Scorpio GOLD Drills 2.05 G/T GOLD over 97.99 Metres from 64.16 Metres at the Goldwedge Target at Manhattan
TSXV: SGN
#750-1095 W. Pender St.
Vancouver, BC V6E2M6
WWW.SCORPIOGOLD.COM
SCORPIO GOLD DRILLS 2.05 G/T GOLD OVER 97.99 METRES FROM 64.16
METRES AT THE GOLDWEDGE TARGET AT MANHATTAN
Highlights
• Hole 26MN-090 returned, along the Zanzibar Trend:
o 0.91 g/t gold over 20.63 metres (“m”) from 74.38 m and 16.47 g/t gold over 2.35 m from
143.41 m within the Gold Hill Formation.
• Hole 26MN-099 returned, along the Zanzibar Trend:
o 0.88 g/t gold over 18.59 m from 98.76 m at the Zanzibar-Gold Hill Formation stratigraphic
contact, including 1.28 g/t gold over 9.45 m from 101.19 m.
o 2.10 g/t gold over 16.15 m from 126.95 m within Gold Hill Formation fault breccia, including 2.91
g/t gold over 10.27 m from 128.32 m.
• Hole 26MN-101 returned, at Goldwedge:
o 1.60 g/t gold over 33.53 m from 6.70 m within the Zanzibar Formation, including 7.11 g/t gold
over 5.18 m from 33.83 m.
• Hole 26MN-104 returned, along the Zanzibar Trend:
o 35.23 g/t gold over 1.01 m from 139.26 m within the Gold Hill Formation.
• Hole 26MN-110 returned, at Goldwedge:
o 2.05 g/t gold over 97.99 m from 64.16 m within the Gold Hill Formation, including; 18.19 g/t
gold over 3.17 m from 85.95 m, 11.41 g/t gold over 4.57 m from 127.1 m, and 8.98 g/t gold
over 7.32 m from 144.01 m. Also, within the Gold Hill Formation, 1.75 g/t gold over 14.63 m
from 180.44 m.
July 14, 2026 - Vancouver, British Columbia – Scorpio Gold Corp. (TSX-V: SGN, OTCQB: SRCRF, FSE:
RY9) (“Scorpio Gold”, or the “Company”) is pleased to announce results from eighteen step-out holes of the
Phase Two drill program at the Manhattan District Project (“Manhattan”), Nevada, USA: 26MN-087, 26MN-090,
26MN-093 through 26MN -095, 26MN-097 through 26MN -108, and 26MN -110, see Figure 1. The results are
tabulated in Table 1 and discussed below. Scorpio Gold has drilled 102 drill holes to date from its Phase Two
diamond drilling program, 25MN -011 through 25MN -045, 26MN-046 through 26MN -112, for a grand total of
28,939 m. With the results herein, Scorpio Gold has reported assays on 99 of these (25MN-011 through 25MN-
045, 26MN-046 through 26MN-108, and 26MN-110, totalling 27,793 m, and assays are pending from 3 holes
(26MN-109, 26MN-111 and 26MN-112), totalling 1,146 m. The pending results will be reported as they become
available.
In addition to the Phase Two drill program, the Company is reviewing historic core that is available at Manhattan
and analyzing any historic core and pulps for silver. This new silver data from historic materials is supplementary
to silver data that has been collecting since 2024 on new core drilled by the Company. Silver, or a gold equivalent,
has not been used or included in any results to date. Results from drill hole GWUG -11-11 are also included in
Table 1 and discussed below. Any new significant results from historic core or pulps will be reported as they
become available.
"Manhattan continues to deliver high- grade gold with remarkable consistency, and these results deepen our
understanding of why. The 97.99 metre intercept grading 2.05 g/t gold in hole 26MN -110 demonstrates that
Goldwedge hosts broad, continuous zones of mineralization punctuated by high- grade intervals. The
combination of structural and stratigraphic intersection at Goldwedge is providing the kind of grade-and-thickness
combination that drives meaningful resource growth at Manhattan.
Along the Zanzibar Trend, mineralization is also proving to be strongly controlled by stratigraphy and structure,
with high -grade gold recurring at the Zanzibar -Gold Hill contact and within fault breccias hosting multiple
generations of epithermal veining — hallmarks of a large, long-lived gold system. Importantly, these step-outs
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tested within and beyond the boundaries of our maiden resource, so every new intercept is either adding new
mineralization or upgrading material outside the current block model. We have also begun analyzing multi -
element ICP data received to date, which include silver values. Silver was historically produced alongside gold
in the Manhattan District, and we see the potential for silver to be incorporated into future resource estimates —
adding a byproduct dimension that our maiden resource did not capture. With 99 of 102 Phase Two holes now
reported and the system open in multiple directions, Manhattan keeps reinforcing its district-scale potential," said
Harrison Pokrandt, VP Exploration for Scorpio Gold.
