Scorpio Gold Commences Exploration Drilling Program on Manhattan Mine, Nevada

TSXV:SGN

Unit 1–15782 Marine Drive

White Rock, BC, V4B 1E6

T: (604) 536-2711

www.scorpiogold.com

News Release No. 311

Scorpio Gold Commences Exploration Drilling Program on Manhattan Mine,

Nevada

Vancouver, June 7, 2021 – Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSXV: SGN)

is pleased to announce the commencement of a 4,800 meter surface reverse circulation drilling program

targeting high-grade mineralized zones intersected in historic drilling below the mined-out Manhattan East

and West pits as well as investigate the continuity of mineralization extending northward from the West Pit

toward the Goldwedge underground workings on the ne wly acquired Kinross Manhatta n Property in

Manhattan, Nevada. The drilling program commenced on the 1st of June with a total of 236 m of RC drilling

completed on the first hole. The drill hole on section will target the down dip extension toward SW dip

direction below the current mine d-out pit shell. The rig has been moved to the second drill location sited

the southwestern edge of the West Pit and drilling is in progress.

Scorpio Gold controls 6,071 acres (2,457 hectares) around the Company’s 100% owned Goldwedge

facility, providing the opportunity to expand surface operations and the potential for expanding

underground mining and exploration. The acquisition of the Manhattan project consolidates a large land

position along the Reliance Structural Trend, which has significant exploration potential for high- grade

gold targets.

Figure 1: View of Boart Longyear RC drill rig setup at the first drill location.

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Boart Longyear is the drill contractor undertaking the current drill program.

A total of 217 samples including 8% QAQC samples have been submitted to laboratory for analysis by fire

assay with AAS finish. Initial preliminary assay results for these samples are expected to be received by

the end of the following work we ek. 5% of the total planned 4, 800 meters of RC drilling have been

completed to date.

About Scorpio Gold

Scorpio Gold now 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% interest of the Manhattan Property situated adjacent

and proximal to the Goldwedge property.

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

The technical information contained within this release has been reviewed and approved by independent

geological consultant, Mohan R Vulimiri, M.Sc., P.Geo., a Qualified Person as defined by NI 43-101.

ON BEHALF OF THE BOARD

SCORPIO GOLD CORPORATION

Brian Lock,

CEO & Director

For further information contact:

Brian Lock, CEO

Tel: (604) 889-2543

Email: [email protected]

Diane Zerga, General Manager

Tel: (775) 401-1637

Email: [email protected]

Anthony Simone, Investor Relations

Tel: (416) 881-5154

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 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”, “inte nd”, “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 of its Gold Wedge project. 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 e xpressed 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 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

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new information, future events or results or otherwise. Forward-looking statements are not a guarantee of future performance and

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