COMPASS GOLD SIGNS LETTER OF INTENT TO ACQUIRE SIKASSO GOLD ASSETS IN MALI

Vancouver, BC and Sydney, Australia, 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 letter of intent (the “LetterAgreement“) dated July 13, 2017 (as signed by the two companies and MGE’s principal shareholders), setting out the terms and conditions for Compass to 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.

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