Scorpio Gold Corp. Reports Results from 2015 Expansion Drilling at the Bluelite Satellite Deposit, Mineral Ridge Projec by 24hgold

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News - Monday, June 22, 2015
Scorpio Gold Reports Results from 2015 Expansion Drilling at the Bluelite Satellite Deposit, Mineral Ridge Project, Nevada

Vancouver, June 22, 2015 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) reports additional results from the 2015 expansion drilling program on the Bluelite satellite deposit at its70% owned Mineral Ridge project, located in Nevada.

The 2015 expansion program at Bluelite includes infill, development and exploration drilling to expand and upgrade the current mineral reserve and resource base for the deposit and potentially extend the life of mine of the Mineral Ridge project.

All of the holes presented in Table 1 are step-out exploration holes that lie well outside the currently defined mineral resource for the Bluelite deposit. Four widely-spaced reconnaissance holes (MR151332-333, 335 and 340) were drilled in an untested area to the northwest of the deposit. The remaining 29 holes continue to delineate mineralization that has now been outlined over a 200 x 200 meter area extending south-southwest of the current Bluelite deposit pit outline, as well as a 200 meter wide area of semi-continuous mineralization that extends southeast of the pit outline along the NW Brodie trend toward the Brodie deposit.

Management believes that results received to date from the current expansion drilling program should positively impact the existing resource base at the Bluelite deposit and will potentially allow for defining a new resource in the wide areas of mineralization that extend south-southwest of the current pit outline and southeast along the NW Brodie trend.

Pre-production development work at the Bluelite deposit is in progress with open pit production scheduled in Q3 2015.

Highlights from this latest phase of expansion drilling at the Bluelite deposit include:

MR151396: 1.29 grams per tonne ("g/t") gold over 9.14 meters
MR151398: 2.60 g/t gold over 6.10 meters
MR151399: 2.39 g/t gold over 9.14 meters
MR151408: 7.90 g/t gold over 3.05 meters
MR151410: 1.45 g/t gold over 10.67 meters
MR151441: 1.82 g/t gold over 6.10 meters
MR151442: 58.25 g/t gold over 1.52 meters

