Scorpio Gold Corp. (SRCRF)

[Talldude]

Scorpio Gold Reports on Expansion Drilling at the Brodie Satellite Deposit, Mineral Ridge Project, Nevada

MINING DRILLING RESULTS – 11:28 AM EDT 8.7.2013

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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 7, 2013) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) reports initial results from its 2013 satellite deposit drilling program at the 70% owned Mineral Ridge project, located in Nevada.

The 2013 satellite program commenced with infill drilling along the northwest mineralized trend that extends from the Brodie pit to the Bluelite deposit. The Brodie area lies southwest of the currently producing Drinkwater and Mary pits and is immediately adjacent to the leach pad. Nine holes were drilled to increase drill hole spacing density both within and extending outside of the floating cone pit shells modelled by Telesto Nevada Inc. ("Telesto") in their pit optimization study of the satellite deposits (see the Company's November 26, 2012 news release for more information). A mineral resource estimate for the satellite deposits is in the final stages of preparation by Telesto and will be released shortly.


Drill results continue to outline the extension of the Brodie deposit to the northwest, with positive results from holes 573 and 576 bracketing a 2012 hole, MR12383, which returned 0.97 grams per tonne ("g/t") over 9.15 m and 1.17 g/t over 21.34 m (originally announced in the Company's June 4, 2012 news release).

The northernmost hole in the 2013 program returned 0.68 g/t over 19.81 meters. The drill has now moved to the Bluelite deposit. A second drill rig is scheduled to arrive on site in September 2013, which the Company intends to dedicate to the satellite drilling program.

Peter J. Hawley, CEO comments:

"There are considerable areas of mineralization outlined by drilling that lie outside of the floating cone pit shells modelled by Telesto. The 2013 satellite program is designed to increase the drilling density in order to upgrade the resource within the pit shells, and potentially expand the resource through increased delineation of the peripheral mineralization. Our results from drilling along the Brodie northwest trend have certainly provided that potential."

A drill hole location map is available at: http://www.scorpiogold.com/i/maps/mr/Brodie_DHplan.jpg

Table 1. Brodie Northwest - Significant Drill Results
TABLE FOUND At ABOVE LINK

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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. in Sparks, Nevada, an ISO/IEC 17025:2005 accredited facility.

External check assays to verify lab accuracy are completed by ALS Chemex, an ISO 9001:2000 certified and ISO/IEC 17025:2005 accredited facility.

Further details are presented in the Company's quality assurance and quality control program for the Mineral Ridge project at: http://www.scorpiogold.com/i/pdf/reports/QAQC-MR.pdf