Scorpio Gold Corp. (SRCRF)

[Talldude]

17.RC.Holes.Reported.by.includes:Scorpio Gold Intersects 1.76 g/t Gold over 10.67 Meters and Continues to Extend the Mary/LC Zone at the Mineral Ridge Operation, Nevada

Press Release: MINING DRILLING RESULTS – 3PM EDT
SGN.V $0.21
SRCRF.V $0.20

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 8, 2013) - Scorpio Gold Corporation (TSX VENTURE:SGN) ("Scorpio Gold" or the "Company") announces additional drill results from its 2013 drilling program, which targeted undrilled areas in the vicinity of the proposed Mary LC Zone super pit at the 70% owned Mineral Ridge project, Nevada.


As reported in the Company's June 5, 2013 news release, the purpose of the current program is to target undrilled areas within the Mary LC super pit design in order to: determine if mineralization exists, tighten up drill hole spacing for resource estimation, and follow up on mineralized trends either below the proposed pit shell floor or outside of the existing cone boundary.

Results to date continue to be highly encouraging, including intersections of
1.76 g/t over 10.67 meters,
1.09 g/t over 10.67 meters and
3.22 g/t over 6.10 meters.

These results were obtained in three holes located at the southeastern margin of the Mary LC area, with the zone remaining open to the southeast and to depth.

Mineralization continues to be intersected where expected, indicating good consistency with the wire frame models employed. Each successful drill hole intercept is converting previously deemed waste material into mineralization, potentially adding to the resource base and increasing confidence levels.

The holes presented in Table 1 were drilled in previously deemed waste areas and/or where little to no previous drilling had been performed. A 0.40 g/t cutoff grade has been applied.

[chart here]

All holes presented in Table 1 were completed by reverse circulation (RC) drilling.

True width is estimated at 90-100% of downhole width.

Analytical results were performed by American Assay Laboratory Inc. ("AAL") in Sparks, Nevada, USA. 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.

Drill hole locations may be viewed on the Company's website at:

www.scorpiogold.com/i/maps/mr/MaryLC_DHplan2.jpg