Exploration Drilling At The Mineral Ridge Project

VANCOUVER, BC - Scorpio Gold Corporation reported results from the 2016 exploration drilling program on the Defiance target at its 70% owned Mineral Ridge project, located in Nevada.

The Defiance target lies along trend of and ~200 meters southeast of the Custer deposit. Extensive road construction at the beginning of the year allowed for crossing the sizable canyon that lies between the two areas and drilling on the Defiance target for the first time in 2016. Thirty-six holes were drilled on roughly 50 meter centers, defining the initial footprint of the Defiance mineralization over a ~200 x 300 meter area. Compared to Custer, the mineralization encountered thus far lies at greater depths and over narrower widths due to geological differences between the two deposits. Surface mapping is ongoing to enhance understanding of the geology in the Defiance target area.

Highlights from RC drilling in 2016 on the Defiance target include: MR161939: 2.06 grams per tonne ("g/t") gold over 3.05 meters, MR161942: 6.45 g/t gold over 1.52 meters, MR161944: 2.47 g/t gold over 1.52 meters, MR161947: 2.33 g/t gold over 3.05 meters, MR161990: 2.47 g/t gold over 1.52 meters, MR161992: 3.57 g/t gold over 1.52 meters, MR161995: 2.16 g/t gold over 1.52 meters, MR162025: 2.47 g/t gold over 3.05 meters, and MR162026: 9.84 g/t gold over 1.52 meters.

All holes were completed by reverse circulation (RC) drilling. True width is estimated at 80-100% of downhole width. 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.