Compass GOLD Corporation Closes Shares FOR Debt

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

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

NEWS RELEASE

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION

IN THE UNITED STATES

COMPASS GOLD CORPORATION CLOSES SHARES FOR DEBT

Vancouver, British Columbia, May 16, 2017 – Compass Gold Corporation (TSXV: CVB) (the

“Company”) is pleased to report that it has receive d TSX Venture Exchange approval for and closed

its previously announced shares for debt transaction.

The Company issued a total of 1,904,761 units, at a deemed price of $0.0525 per unit (“Units”), to

satisfy debt in the amount of $100,000. Each Unit is comprised of one common share of the

Company and one transferable common share purchase warrant. Each warrant entitles the holder

to purchase one additional common share of the Comp any at a price of $0.07 per share until May

15, 2018.

All securities issued or issuable under the shares for debt will be subject to a four month and a day

hold period in Canada expiring on September 16, 201 7, in addition to such other restrictions as may

apply under applicable securities laws of jurisdictions outside of Canada.

In addition, the Company also announces the resigna tion of Darren Devine as the Corporate

Secretary of the Company and the appointment of Dan ica Topolewski as its new Corporate

Secretary.

ON BEHALF OF THE BOARD OF COMPASS GOLD CORPORATION

“James Henderson”

James Henderson, Chairman

Neither TSX Venture Exchange nor its Regulation Services 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]

+1 (604) 638-8063