Scorpio Gold Announces Resignation of Director

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 8, 2017) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN)(FRANKFURT:Z3S) announces the resignation of Mr. Paul Parisotto from the Board of Directors, effective immediately, and wishes to express appreciation for his contributions to the Board during his tenure.

About Scorpio Gold

Scorpio Gold holds a 70% interest in the producing Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Elevon, LLC (30%). Mineral Ridge is 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 in Manhattan, Nevada with a fully permitted underground mine and 400 ton per day mill facility.

ON BEHALF OF THE BOARD

SCORPIO GOLD CORPORATION

Chris Zerga, President

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.