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Scorpio Gold Retains Market Making Services

Marketing Announcement

TSXV:SGN

Unit 1–15782 Marine Drive

White Rock, BC, V4B 1E6

T: (604) 536-2711

www.scorpiogold.com

News Release No. 308

Scorpio Gold Retains Market Making Services

Vancouver, April 30, 2021 – Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX-V: SGN)

has, subject to regulatory approval, retained Independent Trading Group (ITG) Inc. (“ITG”) to provide

market-making service and to aid in maintaining an orderly trading market f or the common shares of the

Company effective May 1, 2021.

The market -making service will be undertaken by ITG, a registered broker in compliance with the

applicable policies of the TSX Venture Exchange and other applicable laws. For its services, Scorpio Gold

has agreed to pay ITG $5,000 per month. Scorpio Gold and ITG act at arm's length, and ITG has no present

interest, directly or indirectly, in Scorpio Gold or its securities. There are no performance factors contained

in the agreement between ITG and the Company and ITG will not receive any shares or options from the

Company as compensation for services it will render.

About Independent Trading Group (ITG) Inc.

Independent Trading Group specializes in market maintenance services and has been providing its market

maintenance services to companies ranging from TSXV listed companies to certain of Canada’s largest

publicly traded companies for over 20 years. Independent Trading Group is a member of the Investment

Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF), and is a

member of all Canadian Stock Exchanges and Alternative Trading Systems. For further information on

ITG, please contact (416) 583-5987 or [email protected].

ON BEHALF OF THE BOARD

SCORPIO GOLD CORPORATION

Brian Lock,

Chief Executive Officer

Brian Lock

Tel: (604) 889-2543

Email: [email protected]

Anthony Simone

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.