Scorpio Gold Corp. (SRCRF)

[Belgie24]

Scorpio Gold Drilling Intersects 12.20 metres grading 4.22 g/t Gold on Mary Zone, Mineral Ridge Project

Vancouver, February 28, 2012 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) announces additional drill results from the Mary Zone, located southwest of the current mining in the Drinkwater pit at the 70% owned Mineral Ridge project, Nevada.

Peter J. Hawley, President and CEO reports, "Drill results continue to support an increase in the overall width of the Mary Zone and to confirm that gold mineralization extends southwest from the Mary Zone to the adjacent Mary LC Zone, encompassing a strike length of 780 metres. Assays for the final 11 holes of the Mary Zone drill program are pending and will be incorporated into the overall database for a NI 43-101 compliant mineral resource and reserve estimate in conjunction with a Mine Plan Study by AMEC. Completion of the study is expected in Q2 2012."

See the full PR and drill results at:

http://www.scorpiogold.com/s/news.asp?ReportID=509372