Scorpio Gold Corporation announced updated significant intercepts for Phase II reverse circulation drilling program at its Goldwedge property located in Manhattan, Nevada. The planned program consisted of fifty-nine RC drill holes with a total of ten thousand eight hundred meters and three thousand nine hundred and thirty-five total meterage completed to date. Drilled holes for this current update, targeted northeastern Mustang Hill mineralization continuity trending in a near EW strike direction, the potential continuity in down dip direction of the Reliance Fault Zone and the southeastern and southwestern mineralization continuity of the 'Main Trend' through the West Pit.

Total of twenty RC drill holes have been completed to date, representing 36% of the planned RC drill program. However, twelve drill holes, with very high-grade mineralization intercepts at the northwestern section of the West Pit, have been reported in previous May 2022 press release. Plan map showing drill hole locations for completed and remaining collars for Phase II drilling program.

Drilling confirmed strong mineralization trends with significant interceptions at the northeastern and southwestern sections of the West Pit Highlights of the significant intercepts are as follows: MWRC22-01014 -- intercepted 3.53g/t over 7.6m including 14.5/t over 1.5m from 79.3m along the drill l hole depth. Additional intercepts contain 4.03g/t over 3.1m from 16.8m depth along the drill hole. MWRC22-018 -- intercepted 4.90g/t over 22.9m including 38.76g/t over 1.5m and 5.19g/t over 9.2m including 20.17g/t over 1.5m with mineralization from 62.5m and 112.9m along the drill hole dip direction respectively.

MWRC22-021 -- intercepted 3.89g/t over 41.2m from 24.4m along the drill hole dip direction. Additional intercepts contain 1.75g/t over 13.7m from 266.9m depth along the drill hole.