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Sep 14, 2015

Scorpio Gold Reports Results from 2015 Expansion Drilling at the Bluelite Satellite Deposit, Mineral Ridge Project, Nevada

Vancouver, September 14, 2015 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) reports additional results from the 2015 expansion drilling program on the Bluelite satellite deposit at its70% owned Mineral Ridge project, located in Nevada.

The 2015 expansion program at Bluelite has included infill, development and exploration drilling to expand and upgrade the current mineral reserve and resource base for the deposit and potentially extend life of mine.

All of the holes presented in Table 1 are step-out exploration holes located to the south-southwest and southeast of currently defined resources for the Bluelite deposit. Drilling has now outlined a broad area of mineralization extending 250 meters to the south-southwest of the Bluelite deposit and 500 meters southeast along the NW Brodie trend. Management believes that results received to date from the 2015 drilling program should positively impact the existing resource base at the Bluelite deposit.

Pre-production development work at the Bluelite deposit began in May 2015 with the pre-stripping of waste material. The pit entered production on July 1, 2015 and as of the end of August, 53,086 ore tons at an average grade of 0.053 opt (1.82 g/t) gold and 655,921 waste tons have been mined.

Highlights from this latest phase of exploration drilling at the Bluelite deposit include:
  • MR151445: 3.26 grams per tonne ("g/t") gold over 4.57 meters
  • MR151574: 1.25 g/t gold over 4.57 meters
  • MR151578: 3.14 g/t gold over 3.05 meters
  • MR151579: 1.47 g/t gold over 6.10 meters
  • MR151603: 1.60 g/t gold over 4.57 meters
  • MR151605: 1.99 g/t gold over 7.62 meters
  • MR151691: 2.25 g/t gold over 6.10 meters
  • MR151695: 1.18 g/t gold over 6.10 meters
  • MR151696: 1.46 g/t gold over 3.05 meters

