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Selective Project Strategy

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, Newfoundland, and Nevada.

Key to executing our 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

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.

Ethos is currently advancing 10 projects with large discovery potential, with field work including high resolution geophysics, sampling, mapping, data compilation and interpretation.

Five of these projects are anticipated to be drill ready by Q4 2021.

And with approximately $7.0M in working capital we will continue with our strategy that maximizes the chances of discovery while mitigating downside risk.

We are excited by the positive risk/ reward profile of all 10 projects in the Ethos portfolio.

Click Project Titles to Learn More

Fairchild Lake Gold Project

Ontario

100% (earn-in) interest in the 2,228 ha (22.8 km2)

Highlights
  • The property covers a 15km long segment of the regionally significant Kashawogama Lake Shear Zone (KLSZ).
  • Previous government mapping initiatives describe the KLSZ as a brittle – ductile high strain zone that separates granitoid rocks in the north from mafic volcanic and sedimentary rocks in the south.
  • Coarse conglomerate rock units are noted within the core of the shear zones and the Ethos technical team has tentatively interpreted these units as “Timiskaming-like” in appearance, thereby reinforcing the KLSZ as a potentially important structure for hosting gold mineralization.
  • This is the diagnostic structural setting for orogenic (vein hosted) gold deposits that occur in the Superior Province of Ontario and elsewhere.
Planned Work Program

Ongoing desktop research reviews of available data is currently being completed by the Ethos technical team and priority structural and stratigraphic targets are being generated for field follow-up in the spring of 2021. The initial field program will consist of ground truthing of priority targets as well as comprehensive prospecting along the length of the Kashawagama Lake Shear Zone in hopes of generating trench and drill targets for Q4 2021.

Key Terms
  • Ethos can earn a 100% interest in Fairchild Lake Gold Project by making the following cash and share payments at its option:
  • Cash payment of $5k and 500k shares upon signing.
  • 500k shares at 9 months.
  • 500k shares at 18 months.

Heaven Lake

Ontario

Overview
  • Located within 20 km of Impala’s operating Lac des Iles platinum-palladium-nickel-copper mine, and yet the property has seen only sporadic exploration in recent years.
2021 Planned Exploration
  • VTEM survey to commence as soon as possible with the aim of developing drill targets later in 2021.
Key Terms
  • Cash payment of $23,300 on signing
  • 2,000,000 shares within 5 days of Exchange acceptance
  • 2,000,000 shares within 12 months of signing
  • 2,000,000 shares within 124 months of signing
  • There are no work commitments or royalties

Savant Lake

Ontario

70% (earn in): Extensive Sheared Iron Formation Hosted Gold

Highlights
  • 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.
  • Many of the priority gold and VMS targets have yet to be drill tested.

High-resolution helicopter based aeromagnetic survey is complete, and together with comprehensive analysis of the historical data, plan for drill testing of targets in 2021.

Key Terms
  • Ethos can earn a 70% interest in Savant Lake by making the following cash payments, share payments, and work commitments:
Cash Shares Work Commitment
On Signing $50,000 2,000,000
Sep 20, 2021 $50,000 2,000,000 $500,000
Sep 20, 2022 $50,000 2,000,000 $1,000,000
Sep 20, 2023 $50,000 2,000,000 $500,000
Total $200,000 8,000,000 $2,000,000
  • 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

Perk-Rocky

British Columbia

100% (earn in): Copper-Gold Porphyry Target, Cu-Au Mineralization Over 8 km x 5 km Area

Highlights
  • Potential for a large bulk tonnage porphyry Cu-Au deposit.
  • New copper-gold discoveries made over 8 km x 5 km area.
  • Road accessible, under-explored and never drilled.
  • Hallmarks of a strong telescoped porphyry system present.
  • Potential also for high-grade, vein hosted gold mineralization on the periphery of the porphyry target areas
Key Terms
  • 100% earn-in option
  • $690K Cash payments / 2.9M Shares over 3 years
  • 3% NSR can be brought down to 1.0% NSR
  • Incurring a minimum of $350K in exploration costs on or prior to first anniversary of execution date (completed)
  • Milestone Payments: US$3.85 million following 100% earn-in

Schefferville

Quebec

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

Overview
  • Staked 2 claim blocks Sable (23.4k Ha) and Hamard (5.4k Ha) representing district scale coverage of a poorly explored Archean greenstone belt.
Planned Work Program
  • A detailed aeromagnetic survey is planned for the claim blocks, to assist in defining the regional structural framework, but also to directly define areas of magnetite-bearing iron formation.
  • Soil sampling and prospecting.

Fuchsite Lake

Ontario

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

Overview
  • Staked Fuchsite Lake claim block (3,744 Ha) covering unexplored Archean greenstone belt near Armstrong, Ontario.
Planned Work Program
  • A detailed aeromagnetic survey is planned for the claim blocks, to assist in defining the regional structural framework, but also to directly define areas of magnetite-bearing iron formation.
  • Soil sampling and prospecting.

Iron Point

Nevada

50% (earn in): Carlin-type Gold Along 8 km Trend

Overview
  • 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.
  • 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.
Phase 2
  • Ground-based gravity and magnetic surveys as well as select CSAMT lines.
  • Conduct an assay program on samples previously not tested for gold, mercury, arsenic, antimony and other pathfinder elements.
  • MDA will update their 3D model with this new data, which will then be utilized for drill hole targeting.

