TSX-V: SGN $0.05

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Mar 01, 2011

Scorpio Gold Leach Pad Activated for Gold Recovery at Mineral Ridge

Vancouver, March 1, 2011 - Scorpio Gold Corporation (the "Company") (TSX-V: SGN) reports that the application of solution to the leach pad for gold recovery at its 70% owned, fully funded, fully permitted Mineral Ridge Gold Project in Nevada has commenced.

Scheduling remains on track to commence processing of pregnant solution through the ARD plant to initially produce gold later this month.

Crushing, agglomeration and stacking of gold-bearing material mined by previous owners continues, and the application of leaching solution will increase as the various cell pads are configured. There are presently some 280,000 tons of the previously mined material available to be treated on the pad, after which, material for the balance of 2011 will be mined from the Drinkwater Pit.

Gold production, which is completely un-hedged, is expected to to reach a steady state by June and then continue to track positively in the second half of 2011.

The Company's interest in the Mineral Ridge project is expected to increase to 80% before year end based on Mineral Ridge achieving two quarters of commercial production, pursuant to its agreement with Golden Phoenix Minerals.

President & CEO, Peter J. Hawley, PGeo, is the Qualified Person for the Mineral Ridge project and has reviewed the content of this release.

For additional information please see the Company's website at www.scorpiogold.com.

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION


Peter J. Hawley,
President & CEO

For further information contact:
Peter J. Hawley Tel: (819) 825-7618
Email:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The Company relies on litigation protection for "forward-looking" statements. This news release contains forward-looking statements that are based on the Company's current expectations and estimates, including statements as to future sales. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the Company's plans with respect to the exploration and development of its projects. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including those risk factors outlined in the Company's Management Discussion and Analysis for the year ended December 31, 2010 as filed on Sedar. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.