ECC Ethos Gold Corp

NOT FOR DISSEMINATION INTO THE UNITED STATED OR THROUGH U.S. NEWS WIRE SERVICES

Ethos Capital Corp. (the "Company" or "Ethos") (TSX
VENTURE:ECC)(OTCQX:ETHOF)(FRANKFURT:1ET) is pleased to announce that it has
completed its previously announced fully marketed brokered private placement of
5,800,000 units (the "Units") at a price of $1.00 per Unit and 4,920,000
flow-through shares (the "FT Shares") at a price of $1.20 per FT Share for
aggregate gross proceeds of $11,704,000 (the "Brokered Offering"). The Brokered
Offering was completed by a syndicate of agents led by Canaccord Genuity Corp.
and including Fraser Mackenzie Limited and Salman Partners Inc. (collectively
the "Agents"). In addition, the Company completed a non-brokered private
placement (the "Non-Brokered Offering") of 2,450,000 Units and 600,000 FT Shares
on the same terms as the Brokered Offering for gross proceeds of $3,170,000. The
total gross proceeds of the Brokered Offering and the Non-Brokered Offering were
$14,874,000. Each Unit is comprised of one common share and one-half of one
common share purchase warrant. Each whole warrant will entitle the holder to
purchase one additional common share at a price of $1.35 per share until
November 5, 2012. 


In connection with the Brokered Offering, the Company paid to the Agents cash
commissions in the aggregate amount of $702,240 and issued 643,200 broker
warrants. Each broker's warrant is exercisable until November 5, 2012 to acquire
one additional Unit at a price of $1.00 per Unit. In connection with the
Non-Brokered Offering, the Company paid to five registered dealers finder's fees
in the aggregate amount of $160,320 and issued 154,800 finder's warrants. Each
finder's warrant is exercisable to acquire one additional Unit until November 5,
2012 at a price of $1.00 per Unit. All securities issued under the Private
Placement are subject to a four-month hold period and are not tradable in Canada
until September 6, 2011.


The net proceeds of this offering will be used to advance the Company's Canadian
and Mexican projects and for general working capital purposes.


About Ethos Capital Corp.

Ethos is a junior mining company focused on the exploration and development of
its mineral property prospects located in recognized mineralized belts, in areas
that are politically stable, mining-friendly and hospitable to exploration and
development. The Company's principal assets are its substantial mineral land
positions in the heart of the emerging White Gold / Klondike gold district, as
well as its Santa Teresa and Corrales silver-zinc-lead properties in Mexico.


Ethos Capital 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, the
Company's plans regarding the use of proceeds of the completed Offering.
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,
the Company's inability to secure the acceptance by the TSX Venture Exchange for
its Hen and Bridget option agreements described in it's April 13, 2011 news
release, 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 in Mexico 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.

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