WARRANT EXERCISE ADDS $830,000 TO TREASURY FOR ONGOING EXPLORATION AT SIKASSO GOLD PROPERTIES IN SOUTHERN MALI

Toronto, Ontario, May 16, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to announce that its Warrant Holders have exercised approximately 2.3 million warrants from the November 2017 private placement (see News Release dated November 29, 2017), for gross proceeds to the Company of $830,000. These funds will be used to supplement the Company’s existing treasury for the ongoing exploration of its Sikasso gold properties located in the prolific greenstone belts of southern Mali.

Commenting on the exercise of the warrants, Company President and CEO, Larry Phillips, said, “The exercise of these warrants shows the confidence of our Warrant Holders in the Company and their interest in the exciting results achieved over the first four months of this year. The $830,000, when added to the existing $4 million exploration budget for 2018, gives the Company the financial strength to fund aggressive exploration at Sikasso through to the end of the year and beyond.”

All of the 2,000,000 warrants that expired on May 4, 2018 were exercised at a price of $0.35, along with the 84,000 broker warrants, for total proceeds of $750,000. A further 228,571 warrants expiring on May 15, 2018 were exercised at $0.35 for total proceeds of $80,000. The exercise of these warrants brought Compass’s total number of shares outstanding to 29,738,522.

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COMPASS GOLD: AUGER DRILLING CONFIRMS PRESENCE OF STRONG SUBSURFACE GOLD ANOMALISM AT AN AVERAGE DEPTH OF 13 M OVER 12 KM AT OUASSADA

Toronto, Ontario, May 7, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the previously announced (see Compass news release dated April 3, 2018) ongoing deep soil auger geochemical survey program at the Ouassada exploration permit on its Sikasso Property in Southern Mali.
Highlights
● Deep soil auger sampling has identified a broad 1.5 km wide long and 12 km long zone of anomalous gold at an average depth of 13 m beneath and coincident with the previously reported shallow soil sampling areas. This anomaly, which closely correlates with the bedrock geology, remains open to the north.
● Gold concentrations up to 2,600 parts per billion (ppb) gold (Au) (2.6 grams per tonne (g/t) Au) occur at the artisanal workings at Farabakoura, and up to 722 ppb Au located 500 m southeast of the workings at Kabangoué North. Highest gold concentrations are not restricted to areas of known workings.
● Close correlation of anomalous zones with shallow soil geochemistry and a mapped fault bounded Birimian volcanoclastic unit.
● A total of 1,786 3-m composite deep soil auger samples from 11,556 m of drilling were analyzed over target area 1.

Compass CEO, Larry Phillips, commented, “The initial results from the soil auger sampling program at Ouassada are highly encouraging, particularly as they demonstrate strong gold anomalism closer to the bedrock. They closely follow the known geological structures and lithologies for at least 12 km and correlate well with the previously reported shallow soil results. We continue to be very pleased with both the rate at which our field team has advanced our exploration program and especially the results we’re seeing in an area where several gold companies are now in production or are developing significant gold deposits.”

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President’s Letter to Shareholders

Yesterday we released our latest exploration results from our Sikasso Property in Southern Mali. (The full press release can be found here: http://compassgoldcorp.com/geochemical‐survey‐identifies‐four‐additional‐strong‐shallow‐gold‐anomalies/ )

The work by our exploration team over these past three months has been outstanding. Through extensive soil sampling, they have already identified at least nine large, near-surface gold anomalies ranging in length from 2km to 12 km. It is remarkable that every target zone we have worked on so far has produced significant anomalies.

Our team has also completed more than 27,000 metres of auger drilling below the 12km long anomaly at Ouassada. We expect to receive the assays from that drilling, which reaches to depths of 20 metres, later this month. We are very interested to see those results as they will guide our plans for deeper bedrock drilling starting about mid-year.

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GEOCHEMICAL SURVEY IDENTIFIES FOUR ADDITIONAL STRONG SHALLOW GOLD ANOMALIES

Toronto, Ontario, April 3, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the previously announced (see Compass news release dated Feb. 28, 2018) ongoing shallow soil geochemical survey program at the Ouassada exploration permit on its Sikasso Property in Southern Mali.

Highlights

  • Four additional parallel, northwest-trending gold anomalies have now been identified over strike lengths up to 12 km and widths up to 2 km (see Figure below), bringing the total to nine.
  • Highest soil samples contain 3,800 parts per billion (ppb) gold (Au) (3.8 grams per tonne (g/t) Au) 550 m north of artisanal workings at Farabakoura. Highest gold concentrations are not restricted to areas of known workings.
  • In this latest round of work, a total of 1,139 shallow soil samples were collected on the Ouassada permit where the average gold background for shallow soil samples was 5 ppb.
  • Deep soil auger sampling at Ouassada is now 90% complete, and the shallow soil sampling is currently taking place on the Sankarani permit with 88% of the samples collected.
  • High-resolution Airborne geophysical interpretation, and structural and hyperspectral remote sensing (satellite) studies have been initiated.

