Scorpio Gold Closes $8 million Private Placement

Scorpio Gold Corporation is pleased to announce that it has closed a non-brokered private placement through the issuance of  32,000,000 common shares of the Company at a price of $0.25 per Share, for gross proceeds of $8,000,000.

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”).