A drill hole location map is available at: DH Plan

Table 1. Bluelite Deposit - Significant Drill Results

Hole No.	Azm (deg)	Dip (deg)	From (ft)	To (ft)	Width (ft)	From (m)	To (m)	Width (m)	Gold (OPT)	Gold (g/t)
MR151324	0	-90	115	120	5	35.05	36.58	1.52	0.015	0.51
			225	240	15	68.58	73.15	4.57	0.029	0.99
			305	315	10	92.96	96.01	3.05	0.014	0.48
			330	340	10	100.58	103.63	3.05	0.061	2.07
MR151325	270	-60	100	105	5	30.48	32.00	1.52	0.023	0.79
			120	140	20	36.58	42.67	6.10	0.028	0.96
			185	200	15	56.39	60.96	4.57	0.020	0.69
			245	295	50	74.68	89.92	15.24	0.015	0.51
			330	350	20	100.58	106.68	6.10	0.023	0.79
MR151326	0	-90	55	65	10	16.76	19.81	3.05	0.020	0.69
			220	225	5	67.06	68.58	1.52	0.025	0.86
			235	240	5	71.63	73.15	1.52	0.044	1.51
			275	280	5	83.82	85.34	1.52	0.100	3.43
			295	310	15	89.92	94.49	4.57	0.033	1.13
			360	365	5	109.73	111.25	1.52	0.023	0.79
			375	405	30	114.30	123.44	9.14	0.026	0.90
MR151332	0	-90	No Significant Results
MR151333	0	-90	No Significant Results
MR151334	270	-50	90	100	10	27.43	30.48	3.05	0.028	0.96
MR151335	0	-90	45	50	5	13.72	15.24	1.52	0.015	0.51
MR151336	0	-90	265	290	25	80.77	88.39	7.62	0.029	0.98
MR151337	0	-90	No Significant Results
MR151338	0	-90	250	270	20	76.20	82.30	6.10	0.031	1.05
			290	295	5	88.39	89.92	1.52	0.072	2.47
MR151339	270	-60	20	25	5	6.10	7.62	1.52	0.060	2.06
			350	355	5	106.68	108.20	1.52	0.059	2.02
			395	400	5	120.40	121.92	1.52	0.074	2.54
MR151340	0	-90	No Significant Results
MR151391	0	-90	330	335	5	100.58	102.11	1.52	0.015	0.51
MR151392	0	-90	335	340	5	102.11	103.63	1.52	0.011	0.38
MR151393	270	-75	95	100	5	28.96	30.48	1.52	0.010	0.34
MR151394	270	-75	75	80	5	22.86	24.38	1.52	0.027	0.93
			275	285	10	83.82	86.87	3.05	0.019	0.63
MR151395	270	-50	170	185	15	51.82	56.39	4.57	0.042	1.43
			245	250	5	74.68	76.20	1.52	0.016	0.55
MR151396	0	-90	85	90	5	25.91	27.43	1.52	0.019	0.65
			185	215	30	56.39	65.53	9.14	0.038	1.29
			250	255	5	76.20	77.72	1.52	0.018	0.62
			355	360	5	108.20	109.73	1.52	0.167	5.73
			405	415	10	123.44	126.49	3.05	0.040	1.35
			470	485	15	143.26	147.83	4.57	0.017	0.57
MR151397	0	-90	240	250	10	73.15	76.20	3.05	0.013	0.45
			295	300	5	89.92	91.44	1.52	0.021	0.72
MR151398	273	-65	65	75	10	19.81	22.86	3.05	0.025	0.86
			210	230	20	64.01	70.10	6.10	0.076	2.60
MR151399	0	-90	90	100	10	27.43	30.48	3.05	0.022	0.75
			185	190	5	56.39	57.91	1.52	0.015	0.51
			225	235	10	68.58	71.63	3.05	0.025	0.84
			245	250	5	74.68	76.20	1.52	0.033	1.13
			265	270	5	80.77	82.30	1.52	0.016	0.55
			275	280	5	83.82	85.34	1.52	0.050	1.71
			305	335	30	92.96	102.11	9.14	0.070	2.39
			350	385	35	106.68	117.35	10.67	0.017	0.59
MR151400	270	-65	245	250	5	74.68	76.20	1.52	0.020	0.69
			430	450	20	131.06	137.16	6.10	0.016	0.55
			485	490	5	147.83	149.35	1.52	0.017	0.58
MR151401	0	-90	330	335	5	100.58	102.11	1.52	0.012	0.41
MR151402	0	-90	180	190	10	54.86	57.91	3.05	0.037	1.27
			205	215	10	62.48	65.53	3.05	0.056	1.92
MR151403	270	-75	285	295	10	86.87	89.92	3.05	0.035	1.18
			405	420	15	123.44	128.02	4.57	0.020	0.69
			455	460	5	138.68	140.21	1.52	0.017	0.58
MR151404	270	-70	175	180	5	53.34	54.86	1.52	0.015	0.51
			335	350	15	102.11	106.68	4.57	0.043	1.47
			380	385	5	115.82	117.35	1.52	0.027	0.93
			405	415	10	123.44	126.49	3.05	0.019	0.65
			475	480	5	144.78	146.30	1.52	0.020	0.69
MR151406	0	-90	105	110	5	32.00	33.53	1.52	0.017	0.58
			110	120	10	33.53	36.58	3.05	0.017	0.57
			145	150	5	44.20	45.72	1.52	0.015	0.51
			180	185	5	54.86	56.39	1.52	0.015	0.51
			245	250	5	74.68	76.20	1.52	0.017	0.58
MR151407	0	-90	150	160	10	45.72	48.77	3.05	0.052	1.77
MR151408	0	-90	100	110	10	30.48	33.53	3.05	0.231	7.90
			285	290	5	86.87	88.39	1.52	0.025	0.86
MR151409	0	-90	115	120	5	35.05	36.58	1.52	0.015	0.51
			250	255	5	76.20	77.72	1.52	0.015	0.51
MR151410	0	-90	125	130	5	38.10	39.62	1.52	0.028	0.96
			235	270	35	71.63	82.30	10.67	0.042	1.45
			285	310	25	86.87	94.49	7.62	0.046	1.59
			315	320	5	96.01	97.54	1.52	0.015	0.51
			340	350	10	103.63	106.68	3.05	0.018	0.62
MR151441	270	-65	295	315	20	89.92	96.01	6.10	0.053	1.82
MR151442	0	-90	80	90	10	24.38	27.43	3.05	0.049	1.66
			140	150	10	42.67	45.72	3.05	0.024	0.81
			185	190	5	56.39	57.91	1.52	0.041	1.41
			200	205	5	60.96	62.48	1.52	0.019	0.65
			230	235	5	70.10	71.63	1.52	1.699	58.25

All holes presented in Table 1 were completed by reverse circulation (RC) drilling. True width is estimated at 90-100% of downhole width. Analytical results were performed by American Assay Laboratory Inc. in Sparks, Nevada, 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 available at: MR QAQC.

About Scorpio Gold

Scorpio Gold holds a 70% interest in the producing Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Waterton Global Value L.P. (30%), and Scorpio Gold is currently entitled to receive 80% of cash flow generated. Mineral Ridge is a conventional open pit mining and heap leach processing operation. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages. Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground mine and 400 ton per day mill facility. The Company has completed its 2015 underground drilling program at Goldwedge and is processing high-grade Mineral Ridge ore at the Goldwedge plant on an as needed basis.

Scorpio Gold's President & CEO, 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.

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Peter J. Hawley,
President & CEO

For further information contact:
Peter J. Hawley, CEO
Tel: (819) 825-7618
Email: phawley@scorpiogold.com

Website: www.scorpiogold.com

Neither 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.

The 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, development and exploitation of its Mineral Ridge project, including potential further exploration or development of the Bluelite deposit, any potential expansion of the current pit shell outline thereof, and any potential increase in the mineral reserve and resource estimate in respect thereof. 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 risks involved in mineral exploration and development programs, risks involved in mineral reserve and resource estimation and those risk factors outlined in the Company's Management Discussion and Analysis 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 thereof.

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