Gaffney

British Columbia

100% (earn in): Interest in 8,172 Hectare (82 km2) Gaffney Gold Property

Highlights
  • The project is situated in the Eastern Cordillera Gold belt.
  • Linear trends (+6 Km and +4km) of high-tenor gold-in-soil geochemical anomalies with soil values up to 2.95 g/t gold.
  • Soil anomalies including silver; arsenic; antimony – pathfinders for orogenic gold deposits.
  • With good access initial field work will be relatively low cost.
Planned Work Program
  • Ethos plans to complete the following work program during Q4 2020 to Q3 2021:
    • Mapping, prospecting and sampling program.
    • Infill soil survey.
    • Lidar survey.
    • Aeromagnetic survey.
    • Follow-up trenching or (short-hole) auger drilling campaign.
Key Terms
  • Ethos can earn a 100% interest in Gaffney by making the following cash and share payments:
    • Cash payment of $15k and 600k shares upon signing.
    • 600k shares at 12 months.
    • 600k shares at 24 months.
    • 600k shares at 36 months.

Campbell Lake Gold-VMS

Ontario

100% (earn in): Interest in the 4500 Hectare (45 km2) Campbell Lake Gold Project

Highlights
  • A ~10km long prospective alteration corridor was identified by Ontario Government bedrock mapping initiatives in the area from the late 1970’s (Report 251).
  • Extensive sulphide mineralization is described near a regionally significant mafic volcanic – metasedimentary contact zone with reports of significant alteration “sericite schist” along the trend.
  • The property hosts numerous shear zone and iron formation hosted gold prospects associated with Pb and Ag minerals. Reports suggest the enveloping folded iron formation may exceed 90m thick.
  • No modern exploration work has been reported in over 60 years despite prospective geology and relatively good access.
  • Ethos is currently completing a high resolution airborne magnetic survey and acquiring detailed satellite imagery this Fall and follow up prospecting and sampling Is expected to begin in the spring of 2021.
Planned Work Program
  • Ethos is completing a high resolution airborne magnetic survey and acquiring detailed satellite imagery.
  • Follow up prospecting and sampling is expected to begin in the spring of 2021 designed to ground truth geophysical targets and reports of alteration and surface mineralization from previous government sources.
Key Terms
  • Ethos can earn a 100% interest in Campbell Lake by making the following cash and share payments at its option:
    • Cash payment of $10k and 600k shares upon signing.
    • 600k shares on completion and evaluation of airborne geophysical survey.
    • 600k shares at 12 months.
    • 1.8 million shares at 24 months.

Toogood

Newfoundland

100% (earn in) interest in 3350 ha (33.5km2) located on New World Island, approximately 65 km north of Gander, Newfoundland. These projects are contiguous and have good access via paved and gravel roads and trails.

Highlights
  • Limited historic work including by Noranda in the 1980’s to mid-1990’s identified at least nine occurrences with visible gold in bedrock over a structural corridor of more than 5 km (Figure 1). Reported high-grade assays from grab samples included 346 g/t, 245 g/t, 127 g/t and 99.7 g/t gold.
  • The veining occurs the high level of orogenic style depositional environment, filling brittle fracturing of the host rocks. Gold mineralization is present in veining and stockwork fracturing with significant quartz, sulfides, and visible gold.
  • Both coarse and fine visible gold are present, with some locations demonstrating both larger gold particles in the plus 2 mm range (see photos in Figure 2), but also significant coincident finer gold recoverable by panning.
  • Five gold prospects were identified in 2002 (the Hank, Homer, Barney, Piranha, and Kelp prospects) where grab samples returned gold assays including 99.2 g/t, 104.3 g/t, and 127 g/t, 3.1 g/t, 3.5 g/t, 7.5g/t, 9.1 g/t, and 10.4 g/t 2.
  • A limited seven-hole drill program by Manson Creek in 2011 returned 5.7 g/t Au over 1m, and 1.04 g/t over 9.1 m in reconnaissance drilling at two locations.
Planned Work Program
  • Ethos plans to complete the following work program during Q4 2020 to Q3 2021:
    • Historical data review and compilation.
    • Mapping, prospecting and sampling program
Key Terms

Ethos can earn a 100% interest in the Virgin Arm claim block by making the following cash and share payments:

  • Cash payment of $60,000 on signing and 400,000 shares on Exchange approval.
  • Cash payment of $75,000 and 600,000 shares at 12 months.
  • Cash payment of $90,000 and 800,000 shares at 24 months.
  • Cash payment of $150,000 and 1,200,000 shares at 36 months.

The vendor retains a 3% NSR royalty, of which the first 1.5% can be purchased for $1,500,000. There are no work commitments.

Ethos can earn a 100% interest in the Deep Cove claim block by making the following cash and share payments:

  • Cash payment of $65,000 on singing and 600,000 shares on Exchange approval.
  • Cash payment of $45,000 and 600,000 shares at 12 months.
  • Cash payment of $50,000 and 800,000 shares at 24 months.
  • Cash payment of $120,000 and 1,200,000 shares at 36 months.

The vendor retains a 2% NSR royalty, of which the first 1% can be purchased for $1,000,000. Ethos shall incur exploration costs of $100,000 per year on the Deep Cover claim block.