DRILLING CONTRACT SIGNED IN PREPARATION FOR TESTING THE FIRST OF 14 BEDROCK GOLD TARGETS

Toronto, Ontario, September 27, 2018 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to announce that it has engaged a drilling contractor in preparation for the Company’s initial 3,500 m bedrock-drilling program on the Ouassada permit on its Sikasso Property in Southern Mali.

Highlights

  • Signed drilling contact with Target Drilling SARL for the provision of 2,500 m of air core (AC) drilling and 1,000 m of reverse circulation (RC) drilling
  • Drilling represents the first ever bedrock drilling on the 1,179 sq. km Sikasso Property
  • Initial drilling will focus on four zones on the Ouassada permit considered to be priority areas, and which contain active artisanal gold mining
  • A total of 14 drilling targets were identified on the permit using a combination of geochemistry, geophysics, remote sensing and geological mapping
  • The drilling targets average 1.2 km in length, and the expected depth to fresh bedrock is approximately 50 m

Compass CEO, Larry Phillips, commented, “I am excited at the prospect of drill testing the first of the bedrock drill targets at Ouassada that our technical team has worked diligently to select. Target Drilling has a good reputation and track record in Mali, and we eagerly anticipate seeing their drill rigs starting as soon as ground conditions permit. Artisanal miners have been finding gold in the bedrock on the Sikasso Property for at least fifteen years, but this will be the first time anyone has drill-tested it.”

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COMPASS GOLD IDENTIFIES DISCRETE GOLD IN SOIL ANOMALIES COINCIDENT WITH CRUSTAL-SCALE FAULTS ON KALÉ PERMIT

Toronto, Ontario, September 17, 2018 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the initial results from the completed shallow soil geochemical survey program over the Kalé exploration permit on its Sikasso Property in Southern Mali.
Highlights
● Four discrete anomalous gold zones were identified over a distance of 15 km on the Kalé permit
● Highest soil sample contained 127 parts per billion (ppb) gold (Au) over a permit with no known outcrops
● Gold anomalism is coincident with deep linear structures, interpreted as faults, identified in the recently completed remote sensing and geophysics studies
● 1,746 samples were collected and analyzed on the areas considered the most prospective for gold mineralization

Compass CEO, Larry Phillips, commented, “These latest shallow soil assay results from the Kalé permit provide us with more evidence of the mounting potential across much of our Sikasso property. Our focused soil sampling study over Kalé has identified four areas over a distance of 14 km that require follow-up geochemistry. Importantly, our remote sensing and geophysical studies suggest these anomalies are located on the fault zone associated with at least two other known gold deposits. When field operations begin after the rains, these will be four more areas where we look forward to conducting additional work.”

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