Compass Gold to Pursue Listing on Australian Stock Exchange

    




 VANCOUVER, Aug. 24, 2012 /CNW/ - Compass Gold Corporation , which is focused on gold exploration in Mali, today  announced its intention to pursue a listing of its securities on the  Australian Stock Exchange (ASX). 

 The company is at the early stages of this process and intends to work  towards an application to the ASX later this year. Compass has  appointed GMP Securities as lead manager and corporate advisor to the  listing process. 

 "We believe pursuing an ASX listing will enable the company to access  favorable capital markets in Australia, where there is a great  understanding of the value of West African assets," said James  Henderson, Chairman, President, and Chief Executive Officer. 

 Compass does not make any representation regarding the ability of the  company to meet the ASX listing requirements or the possible success of  the application process, or that the company will in fact apply for a  listing on the ASX. 

 About Compass Gold Corporation 

 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 SARL, owns a 100% interest in four gold  exploration permits (Yanfolila, Dandoko, Kolondieba, and Solabougouda)  as well as holding applications over a further four areas, Mousala,  Sirakourou, Yanfolila East, and Kolondieba Nord) covering an aggregate  of 1,138 sq kms 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. Statements regarding future fund raising and capital  expenditures are subject to all of the risks and uncertainties normally  incident with the raising of capital including, but are not limited to,  financing risks, inflation and costs of goods and services. 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 news  release. 

 COMPASS GOLD CORPORATION 

 "James Henderson" 

 James Henderson, President 

Compass Gold Corporation


CONTACT:  James HendersonPresidentCompass Gold CorporationEmail: [e-mail][phone]Investor and Media RelationsRichard W. WertheimWertheim + Company Inc.Email: [e-mail][phone]+1 [phone] (cell) 


    

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