Mr. Peter Hawley reports

SCORPIO GOLD INTERSECTS 6.06 G/T GOLD OVER 10.67 METERS AT THE SOLBERRY SATELLITE DEPOSIT, MINERAL RIDGE PROJECT, NEVADA

Scorpio Gold Corp. has released further results from its 2013 satellite deposit drilling program at the 70-per-cent-owned Mineral Ridge project, located in Nevada. The Solberry deposit lies west of the currently producing Drinkwater and Mary pits and 600 metres northwest of the leach pad.

The Solberry is one of the least explored of the satellite deposits on the Mineral Ridge property. Limited past drilling has outlined a small shallow resource and floating cone pit shell (as reported in the company's Aug. 16, 2013, news release). Twelve holes drilled in 2013 have provided further evidence that Solberry is not an isolated zone but forms part of a semi-continuous trend of mineralization within a shallow-dipping stratigraphic horizon. This horizon hosts the Oromonte and Wedge deposits to the southeast and the Bluelite and Brodie deposits to the south. All of these deposits lie on the western flank of an anticlinal fold structure and are considered to be related to mineralization within the Drinkwater-Mary trend, which lies on the eastern flank.

The upcoming 2014 exploration drilling program is designed to trace known mineralization at Solberry to the south and southeast toward the Oromonte deposit, and northwestward into untested ground. The current resource and pit shell at Solberry appear to be constrained by the extent of historic drilling rather than any demonstrated termination of the mineralized trend, and the proposed drill program is targeted at increasing the size and enhancing the confidence level of the current resource.

Highlights from the 2013 drilling program on the Solberry deposit include:

• MR13693: 7.03 grams per tonne gold over 7.62 metres;
• MR13894: 6.06 grams per tonne gold over 10.67 metres;
• MR13698: 1.97 grams per tonne gold over 4.57 metres.

               SOLBERRY AREA -- SIGNIFICANT DRILL RESULTS                   

Hole                  From    To  Width    From      To   Width    Gold   Gold
No.                    (ft)  (ft)   (ft)     (m)     (m)     (m)  (oz/t)  (g/t)

MR13690                 15    20      5    4.57    6.10    1.52   0.015   0.51
                        40    50     10   12.19   15.24    3.05   0.016   0.55
                       565   570      5  172.21  173.74    1.52   0.010   0.34
MR13691                 70    75      5   21.34   22.86    1.52   0.021   0.72
MR13692                  0     5      5    0.00    1.52    1.52   0.012   0.41
                        25    30      5    7.62    9.14    1.52   0.016   0.55
MR13693                 30    55     25    9.14   16.76    7.62   0.205   7.03
                        65    75     10   19.81   22.86    3.05   0.013   0.45
MR13694                 35    40      5   10.67   12.19    1.52   0.035   1.20
                        70   105     35   21.34   32.00   10.67   0.177   6.06
MR13695                               No significant results
MR13696                 10    15      5    3.05    4.57    1.52   0.040   1.37
                        90    95      5   27.43   28.96    1.52   0.018   0.62
                       115   135     20   35.05   41.15    6.10   0.040   1.36
MR13697                               No significant results
MR13698                 65    80     15   19.81   24.38    4.57   0.057   1.97
MR13699                  0     5      5    0.00    1.52    1.52   0.052   1.78
                        15    25     10    4.57    7.62    3.05   0.047   1.59
                       170   180     10   51.82   54.86    3.05   0.023   0.79
MR13700                 25    30      5    7.62    9.14    1.52   0.031   1.06
                        40    50     10   12.19   15.24    3.05   0.026   0.87
MR13701                 10    15      5    3.05    4.57    1.52   0.023   0.79

All holes were completed by reverse circulation drilling. True width is estimated at 90 to 100 per cent of downhole width. Analytical results were performed by American Assay Laboratory Inc. in Sparks, Nev., an ISO/IEC 17025:2005-accredited facility. External check assays to verify lab accuracy are routinely 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.

Scorpio Gold's chief executive officer, Peter J. Hawley, PGeo, is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the content of this release.