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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Compass Gold Provides Safety and Operations Update

Exploration Program Continuing

Toronto, Ontario, March 19, 2020 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) places the safety and wellbeing of its employees and contractors as its highest priority. In light of the global concern about coronavirus (“COVID-19”), the Company has implemented a detailed program of health and safety protocols to protect personnel while ensuring the safe operation of the Company.

In Mali, access to the Company’s Bamako office as well as to all areas in the field has been strictly controlled with health screening in place for visitors, employees, and contractors. Everyone entering the office is being registered, their temperature is taken, and they are using the hand sanitizers and handwashing facilities provided. While the relatively remote location of Compass’s field operations and the fact that the majority of those working there are from Mali and West Africa somewhat mitigates the risk of infection coming from outside the region, the same health and safety protocols have also been implemented in all field camp areas and throughout the Company’s Sikasso Property operations in southern Mali.

Dr. Madani Diallo, Compass’s Exploration Manager, and a non-executive director, said, “At this point, there have been no reported cases of coronavirus infection in Mali, but we are constantly monitoring the situation. I was working here during the brief Ebola outbreak six years ago, and the government has already applied the same measures on all points of entry to the country, which limited the spread of that disease, including medical screening and hand washing for everyone. As we know that the situation could change at any time, we remain vigilant, but we are confident that we are doing what is necessary to protect our people.”

Although no COVID-19 cases have yet been diagnosed in Mali, President Ibrahim Boubacar Keita, with the advice of the Superior Council of National Defense and their scientific and health advisors, has recently decided to close all schools, bars, and night clubs, as well as to restrict passenger flights from affected countries and to prohibit meetings of more than 50 people.

Compass’s North American management team, which has always tended to work remotely, continues to do so. Appropriate health and safety protocols are being applied in the rare event that visits to the Toronto office are necessary.

EXPLORATION PROGRAM CONTINUES

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Compass Gold Appoints Joe Conway as Chairman

James Henderson to Remain as Director

Toronto, Ontario, March 9, 2020 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to announce the appointment of Joe Conway as Chairman of the Board, effective March 10, 2020. His more than 30 years of mining and financial industry experience includes his tenure as President and CEO of IAMGOLD from 2003 to 2010.

This follows the resignation from the Chairman’s position of Mr. James Henderson who will remain on the Board as a non-executive Director.

Mr. Henderson said, “In view of increasing executive responsibilities in Australia with the Transocean Group, I am delighted to be able to pass the baton of Chair of the Compass Board to such an outstanding gold industry figure as Joe Conway. His network amongst North American investors will complement the increasing influence of North American shareholders in Compass Gold. I look forward to continuing as a non-executive Director on the Board and as a significant shareholder of Compass for the next phase of an exciting future.”

Mr. Conway has served as a non-executive Director with Compass since the Company’s acquisition of all of the issued and outstanding shares of Mali Gold Exploration Pty Ltd in November 2017.

Together with Dr. Madani Diallo, Mr. Henderson developed and executed a vision focusing Compass on the exceptional gold exploration potential of southern Mali. His efforts and commitment to this strategic direction have included both his strong personal investments in the Company, as well as his success in attracting the support of many of Compass’s current shareholder base.

“This seamless transition from one extremely well qualified and dedicated Board member to another clearly demonstrates both the unique strength of our entire leadership group and our shared dedication to focusing on the needs of our shareholders,” said Larry Phillips, Compass’s President and CEO. “We all thank Jamie for his efforts as Chairman, and look forward to benefitting from his continued support as our management and technical team work to ensure this company thrives and grows for the benefit of all of our stakeholders.”

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High-Grade Gold Intercepted at Boumban Central Prospect on the Farabakoura Trend, Including 4 M @ 14.93 G/T Au

Drilling to Begin on Four New Targets

Toronto, Ontario, February 24, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the latest exploration drilling at the Boumban South and Boumban Central prospects, located on the Company’s Sikasso Property in Southern Mali (Figure 1).

Highlights

  • Additional drilling at Boumban Central (3 RC holes, 640 m) identified high-grade gold mineralization adjacent to the Siekorole Fault and coincident with a strong shallow soil anomaly
  • Best interval was 1 m @ 50.56 grams per tonne (g/t) gold (Au), within 4 m @ 14.93 g/t Au (from 63 m)
  • Drilling at Boumban South (5 RC holes, 781 m) intersected several zones of mineralization, including 8 m @ 0.67 g/t Au (from 21 m)
  • A 2,000-m air core drill program has commenced on four target areas on the Sankarani and Kourou permits

Compass CEO, Larry Phillips, said, “As drilling is about to start on our high-priority targets at Sankarani and Kourou, we continue to receive encouraging results on our Farabakoura Trend prospects.  Based on the early-December drill results from Boumban Central, we drilled three additional holes to extend one of our fences.  This led to the discovery of a high-grade gold intercept, which supports our interpretation that the Siekeroli Fault is a controlling feature in the permit area.

Our aim continues to be the drill testing of the principal targets along the length of the 15 km long Farabakoura Trend, where we continue to find pockets of strong gold mineralization. We have several more untested targets that need to be drilled.

I am also excited about the pending start of drilling on the Sankarani permit, located immediately to the east of our current drilling.  This will be the first ever drilling on this set of targets that lie on a 40-km-long north-northeast trend of artisanal gold workings and geochemical gold anomalism associated with a crustal-scale fault. We eagerly await the assay results of this promising area.”

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Drilling at Farabakoura and Kabangoué Supports Continuity of Gold-Bearing Structures

Preparing to Drill Four New Targets

Toronto, Ontario, February 17, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the latest exploration drilling at the Farabakoura and Kabangoué prospects, located on the Company’s Sikasso Property in Southern Mali (Figure 1).

