Scorpio Gold {TSX.V: SGN} surprised the market by announcing that Steve Roebuck, their President, had stepped down with immediate effect.

CEO Peter Hawley will assume the position of President as well as that of CEO.

Comment

This comes as a bit of a surprise to me, as Steve Roebuck was fully committed to Scorpio Gold in my experience.

I think one can only conclude that this may have come about as a result of the recent cancelled $15 million financing. I wondered at the time whether there would be any repercussions over that, and now Steve has left the company.

There may be no connection whatsoever of course, I am only speculating, and expressing my own thoughts.

I think he did an excellent job personally.

News Release

Scorpio Gold Announces Change to Management

Vancouver, May 4, 2015 – Scorpio Gold Corp. {TSX-V: SGN} announces that Mr. Steve Roebuck has stepped down as President of the Company and as such Peter J. Hawley, current CEO, will assume the position of President in addition to CEO.

Peter J. Hawley, CEO reports, “On behalf of the Board and the entire Scorpio Gold team, I would like to thank Steve for all his work during the past three years. His dedication, professionalism and communication with our shareholders and potential investors during his tenure made sure that Scorpio Gold was brought front and center as a junior gold producer. We wish Steve all the best in his future endeavors.”

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Peter J. Hawley,
CEO

For further information contact:
Peter J. Hawley, CEO
Tel: 00 1 819 825 7618
Email: phawley@scorpiogold.com