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Scorpio Appoints Leo Hathaway as Technical Advisor, Further Strengthens Team

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Scorpio Gold has appointed Leo Hathaway as Technical Advisor to its advisory panel. Hathaway is a Professional Geologist with 30 years of industry experience, currently serving as Executive Chairman of Golden Shield Resources and Senior VP of Lumina Gold. His notable achievements include the $1.65bn sale of Lumina Copper projects and involvement in Ventana Gold's $1.5bn La Bodega project sale. The appointment aims to strengthen the company's technical team as it works toward filing a NI-43-101 compliant resource at Manhattan in Q1 2025 and advancing exploration in the Manhattan District along Nevada's Walker Lane Trend.

Scorpio Gold ha nominato Leo Hathaway come Consulente Tecnico per il suo pannello consultivo. Hathaway è un Geologo Professionista con 30 anni di esperienza nel settore, attualmente ricopre il ruolo di Presidente Esecutivo di Golden Shield Resources e Vice Presidente Senior di Lumina Gold. I suoi risultati più significativi includono la vendita di $1,65 miliardi dei progetti di Lumina Copper e il coinvolgimento nella vendita del progetto La Bodega di Ventana Gold per $1,5 miliardi. Questa nomina ha lo scopo di rafforzare il team tecnico dell'azienda mentre lavora per presentare una risorsa conforme al NI-43-101 a Manhattan nel primo trimestre del 2025 e avanzare l'esplorazione nel Distretto di Manhattan lungo il Walker Lane Trend del Nevada.

Scorpio Gold ha nombrado a Leo Hathaway como Asesor Técnico de su panel consultivo. Hathaway es un Geólogo Profesional con 30 años de experiencia en la industria, actualmente es Presidente Ejecutivo de Golden Shield Resources y Vicepresidente Senior de Lumina Gold. Sus logros más destacados incluyen la venta de proyectos de Lumina Copper por 1.650 millones de dólares y su participación en la venta del proyecto La Bodega de Ventana Gold por 1.500 millones de dólares. La designación tiene como objetivo fortalecer el equipo técnico de la empresa mientras trabaja para presentar un recurso conforme con NI-43-101 en Manhattan en el primer trimestre de 2025 y avanzar en la exploración en el Distrito de Manhattan a lo largo de la Tendencia Walker Lane de Nevada.

스콜피오 골드가 레오 하더웨이를 자문 패널의 기술 고문으로 임명했습니다. 하더웨이는 30년의 산업 경험을 가진 전문 지질학자로 현재 골든 쉴드 리소스의 명예 회장과 루미나 골드의 수석 부사장으로 재직 중입니다. 그의 주목할 만한 업적에는 루미나 구리 프로젝트의 1,650억 달러 판매와 벤타나 골드의 1,500억 달러 라 보데가 프로젝트 판매에 대한 참여가 포함됩니다. 이번 임명은 2025년 1분기에 맨하탄에서 NI-43-101 기준에 부합하는 자원을 등록하고 네바다의 월커 레인 트렌드에 따라 맨하탄 지역에서 탐사를 진행하기 위해 회사의 기술 팀을 강화하는 것을 목표로 하고 있습니다.

Scorpio Gold a nommé Leo Hathaway comme Conseiller Technique de son panel consultatif. Hathaway est un géologue professionnel avec 30 ans d'expérience dans l'industrie, occupant actuellement le poste de Président Exécutif de Golden Shield Resources et Vice-Président Senior de Lumina Gold. Ses réalisations notables incluent la vente de projets de cuivre Lumina pour 1,65 milliard de dollars et son implication dans la vente du projet La Bodega de Ventana Gold pour 1,5 milliard de dollars. Cette nomination vise à renforcer l'équipe technique de l'entreprise alors qu'elle travaille à déposer une ressource conforme à la norme NI-43-101 à Manhattan au premier trimestre 2025 et à faire progresser l'exploration dans le district de Manhattan le long de la tendance Walker Lane du Nevada.

