Compass Gold Commences Shallow Drill Program at Massala

Executive Summary

• Compass Gold has commenced a 1,300‑metre, 41‑hole shallow diamond drilling program at the Massala prospect to support definition of an initial mineral resource.
• A comprehensive metallurgical testing programme is underway with Blue Coast Research; results are expected by end‑April 2026.
• The company continues discussions on mine‑site facilities and is awaiting issuance of a Small Mine Permit from Malian authorities.

Key Details

• Drilling Program – Phase 1: 41 inclined holes, total 1,300 m (average depth 32 m), started 30 Mar 2026; performed by Technisol with QA/QC controls (blanks, duplicates, standards).
• Phase 2 Planned: Additional 900 m infill program to bring total drill length to ~2,200 m for resource definition.
• Budget: Phase 1 €310k (≈ C$500k); Phase 2 €220k (≈ C$354k).
• Target Zone: 340‑metre section of the 15‑km Tarabala Trend; collar spacing 10 m, intended drill hole spacing reduction from 30 m to 15 m.
• Historical Intercepts Referenced: 24 m @ 2.35 g/t Au (SAAC123), 21 m @ 0.86 g/t Au (SAAC189); trench results up to 4.13 g/t Au over 20 m.
• Metallurgical Testing: Three samples (total 100 kg) sent to Blue Coast Research for extended gravity recoverable gold and cyanide leaching; results due end‑April 2026.
• Bulk Sampling: Extensive bulk sampling completed at two facilities; final data expected within ten days of release.
• Facility Design Discussions: Ongoing talks with three parties on design, fabrication, commissioning of processing facilities for Massala; further reporting anticipated before end‑April 2026.
• Small Mine Permit: Application submitted first week Nov 2025; no definitive timeline for approval; company maintaining regular contact with Malian Mining Ministry.
• Future Updates: Company expects to provide drilling results and resource calculation progress within 60 days of this release.

Notable Quotes

“I’m delighted to announce that we have commenced the latest field program at Massala… The work consists of an initial 41‑hole, 1,300‑metre shallow, tightly spaced, diamond drilling program intended to support the definition of an initial mineral resource.” – Larry Phillips, CEO

Materiality Assessment: Non-Material – Neutral (operational update without disclosed financial impact or definitive resource estimate).