Surface Drilling At The Manhattan Mine Property, Nevada

VANCOUVER - Scorpio Gold Corporation reported on the surface RC drilling program at the Manhattan West and East pits of the newly acquired Kinross Manhattan Property in Manhattan, Nevada. Eleven holes (4,800 meters) of the planned 31 holes have been completed to date, including 6 holes in the East Pit area and 5 holes in the West Pit area.

Assay results have been received for 7 of the 11 holes drilled to date including 2 holes drilled in the West Pit area and 5 holes in the East Pit area.

Drill hole MWRC21-002 targeted and confirmed 3 mineralized zones delineated by historic drilling. The hole intersected a fault zone at the approximate expected target depth of the upper zone, with no chip recovery from 170-180 ft and strongly oxidized material from 180-190 ft that returned 2.13 g/t Au over 3.1 m. The second mineralized zone was intersected at the contact of the Gold Hill Formation schist + quartzite and sandy phyllite at 565-585 ft returning 1.45 g/t Au over 6.1 m. The third zone was intersected at the contact of the sandy phyllite and limestone at 665-685 ft returning 1.22 g/t Au over 6.1 m.

Drill hole MERC21-003 targeted the mineralization trend below the current mined-out pit shell of the East Pit based on current block modeling of the historic drilling results. Although no mineralization was intersected at the expected downhole depth between 200 to 300 ft, two mineralized zones were intersected at 400-420 ft and 485-500 ft returning 4.95 g/t Au over 6.1 m and 3.34 g/t Au over 4.6 m, respectively. Further investigation of this area is planned.

Drilling of the remaining holes in the West Pit area is in progress, following which the drill will move to the East Pit area to complete the program. Results of the drilling will provide considerable information on the structural and lithological controls to mineralization, allowing greater confidence in targeting future drilling to build the resource base. Historical exploration and production drilling at the Manhattan Mine below the mined-out pits indicates a shallow, southwesterly dipping trend to mineralization.