Compass Gold Corporation announced a non-brokered private placement basis, approximately 14,300,000 common shares of the Company , at a price of CAD 0.07 per share, for aggregate gross proceeds of CAD 1,001,000 on November 18, 2022. Based on market conditions, the Offering may be increased by approximately 7,170,000 Common Shares, for additional gross proceeds of up to CAD 5,00,000, and resulting in aggregate gross proceeds pursuant to the Offering of up to CAD 1,501,000. The transaction is expected to close on December 15, 2022.

All securities issuable pursuant to the Offering will be subject to a hold period expiring four months and one day after the date of issuance.