Compass GOLD Announces Private Placement

Suite 1430 - 800 West Pender Street Vancouver, BC, CANADA

Tel. +1 (604) 638 8063 Fax +1 (604) 648 8105 [email protected]

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. N EWSWIRE SERVICES FOR

DISSEMINATION IN THE UNITED STATES

COMPASS GOLD ANNOUNCES PRIVATE PLACEMENT

Vancouver, BC— February 17, 2017 Compass Gold Corporation (the “ Company ”)

(TSX-V: CVB.H) announces its intention to carry out a non-brokered private placement

of up to 10,000,000 Units at a price of $0.05 per U nit for gross proceeds to the

Company of up to $500,000 (the “Offering”).

Each Unit will consist of one common share and one common share purchase warrant

(a “Warrant”). Each Warrant will entitle the holde r to purchase one additional common

share for a period of twelve months at a price of $0.06 per common share.

The proceeds of the Offering will be used for general working capital purposes.

All securities issued under the Offering will be su bject to a four-month hold period in

accordance with applicable Canadian securities laws.

Closing of this Offering is subject to the receipt of all necessary regulatory approvals

including that of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF COMPASS GOLD CORPORATION

“James Henderson”

James Henderson, Chairman

Neither TSX Venture Exchange nor its Regulation Ser vices Provider (as that term is defined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

James Henderson

Email: [email protected]

Ph: +61 2 8823 3100