Figure 1. Surface Plan Map of drill holes. Map Inset areas shown in Figures 2 and 3.
Zanzibar Trend: Drill holes 26MN-087, 26MN-090, 26MN-093, 26MN-094, 26MN-097, 26MN-099, and 26MN-
104 are all approximately 50 m step-outs along the Zanzibar Trend. Hole 90 had two substantial zones, 0.91g/t
over 20.6m and 16.47 g/t over 2.35m. These add to the significant mineralization recently encountered
along the Zanzibar Trend, including:
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• 3.14 g/t gold over 49.62 m from 59.95 m (25MN-044)
• 0.66 g/t gold over 57.64 m from 29.59 m (25MN-045)
• 2.10 g/t gold over 22.25 m from 34.14 m (26MN-063)
• 2.74 g/t gold over 16.49 m from 45.45 m (26MN-066)
• 10.40 g/t gold over 5.67 m from 34.29 m (26MN-067)
• 1.94 g/t gold over 17.07 m from 55.47 m (26MN-067)
• 12.78 g/t gold over 5.91 m from 134.51 m (26MN-067)
• 0.69 g/t gold over 23.23 m from 4.05 m (26MN-070)
• 2.68 g/t gold over 11.34 m from 0.76 m (26MN-071)
• 2.77 g/t gold over 12.68 m from 58.64 m (26MN-080)
• 5.19 g/t gold over 6.55 m from 62.03 m (26MN-080)
Goldwedge: Drill holes 26MN-095, 26MN-098, 26MN-100, 26MN-101, 26MN-103, 26MN-105, 26MN-106,
26MN-107, 26MN-108, and 26MN -110 are all approximately 50 m step- outs, both laterally and at depth, at
Goldwedge. Recent drilling at Goldwedge, including the results within, has demonstrated consistently strong
mineralization:
• 0.59 g/t gold over 49.23 m from 31.69 m (26MN-048)
• 11.84 g/t gold over 8.39 m from 106.21 m (26MN-075)
• 1.27 g/t gold over 45.23 m from 137.95 m (26MN-086)
• 1.17 g/t gold over 21.58 m from 111.71 m (26MN-089)
• 0.62 g/t gold over 16.28 m from 137.03 m (26MN-089)
• 2.04 g/t gold over 11.83 m from 115.67 m (26MN-091)
• 0.68 g/t gold over 25.02 m from 142.04 m (26MN-091)
• 4.43 g/t gold over 5.18 m from 172.21 m (26MN-091)
• 6.95 g/t gold over 11.98 m from 242.99 m (26MN-091)
Black Mammoth: Drill hole 26MN-102 is a 50 m step-out to the east of drill hole 26MN-096. Black Mammoth is
a ~200-250 m step-out from Goldwedge. Significant mineralization at Black Mammoth, including the results
within, includes:
• 0.75 g/t gold over 24.69 m from 230.12 m (26MN-053)
• 1.02 g/t gold over 40.23 m from 195.69 m (26MN-057)
• 0.99 g/t gold over 41.45 m from 195.68 m (26MN-057)
• 0.78 g/t gold over 12.92 m from 293.71 m (26MN-057)
• 0.62 g/t gold over 62.21 m from 230.43 m (26MN-069)
• 6.04 g/t gold over 4.86 m from 308.23 m (26MN-072)
• 0.91 g/t gold over 15.79 m from 368.65 m (26MN-072)
• 0.58 g/t gold over 18.04 m from 311.05 m (26MN-078)
• 0.57 g/t gold over 17.98 m from 157.28 m (26MN-092)
• 0.83 g/t gold over 18.01 m from 277.68 m (26MN-092)
• 8.10 g/t gold over 1.52 m from 450.35 m (26MN-092)
• 2.56 g/t gold over 13.38 m from 293.28 m (26MN-096)
Further to the 2026 drilling results, historic drill hole GWUG-11-11, was relogged and sampled and returned 8.59
g/t gold over 6.1 m from 9.75 m. This new result addresses gaps found in the Manhattan database compilation.
This drill hole was drilled underground at Goldwedge in 2011.
