Compass Determines Key Structural Controls on Gold Mineralization at Sodala

High Priority Drilling Targets Identified

Toronto, Ontario, June 29, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed drilling at the Sodala prospect, located on the Company’s Sikasso Property in southern Mali (Figure 1).

Highlights

  • Drilling at Sodala identifies a broad, shallow gold target, associated with a shear zone
  • Air core drilling (9 AC holes, 467 m) intersected gold mineralization within a 280-m wide fault zone cutting artisanal gold workings
  • Further geophysical testing and drilling planned on permit to test a large (1,000 m x 500 m) shallow soil anomaly

Compass CEO, Larry Phillips, said, “Additional bedrock drilling on the Sankarani East permit has identified gold mineralization within a newly discovered shear zone centred on the Sodala artisanal workings.  The results of this latest drilling validate Sodala as a major target for additional geophysical testing and follow-up drilling.  This work has also given us a much clearer understanding of the controls on mineralization, and explains the location of a pronounced soil anomaly, which includes a 31.3 g/t Au sample collected by Compass.

He added, “As we’ve recently reported, geophysical and geological testing has led to our discovery of two new mineralized trends at Tarabala and Samagouela, and it now appears that Sodala lies on a similar structure.  We have abundant evidence that several permits within our 850-square-kilometre property display the necessary geological features to potentially host open-pittable gold deposits, all within one of the most prolific gold districts in the world.”

Permit overview map: http://compassgoldcorp.com/sikasso-properties/

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Compass Discovers Second High-Grade Bedrock Gold Zone on the Samagouela Trend

Grades up to 36.37 g/t Au recorded at shallow depths

Toronto, Ontario, June 22, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed drilling at the Samagouela and Samagouela South prospects, located on the Company’s Kourou permit within the Sikasso Property in Southern Mali (Figure 1).

Highlights

  • Geophysical survey and drilling at Samagouela identify a pronounced, broad, shallow gold target, associated with a shear zone, extending more than 2-kilometres
  • Air core drilling (24 AC holes, 1,253 m) intersects gold mineralization within two wide trends
  • Best interval at Samagouela: 9 m at 5.79 g/t Au (from 45 m, and remains open at depth), including 1 m @ 36.37 g/t Au (from 45m)
  • Best interval at Samagouela South: 14 m at 2.75 g/t Au (from 20 m), including 1 m @ 11.64 g/t Au (from 21 m)
  • Further geophysical testing planned to delineate the shear-zone along with additional drilling to define the extent of the mineralization
  • Assay results pending from Sodala prospect

Compass CEO, Larry Phillips, said, “Our technical team has found evidence of a large and very encouraging gold target running for at least two-kilometres through our Kourou permit.  It is near surface, wide and contains the kind of grades we have been targeting.  This latest drilling has intersected high-grade gold veins beneath, and along strike from, the pit where artisanal miners have recovered gold and we have discovered a new mineralized structure where the mineralization clearly follows a traceable feature in the geophysical data.  Geophysical evidence also suggests the Samagouela shear zone could extend to the Ourourou prospect, a distance of 8 km.”

He added, “We are aggressively executing discreet drill programs targeting three large prospective areas of our Sikasso property – Tarabala, Samagouela and Sodala – testing for the presence of structures with the potential to discover significant traceable gold mineralization. Following on the success we reported last week from Tarabala, our technical team is even more encouraged by these latest results from Samagouela. We expect to be able to release the drill results from Sodala before the end of June.  Overall, we have achieved our key objectives through our 2020 exploration campaign. We will use these results in planning our next drill program focused on these three exciting prospects as we drive towards our goal of defining areas with large, near surface gold mineralization.”

Permit overview map: http://compassgoldcorp.com/sikasso-properties/

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Compass Increases Confidence in a 2-Km Structural Gold Target Within 10-Km Tarabala Trend

Additional Drilling Targets Identified by Ground Geophysics

Toronto, Ontario, June 15, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed drilling at the Tarabala prospect, located on the Company’s Sikasso Property in Southern Mali (Figure 1).

Highlights
● Coordinated exploration work at Tarabala identifies a pronounced, broad, shallow gold target, associated with a shear zone, extending more than 2-kilometres
● Air core drilling (24 AC holes, 1,253 m) intersected gold mineralization within the 10 km long Tarabala soil geochemistry trend
● Best interval was 14 m at 1.24 g/t Au (from 23 m), including 1 m @ 12.99 g/t Au (from 33m)
● Further geophysical testing planned on other Tarabala Trend prospects in preparation for additional drilling once ground conditions permit

Compass CEO, Larry Phillips, said, “Our technical team has uncovered a large and very encouraging gold target running for at least two-kilometres through our Sankarani permit, which remains open at both ends. A combination of drilling, soil sampling and geophysical surveys confirms our interpretation that our permits cover a highly-favourable segment of the Tarabala fault, and further supports our belief that we are in the correct geological environment for a major gold-bearing system, one which demands additional testing.

