Scorpio Gold Corp. (SRCRF)

[Talldude]

Company Guidance for 2014 + budget out today.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 13, 2014) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) provides its 2014 guidance and budget for the 70% owned Mineral Ridge project, located in Nevada.

Peter J. Hawley, CEO reports:

"The Company's forecast for its third year of commercial production at Mineral Ridge represents a new high of 40,000-45,000 ounces gold. The operation has consistently exceeded tonnage and grades indicated by the 2012 Life of Mine Plan Study completed by AMEC. These factors contributed to a strong operating performance in H1 2013, enabling the Company to increase its 2013 production forecast and decrease its cash cost estimate midway through the year. As in early 2013, the Company has taken a conservative approach to estimating total cash cost for 2014 at US$800-$850 per ounce of gold sold, and may revise this estimate at a future date if warranted by quarterly operating results."

Production in 2014 is scheduled from the Drinkwater and Mary/LC pits. Scorpio Gold recently received approval from the Nevada Bureau of Land Management for its Amended Plan of Operations, allowing the Company to proceed with the planned expansion of the current Mary pit to incorporate the Mary LC zone.

The new Mary/LC pit will have dimensions far exceeding the current operating Drinkwater pit.

Completion of a new mineral reserve estimate and Life of Mine plan, which will incorporate the Drinkwater, Mary and Mary LC mineralization, is expected in Q1 2014.