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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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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