Scorpio Gold Commences Drilling at the Keystone-Jumbo Area, Goldwedge Property, Nevada

TSX -V: SGN

506-595 Howe Stret

Vancouver, BC, V6C 2T5

T: (604) 678-9639

www.scorpiogold.com

News Release No. 274

Scorpio Gold Commences Drilling at the Keystone-Jumbo Area,

Goldwedge Property, Nevada

Vancouver, June 6, 2019 – Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX-V: SGN)

is pleased to announce the commencement of drilling at it s 100% owned Goldwedge property located in

Manhattan Nevada. The drilling program will focus on the Keystone-Jumbo claim block, for which the

Company received drilling approval from the U.S. Forest Service in January 2019. The program calls for

drilling of up to 29 exploration holes with the intention of building on historic drilling and previously

reported surface sampling results (December 15, 2016 news re lease) within the Keystone-Jumbo claim

block.

Scorpio Gold intends to utilize its own Atlas Copco 262 diamond core drill rig which is capable of drilling

both NQ and HQ size core. The rig was reconditioned in 2015 b y Falcon Drilling with the intention of

allowing the Company to conduct its own surface and underground drilling on its projects. Following

training by Falcon, Company personnel will conduct NQ size oriented core drilling on the Keystone-Jumbo

drill targets. The utlilization of the Company’s drill rig is expected to reduce project drilling costs and the

training provided by Falcon should also benefit the Company on its future surface and underground drilling

projects.

Scorpio Gold’s President, Chris Zerga, comments, “We are excited to commence our first diamond drilling

program at the Keystone-Jumbo area and to utilize our o wn drill rig on this project while gaining

operational experience from Falcon personnel. This should allow the Company the ability to conduct more

cost-effective drilling at its Goldwedge and Mineral Ridge projects.”

Grant of Stock Options

The Company announces the granting of stock options (the “Opt ions”) to certain directors, officers, and

employees of the Company to purchase an aggregate of 2,500,000 common shares (the “Optioned Shares”)

of the Company at an exercise price of $0.10 per Optioned Share, expiring on the date that is 5 years from

the date of grant. The Options were issued pursuant to the terms of the Company’s stock option plan.

About Scorpio Gold Corporation

Scorpio Gold holds a 100% interest in the Mineral Ridge gold mi ning operation located in Esmeralda

County, Nevada. Mineral Ridge is a conventional open pit mining and heap leach operation. Mining at

Mineral Ridge was suspended in November 2017; however, the Company c ontinues to generate limited

revenues from residual but diminishing recoveries from the le ach pads. Scorpio Gold also holds a 100%

interest in the advanced exploration-stage Goldwedge prope rty in Manhattan, Nevada with a fully

permitted underground mine and 400 ton per day mill facility. The Goldwedge mill facility has been placed

on a care and maintenance basis and can be restarted immediately when needed.

Scorpio Gold’s Chairman, Peter J. Hawley, P.Geo., is a Qualified Person as defined in National Instrument

43-101 and has reviewed and approved the content of this release.

Scorpio Gold Corporation | 2

ON BEHALF OF THE BOARD

SCORPIO GOLD CORPORATION

Chris Zerga,

President

For further information contact:

Brian Lock, Interim CEO

Tel: (604) 889-2543

Email: [email protected]

Chris Zerga, President

Tel: (604) 678-9639

Email: [email protected]

Website: www.scorpiogold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the T SX 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”, “beli eve”, “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 of its Goldwedge project. Such forward-looking statements involve known and

unknown risks, uncertainties and other factors that could cause a ctual events or results to differ materially from es timated or

anticipated events or results implied or expressed in such forward-looking statements, including risks involved in mineral

exploration programs 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 o n which it is made and, except as may be required by appli cable

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. Forw ard-looking statements are not guarantees of future performa nce and

accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof.