COMPASS GOLD CORPORATION CLOSES NON-BROKERED PRIVATE PLACEMENT FOR $500,000

Compass Gold Corporation (TSXV: CVB) (the “Company”) is pleased to report that it has closed its previously announced non-brokered private placement.

The Company issued a total of 10,000,000 units at a price of $0.05 per unit (“Units”) for total gross proceeds of $500,000. Each Unit is comprised of one common share of the Company and one transferable common share purchase warrant.

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