Property, Location and Access

ARCHER, CATHRO & ASSOCIATES (1981) LIMITED 1016 – 510 West Hastings Street Vancouver, B.C. V6B 1L8 Telephone: 604-688-2568 Fax: 604-688-2578 ASSESSMENT REPORT describing PROSPECTING, HAND TRENCHING AND GEOCHEMICAL SAMPLING Field work performed from July 29 to August 3, September 3 to 21 and September 24 to October 15, 2018 at the PINE PASS PROPERTY NTS 93O/10 Latitude 5532΄N; Longitude 12240΄W in the Liard Mining Division, British Columbia prepared by Archer, Cathro & Associates (1981) Limited for ETHOS GOLD CORP. by J. Morton, B.Sc., P.Geo. February 2019 CONTENTS INTRODUCTION 1 LOCATION, PHYSIOGRAPHY, VEGETATION, ACCESS AND CLIMATE 1 TENURES 2 HISTORY AND PREVIOUS WORK 2 REGIONAL GEOLOGY 3 PROPERTY GEOLOGY 5 REGIONAL MINERALIZATION 6 HAND TRENCHING AND PROPERTY MINERALIZATION 6 SOIL GEOCHEMISTRY 8 DISCUSSION AND CONCLUSIONS 9 REFERENCES 11 APPENDICES I STATEMENTS OF QUALIFICATIONS II STATEMENT OF COSTS III ROCK SAMPLE DESCRIPTIONS IV CERTIFICATES OF ANALYSIS V SOIL SAMPLE LOCATIONS VI TRENCH 18PPT1 – 18PPT5 FIGURES Archer, Cathro & Associates (1981) Limited Pine Pass Property Assessment Report February 2019 TABLES No. Description Page I Significant weighted average V2O5 grades from trench 18PPT1 7 II Significant weighted average V2O5 grades from trench 18PPT2 8 III Soil Geochemical Thresholds and Peak Values 9 FIGURES No. Description Follows Page 1 Property Location 1 2 Tenure Locations 2 3 Tectonic Setting 3 4 Regional Geology 3 5 2018 Rock Sample Locations – Map A In Pocket 6 2018 Rock Sample Locations – Map B In Pocket 7 Vanadium Rock Geochemistry – Map A In Pocket 8 Vanadium Rock Geochemistry – Map B In Pocket 9 2018 Soil Sample Locations – Map A In Pocket 10 2018 Soil Sample Locations – Map B In Pocket 11 Vanadium Soil Geochemistry – Map A In Pocket 12 Vanadium Soil Geochemistry – Map B In Pocket 13 Zinc Soil Geochemistry – Map A In Pocket 14 Zinc Soil Geochemistry – Map B In Pocket Archer, Cathro & Associates (1981) Limited Pine Pass Property Assessment Report February 2019 1 INTRODUCTION The Pine Pass property covers a shale-hosted vanadium prospect. It is located in the Rocky Mountains of northeastern British Columbia. The property is wholly owned by Ethos Gold Corp. This report describes a 2018 work program comprising prospecting, hand trenching and geochemical sampling, which were performed during three separate periods: July 29 to August 3, September 3 to September 21, and September 24 to October 15. The author participated in the exploration program and interpreted all resulting data. The author’s Statement of Qualifications is provided in Appendix I, and a Statement of Expenditures is provided in Appendix II. LOCATION, PHYSIOGRAPHY, VEGETATION, ACCESS AND CLIMATE The Pine Pass property is located on the eastern flank of the Hart Ranges – part of the Rocky Mountains of northeastern British Columbia – at the southern border of NTS map sheet 93O/10 (Figure 1). It is centred at latitude 5532΄ north and longitude 12240΄ west. The property extends north-northwest from the eponymous Pine Pass mountain pass – a topographic saddle that connects the Cariboo and Peace River regions. The pass covers the headwaters of the Misinchinka River, to the west, and the Pine River, to the east. From Pine Pass, the Pine River flows eastward toward Chetwynd, connecting to the Peace River near the community of Taylor. The claim block lies approximately 35 km northeast of the community of Mackenzie and 140 km southwest of Fort St. John, which is the closest city with daily scheduled flights. It is directly road accessible using a network of active logging roads that branch off the Callazon-Clearwater Forest Service Road, which connects to the paved, all-weather, John Hart highway (highway 97) in the southern part of the property. Canadian National Railway Co. operates a rail line parallel with the highway that provides access to the ports of Prince Rupert and Vancouver. In addition, a high-voltage transmission line, owned and operated by the BC Hydro and Power Authority, and a natural gas pipeline, cross the southern half of the property. The West Pine Quarry, located immediately southeast of the claim block, currently provides riprap material, via rail, for the construction of BC Hydro’s Site C hydroelectric project. The property straddles the boundary between two physiographic units – the Rocky Mountains to the west and the Rocky Mountain Foothills to the east. Both regions are characterized by rugged alpine and subalpine terrain, with lower elevations thickly treed by western larch, subalpine fir and whitebark pine. The property lies entirely below treeline, with elevations ranging from 1500 m above sea level (asl), on a northwest-trending ridge, to 715 m asl along the Pine River. The climate in the Pine Pass area is typical of the northern Rocky Mountains, characterized by long, very cold winters and short, cool to mild summers. Snowfall typically occurs for five to seven months of the year, with snowpacks commonly as deep as two to three metres. The property is generally snow free from