Ethos Terminates Option to Purchase the Betty And Wolf Properties, White Gold District, Yukon

Ethos Terminates Option to Purchase the Betty And Wolf Properties, White Gold 
District, Yukon 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/01/13 -- Ethos Gold
Corp. (the "Company" or "Ethos") (TSX
VENTURE:ECC)(OTCQX:ETHOF)(FRANKFURT:1ET) announces that it has given
notice to vendors Shawn Ryan and Wildwood Exploration Inc.
("Wildwood") to terminate Ethos' option to acquire up to a 100%
interest in the Betty and Wolf Properties located in the White Gold
District, Yukon pursuant to two property option agreements each dated
November 30, 2010 and amended March 1, 2012. 
Pursuant to the terms of the Betty and Wolf Option Agreements, the
Company is required to keep these properties in good standing for one
year from the date of termination and Ethos has satisfied such
obligation. By terminating the Betty and Wolf Option Agreements,
Ethos will not incur additional cash option payments of $700,000 and
share payments of 2.5 million shares of the Company. 
Management's decision to discontinue the Betty and Wolf Option
Agreements in general was based on exploration results at the Betty
property indicating vein-style but not the targeted bulk-tonnage
style gold-silver mineralization, as well as current market
Ethos continues to hold two properties in the White Gold District,
Yukon including the Bridget property (held under option from Mr.
Ryan/Wildwood) and the 100% owned WC Property. Ethos is actively
assessing additional projects for acquisition or potential merger.  
About Ethos Gold Corp. 
Ethos has working capital of $9 million and 42.9 million shares
issued and outstanding, and retains a highly qualified and successful
management team that will continue to work to create value through
the acquisition and exploration of mineral properties around the
Ethos Gold Corp. 
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, initial drill results from Phase One drilling at
the Betty Property, White Gold District, Yukon Territory, as well as
future exploration plans for the property. 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 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. 
Ethos Gold Corp.
Gary Freeman
President & CEO
Ethos Gold Corp.
Fred Leigh
Press spacebar to pause and continue. Press esc to stop.