President’s Letter to Shareholders

Yesterday we released our latest exploration results from our Sikasso Property in Southern Mali. (The full press release can be found here: http://compassgoldcorp.com/geochemical‐survey‐identifies‐four‐additional‐strong‐shallow‐gold‐anomalies/ )

The work by our exploration team over these past three months has been outstanding. Through extensive soil sampling, they have already identified at least nine large, near-surface gold anomalies ranging in length from 2km to 12 km. It is remarkable that every target zone we have worked on so far has produced significant anomalies.

Our team has also completed more than 27,000 metres of auger drilling below the 12km long anomaly at Ouassada. We expect to receive the assays from that drilling, which reaches to depths of 20 metres, later this month. We are very interested to see those results as they will guide our plans for deeper bedrock drilling starting about mid-year.

Click here to read the full letter

GEOCHEMICAL SURVEY IDENTIFIES FOUR ADDITIONAL STRONG SHALLOW GOLD ANOMALIES

Toronto, Ontario, April 3, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the previously announced (see Compass news release dated Feb. 28, 2018) ongoing shallow soil geochemical survey program at the Ouassada exploration permit on its Sikasso Property in Southern Mali.

Highlights

  • Four additional parallel, northwest-trending gold anomalies have now been identified over strike lengths up to 12 km and widths up to 2 km (see Figure below), bringing the total to nine.
  • Highest soil samples contain 3,800 parts per billion (ppb) gold (Au) (3.8 grams per tonne (g/t) Au) 550 m north of artisanal workings at Farabakoura. Highest gold concentrations are not restricted to areas of known workings.
  • In this latest round of work, a total of 1,139 shallow soil samples were collected on the Ouassada permit where the average gold background for shallow soil samples was 5 ppb.
  • Deep soil auger sampling at Ouassada is now 90% complete, and the shallow soil sampling is currently taking place on the Sankarani permit with 88% of the samples collected.
  • High-resolution Airborne geophysical interpretation, and structural and hyperspectral remote sensing (satellite) studies have been initiated.

Click here for full news release.