He added, “In addition to the work at Tarabala, our team completed initial air core drilling programs at two large targets; Samagouela on our Kourou permit; and, Sodala on our Sankarani East permit. Like Tarabala, these targets were selected based on highly prospective geophysical and geological data, and their potential to contain large near surface gold mineralization. With the results from Samagouela and Sodala expected in the next few weeks, we hope to continue to demonstrate the significant potential for finding gold deposits at the Compass land package, which totals more than 850 square kilometres, all within one of the most prolific gold districts in the world.”

Dr. Madani Diallo, Director and Country Manager, added, “As our current exploration program nears its conclusion with the start of the rainy season, I am gratified to see the positive results that our field teams have achieved. It is especially important to note that this work has been completed without any cases of COVID-19 infection amongst Compass employees or subcontractors in the field or our exploration office in Bamako, and that we have continued our stringent health protocols.”

Permit overview map: http://compassgoldcorp.com/sikasso-properties/

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Compass Gold: Investor Conference Call & Review

Toronto, Ontario, May 19, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to announce that it will host a webinar and conference call at 11:00 a.m. E.T. on Thursday, May 21st, to provide a review of the Company’s recent activities, as well as its plans for continuing exploration on its Sikasso Property in southern Mali.

Before the webinar, investors are invited to review the Company’s latest news releases (http://compassgoldcorp.com/category/news/).

Our latest investor presentation will be available on our website on Thursday.

Compass CEO, Larry Phillips, said, “We continue to be excited about the results we’re receiving from the field, and about the newest exploration work we are conducting now as we approach the rainy season in Mali beginning in about six weeks. We want to take this opportunity to provide investors with an exploration update, and once again, we will have our Exploration Manager, Dr. Madani Diallo, and our Technical Director, Dr. Sandy Archibald, P.Geo, joining the rest of our management team on this webinar. We hope that you will either join us on this webinar or go to our website afterward to review the replay.”

The webinar is scheduled for Thursday, May 21st, at 11:00 a.m. Eastern Time, and is to be recorded and available for later playback. Replay details will be available on Compass’s website following the call.

Please register here: https://us02web.zoom.us/webinar/register/WN_PbPnzfT5Sfmb44-4m1Ucjg

The event will also be live-streamed on Adelaide Capital’s YouTube Channel here: https://www.youtube.com/channel/UC7Jpt_DWjF1qSCzfKlpLMWw

For technical and security reasons, all participants will be muted, but will be able to type their questions into the Q&A during the webinar. You can also submit any questions to: info@adcap.ca.

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Latest Exploration Results on Kourou Permit Encourage Immediate Follow-Up

Toronto, Ontario, May 14, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed drilling at the Samagouela prospect, located on the Company’s Sikasso Property in Southern Mali.

Highlights

  • Air core (AC) drilling at Samaguela (26 RC holes, 1,497 m) intersected gold mineralization at both ends of a 1.4 km interpreted fault zone
  • Best interval was 10 m at 1.67 g/t Au (from 50 m), including 1 m @ 13.04 g/t Au (from 50m), with mineralization open at the base of the hole
  • Drilling encountered gold mineralization 1.4 km south of the Samagouela artisanal workings, including 5 m at 1.93 g/t Au (from 53 m), with mineralization open at the base of the hole
  • Shallow soil anomalism (with samples up to 4.03 g/t Au) present along interpreted fault

Compass CEO, Larry Phillips, said, “Our initial bedrock drilling at Samagouela has identified gold mineralization associated with quartz veins adjacent to a large fault, and underlying extensive artisanal workings. Artisanal miners there have reported that they have used mechanical excavators to recover ‘significant’ amounts of gold. Our drilling along the same fault also intercepted gold mineralization 1.4 km to the south of the workings.  The presence of anomalism up to 4.03 g/t gold in shallow soils samples is also highly encouraging for more bedrock gold mineralization.”

“These results are further confirmation that our permit areas have the potential to host several large, near surface, mineralized zones, which was our core objective for this year’s exploration program. Based on these promising findings, we plan an additional 950 m of AC drilling at Samagouela next month, starting right after we finish the second round at our Tarabala prospect.”

