Oct 18, 2011

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Vancouver, October 18, 2011 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) announces the initial drill results from the Brodie Zone at the 70% owned Mineral Ridge project, Nevada.

Peter J. Hawley, President and CEO reports, "Our initial drilling on the Brodie Zone, located 975 metres (3,200 feet) southwest of the Drinkwater pit, has intersected mineralization of interest, in particular drill hole MR11210, which terminated in high-grade mineralization. Additional drilling on the Brodie Zone is planned following review and compilation of the latest results together with historical drilling. Meanwhile, the drill has moved to the Wedge Zone for initial drill testing in that area."

Table 1. Brodie Zone - Significant Drill Results

Hole No. From (ft)To (ft)Width (ft)From (m)To (m)Width (m)Gold (OPT)Gold (g/t)

MR11201	25	45	20	7.62	13.72	6.10	0.036	1.01
MR11202	45	50	5	13.72	15.24	1.52	0.024	0.68
	110	115	5	33.54	35.06	1.52	0.113	3.20
MR11203	80	85	5	24.39	25.91	1.52	0.021	0.60
MR11206	105	110	5	32.01	33.54	1.52	0.229	6.49
MR11210	0	5	5	0.00	1.52	1.52	0.016	0.45
	130	140	10	39.63	42.68	3.05	0.456	12.91
MR11211	30	45	15	9.15	13.72	4.57	0.035	1.00
	75	85	10	22.87	25.91	3.05	0.062	1.74
MR11212	65	85	20	19.82	25.91	6.10	0.019	0.53
MR11214	5	20	15	1.52	6.10	4.57	0.038	1.08
MR11215	0	15	15	0.00	4.57	4.57	0.015	0.43
MR11218	30	35	5	9.15	10.67	1.52	0.023	0.65
MR11221	140	145	5	42.68	44.21	1.52	0.027	0.77
MR11227	60	65	5	18.29	19.82	1.52	0.025	0.71
MR11228	35	40	5	10.67	12.20	1.52	0.025	0.71
	60	65	5	18.29	19.82	1.52	0.023	0.65
MR11229	15	20	5	4.57	6.10	1.52	0.030	0.85
	50	65	15	15.24	19.82	4.57	0.078	2.21
MR11230	65	75	10	19.82	22.87	3.05	0.095	2.69
MR11233	20	25	5	6.10	7.62	1.52	0.096	2.72
	80	85	5	24.39	25.91	1.52	0.019	0.54
MR11234	95	100	5	28.96	30.49	1.52	0.02	0.57
MR11236	25	35	10	7.62	10.67	3.05	0.094	2.65
	40	45	5	12.20	13.72	1.52	0.026	0.74
MR11242	5	15	10	1.52	4.57	3.05	0.092	2.61
MR11243	0	5	5	0.00	1.52	1.52	0.031	0.88
	125	140	15	38.11	42.68	4.57	0.014	0.41
MR11244	170	175	5	51.83	53.35	1.52	0.023	0.65

All holes presented in the above tables were completed by reverse circulation (RC) drilling. True width is estimated at ~90% downhole width. 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: View PDF. External check assays to verify lab accuracy are routinely completed by ALS Chemex, an ISO 9001:2000 certified and ISO/IEC 17025:2005 accredited laboratory.

President & CEO, Peter J. Hawley, PGeo, is the Qualified Person for the Mineral Ridge project and has reviewed the content of this release. For additional information please see the Company's website at www.scorpiogold.com.

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Peter J. Hawley,
President & CEO

For further information contact:
Peter J. Hawley Tel: (819) 825-7618
Email:[email protected]

Investor Relations:
Torrey Hills Capital
Andrew Hoffman Tel: (858) 456-7300
Email:[email protected]

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

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 plans with respect to the exploration and development of its projects. 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 for the year ended December 31, 2010 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 therein.