Vancouver, April 20, 2020 – Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX-V: SGN) has elected to settle its semi-annual interest payment on its US$7,175,000 secured subordinated convertible debentures.  The interest payment date is April 27, 2020 and the interest payment record date is April 20, 2020.  Subject to the approval of the TSX Venture Exchange the Company will issue a total of 6,368,600 common shares to settle its semi-annual interest payment of US$361,699.

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION
Brian Lock
Chief Executive Officer

For further information contact:

Brian Lock, Chief Executive Officer
Tel: (604) 889-2543
Email: moc.dlogoiprocs@kcolb

Website: www.scorpiogold.com

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.