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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INDEPENDENT GEOPHYSICAL AND REMOTE SENSING STUDIES IDENTIFY 56 DISCRETE SUB-SURFACE EXPLORATION TARGETS

Toronto, Ontario, May 28, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the results of recent independent geophysical, remote sensing, and structural studies conducted on the five permits that comprise the Sikasso Property in Southern Mali.

Highlights

  • A total of 56 discrete sub-surface exploration targets were identified on the Sikasso Property, many of which are identical to the 35 near-surface targets previously reported in the *NI 43-101 technical report
  • Three primary targets on Ouassada correspond with a 12-km long and 1-km wide zone of anomalous gold identified by shallow soil and deep auger drilling. The largest target identified through these recent studies covered an area of 12 sq. km.
  • 10 target areas are identified on the Ouassada permit, 12 on Sankarani, 13 on Kourou, 11 on Tiélouléna, and 10 on Kalé.
  • Reinterpretation of the historic and recent airborne geophysics defined numerous regional and local scale faults, and discrete lithological boundaries related to radiometric results
  • A Sentinel-2 multispectral study identified hydrothermal iron oxide and clay alteration associated with faults and margins of intrusions, and which are commonly associated with mineralizing fluids in ore systems
  • Satellite and geophysical lineament analysis was performed, which complemented the results of the initial geophysical study

(*August 2017 “National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali,” by Dr. Sandy Archibald, P.Geo.)

Compass CEO, Larry Phillips, commented, “I’m extremely pleased with these results, not only because they support our current exploration plan, but because they provide further guidance for prioritizing our drilling program in Q3 when we plan to begin drilling deeper and into the bedrock. The independent studies also reflect the Company’s commitment to technical excellence in exploration on the Sikasso Project.”

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WARRANT EXERCISE ADDS $830,000 TO TREASURY FOR ONGOING EXPLORATION AT SIKASSO GOLD PROPERTIES IN SOUTHERN MALI

Toronto, Ontario, May 16, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to announce that its Warrant Holders have exercised approximately 2.3 million warrants from the November 2017 private placement (see News Release dated November 29, 2017), for gross proceeds to the Company of $830,000. These funds will be used to supplement the Company’s existing treasury for the ongoing exploration of its Sikasso gold properties located in the prolific greenstone belts of southern Mali.

Commenting on the exercise of the warrants, Company President and CEO, Larry Phillips, said, “The exercise of these warrants shows the confidence of our Warrant Holders in the Company and their interest in the exciting results achieved over the first four months of this year. The $830,000, when added to the existing $4 million exploration budget for 2018, gives the Company the financial strength to fund aggressive exploration at Sikasso through to the end of the year and beyond.”

All of the 2,000,000 warrants that expired on May 4, 2018 were exercised at a price of $0.35, along with the 84,000 broker warrants, for total proceeds of $750,000. A further 228,571 warrants expiring on May 15, 2018 were exercised at $0.35 for total proceeds of $80,000. The exercise of these warrants brought Compass’s total number of shares outstanding to 29,738,522.

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COMPASS GOLD: AUGER DRILLING CONFIRMS PRESENCE OF STRONG SUBSURFACE GOLD ANOMALISM AT AN AVERAGE DEPTH OF 13 M OVER 12 KM AT OUASSADA

Toronto, Ontario, May 7, 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 April 3, 2018) ongoing deep soil auger geochemical survey program at the Ouassada exploration permit on its Sikasso Property in Southern Mali.
Highlights
● Deep soil auger sampling has identified a broad 1.5 km wide long and 12 km long zone of anomalous gold at an average depth of 13 m beneath and coincident with the previously reported shallow soil sampling areas. This anomaly, which closely correlates with the bedrock geology, remains open to the north.
● Gold concentrations up to 2,600 parts per billion (ppb) gold (Au) (2.6 grams per tonne (g/t) Au) occur at the artisanal workings at Farabakoura, and up to 722 ppb Au located 500 m southeast of the workings at Kabangoué North. Highest gold concentrations are not restricted to areas of known workings.
● Close correlation of anomalous zones with shallow soil geochemistry and a mapped fault bounded Birimian volcanoclastic unit.
● A total of 1,786 3-m composite deep soil auger samples from 11,556 m of drilling were analyzed over target area 1.

Compass CEO, Larry Phillips, commented, “The initial results from the soil auger sampling program at Ouassada are highly encouraging, particularly as they demonstrate strong gold anomalism closer to the bedrock. They closely follow the known geological structures and lithologies for at least 12 km and correlate well with the previously reported shallow soil results. We continue to be very pleased with both the rate at which our field team has advanced our exploration program and especially the results we’re seeing in an area where several gold companies are now in production or are developing significant gold deposits.”

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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.

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GEOCHEMICAL SURVEY ON FIRST SIKASSO TARGET IDENTIFIES TWO STRONG SHALLOW GOLD ANOMALIES

Toronto, Ontario, February 28, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the shallow soil geochemical survey program on the primary target within the Ouassada exploration permit on its Sikasso Property in Southern Mali (see Figure 1).

Highlights
● Two parallel, northwest-trending gold anomalies identified over strike lengths up to 12 km and widths up to 1 km (see Figure 2).
● 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 Farabrakoura, and 1,200 ppb Au from a surface nodular iron oxide 350 m west of the workings at Farabrakoura. Highest gold concentrations are associated with areas near current artisanal gold workings, although anomalous samples are not restricted to known workings.
● A total of 2,342 shallow geochemical samples were collected over the main target area on the Ouassada permit where the average gold background for shallow soil samples was 5 ppb and 8 ppb for nodular iron oxide samples.
● Deep soil auger sampling continues on the primary target area while the near surface geochemistry teams move to the next target areas on the Ouassada and Sankarani permits.

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Compass Gold Update: Sikasso Exploration Program In Southern Mali

Toronto, Ontario, January 15, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide a one-month update on its previously announced  gold exploration program on its Sikasso Properties in Southern Mali (see Compass news release dated Dec. 18, 2017).

Dr. Madani Diallo, Compass’s Exploration Manager, and his team of four local geologists, initiated a new exploration program in early December 2017. They are examining the first priority anomaly target identified on the Ouassada property, part of the Yanfolila permit block in the northwestern portion of Compass’s property area (see map below). This is the first of 35 near-surface gold targets the Company plans to examine on its properties during 2018.

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Compass Gold Announces Grant of Options

Toronto, Ontario, January 12, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) announces that a total of 2,145,000 options to purchase common shares of the Company were granted to various directors and officers of the Company on December 31, 2017 at a price of $0.50 per share for a period of five years. These options were part of the options set aside as noted in the Company’s Notice and Information Circular for its Annual and Special General Meeting held on November 16, 2017. The grant is subject to regulatory approval.

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