Scorpio Mining Corporation Listing on Toronto Stock Exchange
 
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Vancouver, October 17, 2006 - Scorpio Mining Corporation (TSXV:SPM) announces that its common shares have been approved for listing by the Toronto Stock Exchange ("TSX"). The stock symbol "SPM" has been reserved for use for Scorpio Mining Corporation upon listing on the TSX.

The Company's common shares will be listed and posted for trading on the TSX at the opening of trading on Wednesday, October 18, 2006.

Peter J. Hawley, President & CEO Reports; "The Toronto Stock Exchange listing is another milestone for Scorpio's growth as a junior exploration and mining company. Scorpio is growing in every sense: a larger project with increasing resources, and now a listing on the big board with wider access to financial institutes. We are very proud of our achievements to date and wish to thank everyone for their support."

The common shares of the Company have been listed for trading on TSX Venture Exchange since February 22, 2000. The common shares will be delisted from the TSX Venture Exchange upon commencement of trading on the TSX.

ON BEHALF OF SCORPIO MINING CORPORATION

Peter J. Hawley
President & 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

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the content of this news release.


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