CVB Compass Gold Corporation

Compass Gold Corporation (TSX VENTURE:CVB), which is focused on gold exploration
on four properties in Mali, Africa's third largest gold producer, today
announced that it has retained Wertheim + Company Inc. (WCI) to assist the
company in developing and carrying out an active investor and corporate public
relations program.


"Compass Gold has been making encouraging progress in our exploration programs
on our properties in Mali," said James Henderson, Chairman, President, and Chief
Executive Officer. "As we continue to make progress, including the announcement
of further results from our drilling program, we believe that the growth and
profile of our company will benefit from working with an experienced investor
and public relations company to help us in taking our story to investors." 


Under the terms of the engagement agreement, Compass will pay Wertheim + Company
(WCI) a monthly fee of C$4,000 plus disbursements for an initial nine-month
period that is subject to cancellation or modification following 30-day notice
in writing by either party. The engagement agreement with WCI is subject to
regulatory approval. 


Toronto-based Wertheim + Company (WCI), established in 1990, is led by
communications industry veteran Richard (Dick) W. Wertheim with four decades of
experience in investor and public relations. Mr. Wertheim is a recipient of
Investor Relations magazine's Lifetime Achievement Award, recognizing him as "an
individual who has made a truly exceptional contribution to investor relations
in Canada." WCI works with a spectrum of large-, mid-, and small-cap public
companies in various sectors. WCI is able to execute communications programs
across North America, Europe, Latin America, and Asia.


"We are very pleased to have been chosen to work with Compass Gold Corporation
at this exciting point in its development," said Mr. Wertheim. "Compass Gold has
an experienced and proven executive team, including the leader of its
exploration program, Dr. Madani Diallo, who has a history of discovering large
gold deposits in Mali and West Africa. The company has successfully attracted
institutional financing and has made solid progress in its exploration program.
As Compass Gold continues to make progress, we look forward to assisting the
company in raising its profile with investors in Canada and internationally."


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. 


Forward-Looking Information 

This news release may include forward-looking statements including forecasts,
estimates, expectations, and objectives for future operations that are subject
to a number of assumptions, risks, and uncertainties, many of which are beyond
the control of Compass Gold Corporation. Such statements are based on current
expectations, are subject to a number of uncertainties and risks, and actual
results may differ materially from those contained in such statements. It should
be noted that there remain significant political risks in Mali associated with
the recent military coup and the transitional government that remain a concern
until democratic elections have been held. There can be no guarantee that the
agreement for transitional government will remain in effect and democratic
elections will take place as and when expected. Although to date there has been
no impact on Compass' operations, there are no guarantees that Compass's
operations in Mali will not be impact as a result of these governmental issues.
Investors are cautioned that any such statements are not guarantees of future
performance and that actual results or developments may differ materially from
those projected in the forward-looking statements. Such forward-looking
information represents management's best judgment based on information currently
available. No forward-looking statement can be guaranteed and actual future
results may vary materially. Risks and uncertainties about Compass Gold's
business are more fully discussed in the company's disclosure materials,
including its annual information form and MD&A, filed with the securities
regulatory authorities in Canada and available at www.sedar.com and readers are
urged to read these materials. Compass Gold Corporation does not assume the
obligation to update any forward-looking statement, except as required by
applicable law.


COMPASS GOLD CORPORATION 

James Henderson, President

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