Scorpio Intersects 16.77 metres Grading 2.61 g/t Gold

VANCOUVER, BC - Scorpio Gold Corporation reported initial drill results from its 2012 drilling program at the Drinkwater Highwall Zone, located at the northwest end of the Drinkwater pit which is currently in full-scale open pit production at the 70% owned Mineral Ridge project, Nevada.

Peter J. Hawley, CEO commented, "Scorpio Gold's review of historical data indicated that mineralization was left behind in the high wall at the northwest end of the Drinkwater pit. Initial drill results on the Drinkwater Highwall Zone and its northwest trend not only confirm this, but show that the width of this gold mineralization is substantial. Drilling continues to outline and expand the mineralized zone, which is currently open along strike to the north and south. Once drilling is complete, the Drinkwater Highwall Zone will be modeled and incorporated into the mine plan."

Scorpio Gold's drilling to date has determined that the Drinkwater Highwall, Drinkwater, Mary and Mary LC zones represent one continuous zone of mineralization. The results presented in Table 1 are primarily step out holes north of the historical outline of the Drinkwater Highwall Zone mineralization. Assays have yet to be received for drill holes MR12467 to MR12470.

All holes presented 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. 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 at: www.scorpiogold.com/i/pdf/reports/QAQC-MR.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.

The company's address is 206-595 Howe St., Vancouver, BC V6C 2T5, (604) 678-9639, fax: (604) 558-1136, email: [email protected].