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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