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Compass Gold Grants Stock Options to New Director
Vancouver, B.C. Canada, May 15, 2012 – Compass Gold Corporation (TSXV: CVB) today announced the grant of stock options to recently appointed non-executive director Larry Phillips to purchase up to 300,000 common shares. Each option is exercisable to acquire one common share of Compass at a price of $0.12 per common share until May 14, 2017, in accordance with the terms of Compass’ stock option plan.
About Compass
Compass Gold Corporation, a Tier 2 mining issuer listed on the TSX Venture Exchange, is focused on gold exploration in Mali, Africa's third largest producer of gold. Compass, through its wholly-owned subsidiary Africa Mining, owns four gold exploration permits (Yanfolila, Dandoko, Kolondieba and Solabougouda) and holds applications for a further four areas (Moussala, Sirakourou, Yanfolila East, and Kolondieba Nord) covering a total of 1,138 sq km's in key gold-producing regions in south west Mali, West Africa. Further information is available at www.compassgoldcorp.com.
COMPASS GOLD CORPORATION
James Henderson, President
For further information:
James Henderson
President
Compass Gold Corporation
Email: info@compassgoldcorp.com
www.compassgoldcorp.com
Phone: +1 (604) 638-8067
Investor and Media Relations
Richard W. Wertheim
Wertheim + Company Inc.
Email: wertheim@wertheim.ca
Phone: +1 (416) 594-1600
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