Scorpio’s Drilling of Nuestra Senora Zone Hits 8 Mineralized Intercepts in one Hole including 13 metres of 296.66 g/t Ag, 2.06% Zn, 2.50% Cu, 1.67% Pb

Scorpio Mining Corporation (TSX:SPM - News) is pleased to report additional results of drilling from the 8th Level of the Nuestra Senora Silver-Zinc deposit, targeting the main Nuestra Senora body.

Peter J. Hawley, Chairman, CEO reports, “Hole 47 clearly demonstrates how robust the mineralizing system is within the Nuestra Senora deposit. It is now clear that the structural and mineralizing controls model is well understood as demonstrated by continuing success of the exploration program. This will certainly impact the resource grade and tonnage which is currently being updated. In addition, the engineering study is advancing rapidly and will be released in April.”

Table 1 - 8th Level Drill Results - Nuestra Senora Zone

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From To Length Ag Au Cu Pb Zn
Hole No. (m) (m) (m) (g/t) (g/t) % % %
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NS8L-06-45 12.00 13.50 1.50 81.00 0.082 0.225 2.02 1.92
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29.00 30.00 1.00 120.00 0.074 0.068 1.23 0.527
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39.00 48.00 9.00 136.00 0.150 0.73 1.75 4.53
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Including 46.00 47.00 1.00 914.00 0.849 3.86 9.58 20.30
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55.00 60.00 5.00 37.20 0.030 0.29 0.14 1.57
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65.00 68.00 3.00 57.67 0.060 0.35 1.51 2.48
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Including 65.00 66.00 1.00 125.00 0.085 0.49 3.26 4.80
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73.00 91.00 18.00 68.56 0.080 0.63 0.69 2.92
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Including 73.00 80.00 7.00 119.43 0.150 1.02 0.66 4.50
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Including 77.00 78.00 1.00 379.00 0.060 3.55 1.83 12.25
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Including 89.00 90.00 1.00 149.00 0.078 1.72 5.17 11.15
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NS8L-06-46 25.50 27.00 1.50 31.00 0.059 0.108 1.78 1.82
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NS8L-06-47 13.50 16.50 3.00 110.00 0.35 0.45 4.14 2.65
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28.50 31.50 3.00 100.50 0.13 0.14 1.35 0.54
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36.00 40.50 4.50 276.33 0.21 1.88 1.09 0.66
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Including 39.00 40.50 1.50 461.00 0.278 3.14 1.79 0.32
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60.00 67.50 7.50 115.40 0.17 0.84 0.50 0.79
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NS8L-06-48 15.35 17.10 1.75 88.14 0.350 0.35 2.82 3.04
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43.50 51.00 7.50 150.60 0.110 0.69 0.71 1.83
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Including 45.00 46.50 1.50 372.00 0.082 1.20 2.36 6.20
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55.00 60.00 5.00 123.80 0.230 1.23 1.49 2.73
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Including 55.00 56.00 1.00 282.00 0.713 3.25 3.22 8.56
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64.30 78.00 13.70 296.66 0.300 2.50 1.67 2.06
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Including 64.30 70.00 5.70 584.16 0.490 5.02 3.13 3.51
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85.50 94.00 8.50 63.86 0.090 0.80 1.08 3.25
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Including 92.00 93.00 1.00 199.00 0.308 2.81 2.81 7.25
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99.90 115.10 15.20 320.95 0.380 1.18 4.90 8.26
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Including 99.90 103.30 3.40 303.94 0.530 2.25 8.08 16.48
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Including 111.30 112.10 0.80 1,270.00 0.840 2.25 5.23 11.00
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131.60 132.90 1.30 844.54 0.220 0.93 2.89 3.19
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Including 132.20 132.90 0.70 1,325.00 0.192 1.21 1.74 2.67
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144.10 150.30 6.20 48.48 0.180 0.01 0.37 3.61
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Including 147.20 148.20 1.00 135.00 0.139 0.02 0.84 15.90
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Drill hole data in the table reflects down hole core lengths and actual (uncut) grades. True widths cannot be reliably estimated at this time. Further information on the Company and the Nuestra Senora project is available on the Scorpio Mining web site at: www.scorpiomining.com.

President, Mr. D. Roger Scammell, PGeo, is the Company’s Qualified Person for the Nuestra Senora project. Mr. Scammell is responsible for the current exploration and development program and has reviewed the content of this release. All technical information for the Nuestra Senora property is obtained and reported under a formal quality assurance and quality control (QA/QC) program. Samples are shipped to the ALS Chemex preparation laboratory in Hermosillo, Mexico for drying, crushing and pulverizing. ALS Chemex, Hermosillo then sends the pulps by air-freight to ALS Chemex, Vancouver for assaying. Systematic assaying of standards and blanks are performed for the precision and accuracy; check assays are regularly conducted by SGS Lakefield Research. Details of the QA/QC program are available on the Company’s website.

ON BEHALF OF SCORPIO MINING CORPORATION

Peter J. Hawley
Chairman & CEO

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration success, continued availability of capital and financing, and general economic, market or business conditions.

For further information

Glenn Little, Jackson Little Holdings Ltd, (604) 930-4375, 1-888-930-4375, Email: jlconsulting@telus.net
Rich Kaiser, YES International, 1-800-631-8127, 001-757-306-6090 (outside North America), Email: yes@yesinternational.com