COMPASS GOLD: DRILLING INTERCEPTS BEDROCK GOLD ZONES 380 M APART UNDER ARTISANAL WORKINGS, OUASSADA Additional Work Planned to Determine Zone’s Full Extent

COMPASS GOLD: DRILLING INTERCEPTS BEDROCK GOLD ZONES

380 M APART UNDER ARTISANAL WORKINGS, OUASSADA

Additional Work Planned to Determine Zone’s Full Extent

Toronto, Ontario , March 5, 2019 – Compass Gold Corp. (TSX -V: CVB) (Compass or the

Company) is pleased to provide an update on the progress of the exploration drilling on the

Ouassada exploration permit on its Sikasso Property in Southern Mali.

Highlights

● Three new reverse circulation (RC) drill holes totalling 406 meters (m) were completed on

the Farabakoura artisanal workings

● Gold mineralization identified in all three holes

● Bedrock gold zones identified 380 m along strike from previous drilling

● Best intercept was 13 m @ 3. 40 grams per tonne (g/t) gold within a broad zone of gold

mineralization of consisting of 60 m @ 1.42 g/t Au

Compass CEO, Larry Phillips, said, “I am excited to report that our most recent drilling at the

Farabakoura artisanal gold workings has revealed a broad mineralized zone containing two

distinct zones in the northwest and three more along the targeted mineralized trend to the

southeast. As a result, we are planning more drilling to help determine the extents of continuity

and additional strike length of the system. Further, our current field geophysics program on the

Ouassada permit will help refine our bedrock drilling targets.”

Figure 1. Location of RC drill holes and traces (with gold assays projected to surface) at Farabakoura.

Significant broad gold intercepts with estimated true thickness have been labeled.

Farabakoura Drilling

The assay results received from these latest three RC holes (OURC009-011*) are in addition to the

results from the six RC drill holes, totaling 710 m, completed at the Farabakoura artisanal workings

in December ( see Figure 1 above and Compass news release dated January 10, 2019) . The

purpose of these three holes was to: test for the possible presence of additional gold mineralized

zones identified in drill hole OURC004 ; determine whether bedrock mineralization was present

along strike; and, ascertain the nature of the bedrock lithologies (rock types.)

OURC009 was drilled close to the collar point of OURC001. The hole was 130 m in length, and

was designed to intersect an area of extensive artisanal gold workings and determine if

mineralization formed a third zone parallel to mineralization noted in OURC004. The assay results

(Table 1) indicated that a broad mineralized zone was encountered (13m @ 1.16 g/t Au from

40m), which contained two discrete zones of higher -grade mineralization. This zone appears to

correlate with the second zone present in OURC004 and is the focus of the artisanal activity noted

in the northeast corner of the pit ( Figure 1). Mineralization was present at the contact between

granodiorite and a thin (9 m) interval of metagreywacke/metavolcaniclastic. A deeper third zone

was not identified prior to the hole terminating at 130 m.

Table 1. Significant drill intersections for this latest RC drilling program at Farabakoura

1 Compass believes that the mineralized widths stated approximate true thickness due to the angles observed in the

drill core.

Drill hole OURC010 was located 310 m to the southeast of OURC009, and was designed to test

mineralization beneath an area of active artisanal workings. The hole was drilled to a depth of

135 m from surface, and was planned to intersect possible extensions of mineralization seen at

the main workings at Farabakoura pit. Gold mineralization was confined to the granodiorite near

the contact with the metagr eywacke. Only two noteworthy intervals were recorded within this

10 m low-grade (0.33 g/t Au) zone: 3 m@ 0.62 g/t Au (from 58 m) and 1 m@ 1.14 g/t Au (from

67 m).

The final RC hole, OURC011, was drilled 70 m to the southeast of OURC010 beneath a flooded

(and abandoned) artisanal pit, and represents the most southernly known mineralization that

makes up the shallow Farabakoura workings. It was drilled to a depth of 141 m from surface .

Assaying revealed an exceptionally wide intercept of gold mineralization (60 m @ 1.42 g/t Au from

41 m), which constrained four discrete zones of gold mineralizat ion. These zones were: 3 m @

7.92 g/t Au from 42 m; 7 m @ 2.90 g/t Au from 47 m; 2 m @ 1.95 g/t from 74 m; and 15 m @

2.14 g/t Au from 86 m. The highest gold grades, and longest intercepts, corresponded to

metasedimentary rocks at or near the contact with the granodiorite.

In summary, this latest drilling at Farabakoura indicates that the gold mineralization is associated

with a series of NW -trending igneous intrusions into the metasedimentary country rock, which

have subsequently been cut by mineralized faults. Mineralization has been traced over a distance

of 380 m and include relatively broad (up to 60 m), thick mineralized zones containing narrower

higher-grade gold zones. Based on the presence of artisanal mine workings in the area, it is likely

that additional mineralization will be discovered along strike by drilling.

Next Steps:

The Company is awaiting the assay result from the single diamond hole (see Compass news release

dated February 14, 2019) at Farabakoura. The assay and geological information from this hole

will be integrated with the RC drilling data and results from the detailed ground geophysical

survey outlined below. Based on this synthesis, Compass will identify areas where addition infill

drilling could take place to determine the extent of mineralization at Farabakoura. Additional

drilling will also take place on the remaining targets on the Ouassada and Faraba-Coura permits.

Hole ID From (m) To (m) 1Width (m) Gold (g/t)

OURC009 40 53 13 1.16

Including 40 43 3 3.86

Including 49 53 4 0.63

OURC010 58 68 10 0.33

Including 58 61 3 0.62

Including 67 68 1 1.14

OURC011 4 13 9 0.8

Including 4 7 3 0.75

Including 11 13 2 2.27

OURC011 41 101 60 1.42

Including 41 54 13 3.40

[Including 42 45 3 7.76]

[Including 47 52 5 3.91]

Including 74 76 2 1.95

Including 86 101 15 2.14

Ouassada IP and Magnetic Survey

The p reviously reported ground geophysical surveys are now underway near the Farabakoura

workings on Ouassada, with the first results expected shortly . The induced polarization (IP)

ground survey consists of 60-line -kms on the 19 targets identified on the Ouassada and Faraba-

Coura permits. The survey is expected to take approximately six weeks.

About Compass Gold Corp.

Compass, a public company having been incorporated 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 854 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 first of numerous anomalies noted for further

investigation in Dr. Archibald’s August 2017 * “National Instrument 43-101 Technical Report on

the Sikasso Property, Southern Mali.”

QAQC

All RC samples were collected following industry best practices, and an appropriate number and

type of certified reference materials (standards) , blanks and duplicates were inserted to ensure

an effective QAQC program was carried out. The samples were prepared and analyzed at SGS

SARL (Bamako, Mali) by fire assay analysis. All standard and blank results were reviewed to ensure

no failures were detected.

*The three holes reported here were all drilled in an east-northeastly direction (at 050° or 060°),

at dips of 60°. This direction and dip was determined to intersect the mineralized structures and

to provide the best estimate of their true thicknesses. All holes were logged and sampled using

industry best practices prior to the samples being dispatched to the assay lab with the appropriate

number of standards, blanks and duplicates.

Qualified Person

This news release has been reviewed and approved by Dr. Sandy Archibald, P.Geo, Compass’s

Technical Director, who is the Qualified Person for the technical information in this news release

under National Instrument 43-101 standards.

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 rel iance 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 forw ard‐

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: +1 416-596-0996 X 302 T: +1 416-596-0996 X 301

Website: www.compassgoldcorp.com

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