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Drilling Identifies Bedrock Gold Within 10-Km Long Newly Identified Tarabala Trend

Toronto, Ontario, May 7, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed drilling and ongoing shallow soil geochemistry exploration work at the Tarabala and Sodala prospect areas, located on the Company’s Sikasso Property in Southern Mali (Figure 1).

Highlights

  • Air core (AC) drilling at Tarabala (26 RC holes, 1,435 m) intersected gold mineralization within the 10-km long Tarabala soil geochemistry trend
  • Best interval at Tarabala was 16 m at 1.51 g/t Au (from 16 m), including 4 m @ 5.20 g/t Au (from 26m)
  • Drilling at the Sodala artisanal workings intersected NE-trending structure containing five narrow gold zones in one hole (SAAC031), including 1 m at 2.71 g/t Au (from 16 m)
  • An AC drill program of at least 2,500 m will commence immediately, starting with 1,550 m at Tarabala and Sodala, with the remainder at Samagouela

Compass CEO, Larry Phillips, said, “This initial bedrock drilling on our Sankarani permit has identified wide intercepts of gold mineralization associated with quartz veins adjacent to the Tarabala fault.  There are numerous indications of mineralization along this fault within our permit area over a distance of 10 km, which is only part of a 60-km long series of artisanal workings on the Tarabala fault outside the permit.”

“We are encouraged by the drilling results that show clear geological and geophysical evidence of impressive gold in shallow soil samples associated with large faults on both the Sankarani and Sankarani East permits.  Additional exploration, including drilling, is required to determine the extent of mineralization over the 600 m length of the Tarabala artisanal workings, as well as to the north, over the 3.5 km zone of soil anomalism along the Tarabala fault.”

Compass Exploration Manager, Dr. Madani Diallo, added, “Our latest findings undoubtedly call for follow-up work on what is only a 1.5-km portion of this promising 10-km trend. We will initiate this next round of drilling shortly, and expect to finish by late June.”

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Exploration Update: Initial Drilling Completed at Tarabala; Ongoing at Samagouela Artisanal Workings

Toronto, Ontario, April 16, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the latest exploration work at the Tarabala and Samagouela prospecting areas on the Company’s Sikasso Property in Southern Mali (Figure 1).
Highlights
● Exploration program expands into new target areas
● Drilling complete on three fences over at the Tarabala artisanal workings (26 AC holes, 1,465 m) on the Sankarani permit
● Drilling ongoing on three fences at the Samagouela artisanal workings (26 AC holes planned) on the Kourou permit
● Infill shallow soil sampling extends Samagouela target to over 1.7 km
● COVID-19 protocols are being implemented in Mali following government advice

Compass CEO, Larry Phillips, said, “Our latest exploration program, which we initiated following the end of the rainy season in December, is focusing on gathering geological and structural data to help us to understand the multiple large targets on several parts of our permits. This includes our ongoing assessment of the Farabakoura Trend, which was our first zone of targets identified last year. The large size and relative complexity of our property require that we take a multi-faceted approach involving a range of geological and geochemical techniques in order to generate and to refine each of the many targets our team uncovers.”

He added, “The exploration work we have conducted thus far on several areas confirms our belief that our Sikasso property consists of several large targets that warrant ongoing drilling. Most recently, fieldwork has encouraged us to significantly increase the original 2,000 m drill program at Tarabala, Samagouela and Sodala to a planned 3,500 m. Drilling is being completed at Samagouela, and the rig will then be mobilized to the Sodala prospect on the Sankarani East permit.”

“Once we have the latest results from our current program, we are planning to conduct an online webinar open to investors during which our management team will discuss our progress and lay out our potential next steps. Details of this webinar, which will also be recorded for later playback, will be announced later this month.”

Permit overview map: http://compassgoldcorp.com/sikasso-properties/

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FIELDWORK CONTINUES ON OUASSADA & SANKARANI PERMITS TO AID BEDROCK DRILLING TARGETING

Toronto, Ontario, July 16, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on ongoing geochemistry and geophysics fieldwork from the priority target areas on the Ouassada and Sankarani exploration permits on its Sikasso Property in Southern Mali.
Highlights
● Several discrete highly anomalous gold samples identified at Ouassada target area 3 (TA3)
o Anomalies correlate with margins of a late granodiorite intrusion, and a shear zone within the intrusion
● A five-line, 18-km-long, induced polarization (IP) study has been completed over the principal target zone (target area 1/TA1) on Ouassada to aid in identifying drilling targets in the principal exploration area
● An expedited 95-hole deep soil auger drilling program has been completed over the high-priority Sodala shallow soil gold anomaly on the Sankarani permit

