Scorpio Gold Corp. (SRCRF)

[Belgie24]

Scorpio Gold Updates Expansion Drilling at the Bluelite Satellite Deposit, Mineral Ridge Project, Nevada

Vancouver, December 16, 2013 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) reports additional results from its 2013 satellite deposit drilling program at the 70% owned Mineral Ridge project, located in Nevada. The Bluelite deposit lies west of the currently producing Drinkwater and Mary pits and 400 meters northwest of the leach pad.

The 2013 satellite drilling program is designed to upgrade and potentially increase the mineral resource estimate completed by Telesto Nevada Inc. ("Telesto") for a number of satellite deposits including Bluelite, which was reported in the Company's August 16, 2013 news release. As of June 1, 2013, the Inferred mineral resource estimate for the satellite deposits totalled 513,000 tons grading 0.078 ounces per ton (opt) gold totalling 40,200 contained ounces gold. The Bluelite deposit was estimated to contain 193,000 tons grading 0.079 opt gold for 15,200 contained ounces gold, or approximately 37.8% of the total Inferred mineral resource for the four satellite deposits.

The drilling program continues to meet with success, returning significant intercepts both within and extending outside of the floating cone pit shells modelled by Telesto for the Bluelite deposit, and continuing to extend the near-surface mineralized trend westward toward undrilled ground. Previous results of the expansion drilling on the Bluelite deposit were reported in the Company's September 11, 2013 and November 20, 2013 news releases.

continued at:

http://www.scorpiogold.com/s/news.asp?ReportID=615785