Compass Gold closes $700,000 private placement

Mr. Larry Phillips reports COMPASS GOLD CLOSES $700,000 PRIVATE PLACEMENT Compass Gold Corp. has issued, on a non-brokered private placement basis, 4,666,667 units of the company, at a price of 15 cents per unit, for aggregate gross proceeds of $700,000. Each unit consisted of one common share of the company and one-half of one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share at a price of 20 cents for a period of two years from the date of issuance. As a result of investor demand, the final gross proceeds of the offering exceeded the company's previously announced unit purchase commitments by $100,000 (see Compass's news release dated Sept. 16, 2025). The proceeds of the offering will be used to finance the continuing development and initial execution of the company's small mine strategy at Massala and for general corporate purposes. Additional details concerning the offering In connection with the offering, and subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation, the company paid finder's fees equal to 7.0 per cent of the gross proceeds received from the sale of certain units. In aggregate, the company paid $4,200 in cash and issued 121,333 common shares (at a deemed value of 15 cents per common share) as finders' fees pursuant to the offering. Insiders of the company purchased an aggregate of 273,335 units under the offering for total consideration of $41,000. Such participation is considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Participation by insiders in the offering was exempt from: (i) the valuation requirements of MI 61-101 by virtue of the exemption contained in Section 5.5(b) of MI 61-101 as the company is listed only on the TSX-V; and (ii) the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) of MI 61-101 as, at the time the offering was agreed to, neither the fair market value of the subject matter nor the fair market value of the consideration for the offering, insofar as it involved interested parties, exceeded 25 per cent of the market capitalization of the company. The company did not file a material change report related to the insider participation under the offering more than 21 days before closing. This was considered reasonable and necessary in the circumstances as the details of the offering (including insider participation) were only recently finalized and the company desired to complete the offering in an expeditious manner. All the securities issuable pursuant to the offering are subject to a hold period expiring four months and one day after the date of issuance. The offering remains subject to final acceptance by the TSX-V. About Compass Gold Corp. Compass, a public company incorporated in 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 four sites in southern Mali with a combined landholding of 1,173 square kilometres. The Sikasso property is located in the same region as several multimillion-ounce gold projects, including Morila, Syama, Kalana and Komana. The company's Mali-based technical team, led in the field by Dr. Madani Diallo and under the supervision of Dr. Sandy Archibald, PGeo, is conducting the current exploration program. It is examining numerous anomalies first noted in Dr. Archibald's August, 2017 "National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali." Qualified person This news release has been reviewed and approved by Dr. Sandy Archibald, EurGeol, PGeo, Compass's technical director, who is the qualified person for the technical information in this news release under NI 43-101 standards. We seek Safe Harbor.