Scorpio Gold Intersects 24.39 Metres Grading 5.19 g/t Gold on Brodie Zone North Extension, Mineral Ridge Project

VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Nov. 15, 2011) - Scorpio Gold Corporation (“Scorpio Gold“ or the “Company“) (TSX VENTURE: SGN) announces follow-up drill results from the Brodie Zone, located 975 metres (3,200 feet) southwest of the current mining in the Drinkwater pit at the 70% owned Mineral Ridge project, Nevada.

Peter J. Hawley, President and CEO reports, “Follow-up drilling on the Brodie Zone targeted its northwest extension and has now defined a mineralized trend over an 850 metre (2,800 foot) strike length, remaining open in both northwest and southeast directions. The trend is on strike with the Bluelite Zone located 1,370 metres (4,500 feet) to the northwest. Drill holes presented in Table 1 were collared over a spacing of 300 to 600 metres (1,000 to 2,000 feet) northwest from the historical Brodie pit. Drill hole MR11252, which intersected 24.39 metres averaging 5.19 g/t gold, was the furthest hole drilled to the northwest.“


Table 1. Brodie Zone Northwest Extension - Significant Drill Results

Hole No.  From (ft)  To(ft)  Width(ft)  From(m)  To(m) Width(m) Gold(OPT) Gold(g/t)
MR11149 	255 	270 	15 	77.74 	82.32 	4.57 	0.220 	6.23
	280 	285 	5 	85.37 	86.89 	1.52 	0.016 	0.45
	445 	450 	5 	135.67 	137.20 	1.52 	0.052 	1.47
MR11150 	0 	5 	5 	0.00 	5.00 	5.00 	0.014 	0.40
	25 	35 	10 	7.62 	10.67 	3.05 	0.019 	0.52
	210 	215 	5 	64.02 	65.55 	1.52 	0.023 	0.65
	225 	230 	5 	68.60 	70.12 	1.52 	0.014 	0.40
	240 	245 	5 	73.17 	74.70 	1.52 	0.023 	0.65
	285 	290 	5 	86.89 	88.41 	1.52 	0.020 	0.57
MR11151 	145 	150 	5 	44.21 	45.73 	1.52 	0.046 	1.30
	215 	225 	10 	65.55 	68.60 	3.05 	0.085 	2.41
	235 	240 	5 	71.65 	73.17 	1.52 	0.030 	0.85
MR11152 	445 	485 	40 	135.67 	147.87 	12.20 	0.019 	0.53
	515 	530 	15 	157.01 	161.59 	4.57 	0.017 	0.47
MR11153 	310 	320 	10 	94.51 	97.56 	3.05 	0.039 	1.11
	485 	490 	5 	147.87 	149.39 	1.52 	0.021 	0.60
MR11252 	415 	495 	80 	126.52 	150.91 	24.39 	0.183 	5.19
	415 	460 	45 	126.52 	140.24 	13.72 	0.313 	8.87

All holes presented in the above tables were completed by reverse circulation (RC) drilling. True width is estimated at ~90% downhole width. Analytical results were performed by American Assay Laboratory Inc. (AAL) in Sparks, Nevada, USA. AAL does not have ISO/IEC 17025 accreditation but implements a quality management system following ISO/IEC 17025 standards and maintains a paperwork trail for ISO/IEC 17025 accreditation. AAL participates in a number of testing and certification programs, details of which are presented in the Company's quality assurance and quality control (QA/QC) program for the Mineral Ridge project at: www.scorpiogold.com/Documents/QAQC-MR.pdf. External check assays to verify lab accuracy are routinely completed by ALS Chemex, an ISO 9001:2000 certified and ISO/IEC 17025:2005 accredited laboratory.

President & CEO, Peter J. Hawley, PGeo, is the Qualified Person for the Mineral Ridge project and has reviewed the content of this release. For additional information please see the Company's website at www.scorpiogold.com.


ON BEHALF OF THE BOARD SCORPIO GOLD CORPORATION

Peter J. Hawley
President & CEO



The Company relies on litigation protection for “forward-looking“ statements. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as “plan“, “expect“, “project“, “intend“, “believe“, “anticipate“, “estimate“, “suggest“, “indicate“ and other similar words or statements that certain events or conditions “may“ or “will“ occur, and include, without limitation, statements regarding the Company's plans with respect to the exploration and development of its Mineral Ridge project. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including those risk factors outlined in the Company's Management Discussion and Analysis for the year ended December 31, 2010 as filed on SEDAR. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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.



Contact Information

Scorpio Gold Corporation
Peter J. Hawley
President & CEO
(819) 825-7618
phawley@scorpiogold.com
www.scorpiogold.com

Torrey Hills Capital
Jim Macdonald
Investor Relations
(858) 456-7300
jm@sdthc.com