Vancouver, British Columbia--(Newsfile Corp. - September 17, 2024) - Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", "Scorpio", or the "Company") is pleased to announce that it will be participating in the upcoming Metals Investor Forum in Vancouver on Friday, September 20th and Saturday, September 21st at the JW Marriot Parq Vancouver.

CEO, Zayn Kalyan will be giving a 10-minute corporate presentation on September 20th at 10:40am PT, followed by a short Q&A. Scorpio will be presenting as part of newsletter writer, Chen Lin's panel of companies. Harrison Pokrandt, Vice President of Exploration, will also be available to meet with investors and answer questions. The conference agenda can be found here. We welcome the opportunity for attendees to reach out to management with any questions and review our updated corporate presentation, here.

The Metals Investor Forum offers the chance to connect with some of the top management teams and companies in the industry. Each company is selected and invited by the conference's participating newsletter writers to ensure exhibitors are high-caliber — vetting the management, project, commodity, jurisdiction and financials.

Registration is free so be sure to register here today.

Dates: September 20-21, 2024
Time: Friday 9am-6pm PT | Saturday 9am-2:30pm PT
Presenter: Zayn Kalyan, CEO and Director

Shares for Debt and Marketing
The Company also announces that the TSX Venture Exchange has approved two share for debt transactions and the Company has issued a total of 18,950,411 common shares to two parties, one of whom is an insider, to extinguish a total of $4,098,099 in debt. The shares are subject to a four month and one day hold period expiring January 12, 2024. There will be no new control person created as a result of these transactions.

The Company also announces that it has engaged the Mining Stock Daily Podcast ("MSD"), based in Wheat Ridge, Colorado and owned by Trevor Hall, president of Clear Creek Digital, for priority dissemination and advertising services through MSD's network. Under the terms of the services agreement (the "MSD Agreement") with MSD, the Company will pay fees of US$6,000 per month to MSD for a 12-month period. Implementation of the MSD Agreement is subject to TSX Venture Exchange approval. The Company is at arm's length to MSD.

About Scorpio Gold Corp.
Scorpio Gold holds a 100% interest in two past producing mines, the Manhattan Mine and the Mineral Ridge Mine, both located in the Walker Lane Trend of Nevada, USA. Scorpio's Manhattan District comprises the advanced exploration-stage Goldwedge Project, with a 400 ton per day gravity mill. Adjacent to Goldwedge is the 4,300-acre Manhattan Project, centered on two past-producing pits, acquired from Kinross in 2021. The consolidated Manhattan District presents an exciting late-stage exploration opportunity, with over 100,000m+ of historical drilling, with significant resource potential, alongside valuable permitting. Scorpio Gold also holds a 100% interest in the Mineral Ridge gold project located in Esmeralda County, Nevada. Scorpio produced over 222,440oz of gold at Mineral Ridge between 2010 and 2020. With a proven and probable resource, valuable permits, water rights, infrastructure, and the recently acquired adjacent North Star exploration target, Mineral Ridge has significant near-term development potential.

ON BEHALF OF THE BOARD OF SCORPIO GOLD CORPORATION

Forward-Looking Statements

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 ability to continue creating shareholder value and build on the success of historical work at the Manhattan Mine; the Company's commitment to organic growth across its portfolio of assets, with a core focus on exploration at Manhattan and development and rerate opportunities at Mineral Ridge; the Company's ability to deliver accretive and meaningful shareholder value in coming months; the Company's plan to strength its management team; the Company's plans for exploration at the North Star target; the Company's focus for 2024 and the 2024 Program, including the scope and timing thereof; the Company's plan to update the resource estimate on the Manhattan Mine; potential updates to the 2018 feasibility study on the Mineral Ridge project; the effect of the amalgamation with Altus Gold; the potential to increase the resource at Mineral Ridge and leverage its established infrastructure and permitting; the Company's upcoming participation at marketing conferences; and the engagement of Matrix and the expected services to be derived from such engagement. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. 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 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 thereof.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.