All 2026 drill holes tested within and beyond the Inferred Resource Constraining Pit (“IRCP”), targeting new
mineralization outside of the 2025 MRE block model, see Figures 5 and 7. For further details see “Mineral
Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada” with an effective
date of June 4, 2025, on Scorpio Gold’s website at https://wp-scorpiogold-2025.s3.ca-central-
1.amazonaws.com/media/2025/10/SGN_Manhattan_Mineral_Resource_Estimate_-_Amended_43-101.pdf.
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Figure 2. Inset Surface Plan Map of Zanzibar Trend Target Area, with drill hole traces projected to
surface and result highlights noted.
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Figure 3. Inset Surface Plan Map of Goldwedge Target Area, with drill hole traces projected to surface
and result highlights noted.
Drill Hole ID Target
Azimuth / Dip From (m) To (m) Intercept¹ (m) Gold (g/t)
26MN-087 Zanzibar Trend 30.63 41.45 10.82 0.40
354 m 037° / -45° 222.78 225.16 2.38 1.19
321.48 329.37 7.89 0.56
26MN-090 Zanzibar Trend 74.38 95.01 20.63 0.91
330 m 026° / -45° 143.41 145.76 2.35 16.47
156.18 168.68 12.50 0.29
288.13 297.27 9.14 0.81
26MN-093 Zanzibar Trend 67.97 85.07 17.10 0.41
138 m 000° / -60° 107.29 123.60 16.31 0.34
26MN-094
144 m
Zanzibar Trend
035° / -45°
29.65 35.17 5.52 0.19
26MN-095 Goldwedge 6.40 37.64 31.24 0.29
107 m 004° / -45° 40.85 52.43 11.58 0.20
64.06 73.30 9.24 0.30
26MN-097
168 m
Zanzibar Trend
045° / -62°
106.16 118.14 11.98 0.36
26MN-098 Goldwedge 4.42 9.75 5.33 0.28
108 m 041° / -80° 13.47 33.22 19.75 0.19
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Drill Hole ID Target
Azimuth / Dip From (m) To (m) Intercept¹ (m) Gold (g/t)
104.51 108.20 3.69 0.47
26MN-099 Zanzibar Trend 63.52 75.13 11.61 0.77
323 m 252° / -45° 89.31 95.71 6.40 0.40
98.76 117.35 18.59 0.88
including 101.19 110.64 9.45 1.28
126.95 143.10 16.15 2.10
including 128.32 138.59 10.27 2.91
228.78 242.86 14.08 0.18
26MN-100
65 m
Goldwedge
060° / -45°
3.66 35.08 31.42 0.21
26MN-101 Goldwedge 6.70 40.23 33.53 1.60
116 m 050° / -45°
including 33.83 39.01 5.18 7.11
46.94 54.32 7.38 1.82
including 51.67 54.32 2.65 3.89
61.27 70.29 9.02 0.65
including 63.22 64.01 0.79 3.76
85.04 89.89 4.85 1.72
including 85.04 88.61 3.57 2.23
26MN-102
512 m
Black Mammoth
205° / -45°
398.83 402.58 3.75 0.44
26MN-103 Goldwedge 19.82 28.35 8.53 0.41
81 m 043° / -73° 33.14 44.81 11.67 0.22
26MN-104 Zanzibar Trend 99.97 102.29 2.32 2.04
385 m 150° / -45° 110.95 115.46 4.51 1.75
139.26 140.27 1.01 35.23
294.59 295.90 1.31 1.35
26MN-105 Goldwedge 12.65 39.32 26.67 0.23
68 m 080° / -45°
including 25.76 39.32 13.56 0.31
26MN-106
68 m
Goldwedge
130° / -45°
13.41 17.37 3.96 0.23
26MN-107 Goldwedge 49.38 70.41 21.03 0.31
429 m 031° / -49° 77.57 81.84 4.27 0.32
146.61 162.92 16.31 0.44
26MN-108 Goldwedge 22.55 43.89 21.34 0.15
82 m 145° / -80° 54.53 60.05 5.52 0.34
65.07 78.30 13.23 0.52
26MN-110 Goldwedge 12.80 24.99 12.19 0.20
330 m 020° / -52° 64.16 162.15 97.99 2.05
including 85.95 89.12 3.17 18.19
including 127.10 131.67 4.57 11.41
including 144.01 151.33 7.32 8.98
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Drill Hole ID Target
Azimuth / Dip From (m) To (m) Intercept¹ (m) Gold (g/t)
180.44 195.07 14.63 1.75
including 192.63 195.07 2.44 6.80
GWUG-11-11 Goldwedge 9.75 15.85 6.10 8.59
83 m 229° / -56°
including 12.81 14.33 1.52 33.13
¹ Intervals contain no more than 3 continuous metres grading less than 0.1 g/t gold.