Scorpio Gold hat Leo Hathaway zum Technischen Berater seines Beratungsgremiums ernannt. Hathaway ist ein professioneller Geologe mit 30 Jahren Branchenerfahrung und derzeit Vorstandsvorsitzender von Golden Shield Resources und Senior Vice President von Lumina Gold. Zu seinen bemerkenswerten Leistungen gehören der Verkauf von Lumina Copper-Projekten für 1,65 Milliarden Dollar und die Beteiligung am Verkauf des La Bodega-Projekts von Ventana Gold für 1,5 Milliarden Dollar. Die Ernennung soll das technische Team des Unternehmens stärken, während es daran arbeitet, eine NI-43-101-konforme Ressource in Manhattan im ersten Quartal 2025 zu melden und die Erkundung im Manhattan-Distrikt entlang des Walker Lane Trends in Nevada voranzutreiben.

Positive
  • Appointment of highly experienced technical advisor with proven track record in billion-dollar mining deals
  • Progress toward NI-43-101 compliant resource filing at Manhattan project in Q1 2025
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - October 31, 2024) - Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce the appointment of Leo Hathaway to its advisory panel.

Leo Hathaway, P. Geo., is a Professional Geologist with 30 years of experience in the mineral exploration industry and is currently Executive Chairman of Golden Shield Resources Inc. and Senior Vice President of Lumina Gold Corp. Mr. Hathaway played a pivotal role in the acquisition, advancement and sale of the ten original Lumina Copper projects in the Americas to seven different companies, aggregating $1.65bn. He has also had key involvement in numerous successful public and private ventures, such as Ventana Gold's La Bodega project in Colombia and its $1.5bn sale to AUX, as well as the origination, acquisition and advancement of Lumina Gold's 20.5moz Cangrejos gold project in Ecuador. Mr. Hathaway holds a BSc (Hons) in Applied Geology from the University of Plymouth, an MSc in Mineral Exploration from Imperial College, London. He is a registered Professional Geoscientist with EGBC.

Leo brings extensive industry expertise and a leading reputation that will be a great addition to Scorpio Gold's top-tier technical and management team as the Company continues to build and enhance shareholder value at the flagship Manhattan and Mineral Ridge projects. Both of which are located along the highly prospective Walker Lane Trend in Nevada, USA.

"We are pleased to welcome Leo to our technical team as we work towards some exciting near-term catalysts, namely filing a NI-43-101 compliant resource at Manhattan in Q1 2025, and ultimately working to further exploration and consolidation of the Manhattan District," said Zayn Kalyan, Scorpio Gold's CEO and Director. "Leo's experience will enhance our team's abilities to pursue our strategic goals and drive greater shareholder value. We're excited to have someone of Leo's caliber who recognizes the exceptional opportunity and potential of the Manhattan District."

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 Gold's Manhattan District comprises the advanced exploration-stage Goldwedge Project, with a 400 ton per day gravity mill. Adjacent to Goldwedge is the ~4,780-hectare 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 100,000+ meters 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 Gold produced over 222,440 oz 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

Zayn Kalyan, Chief Executive Officer and Director
Tel: (604)-252-2672
Email: zayn@scorpiogold.com

Investor Relations Contact:
Kin Communications Inc.
Tel: (604) 684-6730
Email: SGN@kincommunications.com

Connect with Scorpio Gold:
Email | Website | Facebook | LinkedIn | X | YouTube
To register for investor updates please visit: scorpiogold.com
(TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9)

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228434

FAQ

Who is Leo Hathaway and what is his role at Scorpio Gold (SRCRF)?

Leo Hathaway is a Professional Geologist with 30 years of experience who has been appointed as Technical Advisor to Scorpio Gold's advisory panel. He is currently Executive Chairman of Golden Shield Resources and Senior VP of Lumina Gold.

What are Scorpio Gold's (SRCRF) near-term catalysts for 2025?

Scorpio Gold's main near-term catalyst is filing a NI-43-101 compliant resource at the Manhattan project in Q1 2025, along with further exploration and consolidation of the Manhattan District.

Where are Scorpio Gold's (SRCRF) Manhattan and Mineral Ridge projects located?

Scorpio Gold's Manhattan and Mineral Ridge projects are located along the Walker Lane Trend in Nevada, USA.

SCORPIO GOLD CORP

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