SCORPIO GOLD CORP - SRCRF STOCK NEWS

Scorpio Gold has announced the commencement of its 2024 Exploration Program at the Manhattan District in Nye County, Nevada. Phase 1 of the program involves drilling 5 initial holes, followed by 20 additional holes totaling 4,260 meters throughout 2024. The Manhattan District, known for its low-sulfidation epithermal gold deposits, will see surface diamond drilling to extend known mineralization along the Reliance Fault zone and other key structures. The goal is to produce a NI 43-101 compliant resource report later this year. The program will also include metallurgical testing using drill core samples. Additionally, the company has approved the settlement of $26,430 debt through the issuance of shares, subject to TSX Venture Exchange approval.

Scorpio Gold (TSXV: SGN, OTC Pink: SRCRF, FSE: RY9) has appointed William M. Sheriff to its Board of Directors. Mr. Sheriff, founder and Executive Chairman of enCore Energy, has over 40 years of experience in the minerals industry and has raised over $500 million in public markets. His experience includes founding Energy Metals Corp. and playing a key role in its $1.8 billion acquisition by Uranium One Corp. He brings significant expertise in uranium and gold exploration, with assets across the US and Canada. Scorpio Gold's CEO, Zayn Kalyan, welcomed Mr. Sheriff, emphasizing his valuable knowledge of Scorpio's assets. This addition follows the retirement of long-time director Peter Brieger, who has been with the company since 2013.

Scorpio Gold has engaged Daniel Kunz & Associates as technical consultants for its 2024 exploration program in the Manhattan District, Walker Lane Gold Belt, Nevada. Daniel Kunz, renowned for his international mining experience, will oversee the program, leveraging over 1,200 historic drillholes and new data to aim for a 43-101 compliant resource by year-end. Kunz's past roles include CEO positions at Ivanhoe Mines and Prime Mining, where he drove significant financial growth. Alongside Kunz, Peter Parsley, with extensive experience from Echo Bay Mines, will contribute to the project's success.

Scorpio Gold (TSXV: SGN) (OTC Pink: SRCRF) has appointed Chris Richards, a seasoned professional with over 20 years of experience in the mining industry, as its Chief Financial Officer. The company also announced amendments to the North Star Agreement, altering the payment terms and creating a restricted area around the North Star Property. These developments aim to strengthen Scorpio Gold's financial leadership and secure its position in the mining sector.

Scorpio Gold (TSXV: SGN) provides a Q1 corporate update and outlook for 2024 operations, highlighting a transformative period with amalgamation with Altus Gold Corp., successful private placement, and new management. The Company aims to create shareholder value through exploration at Manhattan Property, development at Mineral Ridge Mine, and potential acquisition of Northstar Property.

Scorpio Gold 's CEO to present at the 2024 Kinvestor Critical Minerals & Mining Virtual Conference, showcasing junior mining companies exploring critical minerals for the global energy transition.

Scorpio Gold Corporation completes acquisition of Altus Gold Corp., appoints new CEO and COO, closes Private Placement, and advances mineral exploration project in Nevada.

Scorpio Gold Corporation increases non-brokered private placement size by $1,000,000 to $6,000,000, with two tranches closed for $1,437,745. Each unit priced at $0.15 includes a common share and a warrant exercisable at $0.20 for two years. Private Placement subject to TSX Venture Exchange approval.

Scorpio Gold Corporation increases private placement size by $1,000,000, extends acquisition date, and announces debt restructure. The company issued 9,584,966 units for $1,437,745 and plans to issue up to 33,333,333 units for $5,000,000. The acquisition of Altus Gold Corp. extended to February 14, 2024. The company also intends to restructure its outstanding loans and settle a portion through the issuance of common shares.