A drill hole location map is available at: DH Plan

Table 1. Bluelite Deposit Target Area - 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)
MR14105 0 -90 No Significant Results
MR151445 0 -90 315 330 15 96.01 100.58 4.57 0.095 3.26
385 395 10 117.35 120.40 3.05 0.038 1.30
MR151571 0 -90 70 75 5 21.34 22.86 1.52 0.019 0.65
135 140 5 41.15 42.67 1.52 0.044 1.51
415 420 5 126.49 128.02 1.52 0.028 0.96
MR151572 0 -70 175 180 5 53.34 54.86 1.52 0.015 0.51
MR151573 0 -90 270 275 5 82.30 83.82 1.52 0.029 0.99
295 300 5 89.92 91.44 1.52 0.053 1.82
330 340 10 100.58 103.63 3.05 0.018 0.60
MR151574 0 -90 105 110 5 32.00 33.53 1.52 0.072 2.47
125 135 10 38.10 41.15 3.05 0.041 1.39
180 195 15 54.86 59.44 4.57 0.036 1.25
230 240 10 70.10 73.15 3.05 0.022 0.75
250 260 10 76.20 79.25 3.05 0.028 0.96
MR151575 0 -90 75 80 5 22.86 24.38 1.52 0.033 1.13
95 100 5 28.96 30.48 1.52 0.058 1.99
195 215 20 59.44 65.53 6.10 0.026 0.90
MR151576 0 -90 80 90 10 24.38 27.43 3.05 0.035 1.18
445 450 5 135.64 137.16 1.52 0.045 1.54
MR151577 0 -90 190 200 10 57.91 60.96 3.05 0.030 1.01
405 410 5 123.44 124.97 1.52 0.017 0.58
MR151578 45 -45 70 80 10 21.34 24.38 3.05 0.092 3.14
MR151579 0 -90 110 115 5 33.53 35.05 1.52 0.029 0.99
245 265 20 74.68 80.77 6.10 0.043 1.47
310 315 5 94.49 96.01 1.52 0.026 0.89
340 360 20 103.63 109.73 6.10 0.033 1.13
395 400 5 120.40 121.92 1.52 0.083 2.85
455 460 5 138.68 140.21 1.52 0.016 0.55
MR151580 0 -90 280 285 5 85.34 86.87 1.52 0.011 0.38
MR151601 0 -90 115 120 5 35.05 36.58 1.52 0.026 0.89
290 295 5 88.39 89.92 1.52 0.090 3.09
385 410 25 117.35 124.97 7.62 0.026 0.88
440 445 5 134.11 135.64 1.52 0.020 0.69
460 465 5 140.21 141.73 1.52 0.019 0.65
475 480 5 144.78 146.30 1.52 0.023 0.79
490 495 5 149.35 150.88 1.52 0.056 1.92
MR151602 0 -90 210 225 15 64.01 68.58 4.57 0.016 0.54
250 255 5 76.20 77.72 1.52 0.027 0.93
385 405 20 117.35 123.44 6.10 0.019 0.66
MR151603 0 -90 410 425 15 124.97 129.54 4.57 0.047 1.60
MR151604 0 -90 400 410 10 121.92 124.97 3.05 0.023 0.79
425 430 5 129.54 131.06 1.52 0.032 1.10
MR151605 0 -90 245 250 5 74.68 76.20 1.52 0.023 0.77
270 275 5 82.30 83.82 1.52 0.020 0.67
345 350 5 105.16 106.68 1.52 0.027 0.93
385 410 25 117.35 124.97 7.62 0.058 1.99
MR151606 0 -90 490 495 5 149.35 150.88 1.52 0.038 1.30
MR151607 0 -90 285 290 5 86.87 88.39 1.52 0.021 0.72
295 300 5 89.92 91.44 1.52 0.018 0.62
330 340 10 100.58 103.63 3.05 0.025 0.84
MR151608 0 -90 355 360 5 108.20 109.73 1.52 0.017 0.58
MR151609 0 -90 385 390 5 117.35 118.87 1.52 0.015 0.51
455 460 5 138.68 140.21 1.52 0.025 0.86
MR151610 270 -65 320 325 5 97.54 99.06 1.52 0.011 0.38
MR151611 0 -90 No Significant Results
MR151612 270 -65 250 260 10 76.20 79.25 3.05 0.034 1.15
MR151613 270 -55 75 80 5 22.86 24.38 1.52 0.018 0.62
145 150 5 44.20 45.72 1.52 0.019 0.65
MR151614-17 270 -50 No Significant Results
MR151618 270 -50 120 130 10 36.58 39.62 3.05 0.026 0.87
MR151619 270 -65 No Significant Results
MR151620 270 -50 225 230 5 68.58 70.10 1.52 0.022 0.75
MR151641 270 -65 No Significant Results
MR151642 270 -50 135 140 5 41.15 42.67 1.52 0.019 0.65
MR151643-45 270 -65 No Significant Results
MR151691 0 -90 45 65 20 13.72 19.81 6.10 0.066 2.25
215 220 5 65.53 67.06 1.52 0.042 1.44
MR151692 0 -90 135 180 45 41.15 54.86 13.72 0.017 0.60
210 220 10 64.01 67.06 3.05 0.038 1.29
235 240 5 71.63 73.15 1.52 0.039 1.34
MR151693 0 -90 30 35 5 9.14 10.67 1.52 0.013 0.45
MR151694 0 -90 130 150 20 39.62 45.72 6.10 0.022 0.75
175 180 5 53.34 54.86 1.52 0.016 0.55
200 230 30 60.96 70.10 9.14 0.020 0.68
MR151695 0 -90 135 140 5 41.15 42.67 1.52 0.015 0.51
160 180 20 48.77 54.86 6.10 0.035 1.18
MR151696 0 -90 135 145 10 41.15 44.20 3.05 0.043 1.46
185 190 5 56.39 57.91 1.52 0.032 1.10

All holes presented in Table 1 were completed by reverse circulation (RC) drilling. True width is estimated at 80-100% 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 available at: MR QAQC.

About Scorpio Gold

Scorpio Gold holds a 70% interest in the producing Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Waterton Global Value L.P. (30%). Mineral Ridge is 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 Goldwedge mill facility has been placed on a care and maintenance basis for the near-term and can be restarted immediately when needed.

Scorpio Gold's President & 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,
President & CEO

For further information contact:
Peter J. Hawley, CEO
Tel: (819) 825-7618
Email: phawley@scorpiogold.com

Investor Relations:
Jim Macdonald, Torrey Hills Capital
Tel: (858) 456-7300
Email: jm@sdthc.com

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 the potential addition of mineral resources south-southwest of the Bluelite deposit and southeast along the NW Brodie trend. 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 involved in mineral exploration and development 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.