 grams per tonne gold and 1.4 grams per tonnes gold from two separate samples. ▪ No follow up work has been recorded in nearly 30 years and the area has been overlooked and underexplored. ▪ A detailed aeromagnetic survey is planned for the claim blocks, to define the regional structural framework and areas of magnetite-bearing iron formation.

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Joint Venture with Cross River Ventures (CRV-CSE)

Ethos has optioned the Fuchsite Lake project to Cross River Ventures (CRV-CSE). CRV can earn a 60% interest in Savant Lake by: ▪ completing a series of cash payments totaling $300,000, ▪ Issuing a total of 2,000,000 common shares of CRV to Ethos, ▪ Incurring expenditures on the Project of at least $2,000,000 over 4 Years. Ethos retains a 2% NSR, 1% of which can be purchased for a one-time cash payment of $1M.

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Lign gneris

Gold-rich ch VMS S Target, Abitibi, Quebec

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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 T aschereau located 35 km to the south. ▪ The Ligneris project is comprised of 125 claims totalling 53 km2

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Ligneris Earn-In Terms

▪ 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.

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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

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Interest 51% within 4 years

▪ The 2019 Gradient IP survey outlined significant new chargeability anomalies. ▪ 3D inversion processing indicates a significant increase of the chargeability to a depth of 450 meters correlated to historic shallow gold intersections. ▪ T arget areas generated by the Gradient-IP survey cover a strike of over one kilometer. ▪ InnovExplo, a Val-d’Or based consulting firm, has incorporated the historic and current exploration work into a comprehensive GIS database and used 3D modelling for drill targeting.

2019 Gradient IP Survey

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▪ A total of 14 drill holes totalling 8318 meters were completed in the 2019-20 program. ▪ Drill core demonstrated strongly altered zones to a depth of over 600 meters. ▪ Gold grades up to 23.5 g/t in drill intervals. ▪ Significant grades of silver and base metals reaching up to 10.1 g/t Ag and 0.18% Cu over 9.0 meters (drilling LI-19-06) and 26.4 g/t Ag and 0.43% Zn over 5.0 meters (hole LI-19-07) were intersected in the Central Zone. ▪ A TDEM geophysical survey carried out in 5 of the drill holes detected off-hole anomalies in 2 distinct drill holes in the South zone, indicating conductive bodies within a 100-meter radius.

2019-2020 Exploration Program

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Ridgeline Minerals,

Equity Investment, Nevada

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Ridgeline Minerals Corp. (TSXV:RDG)

▪ 100% ownership of three projects on the Carlin and Battle Mtn – Eureka Trend ▪ Selena ▪ Carlin East ▪ Swift ▪ 116 km2 exploration portfolio ▪ Ethos own 1.9M shares (cost base $0.133/sh) ▪ IPO in August 2020 ▪ Recent close: $0.64 (Aug. 19)

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TSX-V:: ECC

Tom Martin

Email:

tmartin@ethosgold.com

Phone:

+1 (250) 516-2455

Address: 1430 – 800 West Pender Street

Vancouver, B.C. V6C 2V6

Website: ethosgold.com