Compass to Extend Warrant Expiry Date Options Granted

About this update from Compass Gold Corporation

[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 18, 2025) -  Compass Gold Corp. (TSXV: CVB) (Compass or the Company) announced today that it intends to extend the expiry date of an aggregate of 7,298,668 common share purchase warrants (the "Warrants") to December 31, 2026 (the "Warrant Extension"). All other terms of the Warrants, including the exercise price, will remain unchanged.","length":407,"tagName":"p"},{"type":"text","content":"The Warrants were originally issued pursuant to a private placement of units, each unit comprising one common share and one Warrant, which closed on June 3, 2022. Prior to this most recent Warrant Extension, the Warrants were set to expire December 31, 2025, which has now been extended to December 31, 2026. Each Warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.30.","length":415,"tagName":"p"},{"type":"text","content":"An aggregate of 1,233,334 Warrants are held by insiders of the Company. The extension of the Warrants, therefore, may constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the Warrants subject to the Warrant Extension does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.","length":664,"tagName":"p"},{"type":"text","content":"The Warrant Extension remains subject to final acceptance by the TSX Venture Exchange.","length":86,"tagName":"p"},{"type":"text","content":"Compass CEO Larry Phillips said, "We are implementing this warrant extension after what has become a two-year suspension of the Malian mining code, which has caused a deferral of the majority of the activities that were planned over the course of the original warrant term."","length":284,"tagName":"p"},{"type":"text","content":""Over the past several months, significant steps have been taken by the Company to prepare for the receipt of a Small Mine Permit for Massala. We believe that the granting of the final permit by the Minister of Mines is imminent. ...

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