Scorpio Gold Announces New Director

TSX-V:SGN

News Release No. 27 November 29, 2010

Scorpio Gold Announces New Director

Vancouver, November 29, 2010 - Scorpio Gold Corporation (the “Company”) (TSX-V: SGN) announces the addition of Lisa Riley to the Board of Directors.

Lisa Riley, B.A. (Hons), began her career in finance in 1993 as an equity research analyst with Santander Investment in Argentina. In 1997, she joined Lehman Brothers in New York as a Vice President and equity research analyst for Latin American financial institutions. In 2001, Lisa joined the Canadian equity sales division for RBC in London, England, focussing on natural resource stocks. In 2004, she joined TD Securities in London as a Vice President and Director in Equity Sales. In May 2005, Lisa became an independent consultant for mining companies, advising on financing strategies, government relations, and mergers and acquisitions.

ON BEHALF OF THE BOARD SCORPIO GOLD CORPORATION

Peter J. Hawley, Chief Executive Officer and Director

For further information contact:

Jag Sandhu, JNS Capital Corp. Tel: (604) 306-1950 Email: [email protected]

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.

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