Compass Gold Corporation Intersects New High-Grade Gold Veins at Farabakoura Including 6.1 M @ 65.6 G/T

Toronto, Ontario, September 5, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) announces results from the recently completed diamond core drilling program at the Farabakoura artisanal workings on the Ouassada permit, Sikasso Property in southern Mali.

Highlights

Diamond drilling at Farabakoura intercepts high-grade gold mineralization in bedrock, including:

  • 6.1 m @ 65.6 grams per tonne (g/t) gold (Au) from 19.5 m (OUDD004)
  • 13 m @ 9.25 g/t Au from 21.1 m (OUDD006)
  • 7.0 m @ 1.45 g/t Au from 76 m (OUDD008)
  • 7.1 m @ 2.13 g/t Au from 68.9 m (OUDD007)
  • All seven diamond drill holes (total 995 m) intersected significant gold mineralization within a 200 m section of the 750 m long Farabakoura high-grade zone
  • Follow-up drilling in Q4 will test open areas and extent of gold rich zone

Compass CEO, Larry Phillips, said, “The conclusion of this season’s drilling at Farabakoura has returned some spectacular high-grade gold intercepts over an extensive area, as well as valuable new structural and geologic data that continues to excite our team. In addition to finding such strong gold values, this work has revealed new structures with significant potential that we will begin drilling in Q4 once the rainy season ends.”

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Discrete Gold Soil Anomalies Delineated Along Strike from Farabakoura Workings

Toronto, Ontario, August 26, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on exploration activity on the Faraba-Coura permit, Sikasso Property in Southern Mali.

Highlights

  • Three discrete gold zones (up to 1 km) identified over a distance of 4.8 km from a shallow soil survey, and 2 km along strike from Farabakoura gold workings
  • Anomalies are coincident with crustal-scale faults cutting intrusions
  • Results reinforce anomalies previously identified through wide-spaced, deep soil auger sampling
  • Data review suggests a similar style of gold mineralization found at Farabakoura might also be present in newly tested area (Boumban)

Compass CEO, Larry Phillips, said, “While drilling progressed at Farabakoura, our field teams continued exploring other target areas on our adjacent Faraba-Coura permit. Combining the results of this latest work with our previous findings, we now have three robust targets for the next phase of bedrock drilling, which we intend to initiate later this year. While our primary focus remains on the gold workings Farabakoura and Kabangoué, it is also important to note that these promising target areas represent only a small fraction of our prospective total land holdings.”

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RC Drilling Confirms East-West Structures at Farabakoura

Toronto, Ontario, August 19, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the remaining RC exploration drilling at the Farabakoura artisanal workings on the Ouassada permit, Sikasso Property in Southern Mali.

Highlights

  • Assay results from the final 11 reverse circulation (RC) drill holes (totalling 1,522 m) from the Farabakoura artisanal workings
  • Drilling primarily conducted to test east-west trending vein structures and provide geological information
  • Best interval: 8 m @ 1.20 grams per tonne (g/t) gold (Au) from 24 m (OURC040)
  • All fieldwork has now ceased on the property due to the start of the rainy season

Compass CEO, Larry Phillips, said, “These final RC drilling results at Farabakoura have confirmed that gold is present in east-west trending veins associated with late faulting, and previous drilling indicates the best mineralization is located at the contact between intrusive rocks and the surrounding country rock along a northwest-southeast trend. Meanwhile, we eagerly await the assay results of our recent diamond drilling on the Creek Zone to add to our understanding of this already extensive mineralized zone. We look forward to fully utilizing all of the data we’ve gathered over the last nine months during our next phase of drilling, scheduled to begin in November.”

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RC Drilling Intercepts 7 M @ 15.58 G/T Gold at Farabakoura

Gold Mineralization Extends over 770 M

Toronto, Ontario, July 29, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the ongoing exploration drilling at the Farabakoura artisanal workings on the Ouassada permit, Sikasso Property in Southern Mali.

Highlights

  • Latest reverse circulation (RC) (23 RC drill holes, totalling 3,339 m) and diamond drilling program completed at Farabakoura artisanal workings
  • Best interval: 7 m @ 15.38 grams per tonne (g/t) gold (Au) from 111 m (OURC030), including 1 m @ 60.56 g/t Au
  • Intercepted gold mineralization in nine holes, increasing the known strike length of the mineralized system to 770 m
  • 995 m diamond drilling program completed at Farabakoura designed to test depth continuity of the mineralized system

Compass CEO, Larry Phillips, said, “Our final RC drilling program for the season has successfully extended our primary target zone, defining gold mineralization over 770 m from the Farabakoura Pit Structure to the Creek Zone. Our understanding of this somewhat complex mineralized system increases with each hole drilled. With the pending results of the just completed diamond drilling program, we will be able to develop a more complete understanding of the structures, geology and style of mineralization in the system. These results will be used to supplement the extensive work we have conducted over the past 18 months in preparation for launching the next drill program in November, following the rainy season.”

