Compass Venture Inc T.CVI.A

RE: euphoria is over

[GMJFAR]

Major milestones are subject to risks noted under "Risk Factors" inthe Management Discussion and Analysis, dated April 26, 2010. Milestonesplanned for 2010 include the following:

• Complete construction of truck offloading facility (TOF) to commence trucking of blended crude to Block 51 by the end of the third quarter of 2010;
• Complete appraisal of Ras Nowmah structure;
• Conduct operations to provide further appraisal of the Qarn Qaymah structure;
• Upon completion of the truck offloading facility, commence production from the shut-in wells at Al Roidhat;
• Drill up to nine development wells and commence water and gas injection to maintain reservoir pressure and increase recoverability at Hiswah;
• Acidize Auqban 1 to attempt to increase production from the tight formation; and
• Complete geological mapping and conduct an airborne gravity survey in Ethiopia during the second half of 2010, and
• Utilize Calvalley's strong balance sheet and international operating experience by continuing to evaluate potential acquisitions of additional assets in the Middle East and Africa.