Scorpio Gold Receives Debt Extension
TSX -V: SGN
206-595 Howe St.
Vancouver, British Columbia
Canada, V6C 2T5
Tel: (604) 678-9639
www.scor piog old .com
News Release No. 265
Scorpio Gold Receives Debt Extension
Vancouver, December 13, 2018 - Scorpio Gold Corporation (“Scorp io Gold” or the “Company”) (TSX-
V: SGN) announces that the forebearance agreement on it s $6 million debt originaly expiring on
December 19, 2018 was extended to January 31, 2019.
The Company is currently evaluating various business altern atives including a potential sale transaction,
business combination, refinancing its long-term debt, raisi ng financing through an equity financing or
through other types of financing.
About Scorpio Gold
Scorpio Gold holds a 70% interest in the producing Mineral Ri dge gold mining operation located in
Esmeralda County, Nevada with joint venture partner Elevon , LLC (30%). Mineral Ridge is a
conventional open pit mining and heap leach operation. Mining at Mineral Ridge was suspended in
November 2017; however, the Company continues to generate limited revenues from residual but
diminishing recoveries from the leach pads. Scorpio Gold als o holds a 100% interest in the advanced
exploration-stage Goldwedge property in Manhattan, Nevad a 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.
ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION
Brian Lock,
Interim CEO
For further information contact:
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-l ooking statements. This news release contains forward-lo oking
statements that are based on the Company’s current expe ctations and estimates. Forward-looking statements are f requently
characterized by words such as “plan”, “expect”, “projec t”, “intend”, “believe”, “anticipate”, “estimate”, “s uggest”, “indicate”
and other similar words or statements that certain event s or conditions “may” or “will” occur, and include, without r estriction,
any statements regarding a potential sale transaction , a business combination, refinancing of its long-term debt and equity or
other types of financing. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that
could cause actual events or results to differ material ly from estimated or anticipated events or results i mplied or expressed in
such forward-looking statements, including risk factors outlined in the Company’s Management Discussion and Analysis as filed
on SEDAR. Any forward-looking statement speaks only as o f the date on which it is made and, except as may be requir ed by
applicable 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 ot herwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof.