Compass Gold Corp. Exploration Update and Grant of New License

Compass Gold Corporation (TSXV:CVB) updates regarding its exploration activities in Mali, West Africa, relating to four exploration gold research licenses held by Africa Mining SARL.

The press release is quoted as saying:

The Phase II Exploration program has three main objectives: To bring the Solona and Yanfolila gold anomalies on the Yanfolila license to a drilling stage and commence an initial 5,600m reverse circulation (“RC”) drill program, to conduct detailed work on the other discovered gold anomalies on the Yanfolila license to bring them to a drilling stage toward the end of 2011, to conduct regional and semi-regional work on the Kolondieba and Dandoko licenses in order to define targets that can be drilled in 2011. The anticipated total cost of this Phase II exploration program is C$1,500,000. Initial drilling is expected to commence in March 2011.

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