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Jun 20, 2016

Scorpio Gold Reports Final Results from Exploration Drilling on the Missouri and Brodie Deposit Areas, Mineral Ridge Project, Nevada

Vancouver, June 20, 2016 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) reports final results from exploration drilling in the Missouri and Brodie deposit areas, at its70% owned Mineral Ridge project, located in Nevada.

The Missouri is a shallowly northeast dipping deposit located west and northwest of the Brodie deposit. It outcrops at surface and has some historical underground workings. The mineralization has been outlined by drilling over a ~200 meter strike length and ~100 meters down dip with true widths ranging from 1.5 to 7.62 meters. Geologically, the Missouri mineralization lies just above the granite contact hosted within Wyman metasediments and Alaskite intrusives. Scorpio Gold commenced mining of the Missouri deposit in Q2 2016.

Highlights from the final phase of the RC drilling in the Missouri deposit area include:
  • MR151786: 1.46 grams per tonne ("g/t") gold over 4.57 meters
  • MR151811: 4.83 g/t gold over 3.05 meters
  • MR151812: 2.24 g/t gold over 18.29 meters
  • MR151813: 1.90 g/t gold over 9.14 meters
  • MR151814: 4.64 g/t gold over 9.14 meters

A drill hole location map is available at: DH Plan

Table 1. Missouri Deposit and North Brodie 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)
MR151763,781 0 -90 No Significant Results
MR151764 0 -90 150 155 5 45.72 47.24 1.52 0.032 1.10
175 185 10 53.34 56.39 3.05 0.017 0.57
MR151765 0 -90 165 170 5 50.29 51.82 1.52 0.036 1.23
MR151766 0 -90 110 115 5 33.53 35.05 1.52 0.010 0.34
MR151767 0 -90 95 100 5 28.96 30.48 1.52 0.034 1.17
180 185 5 54.86 56.39 1.52 0.019 0.65
MR151768 0 -90 200 225 25 60.96 68.58 7.62 0.038 1.30
MR151769 0 -90 185 190 5 56.39 57.91 1.52 0.187 6.41
MR151770 0 -90 115 125 10 35.05 38.10 3.05 0.041 1.41
225 230 5 68.58 70.104 1.52 0.035 1.20
MR151782 0 -90 130 135 5 39.62 41.15 1.52 0.021 0.72
MR151783-785 0 -90 No Significant Results
MR151786 0 -90 0 15 15 0.00 4.57 4.57 0.043 1.46
MR151787 0 -90 No Significant Results
MR151788 0 -90 0 5 5 0.00 1.52 1.52 0.017 0.58
MR151789 0 -90 0 10 10 0.00 3.05 3.05 0.016 0.53
MR151790,792 0 -90 No Significant Results
MR151791 0 -90 0 5 5 0.00 1.52 1.52 0.014 0.48
MR151793 0 -90 50 55 5 15.24 16.76 1.52 0.016 0.55
MR151794-796 0 -90 No Significant Results
MR151811 0 -90 20 30 10 6.10 9.14 3.05 0.141 4.83
MR151812 0 -90 25 85 60 7.62 25.91 18.29 0.065 2.24
MR151813 0 -90 35 65 30 10.67 19.81 9.14 0.055 1.90
125 130 5 38.10 39.62 1.52 0.017 0.58
MR151814 0 -90 40 70 30 12.19 21.34 9.14 0.135 4.64
incl 55 60 5 16.76 18.29 1.52 0.590 20.23
MR151815 0 -90 40 45 5 12.19 13.72 1.52 0.038 1.30
MR151816 0 -90 55 60 5 16.76 18.29 1.52 0.113 3.87
MR151817 0 -90 55 60 5 16.76 18.29 1.52 0.019 0.65
130 135 5 39.62 41.15 1.52 0.042 1.44
MR151818 0 -90 0 5 5 0.00 1.52 1.52 0.010 0.34
MR151819 0 -90 No Significant Results
MR151820 0 -90 115 120 5 35.05 36.58 1.52 0.022 0.75
MR151823 0 -90 100 105 5 30.48 32.00 1.52 0.011 0.38
MR151824 0 -90 115 120 5 35.05 36.58 1.52 0.015 0.51
MR151825 0 -90 110 115 5 33.53 35.05 1.52 0.027 0.93
120 125 5 36.58 38.10 1.52 0.193 6.62
140 145 5 42.67 44.20 1.52 0.037 1.27
MR151826 0 -90 120 130 10 36.58 39.62 3.05 0.025 0.86
145 150 5 44.20 45.72 1.52 0.016 0.55
175 185 10 53.34 56.39 3.05 0.020 0.67
230 240 10 70.10 73.15 3.05 0.036 1.23
MR151830 0 -90 105 110 5 32.00 33.53 1.52 0.026 0.89
MR151834 0 -90 185 190 5 56.39 57.91 1.52 0.020 0.69
220 225 5 67.06 68.58 1.52 0.029 0.99
235 240 5 71.63 73.15 1.52 0.065 2.23
MR151840 70 -70 130 140 10 39.62 42.67 3.05 0.023 0.77
MR151841,855 67 -70 No Significant Results
MR151847 247 -70 180 185 5 54.86 56.39 1.52 0.019 0.65
MR151853 71 -60 20 25 5 6.10 7.62 1.52 0.030 1.03
MR151866 325 -50 145 155 10 44.20 47.24 3.05 0.024 0.82
165 170 5 50.29 51.82 1.52 0.015 0.51
205 210 5 62.48 64.01 1.52 0.016 0.55
240 245 5 73.15 74.68 1.52 0.030 1.03
MR151868 20 -65 135 140 5 41.15 42.67 1.52 0.023 0.79

All holes presented in Table 1 were completed by reverse circulation (RC) drilling. True width is estimated at 80-100% of downhole width. Scorpio Gold utilizes the analytical services of ALS Minerals (Reno, Nevada), an ISO/IEC 17025:2005 (CAN-P-4E, CAN-P-1579) accredited testing laboratory, and Bureau Veritas (Reno, Nevada), an ISO 9001 certified testing laboratory. External check assays to verify lab accuracy are routinely completed. 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 Elevon, LLC (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 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

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.