Compass GOLD Announces Grant of Options

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 Annua l and

Special General Meeting held on November 16, 2017. The grant is subject to regulatory

approval.

About Compass Gold Corp.

Compass, a public company having been continued into Ontario, is a Tier 2 issuer on the TSX-V.

Through the recent 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 1 ,179 sq.

km. The Sikasso Property is located in the same region as several multi -million ounce gold

projects, including Morila, Syama, Kalana and Kodieran. The Company’s Mali -based technical

team, led in the field by Exploration Manager Dr. Madani Diallo and under the supervision of

Dr. Sandy Archibald , P.Geo, has initiated a new exploration program. Th ey are examining the

first of at least 35 anomalies noted for further investigation in Dr. Archibald’s August 2017

“National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali.

Forward‐Looking Information

This news release contains "forward‐looking information" within the meaning of applicable securities

laws, including statements regarding the Company’s planned exploration work and management

appointments. Readers are cautioned not to place undue reliance on forward‐looking information. Actual

results and developments may differ materially from those contemplated by such information. The

statements in this news release are made as of the date hereof. The Company undertakes no obligation

to update forward‐looking information except as required by applicable law.

For further information please contact:

Compass Gold Corporation Compass Gold Corporation

Larry Phillips – Pres. & CEO Greg Taylor – Dir. Investor Relations &

Corporate Communications

[email protected] [email protected]

T: +1 416-648-4767 T: +1 416-605-5120

Website: www.compassgoldcorp.com

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TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.