Scorpio Mining Corp. announced unaudited earnings results for the third quarter ended September 30, 2009. For the quarter, the company reported net earnings were $908,549 or $0.01 per share compared to net earnings of $462,634 or $0.00 per share in second quarter of 2008. The company reported unaudited operating results for the third quarter and nine months ended September 30, 2009. For the quarter, the company announced the Nuestra Senora mine operating earnings were $1,800,936 compared to $1,100,429 in the second quarter of 2009. For the first three quarters of 2009, contained metals produced in concentrates consisted of 2.817 million pounds of lead, 701,000 pounds of copper, 5.416 million pounds of zinc and 397,924 ounces of silver. The company announced the positive track record for 2009 should continue in the fourth quarter resulting in increased revenues per tone of concentrate sold. The company has set strict mandates for 2009 to show profitability, and to date has exceeded all goals set.

Scorpio Mining Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported earnings before income tax and non-controlling interest of CAD 652,652, earnings before non-controlling interest of CAD 652,652 on revenue of CAD 5,413,071 compared to loss before income tax and non-controlling interest of CAD 731,625, loss before non-controlling interest of CAD 731,625 for the same period last year. For the quarter comprehensive loss was CAD 1,043,708 against CAD 723,458, cash generated from operating activities of CAD 1,163,356 against cash used in operating activities of CAD 269,900 reported in the same period last year. Expenditure on producing mining properties was CAD 303,431. For the nine months, the company reported earnings before income tax and non-controlling interest of CAD 741,100, earnings before non-controlling interest of CAD 689,442 and net earnings of CAD 985,328 or CAD 0.01 per diluted share on revenue of CAD 12,317,106 compared to loss before income tax and non-controlling interest of CAD 4,706,837, loss before non-controlling interest of CAD 4,748,996 and net loss of CAD 4,723,844 or CAD 0.04 per diluted share for the same period last year. For the nine months period comprehensive loss was CAD 2,275,676 against CAD 4,723,844, cash generated from operating activities of CAD 3,033,850 against cash used in operating activities of CAD 2,960,523 reported in the same period last year. Expenditure on producing mining properties was CAD 1,699,618.

Scorpio Mining Corp. reported highlights of past drilling on the San Rafael deposit (Main, Upper, and 120 Zones), and the El Cajon deposit at the La Verde project, which is 100% owned by Platte River Gold Inc. The transaction remains subject to due diligence, definitive documentation and regulatory and shareholder approvals. All of these zones have been drilled out at 25-50 metre drill spacing and remain open to expansion. In addition, preliminary metallurgical work has been completed on the Main and 120 Zones at the San Raphael deposit and indicates normal recoveries. An internal study has reviewed the economics of exploitation of the deposits by open pit mining followed by underground extraction.