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Sep 11, 2013

Scorpio Gold's Expansion Drilling at the Bluelite Deposit Intersects Near-Surface High-Grade Mineralization

Vancouver, September 11, 2013 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) reports further results from its 2013 satellite deposit drilling program at the 70% owned Mineral Ridge project, located in Nevada.

The 2013 satellite drilling program is designed to increase drill hole spacing density both within and extending outside of the floating cone pit shells modelled by Telesto Nevada Inc. ("Telesto") in their recent mineral resource study of the satellite deposits (see the Company's August 16, 2013 news release for more information). The Bluelite deposit lies west of the currently producing Drinkwater and Mary pits and is within 400 metres of the leach pad. Highlights from the first phase of expansion drilling on the Bluelite deposit include:
  • MR13587: 3.69 g/t over 18.29 meters
  • MR13588: 5.91 g/t over 12.19 meters
  • MR13595: 4.57 g/t over 4.57 meters
  • MR13596: 10.18 g/t over 7.62 meters
  • MR13598: 15.71 g/t over 10.67 meters

Peter J. Hawley, CEO comments: "Initial results from our expansion drilling program on the Bluelite deposit are highly encouraging and have outlined a strongly mineralized zone at the interpreted intersection of a dominant gold bearing northwest trend with a secondary northeast trending structure. The area of enhanced grades and widths occupies the northwest quadrant of the floating cone pit shell modelled by Telesto. These impressive and near surface results are expected to increase and upgrade the current resource estimate. A second drill rig has arrived on site to commence a second phase of infill and step out drilling, which will further test the strongly mineralized structural intersection and allow for expansion of the current pit outline."

Please follow these links for additional information on the Bluelite deposit:

Video Presentation: Bluelite Video
Drill Hole Location Map: View Plan Section
Drill Hole Cross Section: View Cross Section

Table 1. Bluelite Deposit - Significant Drill Results
Hole No. Azm (deg) Dip (deg) From (ft) To (ft) Width (ft) From (m) To (m) Width (m) Gold (OPT) Gold (g/t)
MR13577 0 -90 120 160 40 36.58 48.77 12.19 0.018 0.61
370 375 5 112.78 114.30 1.52 0.013 0.45
MR13578 0 -90 195 200 5 59.44 60.96 1.52 0.014 0.48
MR13579 0 -90 40 45 5 12.91 13.72 1.52 0.062 2.13
55 60 5 16.76 18.29 1.52 0.016 0.55
270 275 5 82.30 83.82 1.52 0.012 0.41
335 340 5 102.11 103.63 1.52 0.051 1.75
MR13580 0 -90 40 45 5 12.19 13.72 1.52 0.019 0.65
150 160 10 45.72 48.77 3.05 0.018 0.62
MR13581 0 -90 65 70 5 19.81 21.34 1.52 0.020 0.69
MR13582 0 -90 No Significant Results
MR13583 0 -90 No Significant Results
MR13584 0 -90 No Significant Results
MR13585 0 -90 No Significant Results
MR13586 0 -90 80 105 25 24.38 32.00 7.62 0.022 0.76
MR13587 0 -90 50 110 60 15.24 33.53 18.29 0.108 3.69
MR13588 0 -90 55 95 40 16.76 28.96 12.19 0.172 5.91
MR13589 0 -90 210 215 5 64.01 65.53 1.52 0.013 0.45
MR13590 0 -90 80 90 10 24.38 27.43 3.05 0.017 0.58
MR13591 0 -90 165 175 10 50.29 53.34 3.05 0.015 0.50
MR13592 0 -90 10 15 5 3.05 4.57 1.52 0.013 0.45
25 30 5 7.62 9.14 1.52 0.023 0.79
MR13593 0 -90 30 35 5 9.14 10.67 1.52 0.144 4.94
165 170 5 50.29 51.82 1.52 0.091 3.12
MR13594 0 -90 40 45 5 12.19 13.72 1.52 0.034 1.17
125 130 5 38.10 39.62 1.52 0.027 0.93
MR13595 0 -90 50 65 15 15.24 19.81 4.57 0.037 4.57
MR13596 0 -90 45 70 25 13.72 21.34 7.62 0.297 10.18
MR13597 0 -90 60 85 25 18.29 25.91 7.62 0.035 1.19
MR13598 0 -90 40 75 35 12.19 22.86 10.67 0.458 15.71

All holes presented in Table 1 were completed by reverse circulation ("RC") drilling. True width is estimated at 90-100% of downhole width. Analytical results were performed by American Assay Laboratory Inc. in Sparks, Nevada, an ISO/IEC 17025:2005 accredited facility. External check assays to verify lab accuracy are routinely completed by ALS Chemex, an ISO 9001:2000 certified and ISO/IEC 17025:2005 accredited facility. Further details are presented in the Company's quality assurance and quality control program for the Mineral Ridge project at: View PDF.

Upcoming Conferences:

Scorpio Gold's CFO, Gilbert Comtois, and President, Steve Roebuck, will be attending the Toronto Resource Investment Conference held at the Sheraton Centre Toronto Hotel on Sep 12-13, 2013; booth 601. Further information is available at: Toronto Resource Investment Conference.

Scorpio Gold's CEO, Peter Hawley, and President, Steve Roebuck, will be attending the Denver Gold Forum held at the Hyatt Regency, Denver from Sep 22-25, 2013. Further information is available at: Denver Gold Forum.

About Scorpio Gold

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 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 bodies at exploration, development and production stages. Scorpio Gold recently acquired the Goldwedge advanced exploration-stage property and processing facility in Manhattan, Nevada, and the Pinon advanced exploration-stage gold property near Carlin, Nevada. The Company is assessing its exploration plans for these properties as well as the potential for toll milling at the Goldwedge plant, which is currently permitted for 400 tons per day.

Scorpio Gold's CEO, Peter J. Hawley, PGeo, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the content of this release.

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:

Website: www.scorpiogold.com

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, including future drilling, and other exploration activities on the satellite deposits. 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 mineral resource estimates, 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.