COMPASS GOLD ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE SIKASSO GOLD PROPERTY IN MALI

Vancouver, BC and Sydney, Australia, August 23, 2017 – Further to the new release dated July 13, 2017 Compass Gold Corp. (NEX:CVB.H) (Compass or the Company) and Mali Gold Exploration Pty Ltd (MGE) are pleased to announce that they have entered into a binding share exchange agreement (the Agreement) dated August 23, 2017 (as signed by the two companies and MGE’s shareholders), whereby Compass will acquire all of the issued and outstanding shares of MGE (the MGE Shares) in exchange for the issuance of Post‐Consolidation Shares (as defined below) of Compass to the shareholders of MGE.   The acquisition of MGE (the Acquisition) will constitute a Reactivation and a Reverse Takeover of Compass as such terms are defined in the policies of the TSX Venture Exchange (TSXV or the Exchange).

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COMPASS GOLD SIGNS LETTER OF INTENT TO ACQUIRE SIKASSO GOLD ASSETS IN MALI

Vancouver, BC and Sydney, Australia, July 13, 2017 – Compass Gold Corp. (NEX:CVB.H) (“Compass” or the “Company”) and Mali Gold Exploration Pty Ltd (“MGE”) are pleased to announce that they have entered into a binding letter of intent (the “LetterAgreement“) dated July 13, 2017 (as signed by the two companies and MGE’s principal shareholders), setting out the terms and conditions for Compass to acquire all of the issued and outstanding shares of MGE (the “MGE Shares“) in exchange for the issuance of Post‐Consolidation Shares (as defined below) of Compass to the shareholders of MGE.

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COMPASS GOLD CORPORATION CLOSES NON-BROKERED PRIVATE PLACEMENT FOR $500,000

Compass Gold Corporation (TSXV: CVB) (the “Company”) is pleased to report that it has closed its previously announced non-brokered private placement.

The Company issued a total of 10,000,000 units at a price of $0.05 per unit (“Units”) for total gross proceeds of $500,000. Each Unit is comprised of one common share of the Company and one transferable common share purchase warrant.

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