Scorpio Gold drills 22.25 m of 2.09 g/t Au at Manhattan, Nevada

Highlights Hole 26MN-063 returned 2.09 g/t gold over 22.25 metres ("m") from 34.14 m , including 45.19 g/t gold over 0.85 m from 39.84 m along the Zanzibar Trend. Hole 26MN-061 returned 0.54 g/t gold over 18.07 m from 50.21 m at Stray Dog. Hole 26MN-059 returned 1.05 g/t gold over 13.26 m from 199.03 m and 1.05 g/t gold over 13.01 m from 281.61 m along the Reliance Trend.

Vancouver, British Columbia--(Newsfile Corp. - April 16, 2026) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) (" Scorpio Gold ", or the " Company ") is pleased to announce results from five step-out holes of the Phase Two drill program at the Manhattan District Project (" Manhattan "), Nevada, USA: 26MN-059 through 26MN-063, see Figure 1 . The results are tabulated in Table 1 and discussed below. Scorpio Gold has drilled 72 drill holes to date from its Phase Two diamond drilling program, 25MN-011 through 25MN-045, 26MN-046 through 26MN-077, 26MN-079, and 26MN-081, for a grand total of 20,518 m .

With the results herein, Scorpio Gold has reported assays on 48 of these (25MN-011 through 25MN-045 and 26MN-046 through 26MN-063), totalling 17,393 m, and assays are pending from 16 holes (26MN-064 through 26MN-077, 26MN-079, and 26MN-081), totalling 3,125 m. The pending results will be reported as they become available. "The Zanzibar Trend has quickly emerged as a priority-one target for the Company, representing a newly defined zone that splays off the main Reliance structure.

Surface mineralization first demonstrated in hole 25MN-044, which returned 3.14 g/t gold over 49.62 metres, has now been successfully followed up with a step-out to the southeast along a 700-metre largely untested strike corridor extending from Goldwedge to Mustang Hill. Drill hole 26MN-063 further demonstrates continuity along the trend, particularly along the eastern limb of the Manhattan Anticline. As a splay off the principal structural corridor and with limited historical testing, we believe this trend has signific