Dr. Kah Meng Lim reports

COMPASS VENTURE ANNOUNCES RESULTS OF 2024 ANNUAL GENERAL MEETING

All matters submitted to shareholders for approval as set out in detail in Compass Venture Inc.'s management information circular dated May 13, 2024, were approved at the annual general meeting of the shareholders of the company held on June 26, 2024. At the meeting, Manning Elliott LLP was appointed as the auditor of the company and the incumbent members of the board of directors, being Dr. Kah Meng Lim, Joshua Siow and Patricia Chow, were elected.

In addition, ordinary resolutions of the shareholders were also passed at the meeting to: (i) approve the amendments of the company's stock option plan in order to comply with the new policies of the TSX Venture Exchange; and (ii) approve the adoption of an RSU (restricted share unit) plan.

Please refer to the circular for further details with respect to the amendments of the company's stock option plan.

About Compass Venture Inc.

The company is a capital pool company pursuant to Policy 2.4 of the exchange. Except as specifically contemplated in such policy, until the completion of its qualifying transaction, the company will not carry on business, other than the identification and evaluation of companies, businesses or assets with a view to completing a proposed qualifying transaction. Investors are cautioned that trading in the securities of a capital pool company is considered highly speculative.