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Sep 11, 2012

Scorpio Gold's Mary LC Zone Drilling Intersects 7.62 metres Grading 3.15 g/t Gold at the Mineral Ridge Operation

Vancouver, September 11, 2012 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) announces additional drill results from its 2012 drilling program on the Mary LC Zone, located adjacent to the Mary pit which is currently undergoing pre-stripping in advance of commencing full-scale open pit production at the 70% owned Mineral Ridge project, Nevada. Two 10 foot benches remain to be blasted for full production from the Mary pit that will add to and supplement current production from the Drinkwater pit.

Scorpio Gold's drilling to date has determined that the Drinkwater, Mary and Mary LC zones represent one continuous zone of mineralization, with the LC area being the least defined to date. A drill hole plan is available on the Company's website: View Map.

Table 1. Mary LC Zone - Significant Drill Results

Hole No. From (ft) To (ft) Width (ft) From (m) To (m) Width (m) Gold (OPT) Gold (g/t)
MR12437 0 5 5 0.00 1.52 1.52 0.033 1.13
  15 20 5 4.57 6.10 1.52 0.046 1.58
  35 45 10 10.67 13.72 3.05 0.050 1.70
  315 320 5 96.04 97.56 1.52 0.028 0.96
MR12438 80 85 5 24.39 25.91 1.52 0.053 1.82
MR12439 75 95 20 22.97 28.96 6.10 0.032 1.10
MR12440 115 135 20 35.06 41.16 6.10 0.016 0.53
  145 160 15 44.21 48.78 4.57 0.018 0.61
MR12441 50 65 15 15.24 19.82 4.57 0.014 0.47
  75 80 5 22.87 24.39 1.52 0.067 2.30
  105 115 10 32.01 35.06 3.05 0.013 0.43
MR12443 30 50 20 9.15 15.24 6.10 0.017 0.57
  80 90 10 24.39 27.44 3.05 0.038 1.30
  105 125 20 32.01 38.11 6.10 0.041 1.39
  140 145 5 42.68 44.21 1.52 0.039 1.34
MR12444 300 305 5 91.46 92.99 1.52 0.019 0.65
  315 320 5 96.04 97.56 1.52 0.029 0.99
  360 365 5 109.75 111.28 1.52 0.195 6.69
MR12446 75 100 25 22.87 30.49 7.62 0.092 3.15
MR12447 0 5 5 0.00 1.52 1.52 0.033 1.13
  15 20 5 4.57 6.10 1.52 0.046 1.58
  35 45 10 10.67 13.72 3.05 0.050 1.70
  90 95 5 27.44 28.96 1.52 0.02 0.66
  135 145 10 41.16 44.21 3.05 0.024 0.81
  175 200 25 53.35 60.98 7.62 0.018 0.63
  315 320 5 96.04 97.56 1.52 0.023 0.79
MR12448 80 85 5 24.39 25.91 1.52 0.053 1.82
MR12449 65 70 5 19.82 21.34 1.52 0.018 0.62
  345 350 5 105.18 106.71 1.52 0.029 0.99


All holes presented in the above table were completed by reverse circulation (RC) drilling. True width is estimated at ~90% of downhole width. Analytical results were performed by American Assay Laboratory Inc. ("AAL") in Sparks, Nevada, USA. AAL does not have ISO/IEC 17025 accreditation but implements a quality management system following ISO/IEC 17025 standards and maintains a paperwork trail for ISO/IEC 17025 accreditation. AAL participates in a number of testing and certification programs, details of which are presented in the Company's quality assurance and quality control (QA/QC) program for the Mineral Ridge project: View PDF. External check assays to verify lab accuracy are routinely completed by ALS Chemex, an ISO 9001:2000 certified and ISO/IEC 17025:2005 accredited laboratory.

Scorpio Gold's CEO, Peter J. Hawley, P.Geo., is a Qualified Person for the Mineral Ridge project and has reviewed and approved 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,
CEO

For further information contact:
Steve Roebuck Tel: (819) 825-7618
Email:

Investor Relations:
Jim Macdonald, Torrey Hills Capital
Tel: (858) 456-7300
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. 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, development and exploitation of its Mineral Ridge project. 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 risks such as delays related to completion of exploration programs and those risk factors outlined in the Company's Management Discussion and Analysis 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 thereof.