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Ethos Capital Corp.

Publié le 20 mars 2012

Consolidates Yukon Land Holdings

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Home    Corporate    Projects    News    Investors    Contact Mar 20, 2012
Ethos Consolidates Yukon Land Holdings

Vancouver, BC - March 20, 2012, Ethos Capital Corp. (the "Company" or "Ethos") (TSX-V: ECC) is pleased to announce it has acquired an additional 266 claims in the Bridget-Betty area by staking. 55 of the newly staked claims are Tie-In Claims and have been added to the Betty Agreement under the tie-in provisions. 165 of the newly staked claims are Tie-In Claims and have been added to the Bridget Agreement under the tie-in provisions. 46 newly staked claims near the Betty Property are not contiguous and are owned 100% by Ethos.

The Company also announces that it has amended its 2011 option agreements with Shawn Ryan ("Ryan") and Wildwood Exploration Inc. ("Wildwood") relating to the Bridget Claims and the Hen Claims. A total of 1,633 claims have been removed from the Hen Agreement and added to the Bridget Agreement and a total of 476 former Hen Claims were determined not to be required for the Company's exploration objectives and were returned to the vendors.

The terms of the Bridget Agreement remain substantially unchanged (see March 2, 2011 News Release) except for an increase in the total share consideration required to maintain the option having increased by 600,000 over the life of the agreement. The revised claim package is now all covered under the Bridget Agreement and consequently the Hen Agreement has been terminated.

In effect, the Company now has the option to acquire 100% of the expanded Bridget claim group from Ryan and Wildwood by making remaining cash payments aggregating $450,000, incurring remaining exploration expenditures aggregating $2.3 million and issuing up to an additional 2.1 million shares, all staged over the remaining four years of the option term.

Gary Freeman, President and CEO of Ethos says "The net benefit to the Company and its shareholders, taking into account the changes to both the Hen and Bridget Agreements, includes the net reduction of option maintenance obligations over the next four years totaling $525,000 in cash payments, $2,450,000 in exploration expenditures and 1,150,000 fewer shares to be issued."

Including the Company's Wolf and Betty option agreements with Ryan and Wildwood first announced in November 2010, the Company's total Yukon property position, including new staking, presently consists of 4,885 claims (102,000 hectares) in the highly prospective White Gold area, west-central Yukon.

Ethos' Yukon properties are summarized in the following table:

Claims Hectares   Property
2,237 46,700   Betty
2,364 49,400 Bridget
238 4,950 Wolf
46 950   Betty WC
4,885 102,000   TOTALS


To view a claims map, please CLICK HERE.

About Ethos Capital Corp.

Ethos' principal asset is its substantial mineral land position totaling 1,020 square kilometers in the heart of the White Gold/Klondike gold district directly adjacent to Kaminak Gold Corporation's Coffee Gold Project and Western Copper Corporation's final feasibility stage Casino gold - copper project. Ethos has working capital of approximately $14 million and is fully funded for 2012 to execute a planned $7.3 million exploration program focused on the Betty Gold Property consisting of approximately 16,000 meters of drilling. Ethos currently has approximately 42.9 million shares issued and outstanding.

The technical information contained within this news release has been reviewed and approved by Peter Tallman, P.Geo, Chief Operating Officer of Ethos Capital Corp. and Qualified Person as defined by National Instrument 43-101 policy.

For additional information please contact Gary Freeman at 604-682-4750.

Ethos Capital Corp.
Per:

"Gary Freeman"

Gary Freeman, President & CEO


Forward-Looking Statement Cautions:

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation relating to, among other things, the Company's 2012 exploration program. 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, possible, accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, 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 that might interfere with the Company's business and prospects. The reader 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 such risk factors and their potential effects.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View News Release in PDF Format:
Associated File: http://www.ethoscapitalcorp.com/i/pdf/2012-03-20_NR.pdf
170 KB in size, approx. 33 seconds to download at 56.6Kbps


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Ethos Capital Corp.

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CODE : ECC.V
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Ethos est une société d’exploration minière basée au Canada.

Ses principaux projets en exploration sont CORRALES et SANTA TERESA au Mexique.

Ethos est cotée au Canada. Sa capitalisation boursière aujourd'hui est 12,5 millions CA$ (9,4 millions US$, 8,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 13 mai 2011 à 1,44 CA$, et son plus bas niveau récent le 20 mars 2020 à 0,08 CA$.

Ethos possède 47 340 000 actions en circulation.

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Financements de Ethos Capital Corp.
14/04/2011Announces Private Placement of up to $15 Million
Projets de Ethos Capital Corp.
23/05/2012Commences Drilling on the Betty Gold Property, Yukon Territo...
20/03/2012Consolidates Yukon Land Holdings
28/02/2012Board Approves $7.3 Million Yukon Exploration Budget for 201...
18/01/2012Reports Gold Trench Results From The Betty Property, White G...
08/12/2011Identifies Gold Soil Anomaly at Wolf Property, Yukon
29/08/2011Expands "Mascot Creek" Gold Soil Anomaly Area Near the Coffe...
09/08/2011Identifies new "Mascot Creek" Gold Soil Anomaly Area Near th...
08/06/2011Commences Exploration In The White Gold District, Yukon
Communiqués de Presse de Ethos Capital Corp.
22/06/2016Ethos Grants 1,340,000 Incentive Stock Options
12/05/2016Ethos Completes Private Placement Financing and Welcomes Cra...
20/04/2016Ethos Gold Corp. Announces Appointment of New Senior Officer...
24/11/2015IIROC Trading Resumption - ECC
23/11/2015Ethos Gold Corp. and Zootly, LLC Terminate Proposed Business...
26/10/2015IIROC Trading Halt - ECC
16/06/2015Ethos Gold Corp. Announces Results of Annual General Meeting
01/02/2013Terminates Option to Purchase the Betty And Wolf Properties,...
19/09/2012Completes Second Phase of Exploration at Betty Project, Whit...
04/04/2012Changes Name To Ethos Gold Corp.
25/11/2011Reports On Exercise Of Warrants
06/10/2011Samples 24.8 g/t Au from Trench, 7.3 g/t Au from Soil within...
06/10/2011Samples 24.8 g/t Au from Trench, 7.3 g/t Au from Soil within...
12/09/2011Samples 16.4 g/t Gold And 10 g/t Silver from Trenching "Masc...
25/07/2011Discovers 2.1 g/t Gold Near the Coffee Fault, Betty Property...
12/07/2011Identifies Gold Anomalies in the Coffee Fault, White Gold Di...
06/07/2011Acquires 20 Kilometers of Claims Along Coffee Fault, White G...
06/06/2011Acquires 1,460 Additional Claims by Staking in the White Gol...
10/05/2011Budgets $6 Million for Yukon White Gold District in 2011
05/05/2011Completes $15 Million Private Placement
03/03/2011Acquires Two Additional Properties in the Emerging White Gol...
30/11/2010Acquires Gold Properties in the emerging White Gold District
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