COMPASS GOLD ANNOUNCES PRIVATE PLACEMENT

Vancouver, BC— February 17, 2017 Compass Gold Corporation (the “Company”) (TSX-V: CVB.H) announces its intention to carry out a non-brokered private placement of up to 10,000,000 Units at a price of $0.05 per Unit for gross proceeds to the Company of up to $500,000 (the “Offering”).

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