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Compass Appoints Stephen Eddy to Board of Directors

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Compass Gold Corp. (TSXV: CVB) has appointed Stephen Eddy to its Board of Directors as the company transitions from exploration to gold production in Mali. Eddy, a strategic financial executive with over 20 years of experience in the mining sector, previously served as Senior Vice President of Business Development at IAMGOLD.

During his tenure at IAMGOLD, Eddy led $900M in acquisitions and $2.4B in divestitures, including the $500M Niobec sale and a $195M strategic investment from Sumitomo. He is credited with the turnaround of the C么t茅 Gold project in Ontario and brings expertise in capital markets transactions, risk management, and corporate development.

Compass Gold Corp. (TSXV: CVB) ha nominato Stephen Eddy nel proprio Consiglio di Amministrazione mentre la societ脿 si prepara a passare dall鈥檈splorazione alla produzione aurifera in Mali. Eddy, dirigente finanziario strategico con oltre 20 anni di esperienza nel settore minerario, 猫 stato in precedenza Senior Vice President of Business Development presso IAMGOLD.

Durante il suo incarico in IAMGOLD, Eddy ha guidato acquisizioni per $900M e dismissioni per $2.4B, tra cui la cessione di Niobec per $500M e un investimento strategico di $195M da parte di Sumitomo. 脠 riconosciuto per la ristrutturazione del progetto C么t茅 Gold in Ontario e apporta competenze in operazioni sui mercati dei capitali, gestione dei rischi e sviluppo aziendale.

Compass Gold Corp. (TSXV: CVB) ha designado a Stephen Eddy para su Junta Directiva mientras la compa帽铆a avanza del esploraci贸n a la producci贸n de oro en Mal铆. Eddy, ejecutivo financiero estrat茅gico con m谩s de 20 a帽os de experiencia en el sector minero, fue anteriormente Senior Vice President of Business Development en IAMGOLD.

Durante su etapa en IAMGOLD, Eddy lider贸 adquisiciones por $900M y desinversiones por $2.4B, incluyendo la venta de Niobec por $500M y una inversi贸n estrat茅gica de $195M por parte de Sumitomo. Se le atribuye la recuperaci贸n del proyecto C么t茅 Gold en Ontario y aporta experiencia en transacciones en los mercados de capital, gesti贸n de riesgos y desarrollo corporativo.

Compass Gold Corp. (TSXV: CVB)電� 毵愲Μ鞐愳劀 韮愳偓 雼硠鞐愳劀 旮� 靸濎偘鞙茧 鞝勴櫂頃橂姅 瓿检爼鞐愳劀 Stephen Eddy毳� 鞚挫偓須� 鞚挫偓搿� 靹犾瀯頄堨姷雼堧嫟. Eddy電� 甏戩梾 攵勳暭鞐愳劀 20雲� 鞚挫儊鞚� 瓴诫牓鞚� 臧歆� 鞝勲灥鞝� 鞛 鞛勳洂鞙茧, 鞚挫爠鞐� IAMGOLD鞚� 靷梾臧滊皽 靾橃劃攵靷灔(Senior Vice President of Business Development)鞚� 鞐瀯頄堨姷雼堧嫟.

IAMGOLD 鞛 旮瓣皠 霃欖晥 Eddy電� $900M 攴滊鞚� 鞚胳垬鞕 $2.4B 攴滊鞚� 鞛愳偘 毵り皝鞚� 欤茧弰頄堨溂氅�, 鞐赴鞐愲姅 $500M 攴滊鞚� Niobec 毵り皝瓿� $195M鞚� Sumitomo搿滊秬韯办潣 鞝勲灥鞝� 韴瀽霃� 韽暔霅╇媹雼�. 攴鸽姅 鞓儉毽槫鞚� 旖旐厡 瓿摐(C么t茅 Gold) 頂勲鞝濏姼 鞛爼牍勲ゼ 鞚措亪 瓴冹溂搿� 韽夑皜霅橂┌ 鞛愲掣鞁滌灔 瓯半灅, 毽姢韥� 甏毽� 氚� 旮办梾 臧滊皽 攵勳暭鞚� 鞝勲靹膘潉 鞝滉车頃╇媹雼�.

Compass Gold Corp. (TSXV: CVB) a nomm茅 Stephen Eddy au sein de son conseil d'administration alors que la soci茅t茅 passe de l'exploration 脿 la production aurif猫re au Mali. Eddy, cadre financier strat茅gique fort de plus de 20 ans d'exp茅rience dans le secteur minier, a pr茅c茅demment occup茅 le poste de Senior Vice President of Business Development chez IAMGOLD.

Pendant son mandat chez IAMGOLD, Eddy a pilot茅 des acquisitions pour $900M et des cessions pour $2.4B, y compris la vente de Niobec pour $500M et un investissement strat茅gique de $195M de la part de Sumitomo. Il est cr茅dit茅 de la remise en ordre du projet C么t茅 Gold en Ontario et apporte une expertise en op茅rations sur les march茅s de capitaux, gestion des risques et d茅veloppement d'entreprise.