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Compass Gold Adds Diamond Drilling to Ongoing Exploration Program on Farabakoura Artisanal Workings

Toronto, Ontario, July 10, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) announces that it has added a new diamond drill program at the Farabakoura artisanal workings on the Ouassada exploration permit on its Sikasso Property in Southern Mali.

Highlights

  • Completed the first of seven diamond drill holes, totalling 1,000 m at the Creek Zone, Farabakoura
  • Diamond holes are to test extensive and high-grade gold mineralization at depth and rock types previously identified during reverse circulation (RC) drilling.
  • RC drill testing of 300 m long south-east extension of the Farabakoura Pit Structure, which is a further extension of the 500 m mineralized zone that has already been identified through drilling
  • 2,000 m of the previously announced (see Compass release dated June 12) 3,000 m RC drilling has been completed on the Farabakoura workings and new areas

Compass CEO, Larry Phillips, commented, “The RC program at Farabakoura is advancing well, where we are concentrating on a geophysical target 300 m along strike from successful drilling in April 2019. The RC team is now moving back to the main Farabakoura workings to test bedrock targets coincident with gold-rich quartz veins currently being mined by artisanal workers. Now, we are starting a seven-hole, 1000 m, diamond drilling program at Farabakoura. This drilling will provide additional information on the geology, and the continuity in terms of gold grade and width along the mineralized structure, which has been revealed over at least 500 m so far. We are very pleased to report that the drill contractor has added a second crew so that they can work in two shifts a day, reflecting the urgency of getting this 4,000 m of drilling included in these two programs completed before the rainy season arrives in full force near the end of July.”

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Investor Conference Call & Review

Toronto, Ontario, June 21, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to announce that it will host a conference call at noon (Toronto time) on Tuesday, June 25th, to provide a review of the Company’s recent activities, as well as its plans for further exploration at the Ouassada exploration permit on its Sikasso Property in Southern Mali.

Before the call, investors are invited to review the Company’s latest news releases (http://compassgoldcorp.com/category/news/) as well as its Investor Presentation (http://compassgoldcorp.com/investor-presentation/

Compass CEO, Larry Phillips, said, “We are very excited about the results we’re continuing to receive from the field, and about the ongoing exploration work we are conducting now as we approach the rainy season in Mali near the end of the month. As we prepare for our Annual General Meeting later on Tuesday, we want to take this opportunity to provide investors with an exploration update, and to introduce our Chairman, Jamie Henderson, and our Exploration Manager, Dr. Madani Diallo, both of whom will be joining the rest of our management team on this call. We hope that you will either join us on this call or go to our website afterward to review the replay of this call.”

The call is scheduled for Tuesday, June 25th, at 12:00 pm/noon Eastern time, and is to be recorded and available for later playback. Replay details will be available on Compass’s website following the call.

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Compass Gold Launches Latest Drill Program on Farabakoura Artisanal Workings

Toronto, Ontario, June 12, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) announces that it has started its follow-up drill program at the Farabakoura artisanal workings on the Ouassada exploration permit on its Sikasso Property in Southern Mali.

Highlights

  • Initiated first of at least 20 reverse-circulation (RC) drill holes, totalling 3,000 m at Farabakoura
  • Testing several structures based on known gold mineralization, favourable geology and geophysical interpretation of ground magnetic data
  • Testing of Farabakoura Pit Structure onto the Kabangoué prospect to extend mineralized zone to 700 m
  • Completed high-resolution ground magnetic survey on the Sodala prospect in the Sankarani permit and surface sampling at Yanfolila South artisanal pits

Compass CEO, Larry Phillips, commented, “This next 3,000 m RC program at Farabakoura will be building on our previously successful drilling results as well as our geophysical surveys over this area of intense artisanal gold mining. Our near term objective is to increase the strike length of known drilled mineralization, and to delineate the extent of bedrock gold mineralization identified in the near-surface from numerous artisanal gold-bearing veins. At the same time, our technical team has completed a high-resolution ground magnetic survey on two prospects on our Sankarani permit area and we’re awaiting assay results from the surface samples they’ve collected from the Yanfolila South artisanal pits. We are looking to complete as much of this work as possible before the rainy season begins at the end of the month.”

