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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