Scorpio Gold Announces $8 Million Private Placement with Sole Orders from Ross Beaty and Eric Sprott

August 29, 2025 – Vancouver, British Columbia – Scorpio Gold Corporation (TSX-V: SGN, OTCQB: SRCRF, FSE: RY9) (“Scorpio” or the “Company”) is pleased to announce a non-brokered private placement financing (the “Offering”) of up to 32,000,000 common shares at a price of $0.25 per share to raise gross proceeds of up to $8,000,000.