Scorpio Gold Corp. (SRCRF)

[NYBob]

$SCORPIO GOLD REPORTS 9.02 G/T GOLD OVER 7.4 METERS FROM ONGOING UNDERGROUND DRILLING AT GOLDWEDGE, NEVADA
April 13, 2021
Vancouver, April 13, 2021 –

$Scorpio Gold Corporation (“Scorpio Gold” or the “Company”)
(TSXV: SGN) is pleased to announce results from the first 3 holes
of its underground drilling program at
the 100% owned Goldwedge property, located in Nevada.





The current program is focused on defining the on-strike and
down-dip continuity of mineralization intersected in
the 2020 drilling (July 27, 2020 news release) as well as
testing new areas with the potential to define
a mineral resource base.

Results to date indicate the extension of mineralization southward,
hosted within sheared, metamorphosed, interbedded limestones and
argillites with quartz, and calcite veining.

Highlights include 7.4 meters grading 9.02 g/t,
5.3 meters grading 5.11 g/t and
2.7 meters grading 9.19 g/t

(Table 1), situated in an area with an average depth from topographic
surface of 25 m.

Drilling is currently ongoing at the northern section to test
mineralization continuity in that strike direction.

The planned footage for this drilling program is
6,772 ft with 1,217 ft (18%) completed to date.

Table 1: 2021 Goldwedge Underground Drilling –
Significant Results to Date

https://www.scorpiogold.com/news/scorpio-gold-reports-9.02-g-t-gold-over-7.4-meters-from-ongoing-underground-drilling-at-goldwedge-nevada/

$About Scorpio Gold

$Scorpio Gold now holds a 100% interest in the consolidated Manhattan
District in Nevada comprising the advanced exploration-stage
Goldwedge property in Manhattan, Nevada with a fully permitted
underground mine and
a 400 ton per day mill facility and

a 100% interest of the Manhattan Property
situated adjacent and proximal to The Goldwedge property.

Scorpio Gold is party to an earn-in option agreement with
Titan Mining Corporation whereby Titan can earn an 80% joint venture
interest on the Company’s 100% owned Mineral Ridge gold project
located in Esmeralda County, Nevada.

To maintain the option Titan must spend a total of US$35 million
over a staged period of five years.

If Titan spends the initial US$7 million of expenditures
by January 1, 2022, it will also have the right to acquire
a 100% interest by
paying Scorpio Gold US$35 million on or
before December 31, 2022.

The technical information contained within this release has been
reviewed and approved by independent geological consultant,
Mohan R Vulimiri, M.Sc., P.Geo., a Qualified Person as defined by NI
43-101.

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Brian Lock,
CEO & Director

For further information contact:

Brian Lock, CEO
Tel: [phone]
Email: [e-mail]

Diane Zerga, General Manager
Tel: [phone]
Email: [e-mail]

Anthony Simone, Investor Relations
Tel: [phone]
Email: [e-mail]



Website:

http://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.



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