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Press release from Marketwire

Scorpio Gold Discovers Silver-Enriched Zone on Mineral Ridge Project

Tuesday, September 13, 2011

Scorpio Gold Discovers Silver-Enriched Zone on Mineral Ridge Project08:30 EDT Tuesday, September 13, 2011VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2011) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) announces the discovery of widespread silver-enriched mineralization over significant widths at the Coyote Target, on its 70% owned Mineral Ridge project in Nevada. Eleven holes in this first phase drill program tested the Coyote target over a 250 x 600 metre area, while 2 holes tested an outlier zone located 914 metres to the northwest.Peter J. Hawley, President and CEO reports, "While drilling the Coyote gold target, we have encountered an extensive, thick silver-mineralized zone, which appears to have overprinted earlier gold mineralization and is presently thought to be wedge-shaped and thickening to the northwest. Step out drilling in the vicinity of a historical adit, 914 metres (3,000 feet) to the northwest, has intercepted 147.87 metres grading 2.13 g/t silver (485 feet grading 0.075 OPT silver). All of the holes in this first ever drilling of the area terminated in mineralization. Mapping and geochemical sampling is underway to determine the surface expression and relevance of this discovery to other mineralization on the property. The widespread nature of mineralization crossing various lithological host units may be indicative of a very large mineralized system."Table 1: Coyote Target – Significant Drill ResultsHole No.From (ft)To (ft)Width (ft)From (m)To (m)Width (m)Gold (OPT)Gold (g/t)Silver (OPT)Silver (g/t)MR110865055515.2416.771.520.0140.404515010513.7245.7332.010.0391.11Including451056013.7232.0118.290.0551.56Including1151503535.0645.7310.670.0180.5149051020149.39155.496.100.0270.77MR11087060600.0018.2918.290.0220.622653155080.7996.0415.240.0772.18Including265270580.7982.321.520.0110.31Including300305591.4692.991.520.0220.623353405102.13103.661.520.0170.48MR1108845601513.7218.294.570.0110.31851456025.9144.2118.290.0541.53110115533.5435.061.520.0371.056806855207.32208.841.520.0481.36MR110921151705535.0651.8316.770.0541.5365567520199.70205.796.100.0260.74MR1109420110906.1033.5427.440.0270.772653003580.7991.4610.670.0160.4541042010125.00128.053.050.0160.45MR110953045159.1513.724.570.0290.823540510.6712.201.520.0150.431851951056.4059.453.050.0250.712102453564.0274.7010.670.0381.0857558510175.30178.353.050.0250.71MR1110211522511035.0668.6033.540.0451.28Including165170550.3051.831.520.0160.4542044020128.05134.156.100.0150.4355556510169.21172.263.050.0270.7759560510181.40184.453.050.010.28MR11103301351059.1541.1632.010.0330.94901304027.4439.6312.200.0601.70MR11114251751507.6253.3545.730.0982.78Including45854013.7225.9112.200.2567.26Including65751019.8222.873.050.0290.822052201562.5067.074.570.0270.7742043010128.05131.103.050.3279.2747048515143.29147.874.570.0140.40MR1115402652650.0080.7980.790.0250.71Including51551501.5247.2645.730.0320.911201503036.5945.739.150.0842.381201351536.5941.164.570.1193.3756557510172.26175.303.050.0110.31MR111551701851551.8356.404.570.051.422502601076.2279.273.050.0110.312903809088.41115.8527.440.0140.40Including2903304088.41100.6112.200.0210.6047553055144.82161.5916.770.0411.1647549520144.82150.916.100.0732.07Table 2: Northwest of Coyote Target – Significant Drill ResultsHole No.From (ft)To (ft)Width (ft)From (m)To (m)Width (m)Gold (OPT)Gold (g/t)Silver (OPT)Silver (g/t)MR111562035106.1010.674.570.0230.6511560048535.06182.93147.870.0752.13Including1151655035.0650.3015.240.0340.96Including1751851053.3556.403.050.0371.05Including1952152059.4565.556.100.0130.37Including2252603568.6079.2710.670.0270.77Including2502601076.2279.273.050.0621.76Including2652751080.7983.843.050.0170.48Including33037040100.61112.8012.200.0792.24Including34035010103.66106.713.050.2446.92Including390525135118.90160.0641.160.0150.43Including39043545118.90132.6213.720.0140.40Including45047525137.20144.827.620.0270.77Including48550015147.87152.444.570.0230.65Including51052515155.49160.064.570.0170.48Including53560065163.11182.9319.820.42712.11Including53557035163.11173.7810.670.68119.31Including57560025175.30182.937.620.74421.09MR11157010100.003.053.050.0130.372535107.6210.673.050.0340.964550513.7215.241.520.0220.6255701516.7721.344.570.0180.51851001525.9130.494.570.0120.341351905541.1657.9316.770.0531.501952404559.4573.1713.720.0350.992553156077.7496.0418.290.0220.62320325597.5699.091.520.0170.4833534510102.13105.183.050.0110.3135538025108.23115.857.620.0270.7738541530117.38126.529.150.0180.5142043010128.05131.103.050.3339.4444049050134.15149.3915.240.0641.81All holes presented in the above tables were by reverse circulation (RC) drilling. True width is estimated at ~90% downhole width. Drill hole plans and cross-sections are available on the Company's website at www.scorpiogold.com. Analytical results were performed by American Assay Laboratory Inc. (AAL) in Sparks, Nevada, USA. AAL does not have ISO/IEC 17025 accreditation but implements a quality management system following ISO/IEC 17025 standards and maintains a paperwork trail for ISO/IEC 17025 accreditation. AAL participates in a number of testing and certification programs, details of which are presented in the Company's quality assurance and quality control (QA/QC) program for the Mineral Ridge project at: www.scorpiogold.com/Documents/QAQC-MR.pdf. President & CEO, Peter J. Hawley, PGeo, is the Qualified Person for the Mineral Ridge project and has reviewed the content of this release. For additional information please see the Company's website at www.scorpiogold.com. ON BEHALF OF THE BOARDSCORPIO GOLD CORPORATIONPeter J. Hawley, President & CEOThe Company relies on litigation protection for "forward-looking" statements. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the Company's plans with respect to the exploration and development of its projects. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including those risk factors outlined in the Company's Management Discussion and Analysis for the year ended December 31, 2010 as filed on SEDAR. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. FOR FURTHER INFORMATION PLEASE CONTACT: Peter J. HawleyScorpio Gold CorporationPresident & CEO(819) 825-7618phawley@scorpiogold.comwww.scorpiogold.comORTorrey Hills CapitalInvestor Relations:Andrew Hoffman(858) 456-7300ahoffman@torreyhillscapital.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.