Highlights

  • Drilling at Farabakoura (8 RC holes, 1,174 m) extended continuity of gold mineralization in east-west trending structures along strike and at depth
  • Best interval was 2 m @ 7.13 g/t Au, within 13 m @ 1.67 g/t Au (from 19 m)
  • Drilling at Kabangoué North (5 RC holes, 750 m) intersected several zones of mineralization, including 8 m @ 0.67 g/t Au (from 21 m)
  • Kabangoué South (3 RC holes, 450 m) intersected a narrow interval of gold mineralization (1 m @ 0.23 g/t Au, from 73 m) in an area of artisanal workings that contained grab samples assaying 25.4 g/t Au
  • Immediately commencing 2,000 m air core drill program on four new geochemical targets with artisanal mining workings on the Sankarani and Kourou permits

Compass CEO, Larry Phillips, said, “We continue to intercept significant gold mineralization at Farabakoura, where we have drilled less than half of the area covered by artisanal gold workings. We are also advancing our understanding of the complex nature of gold mineralization there, and we are particularly encouraged by the evidence from our drilling that there have been multiple mineralization events on this prospect. Based on the technical data, we have identified nine more targets on the Farabakoura Trend, each and every one of which needs to be drill-tested.”

He added, “Our initial drilling at Kabangoué North also encountered promising gold mineralization associated with an area that has been worked by artisanal miners.  One-kilometre further south, at Kabangoue South, we are working to identify the bedrock source of gold-bearing quartz veins that contain up to 25.4 g/t Au recovered from the artisanal workings in 2012.”

Technical Director, Dr. Sandy Archibald noted, “Over the last 14-months we have accumulated a great deal of geological, geochemical and geophysical information on the numerous prospects along the 15-km long Farabakoura Trend.  While the drilling takes place on geochemical targets on three of Compass’s other permit areas, we will be appraising the extensive drilling data, conducting a comprehensive structural synthesis, and completing our outstanding geophysical surveys across Farabakoura in order to further understand how these multiple mineralized zones fit together.  This will help us to continue to effectively explore the Farabakoura Trend when we begin the next phase of drilling there in April.

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Latest Drilling in Southern Mali Intercepts More Gold Mineralization Along 15-Km Trend

Provides Key Geological and Structural Roadmap for the Next Stage of Drilling

Toronto, Ontario, January 14, 2020 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the latest exploration work at the Boumban Central and Farabakoura prospect areas, located on the Company’s Sikasso Property in Southern Mali (Figure 1).

Highlights

  • Drilling at Boumban Central (16 RC holes, 2,404 m) intersected gold mineralization in a similar geological environment to that encountered 5-km south at the Farabakoura artisanal workings
  • Best interval at Boumban Central was 3 m at 1.33 g/t Au, within 10 m @ 0.57 g/t Au (from 31m)
  • Exploration results show the geology of Compass’s Farabakoura Trend is similar to Hummingbird’s Komana East gold mine area, located 40 km to the east
  • Drilling at the Farabakoura artisanal workings intersected a NE-trending structure containing multiple (9) gold zones in one hole (OARC65 included 8 m at 1.17 g/t Au, (from 33 m), 4 m @ 0.81 g/t Au (from 61 m), and 3 m @ 1.54 g/t Au (from 73 m))

Compass CEO, Larry Phillips, said, “Based on these results, we believe the Compass team is onto a major gold-bearing trend, and we are excited to get on with the next stage of drilling.”

He added, “Last year, our exploration work indicated the presence of a structural trend, extending more than 11 km to the north of our Farabakoura mineralized zone. These first drill holes on just a small portion of the 4.3 km Boumban Central target were located roughly 5 km north of the Farabakoura zone.  The interpreted results suggest that the correct geology and structure for potentially hosting significant gold mineralization continues at least 5 km north along this major trend. The assay results on Boumban Central also show wide-spread, lower grade mineralization.

The additional drilling, 5 km to the south, within artisanal workings on the eastern side of the main Farabakoura Zone, also confirmed the presence of additional NE-trending mineralized structures within the overall NNW-trending Farabakoura Trend.  Assay results from this drilling showed that significant mineralization extends to the east of the main Farabakoura zone. What is most exciting is that we have already identified nine large target zones along the Farabakoura Trend, which have yet to be drilled. This latest geological and structural information confirming the location of the Siekorole Shear Zone along our Farabakoura Trend will be invaluable in planning the next phase of drilling over the remainder of the 4.3 km strike length of the Boumban Central target zone, and across the other nine targets identified by our previous exploration work.”

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Compass Provides Update on Drilling at Sikasso Property in Southern Mali

Compass Issues Stock Options

Toronto, Ontario, December 17, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the latest round of exploration drilling on the Ouassada and Faraba-Coura permits, Sikasso Property in Southern Mali.

Highlights

  • First 16 holes completed for 2,404 metres examining three target structures
  • Samples from 16 holes sent for assaying – results pending
  • Drill program continuing

Compass CEO, Larry Phillips, said, “We are very pleased that we have been able to start  drilling after the rainy season a few weeks earlier than last year. We are on track to achieving our immediate goals of completing two full fences of drill holes and getting the samples into the lab before Christmas. Our objective is to complete 13,000 metres of RC drilling by the end of April next year. We will be announcing the results of this initial drilling in tranches as we continue, beginning early in the New Year.”

Dr. Madani Diallo, Compass’s Exploration Manager, added, “It is exciting to be able to return to drilling some of the numerous targets we have identified over the past two years. Our team is off to a good start with the drilling and the Capital Drilling team has maintained a healthy pace of one hole per day, demonstrating the importance of having an experienced team with quality equipment. We also welcome SEMAFO’s technical team, which has provided useful input in the positioning of the first drill lines.”

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