Table 1. Results from the current batch of drill holes. Note: There is insufficient geological information to
estimate a true width for the drill intercepts reported.
Zanzibar Trend Results:
26MN-087: This drill hole contains three significant intervals hosted within Cambrian Gold Hill Formation
brecciated fine grained clastic meta-sediments. The first interval of 0.40 g/t gold over 10.82 m from 30.63 m is
oxidized and brecciated. The second interval of 1.19 g/t gold over 2.38 m from 222.78 m is comprised of a re-
lithified breccia. The last interval of 0.56 g/t gold over 7.89 m from 321.48 m is a breccia with obvious evidence
of faulting. The later interval ends in Oligocene Round Rock Formation (“Manhattan Caldera”) ash and lapilli
tuff volcanic units, from 328.54 m to 329.37 m. The different breccias suggest multiple mineralization events.
26MN-090: This drill hole contains four significant intervals hosted within Cambrian Gold Hill Formation fine
grained carbonate and clastic meta-sediments, including breccia and marble. The first interval of 0.91 g/t gold
over 20.63 m from 74.38 m sits directly below a large, oxidized fault (~73 m) and is largely oxidized and
broken muds and limestones. The second interval of 16.47 g/t gold over 2.35 m from 143.41 m contains a
near-parallel to core axis quartz-calcite vein and is constrained to a limestone bed with strong alteration above
the interval. The third and fourth intervals of 0.29 g/t gold over 12.5 m from 156.18 m and 0.81 g/t gold over
9.14 m from 288.13 m are within brecciated meta-mud and siltstones. See cross-section A to A’ (Figure 5).
26MN-093: This drill hole contains two significant intervals hosted within Ordovician Zanzibar Formation
limestones and carbonaceous muds. The first interval of 0.41 g/t gold over 17.1 m from 67.97 m is within re-
lithified brecciated muddy limestone. The last interval of 0.34 g/t gold over 16.31 m from 107.29 m is within
broken, vein filled, brecciated and oxidized limestone. This interval sits directly above sheared carbonaceous
mudstone (starting at 123.60 m), which sits above Manhattan Caldera volcanics (at 131.98 m). The different
breccias suggest multiple mineralization events.
26MN-094: This drill hole contains one significant interval within the Ordovician Zanzibar Formation. The
interval of 0.19 g/t gold over 5.52 m from 29.65 m is within bedded, vein filled limestone. This interval sits
directly above a massive sheared carbonaceous mudstone (starting at 35.17 m).
26MN-097: This drill hole contains one significant interval that extends through the stratigraphic contact
between the Ordovician Zanzibar and Cambrian Gold Hill Formations. The interval of 0.36 g/t gold over 11.98
m from 106.16 m is within Zanzibar Formation limestone and continues into Gold Hill Formation meta-
mudstones at 112.68 m. The start of this interval is strongly oxidized and veined.
26M
N-099: This drill hole contains two intervals within the Ordovician Zanzibar Formation. The first sits directly
below the Manhattan Caldera volcanics contact, 0.77 g/t gold over 11.61 m from 63.52, within limestone and
carbonaceous mudstones. The second Zanzibar Formation interval of 0.40 g/t gold over 6.4 m from 89.31 m is
hosted withing strongly epithermal veined, bedded, limestone. One significant interval extends through the
1383-1763-9454, v. 1
stratigraphic contact (at 103.33 m) between the Ordovician Zanzibar and Cambrian Gold Hill Formations, of
0.88 g/t gold over 18.59 m from 98.76 m, including 1.28 g/t gold over 9.45 m from 101.19 m. Two significant
intervals are hosted entirely within the Cambrian Gold Hill Formation. The first interval of 2.10 g/t gold over
16.15 m from 126.95 m, including 2.91 g/t gold over 10.27 m from 128.32 m (see Figure 4), is hosted within a
re-lithified breccia of fine-grained clastic meta-sediments, and sits directly above a marble bed. The last
interval of 0.18 g/t gold over 14.08 m from 228.78 m sits directly above the Brougher Fault, and a marble bed,
within fine grained clastic meta-sediments. See cross-section A to A’ (Figure 5).
26MN-104: This drill hole contains four intervals within Cambrian Gold Hill Formation fine grained clastic meta-
sediments. The first interval of 2.04 g/t gold over 2.32 m from 99.97 m sits directly above a marble bed with a
gouge fault contact. The final three intervals of 1.75 g/t gold over 4.51 m from 110.95 m, 35.23 g/t gold over
1.01 m from 139.26 m, and 1.35 g/t gold over 1.31 m from 294.59 m contain strong epithermal vein textures
throughout.