Pursuant to a directors resolution dated Nov. 10, 2023, the company has consolidated its capital on a one-new-for-nine-old basis. The name of the company has not been changed.

Effective at the opening on Nov. 24, 2023, the common shares of Scorpio Gold Corp. will commence trading on the TSX Venture Exchange on a consolidated basis. The company is classified as a mineral exploration/development company.

Postconsolidation

Capitalization:  unlimited shares with no par value, of which 23,437,407 shares are issued and outstanding

Escrow:  nil

Transfer agent:  Computershare Trust Company of Canada

Trading symbol:  SGN (unchanged)

Cusip No.:  80918M 30 2 (new)