Scorpio Gold Corporation · TSXV:SGLD
Scorpio Gold — Investor Presentation (October 2025)
24 slides from Scorpio Gold's investor presentation, October 2025
Slide 1: Historic District High Grade Gold Newly Consolidated
Historic District High Grade Gold Newly Consolidated Under Explored TSX.V: OTCQB: FSE: SGN SRCRF RY9 scorpiogold.com October 2025
Slide 2: Forward Looking Statements
Forward Looking Statements FORWARD LOOKING STATEMENTS Except for the statements of historical fact, the information contained herein is of a forward-looking nature such forward looking information Involves known and unknown risks, uncertainties and other factors which may cause the actual results, p
Slide 3: The Manhattan District
The Manhattan District POSITIONED FOR GROWTH Manhattan is a district-scale opportunity with multi- million-ounce potential. Targeting an expanded 50,000+ metre drill program over 12 months. WELL FINANCED FOR AGGRESSIVE 12 MONTHS $14M+ in cash: - $7.5M USD from the sale of Mineral Ridge Mine - Strate
Slide 4: Share Structure and History
Share Structure and History as at October 9, 2025 PRICE SHARES Basic Outstanding 262,543,111 Options Outstanding $0.135-$0.41 16,378,331 Restricted Share Units Outstanding 8,830,000 Warrants Outstanding $0.08-$0.25 41,849,633 Fully Diluted 329,601,075 Newsletter Writer Coverage: Jeff Clark | The Gol
Slide 5: Goals & Milestones
Goals & Milestones Resource Expansion Drilling Maiden Mineral Resource Metallurgical Program Update MRE with Historic Consolidating District Resources Expanded to 50,000+ metres Estimate 2024 Q2 2025 Q3 -Q4 2025 Q3 -Q4 2025 Q1 2026 AND ONOING RECENT NEWS Scorpio Gold Announces $8 Million Private Pla
Slide 6: In a League of its Own?
In a League of its Own? 2025 MAIDEN MINERAL RESOURCE ESTIMATE 740,000 ounces Au at 1.26 g/t Au. 2026 + BEYOND Legend Development Project GOLD RECOVERY Active Mine 2025 MRE Historical open-pit production returned ~70% Au. Additional historical testing suggests 90+% Au is possible. GOLD GRADE A +1 g/t
Slide 7: Manhattan – MRE Next Steps
Manhattan – MRE Next Steps SCORPIO’S 12 - MONTH PLAN: Convert 400,000 oz to inferred in the Goldwedge and Manhattan open pit areas. Bring 300,000 oz Historic Resource to NI 43-101 compliant (Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo areas). Continuously drill targets near Goldwedge an
Slide 8: A Long History of Mining in Manhattan
A Long History of Mining in Manhattan The Manhattan Mining Boom: 1890 - Present • 1890: The first patented claim is mined in the Manhattan area (within Scorpio’s “Big Apple” claims). • 1905: The Manhattan District Gold Rush began, and the first gold mine was started on Scorpio Gold’s ground. • 1920-
Slide 9: The Manhattan District Geology
The Manhattan District Geology • Situated within the Shoshone Mountain range in Nevada, the Manhattan District is within the same caldera range as Kinross’s Round Mountain (+15M oz) mine. • Manhattan is hosted within the same Paleozoic basement rocks of Round Mountain. • The Manhattan District has b
Slide 10: Drilling Highlights
Drilling Highlights From To Intercept Gold Gold Drill Hole ID (m) (m) (m) (g/t) (g-m) MWRC22-003 59.5 76.3 16.8 27.2 456.3 MWRC22-010 134.2 147.9 13.7 12.0 164.1 MWRC22-021 24.4 65.6 41.2 4.0 164.0 25MN-011 59.1 151.9 92.8 1.2 115.1 MWRC22-018 62.5 85.4 22.9 4.9 112.2 MWRC22-021 170.9 297.4 126.5 0.
Slide 11: Manhattan District Targets
Manhattan District Targets • All of Scorpio Gold’s Targets are past producing and can be connected through drilling. TSX.V: SGN OTCQB: SRCRF FSE: RY9 scorpiogold.com 11
Slide 12: Manhattan District Targets
Manhattan District Targets • As Scorpio Gold prepares data from historic resources, each target will continue to upgrade towards an advanced target. TSX.V: SGN OTCQB: SRCRF FSE: RY9 scorpiogold.com 12
Slide 13: Targets & MRE Mineralization
Targets & MRE Mineralization Goldwedge ~1,800 metres GAP ZONE Priority 1 Targets Priority 2 Targets TSX.V: SGN OTCQB: SRCRF FSE: RY9 scorpiogold.com 13
Slide 14: 2025 Phase 1 Drilling
2025 Phase 1 Drilling Gap Zone, located between the historic Goldwedge Underground and West Pit. Follow up of drill hole 24MN-009, with an interval of 1.69 g/t gold over 55.6 m. Mustang Hill’s historic underground mines. Follow up drilling on hole MWRC22-021, with an interval of 3.89 g/t Au over 41.
Slide 15: Metallurgy
Metallurgy Four distinct historical production profiles with slightly different flow sheets, from 1978-2012. Gold is non-refractory (free). Historical heap leach recovery of 77% (1989-1990 production data from Echo Bay). Previous flotation with gravity testing recoveries greater than 90%. 2025 Metal
Slide 16: Our Team
Our Team Zayn Kalyan Andrea Yuan Harrison Pokrandt Jeff Lindstrom CEO & Director CFO VP Exploration VP Operations Over 20+ years in the industry, Andrea has Nine years in mineral exploration and has An experienced investment banker and 30 years experience in the mining industry, significant experien
Slide 17: Thank you.
Thank you. Zayn Kalyan, CEO and Director zayn@scorpiogold.com Harrison Pokrandt, VP Exploration harrison@scorpiogold.com Investor Relations ir@scorpiogold.com TSX.V: SGN OTCQB: SRCRF FSE: RY9 scorpiogold.com October 2025
Slide 18: Appendix
SCORPIO. Appendix
Slide 19: Manhattan MRE
Manhattan MRE TSX.V: SGN OTCQB: SRCRF FSE: RY9 scorpiogold.com 19
Slide 20: AA to AA’
AA to AA’ TSX.V: SGN OTCQB: SRCRF FSE: RY9 scorpiogold.com 20
Slide 21: BB to BB’
BB to BB’ TSX.V: SGN OTCQB: SRCRF FSE: RY9 scorpiogold.com 21
Slide 22: BB to BB’ - Geology
BB to BB’ - Geology Geology Legend Tv: Tertiary volcanics Oza: Ordivician Zanzibar argillite Ozl: Ordivician Zanzibar limestone Cms: Cambrian Mayflower schist Cg: Cambrian Gold Hill Formation Cgsp: sandy phyllite B Cgq: quartzite BB B Cgm: marble ’ Cgp: phyllite NOTE: Figure from Slide 7 of Kinross
Slide 23: CC to CC’
CC to CC’ TSX.V: SGN OTCQB: SRCRF FSE: RY9 scorpiogold.com 23
Slide 24: DD to DD’ Long - Section
DD to DD’ Long - Section Goldwedge NOTE: Figure from Slide 7 of Kinross Manhattan Divestment Proposal (October 21, 2016). TSX.V: SGN OTCQB: SRCRF FSE: RY9 scorpiogold.com 24