May until November. Archer, Cathro & Associates (1981) Limited Pine Pass Property Assessment Report February 2019 2 In 2018, access to the property was via four-wheel drive vehicles from the communities of Azouzetta Lake and Chetwynd. Typical travel times are 30 minutes from Azouzetta Lake and 1 hour and 10 minutes from Chetwynd. TENURES The Pine Pass property comprises 20 mineral tenures that cover an area of 39.3 km2 (3930 ha). The mineral tenures are located in the Liard Mining District and are registered in the name of Ethos Gold Corp. Details concerning registration are listed below, and the locations of individual tenures are shown on Figure 2. Tenure Name Tenure Number Expiry Date* TIDY 9 1062748 January 4, 2024 DIGIT 1062215 January 4, 2024 WORKING 1058866 January 4, 2024 SWEET 1057464 January 4, 2024 SUGAR 1057465 January 4, 2024 TASTY 1057468 January 4, 2024 ANOTHER 1057469 January 4, 2024 FLAVOUR 1057458 January 4, 2024 TIDY 4 1057616 January 4, 2024 TIDY 5 1057617 January 4, 2024 TIDY 6 1057618 January 4, 2024 TIDY 7 1057619 January 4, 2024 TIDY 8 1057620 January 4, 2024 PINE 1060836 January 4, 2024 PASS 1060837 January 4, 2024 TIDY 3 1057615 January 4, 2024 SWIFT 1057486 January 4, 2024 TIDY 1 1057613 January 4, 2024 TIDY 2 1057614 January 4, 2024 TIDY 10 1064054 October 25, 2019 * Expiry dates include 2019 work, which has been filed for assessment credit but has not yet been accepted. HISTORY AND PREVIOUS WORK In 1976, Canex Placer Limited conducted reconnaissance exploration in northeastern British Columbia, designed to identify sedimentary exhalative (SEDEX) lead-zinc targets. As part of this program, a small number of chip samples were collected at Pine Pass, from shale exposed in two drainages and along highway 97. The samples did not yield a strong response for lead and zinc, but returned significantly elevated values for vanadium (Rotherham, 1990). The results of this program were not made public. Archer, Cathro & Associates (1981) Limited Pine Pass Property Assessment Report February 2019 3 In 1987, D. C. Rotherham staked the PINE 1 to 4 claims, which covered the vanadiferous outcrops previously identified by Canex. Between 1987 and 1990, Rotherham collected chip samples along the highway in order to relocate and better define the vanadium-bearing shale. Twenty-seven samples, collected across 200 m of intermittent outcrops, yielded an average grade of 0.31% V2O5. Rotherham estimated the true thickness of the shale to be approximately 100 m, and recommended further sampling and metallurgical testing (Rotherham, 1990). The claims were subsequently allowed to lapse. In 2007, the Northern Development Initiative Trust and Geoscience BC performed a reconnaissance-scale stream sediment and water survey on NTS map sheet 93O (Jackaman, 2008). Vanadium geochemistry in stream sediment samples was notably elevated along a northwest trending belt of Triassic-aged sedimentary rocks, including the strata that underlie Pine Pass. Five samples were collected from drainages on the property. Four of the samples yielded only weakly elevated values for vanadium, while a fifth sample, collected near the Pine River in the southern part of the property, returned a moderately strong response for vanadium (460 ppm). In January 2018, J. Dawson and M. McClaren re-staked the Canex showing along with a wide belt of prospective lithology to the northwest. That summer, Dawson and McClaren collected 276 silt and soil samples on the property. The majority of the samples were collected along widely-spaced, northeast-trending lines, targeting the northwesterly strike extension of the Canex showing. In July, 2019, Ethos Gold optioned the property from Dawson and McClaren. REGIONAL GEOLOGY The Pine Pass property is located in the foreland fold-and-thrust belt of western Canada, which records the convergence between the North American craton (Laurentia) and outboard geological terranes (Figure 3). In the northern Rocky Mountains, platformal to basinal sedimentary rocks, which developed along a passive Laurentian margin, were progressively shortened and thickened, beginning in the Mesozoic, as Laurentia began converging with an easterly-dipping subduction zone. The foreland fold-and-thrust belt developed in the region behind the collisional zone, as Paleozoic to Mesozoic volcanic, plutonic, sedimentary and metamorphic assemblages, which represent magmatic arcs, microcontinents and ocean basins, were accreted onto western Laurentia (Colpron and Nelson, 2011). The Pine Pass area is underlain by a largely Paleozoic to Triassic stratigraphic succession that comprises a westward-thickening sedimentary prism deposited at the western margin of Laurentia. The prism is defined by overlapping shelf and off-shelf facies that record sea level changes during this time period. In 1961, the Geological Survey of Canada (GSC) published a preliminary geological map of the Pine Pass area (93O) at a 1:253,440 scale (Muller, 1961), which was later updated, at a 1:250,000 scale, by Stott et al.

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