Compass Gold Corp. (TSXV: CVB) hat Stephen Eddy in seinen Vorstand berufen, w盲hrend das Unternehmen den 脺bergang von Exploration zur Goldproduktion in Mali vollzieht. Eddy ist ein strategischer Finanzmanager mit 眉ber 20 Jahren Erfahrung im Bergbausektor und war zuvor Senior Vice President of Business Development bei IAMGOLD.

W盲hrend seiner Zeit bei IAMGOLD leitete Eddy Akquisitionen in H枚he von $900M und Ver盲u脽erungen in H枚he von $2.4B, darunter der Verkauf von Niobec f眉r $500M und eine strategische Beteiligung von $195M durch Sumitomo. Er wird die Sanierung des C么t茅 Gold-Projekts in Ontario zugeschrieben und bringt Fachwissen in Kapitalmarkttransaktionen, Risikomanagement und Unternehmensentwicklung mit.

Positive
  • Appointment of highly experienced mining executive with proven track record in major transactions
  • Strategic move towards becoming a gold producer from exploration company
  • Addition of expertise in capital markets and risk management
  • Potential development of first small gold mine in Mali to generate cash flow
Negative
  • Company still in transition phase from explorer to producer
  • Cash flow generation remains a future prospect, not current reality

Toronto, Ontario--(Newsfile Corp. - September 8, 2025) - Compass Gold Corp. (TSXV: CVB) (Compass or the Company) is pleased to announce the appointment of Stephen Eddy to the Board of Directors.

"On behalf of our Board and Executive team, I can say that we are extremely pleased to have Stephen join us, particularly as the Company is advancing its strategy to develop its first small gold mine in Mali and to generate cash flow for operations in the near future," said Compass Chairman Joe Conway. "His background and experience fit perfectly with our vision to turn Compass from an explorer to a growing gold producer."

Compass CEO Larry Phillips added, "I have known and worked with Stephen for many years, including during my years at IAMGOLD, and we are honoured to have him join our team, adding both his expertise and his commitment to help us to drive ahead for the benefit of all of our stakeholders."

Mr. Eddy is a strategic financial executive with over two decades of experience leading capital markets transactions, risk management, and corporate development in the international mining sector. As Senior Vice President of Business Development at IAMGOLD, he spearheaded $900M in acquisitions and $2.4B in divestitures, including landmark deals such as the $500M sale of Niobec and a $195M strategic investment by Sumitomo. Known for his sharp financial acumen, collaborative leadership, and ability to unlock value in complex, high-stakes environments, Stephen has guided transformative projects such as the turnaround of the Côté Gold project in Ontario. A Chartered Professional Accountant, Master of Management and Professional Accounting (MMPA) graduate from Rotman School of Management and holds an honours BA in Economics from the University of Western Ontario, he brings a rigorous analytical approach, a passion for growth, and a commitment to operational excellence. Stephen excels in aligning strategy with execution to drive shareholder value and position organizations for long-term success.

About Compass Gold Corp.
Compass, a public company having been incorporated into 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 land holding of 1,173 sq. km. The Sikasso Property is located in the same region as several multi-million-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, P.Geo, 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."

Forward‐Looking Information
This news release contains "forward‐looking information" within the meaning of applicable securities laws, including statements regarding the Company's planned exploration work and management appointments. Readers are cautioned not to place undue reliance on forward‐looking information. Actual results and developments may differ materially from those contemplated by such information. The statements in this news release are made as of the date hereof. The Company undertakes no obligation to update forward‐looking information except as required by applicable law.

For further information, please contact:

Compass Gold CorporationCompass Gold Corporation
Larry Phillips – Pres. & CEOGreg Taylor – Dir. Investor Relations & Corporate Communications
[email protected] [email protected]
T: +1 416-596-0996 X 302T: +1 416-596-0996 X 301

 

Website:

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FAQ

Who is Stephen Eddy and what is his role at Compass Gold Corp (TSXV: CVB)?

Stephen Eddy is a strategic financial executive with over 20 years of experience who has been appointed to Compass Gold's Board of Directors. He previously led $900M in acquisitions and $2.4B in divestitures as Senior VP of Business Development at IAMGOLD.

What are Compass Gold's (TSXV: CVB) plans for gold production in Mali?

Compass Gold is advancing its strategy to develop its first small gold mine in Mali with the aim of generating cash flow for operations in the near future.

What major transactions did Stephen Eddy oversee at IAMGOLD?

At IAMGOLD, Stephen Eddy led the $500M sale of Niobec and secured a $195M strategic investment from Sumitomo, among other transactions totaling $3.3B in value.

What qualifications does Stephen Eddy bring to Compass Gold's board?

Stephen Eddy is a Chartered Professional Accountant with an MMPA from Rotman School of Management and an honours BA in Economics from the University of Western Ontario, bringing expertise in capital markets, risk management, and corporate development.

How does Stephen Eddy's appointment align with Compass Gold's strategy?

Eddy's appointment aligns with Compass Gold's strategy to transition from an explorer to a gold producer, leveraging his extensive experience in mining sector transactions and operational excellence.
Compass Gold

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