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GEOCHEMICAL SURVEY ON FIRST SIKASSO TARGET IDENTIFIES TWO STRONG SHALLOW GOLD ANOMALIES

Toronto, Ontario, February 28, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide an update on the shallow soil geochemical survey program on the primary target within the Ouassada exploration permit on its Sikasso Property in Southern Mali (see Figure 1).

Highlights
● Two parallel, northwest-trending gold anomalies identified over strike lengths up to 12 km and widths up to 1 km (see Figure 2).
● Highest soil samples contain 3,800 parts per billion (ppb) gold (Au) (3.8 grams per tonne (g/t) Au) 550 m north of artisanal workings at Farabrakoura, and 1,200 ppb Au from a surface nodular iron oxide 350 m west of the workings at Farabrakoura. Highest gold concentrations are associated with areas near current artisanal gold workings, although anomalous samples are not restricted to known workings.
● A total of 2,342 shallow geochemical samples were collected over the main target area on the Ouassada permit where the average gold background for shallow soil samples was 5 ppb and 8 ppb for nodular iron oxide samples.
● Deep soil auger sampling continues on the primary target area while the near surface geochemistry teams move to the next target areas on the Ouassada and Sankarani permits.

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Compass Gold Update: Sikasso Exploration Program In Southern Mali

Toronto, Ontario, January 15, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to provide a one-month update on its previously announced  gold exploration program on its Sikasso Properties in Southern Mali (see Compass news release dated Dec. 18, 2017).

Dr. Madani Diallo, Compass’s Exploration Manager, and his team of four local geologists, initiated a new exploration program in early December 2017. They are examining the first priority anomaly target identified on the Ouassada property, part of the Yanfolila permit block in the northwestern portion of Compass’s property area (see map below). This is the first of 35 near-surface gold targets the Company plans to examine on its properties during 2018.

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Compass Gold Announces Grant of Options

Toronto, Ontario, January 12, 2018 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) announces that a total of 2,145,000 options to purchase common shares of the Company were granted to various directors and officers of the Company on December 31, 2017 at a price of $0.50 per share for a period of five years. These options were part of the options set aside as noted in the Company’s Notice and Information Circular for its Annual and Special General Meeting held on November 16, 2017. The grant is subject to regulatory approval.

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President’s Letter to Shareholders

As your new President and CEO of Compass Gold Corp., I would first like to thank the many individuals who have made this exciting “relaunch” of our company possible. The strong support of our shareholders, the sound guidance of our advisors and the diligent efforts of our management team and directors have all combined to bring us to where we are today; ready to return to Mali and roll out an aggressive gold exploration program on our highly prospective Sikasso properties.

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COMPASS GOLD ANNOUNCES MANAGEMENT AND BOARD APPOINTMENTS

Exploration Program Initiated in Mali

Toronto, Ontario, December 18, 2017 – Compass Gold Corp. (TSX-V:CVB) (Compass or the Company) is pleased to announce the formal appointment of three new members to the executive management team.

As previously announced by the Company on November 29, 2017, Larry Phillips has been appointed President and Chief Executive Officer. At a meeting of the Board of Directors on December 12th, the Directors appointed Louis Nagy as the Company’s Chief Financial Officer and Corporate Secretary, replacing Lara Iacusso and Danica Topolewski. The Directors also appointed Sandy Archibald, PhD, PGeo, as Technical Director and Greg Taylor as Director, Investor Relations and Corporate Communications. Further information about the management team is set out below.

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COMPASS GOLD COMPLETES SHARE EXCHANGE TRANSACTION TO ACQUIRE SIKASSO GOLD PROPERTY IN SOUTHERN MALI

CLOSES $6 MILLION NON-BROKERED PRIVATE PLACEMENT TO FUND EXPLORATION PROGRAM

Vancouver, BC and Sydney, Australia, November 29, 2017 – Compass Gold Corp. (NEX:CVB.H) (Compass or the Company) is pleased to announce the completion of the previously announced acquisition (see Compass news release dated Aug. 23, 2017) of all of the issued and outstanding shares of Mali Gold Exploration Pty Ltd (MGE) (Acquisition), concurrent with a one-for- five share consolidation (Consolidation) and non-brokered private placement of $6,000,000 (Private Placement) (together the Transaction). The Company’s common shares will commence trading on the TSX Venture Exchange (the TSXV or the Exchange) as a Tier 2 issuer under the symbol “CVB”, on a post consolidation basis on November 30, 2017.

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