Zootly, LLC Provides Update on Proposed Business Combination with Ethos Gold Corp.

NEW YORK–(BUSINESS WIRE)–Zootly, LLC (“Zootly”) announced today that the non-binding Letter of
Intent (“LOI”) entered into with Ethos Gold Corp. (“Ethos”) (TSXV: ECC)
and as previously announced on October 27, 2015 has automatically
terminated. This termination is pursuant to the terms of the LOI as the
parties did not execute a definitive agreement by the deadline of
November 20, 2015 and have mutually decided not to extend the term of
the LOI.

“Zootly may participate in open discussions with Ethos to pursue a
business combination at a later date on other mutually satisfactory
terms, or will pursue alternate financing or business arrangements with
other interested parties,” said George Colwell, Chief Executive Officer
of Zootly. “While we were unable to reach a definitive agreement with
Ethos, Zootly is confident through its latest financing efforts, that it
can achieve its short-term growth strategy, and will continue to
evaluate and monitor its go public strategy to maximize value for its
members. The Board was of the view that focusing collective efforts on
Zootly’s short-term financing needs and growth strategy was the proper
course of action at this time.”

Further, Zootly would like to announce that on November 13, 2015, Zootly
successfully closed an offering of Class A Units of Zootly for gross
proceeds of USD $1,246,670.20 at a price of USD $1.02 per Class A Unit,
and anticipates a subsequent closing of USD $277,980.60 at the end of
November.

About Zootly:

Launched in 2015, Zootly is an on-demand moving application created to
solve the problem of getting things from point A to point B as easily as
possible. Leveraging the under-utilized trucks and crews of licensed,
insured, and experienced moving partners, consumers have peace of mind
when moving personal valuables, furniture, and more. Businesses also
benefit from the on-demand services, which allows them to complete
business moves or transport their products quickly to customers or an
alternate location quickly and efficiently. By offering advanced and
short-notice moving, Zootly goes beyond digitizing services to changing
the moving and logistics industry completely. The Zootly app is
available on Google Play and iOS App Store. For more information, please
visit www.zootly.com.

Contacts

Zootly LLC
George Colwell, 647-551-8394
CEO