Compass CEO, Larry Phillips, commented, “Work on our southern Malian property is progressing despite the heavy rains in the region, and we are very pleased with both the results and the progress we are making. These results are invaluable in helping us to refine our next exploration efforts. While TA1 at Ouassada is currently our principle target on the permit – where we have identified a broad zone of gold anomalism over a distance of 12 km located 4 km to the west of TA 3 – we are awaiting the assay results from several other areas on our property. At the same time, we are reviewing the results of our recently completed IP study over TA1, which will aid in determining our bedrock drilling targets there. ”

“We have also completed our deep soil auger drilling at the new Sodala anomaly on our Sankarani permit, where shallow soil sampling identified a 2 km-wide area with soil samples containing up to 31.1 g/t gold. We expect that within a few weeks we will have all of the data and results to formulate a deep drilling plan for Ouassada and Sankarani that will include multiple priority targets. Pending results on Kalé may add to the deep drilling target priorities before the end of the rainy season.”

Compass Technical Director, Dr. Sandy Archibald, added, “I am pleased with the exploration progress on our property. Our geological knowledge of the five permits continues to grow daily as we received the results from our field surveys, and our technical team looks forward to using the data to define our Q4 deeper drilling targets. We expect shallow soil gold assay results from our Kalé, Kourou, and Tiélouoléna permits shortly, which we hope will lead to more exploration activity in addition to our planned work on the preliminary drilling targets we’ve identified so far at Ouassada and Sankarani.”

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GEOPHYSICAL SURVEY AND INFILLED AUGER DRILLING INITIATED ON MALIAN PERMITS

Toronto, Ontario, June 25, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on exploration programs on the their Ouassada and Sankarani exploration permits in Southern Mali.
Highlights
● Fieldwork on five induced polarization (IP) survey lines, totaling 18 kilometers, has started to cover the deep auger soil sampling anomalies previously identified on the Ouassada permit
● A deep auger soil sampling program has been initiated over the Sodala shallow soil anomaly (2 km x 5 km) on the Sankarani permit
● 7,521 shallow soil samples from priority areas at Kalé, Kourou, Tiélouléna, and infill areas at Sankarani are at the assay laboratory
● Deep drilling targeting studies are ongoing, which will be finalized when the IP and auger drilling programs are completed in July

Compass CEO, Larry Phillips, commented, “We are pushing to complete our exploration work on our Sikasso property area prior to the rainy season. The deep soil auger drilling program at Sodala will aid our understanding of this exciting new gold target and provide valuable information about the extent of the near surface mineralization. We will use the information gathered from this near surface work as well as the current IP survey on Ouassada to help refine our initial bedrock targets, which we plan to begin drilling in October. The drilling will help determine the nature, grade and extent of the gold mineralization in the bedrock.

We are also eagerly anticipating the results from our shallow soil sample programs from Kalé, Kourou and Tiélouléna, as these relatively underexplored permits contain numerous geophysical and structural targets identified from recent studies.”

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SOIL GEOCHEMICAL SURVEY IDENTIFIES INTENSE GOLD ANOMALIES COINCIDENT WITH CRUSTAL-SCALE FAULTS ON SANKARANI PERMIT

Toronto, Ontario, May 31, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the now completed shallow soil geochemical survey program over the Sankarani exploration permit on its Sikasso Property in Southern Mali.

Highlights

  • Four discrete gold anomalies were identified along strike lengths up to 3 km and widths up to 1 km
  • Highest soil sample contained 31.30 parts per million (ppm) or 31.3 grams per tonne (g/t) gold (Au) over previously undocumented artisanal workings north of Sodala.
  • Five additional soil samples contained more than 1 g/t Au, these included 15.30, 10.10, 2.49, 1.24, and 1.15 g/t
  • A total of 1,715 shallow soil samples were collected on the Sankarani permit, where the average gold background for shallow soil samples was 8 parts per billion (ppb).
  • Mineralization is coincident with deep linear structures, interpreted as faults, from the recently completed remote sensing study

Compass CEO, Larry Phillips, commented, “This is the first time that the whole of the Sankarani permit has been covered by a shallow soil sampling program, and although we expected elevated gold concentrations, these assay results are quite remarkable.  What makes them even more exciting is the fact that all four of the main anomalous zones correspond to deeper targets identified by our recently completed remote sensing study. This certainly augurs well for the previously identified targets on our other Sikasso permits.”

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