Operating Results At Mineral Ridge Operation

VANCOUVER - Scorpio Gold Corporation reported operating results for the second quarter of 2015 at its 70% owned Mineral Ridge project, located in Nevada.

Production at Mineral Ridge in Q2 of 2015 totaled 8,738 ounces of gold and 3,591 ounces of silver. Total gold production for the first half ("H1") of 2015 now stands at 20,690 ounces, an increase of 7% from H1 of 2014. The Company's 2015 production forecast remains unchanged at 40,000 to 45,000 ounces of gold.

Peter J. Hawley, President & CEO, comments, "We are pleased to report another solid quarter of production at Mineral Ridge. While continuing to cycle through lower-grade material in the Mary pit, our gold production continues to be aided by the drawdown of ounces from the leach pad inventory and by ongoing efforts to re-slope the periphery of the leach pad to bring previously un-leached material under leach. We confirm our guidance of 40,000 to 45,000 ounces gold production at Mineral Ridge in 2015."

Production in 2015 is scheduled from the Mary and Mary LC pits, and from the Wedge, Bluelite, Solberry and Brodie satellite pits. Open pit mining at the Solberry deposit commenced in Q2 2015. Pre-production development work at the Bluelite deposit is in progress with open pit production scheduled to commence in Q3 2015. The Bluelite and Solberry deposits have not been subject to any prior mining campaigns, hence their high-grade core zones are preserved and expected to positively impact the grade of ore being processed at both the Mineral Ridge operation and the Goldwedge mill facility, to which higher-grade ore from Mineral Ridge is shipped on an as-needed basis.

Scorpio Gold holds a 70% interest in the Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Waterton Global Value L.P. (30%), and Scorpio Gold is currently entitled to receive 80% of cash flow generated. Mineral Ridge is currently in production as a conventional open pit mining and heap leach operation. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages. Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground mine and 400 ton per day mill facility. The Company has completed phase one of its 2015 underground drilling program at Goldwedge and is processing high-grade Mineral Ridge ore at the Goldwedge plant on an as needed basis.