Scorpio Gold Announces Receipt of Second Deferred Payment from Mineral Ridge Sale

Vancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") announces that it has received the second deferred payment from the previously completed sale of its wholly-owned subsidiary, Mineral Ridge Gold, LLC ("MRG"), to an arm's length purchaser. As disclosed in Scorpio Gold's news releases dated July 24, 2025, August 25, 2025 and December 3, 2025, the aggregate consideration for the sale of MRG totalled US$7,500,000, of which US$1,500,000 was placed into escrow as an indemnification holdback, to be released in two equal tranches on the three-month and nine-month anniversaries of closing.