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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DRILLING PLANNED TO COMMENCE IN EARLY NOVEMBER TO TEST FIRST OF 14 IDENTIFIED BEDROCK TARGETS

Toronto, Ontario, July 31, 2018 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the current geochemistry and geophysics surveys, and the planned Q4 work program on the Sikasso Property in Southern Mali.

Highlights

  • Completion of phase 1 exploration on Ouassada permit, and review of results has identified 14 targets over a distance of 12 km that warrant bedrock drilling
  • Proposed phase 2 drilling will target near-surface bedrock gold mineralization
  • Four zones containing active artisanal mining are considered priority areas; will involve six fences of drilling totaling approximately 3,500 m
  • The average length of the 14 drilling targets is 1.2 km; the longest zone is 2.45 km
  • Targets based on shallow and deep (auger) soil gold anomalism; induced polarization (IP) conductors; geological mapping; and, interpretation of high-resolution airborne magnetic geophysics

Compass CEO, Larry Phillips, commented, “This represents an exciting new chapter for the Company, as it will be the first bedrock drilling program ever executed on our 1,179 sq. km Sikasso property. We’ve achieved this pending milestone through the dedicated work of our technical team, led by Dr. Madani Diallo, which has complied the results of extensive exploration geochemistry and geophysics work to identify these first 14 bedrock drilling targets.  While we had already planned and budgeted to examine the first two targets in this second phase, we have identified still more priority targets. Now, with the additional funds raised in May, we are looking to expand our bedrock drilling to test four priority target zones in areas of current artisanal mining activity. We hope that drilling will begin in early-November when ground conditions are suitable.”

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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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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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GEOCHEMICAL SURVEY IDENTIFIES FOUR ADDITIONAL STRONG SHALLOW GOLD ANOMALIES

Toronto, Ontario, April 3, 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 Feb. 28, 2018) ongoing shallow soil geochemical survey program at the Ouassada exploration permit on its Sikasso Property in Southern Mali.

Highlights

  • Four additional parallel, northwest-trending gold anomalies have now been identified over strike lengths up to 12 km and widths up to 2 km (see Figure below), bringing the total to nine.
  • 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 Farabakoura. Highest gold concentrations are not restricted to areas of known workings.
  • In this latest round of work, a total of 1,139 shallow soil samples were collected on the Ouassada permit where the average gold background for shallow soil samples was 5 ppb.
  • Deep soil auger sampling at Ouassada is now 90% complete, and the shallow soil sampling is currently taking place on the Sankarani permit with 88% of the samples collected.
  • High-resolution Airborne geophysical interpretation, and structural and hyperspectral remote sensing (satellite) studies have been initiated.

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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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