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Feb 26, 2009
Scorpio Reports on Drilling of the Main Zone from the 9th Level

Vancouver, February 26, 2009 - Scorpio Mining Corporation (TSX:SPM) is pleased to announce additional underground drill results from the 9th Level targeting the Main Zone at the 100% owned Nuestra Senora mine, Sinaloa State, Mexico.

Peter J. Hawley, Chairman, CEO reports, "Drill results from the Nuestra Senora Main Zone (Table 1) continue to demonstrate continuity of the economic mineralization and define the areas outlined for future extraction as the mine planning advances.

The Company invites all interested parties to visit Scorpio's booth (#2445) at the Prospectors and Developers Association mining convention (PDAC2009) held at the Metro Toronto Convention Centre, March 1-4, 2009. Registration and access to the Investor's Exchange area is free; further information is available at www.pdac.ca."

Table 1. 9th Level Underground Drill Results - Main Zone

<< Drag to view table >>

Hole #

From (m)

To (m)

Length (m)

Ag (g/t)

Au (g/t)

Cu %

Pb %

Zn %

NS9L-08-141

29.7

31.7

2

163

0.12

0.58

0.39

0.04

 

61.2

62.75

1.55

788

0.47

2.59

0.78

0.42

 

75.05

77.5

2.45

119

0.12

0.36

0.69

2.38

NS9L-08-142

8.3

9.8

1.5

320

0.13

0.38

2.37

1.95

 

63

66.53

3.55

285

0.12

1.61

1.59

13.52

NS9L-08-143

35.6

39

4.4

172

0.09

0.52

0.3

1.42

 

82

87

5

173

0.08

0.51

0.46

0.75

NS9L-08-144

22

25.8

3.8

146

0.09

0.42

0.52

2.4

 

31.5

33

1.5

141

0.04

0.56

0.84

2.02

 

39.1

40.6

1.5

141

0.05

0.34

0.18

1.18

 

78

79.5

1.5

108

0.15

0.33

0.27

1.31

 

91.1

92.2

1.1

145

0.14

0.76

0.49

3.35

 

95.8

102

6.2

172

0.06

0.71

0.29

1.06

NS9L-08-145

13.7

15.1

1.4

166

0.16

0.71

6.44

7.93

 

56

57.4

1.4

163

0.1

0.33

0.29

2.14

 

88.3

89.5

1.2

293

0.1

0.87

0.7

4.23

 

94.5

96

1.5

135

0.14

0.51

0.35

1.05

 

102.5

103.9

1.4

676

0.35

4.6

1.74

1.26

NS9L-08-148

190.7

194.3

3.6

127

0.23

0.1

0.94

1.05

NS9L-08-149

134.8

136.9

2.1

142

0.52

0.68

0.03

0.07

NS9L-08-195

109.7

111.55

1.85

104

0.06

0.26

3.42

3.02

 

136.6

140.3

3.7

101

0.16

0.47

4.34

5.52

NS9L-08-204

160

162.5

2.5

170

0.19

0.52

0.4

2.29

NS9L-08-213

38.8

46.9

8.1

166

0.16

0.82

0.78

2.05

NS9L-08-214

31

33.4

2.4

152

0.43

1.14

6.91

11.91

 

37.9

42

4.1

186

0.12

1.49

1.74

1.67

 

44.3

45.4

1.1

413

0.18

1.64

1.56

12.75

NS9L-08-216

15.4

16.6

1.2

540

0.12

0.93

3.13

7.14

NS9L-08-217

12.3

16

3.7

167

0.15

0.45

1.36

2.02

 

77.4

79.7

2.3

124

0.06

0.54

0.2

0.24

NS9L-08-218

14.8

16.6

1.8

229

0.39

1.08

1.28

1.5

 

91.7

95

3.3

122

0.03

0.27

0.23

1.16

NS9L-08-219

12.75

14

1.25

394

0.38

1.23

3.4

2.81

 

24.3

25.3

1

105

0.06

0.34

1.83

3

 

46.2

47.3

1.1

138

0.09

0.47

0.39

0.65

 

84.2

85.2

1

118

0.1

0.72

0.34

3.59

 

90.9

93.6

2.7

102

0.03

0.72

0.44

1.02



Drill hole data in Table 1 reflects down hole core lengths and actual (uncut) grades. True widths cannot be reliably estimated at this time.

Additional information is available on the Company's web site at: www.scorpiomining.com.

President, Mr. D. Roger Scammell, PGeo, is the Company's Qualified Person for the Nuestra Señora project. Mr. Scammell is responsible for the current exploration and development program and has reviewed the content of this release. All technical information for the Nuestra Señora property is obtained and reported under a formal quality assurance and quality control (QA/QC) program. Samples are shipped to the ALS Chemex preparation laboratory in Hermosillo, Mexico for drying, crushing and pulverizing. ALS Chemex, Hermosillo then sends the pulps by air-freight to ALS Chemex, Vancouver for assaying. Systematic assaying of standards and blanks are performed for the precision and accuracy; check assays are regularly conducted by SGS Lakefield Research. Details of the QA/QC program are available on the Company's website.

ON BEHALF OF SCORPIO MINING CORPORATION

Peter J. Hawley
Chairman & CEO

For further information contact:

Rich Kaiser, YES International: 1-800-631-8127; 001-757-306-6090 (outside North America)
Email: yes@yesinternational.com

This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the results of drilling, the timing and methods of future extraction of mineralization for milling and Scorpio Mining Corporation's commitment to, and plans for developing the Nuestra Senora Project. Generally, these forward-looking statements can be identified by the forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "projects", "intends", "anticipates", or "does not anticipate", or "believes", or "variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might", or "will" be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Scorpio Mining Corporation to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and potential development and construction of the Nuestra Senora Project, risks related to international operations, construction delays and cost overruns, the actual results of current exploration, development and construction activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of silver, zinc, copper, lead and gold, as well as those factors discussed in the sections relating to risk factors of our business filed in Scorpio Mining Corporation's required securities filings on SEDAR, including its Annual Information Form dated March 26, 2008. Although Scorpio Mining Corporation has attempted to identify important factors that could cause results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.

There can be no assurance that any forward-looking statements will prove accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Scorpio Mining Corporation does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
 

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