Scorpio Gold drills 3.38 g/t Au over 33.31 m at Goldwedge, Manhattan

Highlights

Hole 26MN-109 returned, at Goldwedge: 2.83 g/t gold over 11.89 metres ("m") from 97.08 m and 9.46 g/t gold over 8.72 m from 126.00 m within the Zanzibar Formation.

3.38 g/t gold over 33.31 m from 138.90 m, including 6.90 g/t gold over 12.89 m from 138.90 m within the Gold Hill Formation and Manhattan Caldera Volcanics.

Hole 26MN-114 returned, along the Zanzibar Trend: 15.28 g/t gold over 2.56 m from 94.27 m and 0.98 g/t gold over 23.2 m from 112.13 m, including 5.11 g/t gold over 3.38 m from 112.13 m, within the Gold Hill Formation.

Vancouver, British Columbia--(Newsfile Corp. - August 10, 2026) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) (" Scorpio Gold ", or the " Company ") is pleased to announce results from four step-out holes of the Phase Two drill program at the Manhattan District Project (" Manhattan "), Nevada, USA: 26MN-109, 26MN-111, 26MN-112, and 26MN-114, see Figure 1 . The results are tabulated in Table 1 and discussed below. Scorpio Gold has drilled 109 drill holes to date from its Phase Two diamond drilling program, 25MN-011 through 25MN-045, 26MN-046 through 26MN-119, for a grand total of 31,391 m . With the results herein, Scorpio Gold has reported assays on 103 of these (25MN-011 through 25MN-045, 26MN-046 through 26MN-112, and 26MN-114, totalling 29,156 m , and assays are pending from 6 holes (26MN-113, 26MN-115 through 26MN-119), totalling 2,236 m. The pending results will be reported as they become available.

In addition to the Phase Two drill program, the Company is reviewing historic core that is available at Manhattan and analyzing any historic core and pulps for silver. This new silver data from historic materials is supplementary to silver data that has been collecting since 2024 on new core drilled by the Company. Silver, or a gold equivalent ("AuEq"), has not been used or included in any result