Scorpio Gold Completes Sale of Mineral Ridge Project

August 25, 2025 – Vancouver, British Columbia – Scorpio Gold Corporation (TSX-V: SGN, OTCQB: SRCRF, FSE: RY9) (“Scorpio Gold”, or the “Company”) is pleased to announce that its wholly-owned subsidiary, Scorpio Gold (US) Corporation (“Scorpio US”), has completed its sale of Mineral Ridge Gold, LLC (“MRG”), a wholly-owned subsidiary of Scorpio US, to an arm’s length third party (the “Purchaser”).
Scorpio Gold Drills 1.24 Grams Per Tonne Gold Over 92.81 Metres at the Manhattan District, Nevada

August 25, 2025 – Vancouver, British Columbia – Scorpio Gold Corp. (TSX-V: SGN, OTCQB: SRCRF, FSE: RY9) (“Scorpio Gold”, or the “Company”) is pleased to announce the first results from Phase One of its 2025 drilling program at the Manhattan District Project (“Manhattan”), Nevada, USA.
Scorpio Gold Agrees to Sell Mineral Ridge Project for US$7.5M
The completion of the Transaction is subject to customary closing conditions, including, without limitation, regulatory approvals, including the approval of the TSX Venture Exchange (“TSXV”).
Scorpio Gold Commences 2025 Drilling at the Manhattan District and Plans Initial Resource Estimate

Scorpio Gold Corporation is pleased to announce a Phase One diamond drill program totalling 3,400 metres (“m”) in 12 holes at the 100% owned Manhattan District (“Manhattan”) located in Nevada, USA.
Scorpio Gold Announces Completion of $5.4 Million First Tranche of Financing and Upsize of Total Financing to Over $7 Million

Scorpio Gold Corporation (TSX-V: SGN, OTCQB: SRCRF, FSE: RY9) (“Scorpio” or the “Company”) is pleased to announce that it has closed a first tranche (the “First Tranche”) of its previously announced financing (the “Financing”) through the issuance of 67,082,355 common shares (the “Shares”) at a price of $0.08 per Share, for gross proceeds of $5,366,588, and that it intends to increase (the “Upsize”) the total size of the Financing from $6 million to up to $7.05 million.
Scorpio Gold Announces Plan to Close Over-Subscribed First Tranche of Private Placement for Over $5.4 million

Scorpio Gold Corporation intends to close an over-subscribed first tranche of its previously announced $3.5 million non-brokered private placement for gross proceeds of $5,436,588.
Scorpio Gold Announces $3.5 Million Private Placement

Scorpio Gold Corporation intends to complete a non-brokered private placement (the “Offering”) for total proceeds of $3,500,000, consisting of up to 43,750,000 common shares (“Shares”) of the Company at a price of $0.08 per Share.
Scorpio Gold Provides 2024 Summary to Shareholders

Including Q1 2025 Catalysts with Imminent Maiden Resource for the Manhattan District
Scorpio Announces Appointment of Jeff Lindstrom as VP Operations

Mr. Lindstrom will be responsible for day-to-day management of Scorpio’s two mines in the Walker Lane trend of Nevada, Manhattan and Mineral Ridge.
Scorpio Appoints Leo Hathaway as Technical Advisor, Further Strengthens Team

Leo brings extensive industry expertise and a leading reputation that will be a great addition to Scorpio Gold’s top-tier technical and management team as the Company continues to build and enhance shareholder value at the flagship Manhattan and Mineral Ridge projects.