Scorpio Gold Production At Mineral Ridge

VANCOUVER, BC - Scorpio Gold Corporation reported its operating results for the third quarter at its 70% owned Mineral Ridge project, located in Nevada.

Production in Q3 2013 totaled 9,632 ounces of gold and 3,702 ounces of silver for year-over-year increases of 44.6% and 27.7%, respectively, from Q3 2012. Total gold production for the first three quarters of 2013 now stands at 27,812 ounces.

Peter J. Hawley, CEO said, "The Mineral Ridge operation posted another strong quarter with ore production, processing throughput and head grades in line with our updated 2013 operational guidelines. Overall results for the first nine months of 2013 put us in a good position to meet our 2013 production forecast of 35,000 to 40,000 ounces of 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 also holds a 100% interest in the advanced exploration-stage Goldwedge property and processing facility in Manhattan, Nevada, and the advanced exploration-stage Pinon 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.