Scorpio Gold Announces Change in Management

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Scorpio Gold Announces Change in Management

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 2, 2016) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) announces that further to the Company's news release dated AugustĀ 10, 2016, Peter J Hawley has stepped down from the position of CEO of the Company effective NovemberĀ 1, 2016, but will remain a Director and Chairman of the Company. Current Director, Brian Lock, will act as interim CEO until such time as a permanent CEO has been found.

Mr. Lock has over 40 years of experience in the operations, feasibility, design engineering and construction of numerous precious and base metal projects around the world. In 1985 he founded Proton International Engineering Corp., a Canadian engineering and construction company devoted to the development of small and medium sized mining projects. He was a past officer of Frontier Pacific Mining Corporation from early 2006 until its takeover in July 2008. Mr. Lock has managed and/or served as a director of several Canadian public and private companies.

Brian Lock comments, "On behalf of the Board, I would like to thank Peter for his dedication to the Company since its inception. He and his management team have been instrumental in advancing commercial production at Mineral Ridge since 2012, and continue to expand mineral resources through exploration of the Mineral Ridge property for the benefit of the Company's shareholders."

"Peter will continue as Chairman and is committed to assisting the team during this transitional period, in operations as well as exploration and geological interpretation of the Mineral Ridge and Goldwedge properties."

"As interim CEO, I look forward to advancing Scorpio Gold's production, exploration and development programs and feel confident that through further exploration we can continue to increase the mine life at Mineral Ridge."

About Scorpio Gold

Scorpio Gold holds a 70% interest in the Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Elevon, LLC (30%). Mineral Ridge is currently in production as a conventional open pit mining and heap leach operation. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages. Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground mine and 400 ton per day mill facility. The Goldwedge mill facility has been placed on a care and maintenance basis and can be restarted immediately when needed.

ON BEHALF OF THE BOARD, SCORPIO GOLD CORPORATION

Chris Zerga, President

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.

The Company relies on litigation protection for forward-looking statements. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the anticipated changes in senior management of the Company. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including the anticipated changes in senior management of the Company and those risk factors outlined in the Company's Management Discussion and Analysis as filed on SEDAR. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof.

Scorpio Gold Corporation
Chris Zerga
President
819-825-7618
czerga@scorpiogold.com
www.scorpiogold.com

JNS Capital Corp.
Jag Sandhu
Investor Relations
778-218-9638
jagjns@outlook.com

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).