Compass Venture Inc T.CVI.A

Overall Pertormance CVI.a

[GMJFAR]

Overall Performance

Net income for the nine month period ended September 30, 2010 was$6.0 million versus
.8 million for 2009. Working capital at September30, 2010 increased to 73.3 million from $70.7 million at December 31,2009. Funds flow from operations for the nine month period endedSeptember 30, 2010 improved to $13.9 million from $8.9 million for thenine months ended September 30, 2009.

During the nine month period ended September 30, 2010, theCompany's ability to generate positive funds flow from operationsenabled it to finance its capital program and to buy back 529,528 sharesat a cost of $1.5 million representing an average cost of $2.77/share(C$2.87/share). The Company continues to generate cash flow from itsoperations at Block 9 in the Republic of Yemen.

Investment Highlights

• Strong reserves base with excellent low risk growth potential;
• Excellent Balance Sheet no debt and strong working capital position;
• Self-funding operations (both exploration and development are internally funded);
• Board/Management decision to buy-back approximately 5 million shares; and
• Committed Management holding approximately 23% of CVI.A's outstanding shares.