Exploration Update

Initial Drilling Completed at Tarabala; Ongoing at Samagouela Artisanal Workings - Seite 2

FIGURE 1 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1e4b8a9-7f4f-414e ...

On April 9, air core drilling started at the Samagouela target on the Kourou permit.  Originally, 800 m of drilling was planned.  However, based on the encouraging results of a recently completed 1,213 shallow soil samples (with the highest sample containing 4.03 g/t Au) the program was increased to 1,350 m.  The drilling comprises three lines over a distance of 1.6 km.  The northern line is composed of 14 holes centred on the main artisanal workings (Figure 2), with two 6-hole lines planned to the south at the contact of a speculated mineralized fault where it cuts a granitic intrusion.  Drilling is progressing well, with 6 holes remaining on the prospect.

FIGURE 2 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e7dec4b-0414-4730 ...

On completion of the drilling at Samagouela, the drill rig will move 30 km to the north to the Sodala prospect on the Sankarani East permit (Figure 1, insert map).  This drilling will comprise  7 holes (for a total length of 500 m) to target shallow soil geochemical anomalies and structures interpreted from ground geophysics and measured in the field during geological mapping.

COVID-19 Operational Update
Due to concerns about coronavirus (“COVID-19”), the Company continues to implement its previously announced (see Compass news release dated March 19) detailed program of health and safety field and office protocols to protect personnel during exploration activity in Mali.  Members of the office team are working from home and the field team continues to work in isolation.

Malian authorities moved quickly to shut down the country’s borders and implement regulations and procedures that have helped to mitigate the spread of the virus. Based on current testing, 148 cases have been reported to date in Mali. Compass is monitoring the situation in Mali daily and will adhere to all directives issued by the Ministry of Health.

About Compass Gold Corp.

Compass, a public company having been incorporated into Ontario, is a Tier 2 issuer on the TSX- V. Through the 2017 acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits located in Mali that comprise the Sikasso Property.   The exploration permits are located in three sites in southern Mali with a combined land holding of 867 km².   The Sikasso Property is located in the same region as several multi-million-ounce gold projects, including Morila, Syama, Kalana and Kodiéran.  The Company’s Mali-based technical team, led in the field by Dr. Madani Diallo and under the supervision of Dr. Sandy Archibald, P.Geo, is initiating a new exploration program. They are examining the numerous anomalies noted for further investigation in Dr. Archibald’s August 2017 “National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali.”