Scorpio Gold Drills 2.94 g/t Gold over 36.42 Metres from 169.62 Metres at the Goldwedge Target at Manhattan

Zayn Kalyan, CEO and Director of Scorpio Gold

“Hole 26MN-124 returned 2.94 grams across 36.42 metres, containing 19.33 grams over 4.27 metres and is consistent with high grade feeder zones feeding a wider mineralised envelope. Additionally, generally lower grade intercepts in eight holes, drilled in four areas across the system returned intervals outside the existing resource. Our understanding now puts all of these areas in context and will allow the company to keep expanding the current compliant resource, update and expand the historic resources and explore the abundant historic small mines dating from the initial gold rush in this area. Scorpio continues to add value with systematic drilling guided by modern drilling to expand toward its true district scale potential. Moreover, Scorpio continues to investigate innovative ways to crystallise the value of this unique asset as early as possible. Hole 26MN-124 provides further impetus to investigate a potential underground restart at Goldwedge as a nearer-term path to production, ahead of the surrounding district. Also, a sonic drill program to provide an initial test of grade and tonnage of the historic heap leach, tailings pond and low-grade stockpile is scheduled to start before the end of the month. Few juniors can offer this diversity of existing value, near-term potential and district-scale upside”