Mr. Larry Phillips reports

COMPASS GOLD ANNOUNCES PRIVATE PLACEMENT OF UNITS FOR GROSS PROCEEDS OF UP TO $5 MILLION

Compass Gold Corp. has entered into a letter agreement pursuant to which Canaccord Genuity Corp. has agreed to act as sole agent and bookrunner, in connection with a best effort private placement of a minimum of 21,052,630 and up to a maximum of 26,315,800 units of the company at a price of 19 cents per unit for gross proceeds of between approximately $4-million and $5-million.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share of the company at a price of 25 cents at any time on or before that date which is three years following the closing date (as herein defined).

The net proceeds from the sale of units will be used for the evaluation and establishment of a gold processing facility at the company's Massala prospect, drilling, completion of a metallurgical study, bulk sampling, and general corporate purposes and working capital as set out in the offering document.

In addition, the company has granted the agent an option, exercisable in full or in part up to 48 hours prior to the closing date, to sell up to an additional 3,947,370 units at the offering price of 19 cents per unit, for additional gross proceeds of up to approximately $750,000.

The offering is expected to close on or about Feb. 12, 2026, or such other date as the company and the agent may agree, and is subject to certain conditions, including, but not limited to, the execution of a definitive agency agreement between the company and the agent, and the receipt of all necessary regulatory and other approvals, including the conditional approval of the TSX Venture Exchange.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions), the units will be offered for sale to purchasers resident in Canada and/or other jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended and supplemented by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption). The units issued to subscribers in the offering will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

About Compass Gold Corp.

Compass, a public company incorporated in Ontario, is a Tier 2 issuer on the TSX-V. Through the 2017 acquisition of MGE and Malian subsidiaries, Compass holds gold exploration permits located in Mali that comprise the Sikasso property. The exploration permits are located in three sites in southern Mali with a combined landholding of 900 square kilometres. The Sikasso property is located in the same region as several multimillion-ounce gold projects, including Morila, Syama, Kalana and Komana. The company's Mali-based technical team, led in the field by Dr. Madani Diallo and under the supervision of Dr. Sandy Archibald, PGeo, is conducting the current exploration program. They are examining numerous anomalies first noted in Dr. Archibald's August, 2017, "National Instrument 43-101 Technical Report on the Sikasso Property, Southern Mali."

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