cnw




TSX: SPM




VANCOUVER, March 12, 2013 /CNW/ - Scorpio Mining Corporation (TSX: SPM) ("Scorpio Mining" or the "Corporation") announces that Mr.
Pierre Lacombe has been appointed President and Chief Executive Officer
("CEO"), effective April 22, 2013, and will also continue to serve as a
director of the Corporation. Peter Hawley will resign as Interim
President and CEO of the Corporation when Mr. Lacombe assumes his new
position and remain a director of the Corporation.




Mr. Lacombe has over 28 years' experience in mining and mineral
processing, including significant experience working in Latin America.
Mr. Lacombe is a registered professional mining engineer (Ecole
Polytechnique, Montreal, Quebec) and is fluent in French, English and
Spanish.




Mr. Lacombe is joining the Corporation from his current position of
Vice-President, Project Development of Pershimco Resources. Prior to
this, Mr. Lacombe spent 12 years as Principal Process Engineer for the
international consulting firm, AMEC, contributing to project
engineering for companies like Barrick, Kinross, Xstrata, BHP, Teck,
Northgate, Aur Resources and Yamana on world-class projects in both
North and South America. In addition, during this period Mr. Lacombe
was involved with the metallurgical testing and design work that led to
the construction of Scorpio Mining's Nuestra Senora processing plant.




Peter Hawley, Interim President and CEO commented, "The board of
directors is very pleased that Pierre has accepted the position of
President and CEO, given his extensive experience in mining and
processing and his broad knowledge of the Corporation's business and
assets gained from his current position as a director. Pierre has an
established, strong relationship with Scorpio Mining's team, both in
Canada and Mexico, and together with our new COO, Tom McGrail, he will
oversee the continued advancement of the Corporation's development
projects, plant expansion, and mine start-up at El Cajon."




About Us




Scorpio Mining Corporation is a silver producer operating in Mexico with
significant base metal by-product credits. The 100% owned Nuestra Senora Mine in the Cosala District of Sinaloa State, Mexico, has flexible mining
methods and diversified metal production. It has a fully mechanized
underground operation and a processing facility with permitted capacity
for expansion to 4,000 tonnes per day. The plant produces zinc, copper
and lead concentrates, with a significant silver component in the
copper and lead concentrates. In addition, the Corporation has numerous
exploration targets in the vicinity of its current operations and has
recently updated its NI 43-101 compliant mineral resource estimates for
the San Rafael and El Cajon development projects. The El Cajon deposit
is scheduled for mine development upon receipt of permitting. Scorpio
Mining also holds a 100% interest in the advanced, high-grade La
Revancha silver and Tepozan silver-gold projects, both located in the
productive Parral District within the respective states of Chihuahua
and Durango, Mexico. The Corporation's strategy for near-term growth is
currently focused on developing of the El Cajon deposit for production.




Scorpio Mining's Interim President and CEO, Peter J. Hawley P. Geo., is
a Qualified Person for the Corporation's Mexico projects and has
reviewed and approved the content of this release.




ON BEHALF OF SCORPIO MINING CORPORATION




Peter J. Hawley

Interim President & CEO




This news release includes certain statements that may be deemed
"forward-looking statements" within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities legislation. Forward-looking statements include,
but are not limited to, statements with respect to the Corporation's
operations, exploration and development plans, expansion plans,
estimates, expectations, forecasts, objectives, predictions and
projections of the future. Generally, these forward-looking statements
can be identified by the forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "projects", "intends", "anticipates", or "does not
anticipate", or "believes", or "variations of such words and phrases or
state that certain actions, events or results "may", "can", "could",
"would", "might", or "will" be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Scorpio Mining
Corporation to be materially different from those expressed or implied
by such forward-looking statements, including but not limited to: risks
related to the exploration and development and operation of the
Corporation's projects in Mexico, risks related to international
operations, construction delays and cost overruns, the actual results
of current exploration, development and construction activities,
conclusions of economic evaluations, changes in project parameters as
plans continue to be refined, future prices of silver, zinc, copper,
lead and gold, risks relating to completing acquisition transactions as
well as those factors discussed in the sections relating to risk
factors of our business filed in Scorpio Mining Corporation's required
securities filings on SEDAR, including its Annual Information Form
dated March 26, 2012. Although Scorpio Mining Corporation has attempted
to identify important factors that could cause results to differ
materially from those contained in forward-looking statements, there
may be other factors that cause results to be materially different from
those anticipated, described, estimated, assessed or intended.




There can be no assurance that any forward-looking statements will prove
accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements. Scorpio Mining
Corporation does not undertake to update any forward-looking statements
that are incorporated by reference herein, except in accordance with
applicable securities laws.



SOURCE: Scorpio Mining Corporation



For further information:

Victoria Vargas, Vice President Investor Relations and Corporate Communications +1 416-585-2200 Email: mailto:[email protected] Rich Kaiser, YES International: 1-800-631-8127; 001-757-306-6090 (outside North America) Email: [email protected]

Website: http://www.scorpiomining.com/">www.scorpiomining.com