Proactiveinvestors Australia

Compass Gold Corporation:

Mali, West Africa

The next generation West African Gold Story

Pursuing high quality gold deposits at Yanfolila and Dandoko

Building A Successful Gold Company in Mali

Compass Gold holds a 100% shareholding in Africa Mining. The key assets of Africa Mining comprise four exploration permits, : Yanfolila, Kolondieba, Dandoko, Solabougouda, one authorisation to explore (ATE):Moussala, and one application: Sirakourou.

The map above shows the relative position of the licenses. Dandoko and Moussala are located in Western Mali, in the "Kenieba-Koudougo Birimian window". The Yanfolila, Kolondieba, Solabougouda licenses and the Sirakourou application are located in Southern Mali. All 6 projects are on strike with World class gold deposits.

Yanfolila and Dandoko Exploration

Work completed on the Yanfolila license has identified 12 gold anomalies, with a 1,500m scout drilling program completed at the "Solona" target.
Initial results from the shallow vertical diamond drilling program at Solona have shown broad mineralization in 23 out of the first 30 holes including:

    - 1.31g/t over 18m; and
    - 1.59g/t over 13m

A diamond drilling program of 10 inclined shallow holes is currently underway to test mineralization from the surface to a 50m depth at the Solona target, with 9 holes already completed.  Assay results for the first 2 holes show gold mineralization from near surface to 50m including:

    - 9m @3g/t at a depth of between 18m-26m; and
    - 26m @ 7.17g/t (uncut) including a high value sample of 174g/t which an intersection would reduce to 26m @ 1.62g/t using a top cut of 30g/t

A 3,000m diamond core drilling program has commenced at the Solona target to test mineralization at 100m-150m depth.

Yanfolila is considered a principal property of Africa Mining and a 43-101 compliant report dated September 21, 2011 has been completed on this property ("Yanfolila 43-101 Report").

The 43-101 Report was prepared Richard Parker (MIMMM, FGS, C.Eng.) and Dr. Albert Wilkinson (MIMMM, FGS, C.Geol) from New Resources Management Services Ltd. A full copy of the report can be found here.

Four advanced gold anomalies,  Bembala, Diabarou, Disse and Gombaly have been identified on the Dandoko license as targets. These targets are drill-ready.

A 2,500m RC drill program is currently underway since January 2012, with 14 of 20 holes already completed.  First assay results were released in March 2012.

A 43-101 Report was also completed in respect of Dandoko.  This report is dated September 21, 2011 and prepared by Richard Parker (MIMMM, C.Eng.) from New Resource Management Services Ltd. ("Dandoko 43-101 Report"). A full copy of the report can be found here

Kolondieba - Solabougouda - Moussala - Sirakourou Exploration

A geochemical sampling and mapping is program underway on the Kolondieba and Solabougouda permits.
An early stage exploration program consisting of geochemical sampling, mapping and trenching has started on the Kolondieba and Solabougouda projects in Southern Mali. The airborne magnetic survey flown over the Solabougouda project has generated new targets which will be followed up from Q2 2012.

Africa Mining has applied to convert the Moussala permit from an "Authorization to explore", to a full "exploration research permit". We are excited about Moussala's location in Mali's Western gold belt and its close proximity to targets we have identified at the Dandoko project. Initial fieldwork is expected to begin in Q2 of 2012.

The Sirakourou project area is currently under application with initial fieldwork scheduled to commence after full granting of the exploration license.

The addition of the Solabougouda, Moussala and Sirakourou project areas to our portfolio in 2011 represent a great opportunity and potential for new gold discoveries.

Click each location name for more details:

Yanfolila

Dandoko

Kolondieba

Solabougouda

Moussala

James Henderson, CA, BComm
Chairman, President and Chief Executive Officer
Mr Henderson has specialized in the emerging company market for more than 25 years. His expertise is in the areas of corporate strategy and structure, capital raising and commercial negotiation. He is currently a Director of a number of companies including the following publicly listed companies: Actus Minerals (TSX company) and Oklo Uranium (ASX company).

Dr Madani Diallo, MSc (Geochemistry and Mineralology), PHD (Geochemistry)
Director
Dr. Diallo is Professional Geochemist with over 25 years of experience in mineral exploration in Africa. Dr. Diallo has held many senior roles including country manager, exploration manager, geochemist and project manager, having contributed to the discovery of several world-class gold mines in Mali, several deposits in Cote d'Ivoire, and numerous gold occurrences in Mali, Cote d'Ivoire, Burkina Faso and Ghana. Dr. Diallo is recognized as one of the founders of the mining industry in Mali and his achievements have been recognized in him being awarded the second highest distinction in Mali, being the "Chevalier de l'Ordre National ("Knight of the National Order").

Marshall Auerback, BA (English), MA (Jurisprudence)
Director
Mr Auerback is an independent businessman with extensive international experience as an emerging markets fund manager, having worked several years in Hong Kong, Tokyo, New York and London. More recently, he worked in the U.S. as a fund manager at Prudent Bear. Mr Marshall is an independent economics consultant for a variety of large funds, notably RAB Capital, Pinetree Capital Ltd. and PIMCO, a director of Pinetree Capital and a fellow at the Japan Policy Research Institute in California.

Malcolm Carson, B.Sc Geol. (Econs), M.Sc. (Resource Management)
Director
Mr. Carson is an Australian geologist and geoscientist and member of the Australian Institute of Mining and Metallurgy. Mr. Carson has worked as a consultant to the natural resources industry for over 30 years, most recently as the Managing Director of Mineral Resource Consultants in Australia.

Lara Iacusso, B.Bus (Acctg), CA, SnrF FINSIA
Director and Chief Financial Officer
Ms. Iacusso is a director of the Transocean Group, a Sydney, Australia based corporate finance and advisory group. Ms Iacusso has over 20 years experience in providing financial advisory services and prior to joining the Transocean Group was a corporate finance partner at Deloitte.

Darren Devine, BSc Ec, Dip LLB
Corporate Secretary
Mr. Devine is the principal of Chelmer Consulting Corp. that provides corporate finance advisory services to private and public companies. Mr. Devine is qualified as a barrister and solicitor in British Columbia and in England & Wales and has practiced exclusively in the areas of Corporate Finance and Securities law. Prior to founding Chelmer Consulting Corp. Mr. Devine practiced at the law firm DuMoulin Black LLP. Mr. Devine is a chairman of Centric Energy Inc. (TSXV: CTE), director and Executive Vice President of Petro Vista Energy Corp. (TSXV.PTV), director of Dejour Enterprises Ltd. (TSX.DEJ) as well as a board advisory to a number of private companies.

James Henderson

Madani Diallo

Regent Pacific Group Limited

Pinetree Capital Limited