Scorpio Gold's Rehab of the Mineral Ridge Pregnant/Barren Pond Facility Reveals High-Grade Gold Values

Vancouver, July 8, 2010 - Scorpio Gold Corporation (TSX-V: SGN) is pleased to announce initial sample results of material contained within the pregnant/barren solution ponds at the Mineral Ridge gold deposit leach facility, Nevada.

Peter J. Hawley, CEO, Director, reports, “While de-watering the pregnant and barren ponds for inspection and testing of the pond liners, company representatives were quite surprised to see that the barren pond design did not include a carbon fines pond. Typical pond design would include a settling pond for carbon fines created from attrition of the loaded carbons in the carbon adsorption circuit. Sampling of the barren pond sludge has returned significant results (Table 1).”

Since the initial collection of these samples, water levels have been lowered and the gold-bearing sludge in the barren pond is estimated to range from 9 to 12 inches deep. The pregnant pond material averages 3 feet in depth and looks to be material from the heap leach pad that was allowed to wash into the pregnant pond. This material will be pumped into a “geotube” fabric tube and utilized as a berm in the barren pond to create a settling pond for future carbon fines segregation. Numerous samples have been taken from both ponds with the results listed in Table 1.

The company is in the process of contacting companies experienced with this type of carbonaceous material for the potential processing and recovery of the precious metals. At this time it is unknown if it will be economic to process the sludge material.

Table 1. Pregnant Pond/Barren Pond Assay Results

1. Composite of north end, center and south end samples from pregnant pond.
2. Composite of north end, center and south end samples from barren pond.
3. Re-sampled composite from barren pond.

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.

For additional information please see the Company's website at: www.scorpiogold.com.

CEO, Mr. Peter J. Hawley, PGeo, is the Company's Qualified Person for the various Company projects. Mr. Hawley is responsible for the current exploration and development programs and has reviewed the content of this release.

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Peter J. Hawley,
Chief Executive Officer and Director

For further information contact:
Jag Sandhu, JNS Capital Corp. Tel : (604) 306-1950
Email: jagsandhu@telus.net