Scorpio Gold Announces Further Drill Results from Manhattan District, NevadaHighlightsHole 25MN-030 returned 2.21 g/t gold over 7.38 metres.Hole 25MN-031 returned 0.54 g/t gold over 20.54 metres, including 1.34 g/t gold over 8.85 metres.Numerous intervals located outside of the existing Inferred Mineral Resource constraining pit, calculated at US$2,500.12 unreported holes, totalling 3,169 m, have been completed and are pending assays (25MN-034 through 25MN-045).Vancouver, British Columbia--(Newsfile Corp. - December 30, 2025) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce results from seven holes from its 2025 drilling program at the Manhattan District Project ("Manhattan"), Nevada, USA: from the Phase Two program (25MN-027 through 25MN-033). The results are tabulated in Table 1 and discussed below. Scorpio Gold has drilled 35 diamond drill holes this year, MN25-011 through MN25-045, totalling 10,880 m. With the results herein, Scorpio Gold has reported assays on 23 of these (25MN-011 through 25MN-033), totalling 7,711 m, and assays are pending from 12 holes (25MN-034 through 25MN-045), totalling 3,169 m. The pending results will be reported in the New Year as they come available and are briefly discussed below."Scorpio Gold continues to drill holes that step out from the existing resource model, both laterally and at depth, and that continue to expand the resource envelope and the constraining pit, modelled at a gold price of US$2,500. Importantly, the results reported to date demonstrate that this drilling is additive to the existing mineralized system, with multiple intercepts extending mineralization beyond the current inferred resource footprint and contributing to the potential for increased mineralized tonnage. Additionally, this new drilling has intercepted both previously mapped and newly recognized mineralized structures, building on the team's understanding of the deposit's structural framework and enhancing our ability to predict future accretive drill targets. Results from the 12 completed holes are eagerly anticipated and will be released in the New Year. We recognize that, with three drills now in the field, there is an expectation for a cadence of results to be delivered to the market, and we will endeavour to maintain a consistent flow of results, subject to laboratory turnaround times and rigorous QA/QC," commented Zayn Kalyan, CEO and Director of Scorpio Gold.Three holes were drilled in the Gap Zone (25MN-027, 25MN-028 and 25MN-028), two holes were drilled at the southern end of the West Pit (25MN-032 and 25MN-033) and one hole was drilled at the northern end of the West Pit (25MN-031). One exploration hole was drilled between the Reliance Trend and Mustang Hill, 25MN-029. Generally, holes tested laterally and below the Inferred Resource Constraining Pit, modelled at a gold price of US$2,500 and a 0.3 g/t gold only cutoff grade ("IRCP"), and including other inputs including: mill recovery of 90%, 50 degree pit slope angle for in-situ rock, mining costs of $3.00 per tonne for both ore and waste, milling costs of $15.00 per tonne processed, general administration cost of $3.50 per tonne processed and 2% royalty costs, and ore loss and dilution not applied. For further details see see "Mineral Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada" with an effective date of June 4, 2025 on Scorpio Gold's website, here. Intervals returning weighted average grades of more than 1 g/t gold are hosted in structural feeder zones and, in 25MN-028 at a lithological contact at the base of a limestone unit. Some of these structures, such as the Reliance Fault/Trend and the Brougher Fault have been previously mapped, and other structures have been newly recognized in drilling and outcrop. Lower grade mineralization occurs in receptive argillites and phyllites (collectively, fine grained clastics), most likely within mineralized envelopes around such structures. These mineralization styles are consistent with the Company's existing geological model.Figure 1. Surface Plan Map of Drill results over 2025 MRE Block Model.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9779/279197_2a5c7c0ab4891af6_002full.jpgDrill Hole IDFinal depth (m)TargetAzimuth / DipFrom (m)To (m)Intercept¹ (m)Gold (g/t)25MN-027Reliance Trend104.85108.633.780.38 377.04240° / -75°118.41123.835.410.25131.06139.848.780.5225MN-028Reliance Trend153.68157.523.840.25 345.64240° / -72°289.68292.212.532.71374.84382.487.640.23395.22398.563.340.4925MN-030Gap Zone29.5761.57320.36245.06 60° / -48°189.89198.428.530.43204.372149.630.24222.14229.517.382.21including227.23229.512.296.6425MN-031West Pit34.7556.0821.340.3 301.7560° / -65°121.92144.3222.40.26164.77185.3220.540.54including170.67179.628.951.34205.71208.482.773.54including205.71206.20.4914.66218.1221.223.120.23256.4260.153.750.4425MN-032West Pi