Scorpio Gold Corporation American Depositary Shares

Scorpio Gold Corp. reported assay results from four drill holes at its Manhattan District Project in Nevada, with the standout intercept of 3.02 g/t gold over 48.92 metres from 118.87 metres, including 19.29 g/t gold over 5.24 metres, at the Goldwedge target. The company has now reported assays on 107 of the 114 holes drilled in its Phase Two program, totaling 30,889 metres, with results pending for seven holes. CEO Zayn Kalyan highlighted that the high-grade feeder zones sit within an expanding bulk tonnage envelope, and the results support a potential underground startup as a nearer-term production path. The drilling also confirmed mineralization along the Reliance Fault and the Zanzibar Trend, with hole 26MN-118 returning 1.19 g/t gold over 99.94 metres. Scorpio Gold holds a 100% interest in the Manhattan District, which includes the advanced exploration-stage Goldwedge Mine and four past-producing pits.

Scorpio Gold Corp. announced that its American Depositary Shares commenced trading on the NASDAQ Capital Market under the ticker symbol "SGLD" effective at the opening of trading on September 1, 2026. Each ADS represents twenty common shares of the Company. The NASDAQ listing is complementary to and does not affect the Company's existing listings; the common shares will continue to trade on the TSX Venture Exchange under the new symbol "SGLD", on the OTCQB Venture Market under "SRCRF", and on the Frankfurt Stock Exchange under "RY9". The ADS program is administered by The Bank of New York Mellon, which facilitates the issuance and cancellation of ADSs. Shareholders may convert their common shares into ADSs at any time through their broker, and ADS issuance fees will be waived through November 25, 2026, after which a fee of US$5.00 per 100 ADSs will apply. Conversion is optional, and shareholders are not required to take any action.