Scorpio Gold Reports AGM Results

TSX-V: SGN

506 - 595 Howe Street

Vancouver, British Columbia

V6C 2T5

T: 604-678-9639

www.scorpiogold.com

News Release No. 268

Scorpio Gold Reports AGM Results

Vancouver, March 4, 2019 - Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX-V: SGN)

reports the re-election of Peter J. Hawley, Brian Lo ck, Luc Pelchat and Peter Brieger and the election of

Peter Tegart as directors of the Company at Scorpio Gold’s annual and special meeting of shareholders held

on February 27, 2019 in Vancouver, Britsh Columbia (the “Me eting”). At the Meeting, the Company’s

shareholders also approved the renewal of the Company’s 10% rolling stock option plan, the re-appointment

of Davidson & Company LLP as auditors of the Company and the consolidation of the Company’s issued

and outstanding common shares on a 2:1 basis, all as set out in the Company’s information circular dated

January 30, 2019.

About Scorpio Gold Corporation

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 Miner al 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 also holds a 100% interest in the advanced exploration-stage Goldwedge

property 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 an d 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:

Brian Lock, Director and Interim Chief Executive Officer

Tel: (604) 889-2543

Email: [email protected] or [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.