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Scorpio Commences Production Mining at the Nuestra Senora Project, Mexico

24.04.2008  |  vom Unternehmen
Vancouver, April 24, 2008 - Scorpio Mining Corporation (TSX:SPM) is pleased to announce the commencement of production mining from the first stope in the Hoag Zone at its 100% owned Nuestra Senora project, Sinaloa State, Mexico. The Hoag Zone has been developed on three levels and stope preparation is virtually complete for long-hole mining.

The first long-hole production blast in Block 10-15 of the Hoag zone was completed on Friday April 18, 2008, and since then long-hole drilling has been completed for the entire block. With this first production blast, block 10-15 is now open on its full width of 20 metres. It is located between levels 10 and 10.5 and contains a total of 21,298 metric tonnes (MT). The first blast of this stope provides an extra 3,866 MT to the stockpiles, which currently contain 79,000 MT. A second stope from the Hoag zone, Block 10-13, is ready and will eventually provide to the operation another 30,804 MT.

Peter J. Hawley, Chairman, CEO comments, "The first long-hole production blast in Block 10-15 represents one more important benchmark the Company has achieved according to schedule and within budget. The development in ore has confirmed the continuity and homogeneity of the mineralization within the Hoag Zone and supports our planned mining method. The production ore will be transported to the current Stockpile #2 at the mill site, which will be processed following mill commissioning from development ore in Stockpile #1. In addition to the Hoag Zone, development and stope preparation is ongoing in the Main NW and Santa Teresa Extension zones, where long-hole and room-and-pillar mining methods will be used. Along with other areas currently being prepared for higher grade selective mining, we are confident that we will achieve full production according to schedule."

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.


ON BEHALF OF SCORPIO MINING CORPORATION

Peter J. Hawley
Chairman & CEO




For further information contact:
Glenn Little, Jackson Little Holdings Ltd: 604-930-4375; 1-888-930-4375
Email: jlconsulting@telus.net
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 future price of silver, zinc, copper, lead and gold, the timing of construction and production activities, the mine life of the Nuestra Señora Project, the economic viability and estimated internal rate of return of the Nuestra Señora Project, the estimation of mineral reserves and mineral resources, the results of drilling, estimated future capital and operating costs, projected mineral recovery rates, requirements for additional financing and Scorpio Mining Corporation´s commitment to, and plans for developing the Nuestra Señora 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 Señora 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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