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Compass Gold Announces Grant Of Options

Toronto, Ontario, May 22, 2019 – Compass Gold Corporation (TSX-V: CVB) (Compass or the Company) announced today that the Board of Directors has approved the issuance of 775,000 options to officers, employees and consultants of the Company. Each option is exercisable into one common share of the Company (each, a “Common Share”) at an exercise price of $0.30 per Common Share and having a term of five years.

The total number of outstanding options under the Company’s plan, including the grant above, is now 2,800,000 options or approximately 7.2% of the outstanding Common Shares. The Stock Option Plan allows for up to 10% of the outstanding Common Shares to be reserved for stock options.

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DRILLING AT FARABAKOURA INTERSECTS 32 M @ 3.02 G/T GOLD

Mineralized System Extended to 500 m; Remains Open Along Strike

Toronto, Ontario, May 15, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the recently completed exploration drilling at the Farabakoura artisanal workings on the Ouassada permit, Sikasso Property in Southern Mali.

Highlights

  • Completed 13 reverse circulation (RC) drill holes at Farabakoura artisanal workings, totalling 1,928 m
  • Intercepted gold mineralization in three holes, increasing the known strike length of the mineralized system to 500 m, which remains open along strike
  • Visible gold noted in RC chips (OURC017)
  • Best interval: 32 m @ 3.02 grams per tonne (g/t) gold (Au) from 24 m, including 6 m @ 10.21 g/t Au
  • 3,000 m drilling program is planned at Farabakoura to test additional targets

Compass CEO, Larry Phillips, said, “This latest drilling has extended our primary target zone, the Farabakoura Pit Zone, to a length of over 500 m, and the structure remains open to the southeast. We now have a clearer understanding of the rock types and structures that are the main controls on mineralization. We will use this information to drill additional targets underlying the extensive Farabakoura artisanal workings. A 3,000 metre drill program with our strategic partner, Capital Drilling, will commence immediately.”

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DRILLING COMPLETED AT FARABAKOURA – Additional Work Underway in Preparation for More Drilling

Toronto, Ontario, May 8, 2019 – Compass Gold Corp. (TSX-V: CVB) (Compass or the Company) is pleased to provide an update on the results of their ongoing exploration activity on their Yanfolila North and Yanfolila South blocks, comprising parts of the Sikasso Property in Southern Mali.

Highlights

  • Completed 13 reverse circulation (RC) drill holes at Farabakoura artisanal workings, totalling 1,928 m
  • Completed a detailed 3-sq.-km ground magnetic survey over the Kabangoué workings
  • Ongoing 60 km of ground induced polarization (IP) examination at Ouassada and Faraba-Koura
  • Identifying new drilling targets based on latest drilling and geophysical results 

Compass CEO, Larry Phillips, said, “We have completed our latest round of drilling at Farabakoura, which has advanced our knowledge of this target area.  Assays are pending for the last four of the thirteen holes drilled, and we expect to be able to release them within the next ten days.  In the meantime, our technical team has been busy performing a number of geophysical and geochemical surveys.  The results of all of this work will be used to finalize our next drilling program on the Ouassada and Faraba-Coura permits, which we expect to begin before the end of this month.”

Reverse Circulation Drilling (Farabakoura)

As previously announced (see Compass news release dated March 28, 2019), the Company planned to conduct approximately 1,000 m of additional drilling at the extensive Farabakoura artisanal site.  The focus of this additional drilling was to test two parallel NW-trending structures, termed the Farabakoura Pit Structure, and the Kabangoué Structure, and the general east-west trending structure termed the Farabakoura East Structure.  Drilling targets were based on the interpretation of geophysical survey data and previous drilling results.  The Company was able to extend this program to include a total of 13 new RC holes for a total length of 1,928 m.  The final drill hole, OURC025, was completed on May 3.  Results will be announced once the final assays are received from the laboratory and they pass appropriate industry QAQC protocols.

Ground Magnetic Study (Kabangoué)

A detailed ground magnetic survey, covering an area of 3 sq. km and centred on the Kabangoué artisanal workings, was completed on May 6, 2019.  The north-south orientated grid is at a line-spacing of 50 m and will provide resolution to help plan the next phase of drilling at the artisanal workings.  The field work was performed by technicians from EurekaGeo, a mineral exploration consultancy based in Bamako, Mali.  This magnetic survey data will be interpreted by Jeremy S. Brett, M.Sc., P.Geo. (MPH Consulting Limited, Toronto), in consultation with Compass staff.

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