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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 2, 2010) -Compass Gold Corporation (TSX VENTURE:CVB) ("Compass" or the "Corporation") announces that Africa Mining SARL has received, from the Government of Mali, West Africa, final permitting of its Dandoko gold exploration project located in south-western Mali.

Dandoko Project

The Dandoko project covers 134 sq km in western Mali, in the "Kenieba-Kedougou window" of Birrimian rocks, endowed with numerous multi-million ounce gold deposits in West Africa. The Dandoko license lies in the same geological trend as Anglogold-Ashanti Limited and Iamgold Corporation's Sadiola and Yatela gold mines and is located just 60 km south of the Randgold Resources Limited's Loulo gold mine and 40 km south of Avion Gold Corporation's Tabakoto-Segala mine.

The permit includes the following minimum work commitments: US$160,000 - year 1, US$410,000 - year 2 and US$670,000 - year 3. The work program for Year 1 includes geological/regolith mapping and geochemical soil and termite mould sampling. Fieldwork will start in November 2010, after the rainy season, with geological/regolith mapping and soil geochemistry in order to outline targets for trenching by June 2010. There are 2 small artisanal mining sites within the license: Dandoko Hill and Diabarou. These sites will be the first areas to be surveyed by mapping and geochemistry.

Work Program – Update

Since February 2010, Compass has been completing an initial exploration program on Africa Mining SARL's Yanfolila project as part of its option to acquire an indirect 51% working interest in Africa Mining SARL's three gold permits in Mali. As at the date of this release a detailed regional mapping program has been completed. Additionally, a total of 4946 soil samples and 242 pit samples have been collected to assess the extent of a known mineralized zone in the Solona and Yanfolia gold showing areas of the Yanfolila project, aimed at extending a known gold mineralized zone with a strike length of 300 m's to 900 m's. All samples are being assayed at the ALS Chemex laboratory in Bamako, Mali. Compass expects to be able to announce results in September, allowing for follow-up trenching to take place in October 2010.

Further information on the Yanfolila project can be obtained from the an independent technical report entitled "A Technical Review of the Yanfolila Gold Concession, Mali, West Africa" prepared by Paul Dunbar P.Geo of Watt, Griffiths & McOuat Limited dated January 15, 2010, under Compass's profile at [ www.sedar.com ].

About Compass Gold Corporation

Compass Gold Corporation is a Tier 2 mining issuer listed on the TSX Venture Exchange and focused on gold exploration in Mali, Africa's 3rd largest producer of gold. Compass holds an exclusive option to acquire an indirect 51% working interest in three gold exploration permits (Yanfolila, Dandoko and Kolondieba) covering 634 sq km's (156,664 acres) in key producing regions of south west Mali, West Africa.

COMPASS GOLD CORPORATION

"James Henderson"

James Henderson, President

This press release includes "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. Statements regarding operational expectations are subject to all of the risks and uncertainties normally incident with the raising of undertaking mineral exploration in Africa, including but are not limited to technical operational and environmental risks associated with gold exploration and mining and geo-political risks associated with operating in a foreign jurisdiction. 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. Compass Gold Corporation does not assume the obligation to update any forward-looking statement, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.