Scorpio Gold Announces Changes in Management

TSXV:SGN

Unit 1–15782 Marine Drive

White Rock, BC, V4B 1E6

T: (604) 536-2711

www.scorpiogold.com

News Release No. 331

Scorpio Gold Announces Changes in Management

Vancouver, June 21, 2022 – Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSXV: SGN)

announces that effective June 20, 2022, Alnesh Mohan of Quantum Advisory Partners LLP (“Quantum”),

has been appointed as Chief Financial Officer of the Company.

Alnesh Mohan is a finance executive with over 20 years of experience providing advisory services to a

wide array of clients. He has been a partner at Quantum, a professional services firm focused on providing

Chief Financial Officer and full -cycle accounting services to private and public companies, since 2005.

Acting on behalf of several public companies, Alnesh has acquired considerable experience in financial

reporting, corporate governance and regulatory compliance. He holds a Bachelor of Business

Administration from Simon Fraser University and is a Chartered Professional Accountant (CPA, CA).

About Scorpio Gold

Scorpio Gold holds a 100% interest in the consolidated Manhattan District in Nevada comprising the

advanced exploration-stage Goldwedge property in Manhattan, Nevada with a fully permitted underground

mine and a 400 ton per day mill facility and a 100% int erest of the Manhattan Property situated adjacent

and proximal to the Goldwedge property.

Scorpio Gold also holds 100% interest in the Mineral Ridge gold project located in Esmeralda County,

Nevada.

ON BEHALF OF THE BOARD

SCORPIO GOLD CORPORATION

Chris Zerga,

CEO & Director

For further information contact:

Chris Zerga, CEO & President

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.