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Nov 05, 2009

Scorpio Gold's Mineral Ridge Deposit Reports Assay Results of Bulk Sampling Program on Oversized Leach Pad Material

Vancouver, November 5, 2009 - Scorpio Gold Corporation (TSX-V: SGN) is pleased to announce preliminary bulk sample results from the Mineral Ridge gold deposit, Nevada. The samples were collected from oversized material remaining on the leach pad that was inadequately leached by previous operators.

The average grade of bulk samples collected from the leach pad is 1.75 g/t gold (Table 1). The poor initial leach recovery by previous operators was due to inadequate crush size and leaching techniques. Additional column leach and flooded vat leach tests are being completed; however, Scorpio Gold anticipates a significant improvement in recovery can be realized by correctly crushing and re-leaching this material.

Table 1. Leach Pad Bulk Sample Results

Sample No. Dry Weight (kg) Split A Split A Checks Split B Split B Checks
Au (g/t) Ag (g/t) Au (g/t) Ag (g/t) Au (g/t) Ag (g/t) Au (g/t) Ag (g/t)
42810 A 179.0 3.05 <1.71 2.68 <1.71 5.04 2.40    
42810 B 188.5 3.14 2.06     3.09 3.09    
42810 C 141.5 1.27 <1.71     0.84 3.43    
42810 D 154.5 1.16 7.20     1.05 5.14    
42810 E 174.0 2.30 2.40     1.96 4.11    
42810 F 192.0 2.05 <1.71     2.01 3.77    
42810 G 196.5 3.60 4.11     2.87 2.40 2.86 <1.71
42810 H 196.0 2.53 <1.71     2.35 3.77    
42810 I 181.0 3.20 <1.71     3.22 <1.71    
42810 J 195.5 1.38 4.46     2.41 <1.71    
42810 K 178.5 0.63 <1.71     0.41 1.71    
42810 L 151.5 0.48 <1.71 0.46 <1.71 0.41 <1.71    
42810 M 168.5 0.71 6.51     0.64 1.71    
42810 N 155.5 2.40 3.77     3.06 2.06    
42810 O 150.0 2.11 2.74     2.55 2.06    
42810 P 143.0 1.34 3.43     1.05 4.80    
42810 Q 153.0 0.99 <1.71     1.34 3.77    
42810 R 169.0 1.96 <1.71     2.14 <1.71 2.27 <1.71
42810 S 175.0 1.61 <1.71     1.43 1.71    
42810 T 120.0 1.96 3.43     1.44 2.40    
42810 U 147.0 2.28 2.40     3.00 4.80    
42810 V 154.0 1.34 6.17     1.65 4.80    
42810 W 164.5 1.02 2.40 1.07 <1.71 1.17 <1.71    
42810 X 128.0 1.20 4.11     1.21 4.11    
42810 Y 143.0 0.55 3.09     0.37 4.80    
42810 Z 152.5 2.34 8.23     1.88 4.46    
42811 A 153.5 0.94 5.14     0.55 <1.71    
42811 B 158.5 2.73 4.46     2.52 <1.71    
42811 C 194.5 2.64 3.77     2.06 <1.71 1.98 <1.71
42811 D 131.0 0.47 4.11     0.59 <1.71    
42811 E 176.5 2.85 5.14     2.56 <1.71    
42811 F 209.0 3.11 3.77     1.71 <1.71    
42811 G 122.5 0.99 4.46     1.22 <1.71    
42811 H 200.5 1.33 3.77 1.23 <1.71 1.56 4.80    
42811 I 187.5 2.17 2.40     1.61 <1.71    
42811 J 183.0 1.55 3.77     1.16 <1.71    
42811 K 178.5 0.68 4.11     0.45 <1.71    
42811 L 171.0 0.61 4.46     0.79 <1.71    

The approximate dimension of the sampled area is 36,500 metres2 by approximately 4 metres deep. The estimated bulk density of the material is 1.78 g/cm2. The samples were collected from 19 3.0-metre deep test pits dug in a grid across the coarse material. The top 1.5 metres was handled separately from the bottom 1.5 metres in each of the pits. The samples were then coned and quartered on the site and the final lab split was crushed to a nominal minus 12.7 cm size fraction and sent in 38 separate barrels to American Assay Laboratories (AAL) in Sparks Nevada. AAL, an ISO/IEC 17025 accredited facility, coned and quartered the received material separately again and assayed two splits from each sample submitted. All samples were fire assayed with an AAS finish.

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

CEO, Mr. Peter J. Hawley, PGeo, is the Company's Qualified Person for the various Company projects. Mr. Hawley is responsible for the current exploration and development programs and has reviewed the content of this release.

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION


Peter J. Hawley,
Chief Executive Officer and Director

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.