Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) is
pleased to announce its financial results for the first quarter ended March 31,
2014 ("Q1"). This press release should be read in conjunction with the Company's
condensed consolidated interim financial statements for the three-month period
ended March 31, 2014 and Management Discussion & Analysis for the same period,
available on the Company's website at www.scorpiogold.com and under the
Company's name on SEDAR at www.sedar.com. All monetary amounts are expressed in
US dollars unless otherwise specified. 


PERFORMANCE HIGHLIGHTS: 



----------------------------------------------------------------------------
                                                         Q1 2014     Q1 2013
                                                    ------------------------
                                                               $           $
Revenue ($000's)                                          13,249      11,666
Mine operating earnings ($000's)                           1,330       3,570
Net earnings ($000's)                                        378       2,096
Basic and diluted earnings per share                        0.00        0.01
Adjusted net earnings (1) ($000's)                           386       2,098
Adjusted basic and diluted net earnings per share(1)        0.00        0.01
Adjusted EBITDA(1) ($000's)                                3,928       6,864
Adjusted basic and diluted EBITDA per share(1)              0.02        0.04
Cash flow from operating activities($000's)                3,363       6,074
Total cash cost per ounce of gold sold(1)                    794         774
Gold ounces produced                                      10,294       7,411
----------------------------------------------------------------------------



Peter Hawley, CEO, comments, "The Mineral Ridge operation has posted another
strong quarter, producing 10,294 ounces gold at a cash cost of $794 per ounce of
gold sold, and is well on track of the Company's 2014 production forecast of
40,000 to 45,000 ounces gold at a cash cost of $800 to $850 per ounce of gold
sold. Our focus remains on operational excellence, and I am very proud of the
team's continued ability to deliver solid results despite a lower average gold
price."


(1) This is a non-IFRS measure; refer to Non-IFRS Measures section of this press
release and the Company's Management Discussion & Analysis for Q1 of 2014 for a
complete definition and reconciliation to the IFRS results reported in the
Company's financial statements for Q1 of 2014.


Highlights for the First Quarter Ended March 31, 2014:



--  10,294 ounces of gold were produced at the Mineral Ridge mine during Q1
    of 2014, compared to 7,411 ounces during Q1 of 2013. This 39% increase
    is primarily caused by the fact that production numbers for Q1 of 2013
    were negatively impacted by the prior sale of approximately 1,878 ounces
    of gold and 759 ounces of silver as part of a sale of loaded carbon that
    accelerated production and revenue in Q4 of 2012. 
    
--  Increased revenues of $13.2 million compared to $11.7 million during Q1
    of 2013, due to a 46% increase in ounces of gold sold offset by a lower
    average gold price during Q1 of 2014. 
    
--  Total cash cost per ounce of gold sold(1) of $794 compared to $774
    during Q1 of 2013, representing a 3% increase. 
    
--  Higher production levels during Q1 of 2014 did not completely offset the
    decrease in the average gold price which consequently negatively
    impacted the following: 
    
    --  Mine operating earnings(1) of $1.3 million compared to $3.6 million
        during Q1 of 2013, mainly due to the lower average gold price during
        Q1 of 2014. 
        
    --  Net earnings and adjusted net earnings(1) of $0.4 million ($0.00
        basic and diluted per share), compared to net earnings and adjusted
        net earnings of $2.1 million ($0.01 basic and diluted per share)
        during Q1 of 2013. 
        
    --  Adjusted EBITDA (1)of $3.9 million ($0.02 basic and diluted per
        share) compared to $6.9 million ($0.04 basic and diluted per share)
        during Q1 of 2013. 
        
--  Receipt of approval for the new plan of operations at the Mineral Ridge
    mine in February 2014, which allows for the planned expansion of the
    Mary pit. 
    
--  Sale of the Pinon property on March 5, 2014, with approximately $5.2
    million of the proceeds from such sale being applied to reduce the
    Company's long term debt to less than $6 million as at March 31, 2014. 



(1) This is a non-IFRS measure; please see Non-IFRS measures section.

Non-IFRS Measures 

The discussion of financial results in this press release includes reference to
Adjusted EBITDA, Total cash cost per ounce of gold sold and Adjusted Net
Earnings, which are non-IFRS measures. The Company provides these measures as
additional information regarding the Company's financial results and
performance. Please refer to the Company's MD&A for the three months ended March
31, 2014 for definitions of these terms and a reconciliation of these measures
to reported IFRS results.


About Scorpio Gold Corporation 

Scorpio Gold holds a 70% interest in the Mineral Ridge gold mining operation
located in Esmeralda County, Nevada with joint venture partner Waterton Global
Value L.P. (30%), and is currently entitled to receive 80% of cash flow
generated. Mineral Ridge is currently in production as a conventional open pit
mining and heap leach operation. The Mineral Ridge property is host to multiple
gold-bearing structures, veins and lenses at exploration, development and
production stages. Scorpio Gold also holds a 100% interest in the advanced
exploration-stage Goldwedge property and processing facility in Manhattan,
Nevada. The Company is assessing its exploration plans for the Goldwedge
property as well as the potential for toll milling at the Goldwedge plant
currently permitted for 400 ton per day.


Scorpio Gold's CEO, Peter J. Hawley, P.Geo., is a Qualified Person as defined in
National Instrument 43-101 and has reviewed and approved 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, CEO

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, development and exploitation of its Mineral Ridge
project, including any forecasts regarding future production or costs related
thereto. 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 risks relating to
operation of a gold mine, including unanticipated changes in the mineral content
of materials being mined; unanticipated changes in recovery rates; changes in
project parameters; failure of equipment or processes to operate as anticipated;
the failure of contracted parties to perform; availability of skilled labour and
the impact of labour disputes; delays in obtaining governmental approvals;
changes in metals prices; the availability of cash flows or financing to meet
the Company's ongoing financial obligations; unanticipated changes in key
management personnel; changes in general economic conditions; other risks of the
mining industry and 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Steve Roebuck, President
(819) 825-7618
sroebuck@scorpiogold.com


Investor Relations:
Jim Macdonald, Torrey Hills Capital
(858) 456-7300
jm@sdthc.com
www.scorpiogold.com
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