Scorpio Mining Corporation

Scorpio's Mexico Team Fully Staffed and Ready for Production

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Vancouver, August 30, 2007 - Scorpio Mining Corporation (TSX:SPM) is pleased to report that as of early August 2007, the Company's 100% owned Mexican subsidiary, Minera Cosala SA de CV, has added the last of its key operating staff and is ready for production on its 100% owned Nuestra Senora deposit, Sinaloa State, Mexico.

Peter J. Hawley, Chairman, CEO reports, "With key senior mining/milling personnel in place directing their individual teams as a tight efficient work unit, we are set to push the project through to production. Scorpio is proud to have such a varied and experienced workforce as well as well respected leaders, and looks forward to supporting the team in their mandate to advance the project into production as soon as possible."

Scorpio's Minera Cosala Operations and Administration team will be hosting a booth at the 27th International Mining Congress in Veracruz, M�xico on October 10 - 13, 2007. Team members attending include President, Roger Scammell; Mine Manager, Eric Vinet; Chief Geologist, Richard Roy; Chief Mechanical Superintendent, Roger Labonte; Mining Engineer, Heladio Campos; Purchaser, Gabriel Morales and Office Manager, Claudia Rivera. If you are attending we invite you to please drop by and ask questions about our exciting project.

Minera Cosala - Key Personnel

Eric Vinet - Mine Manager

Eric is a Spanish-speaking graduate mining engineer with 18 years of world wide experience including Canada, Africa, Honduras and Mexico. He has spearheaded the team since July 2006. His past positions include mine manager of Breakwater's 700,000 tonne-per-year El Mochito silver-lead-zinc mine in Honduras, production engineer for Barrick's Bulyanhulu mine in Tanzania, Aur Resources' Louvicourt mine and Placer Dome's Sigma Mine in Quebec, and research engineer for the Canadian Government's Research Laboratory, CANMET in Quebec. Well respected by his colleagues worldwide, Eric will be the driving force in making the project a success.

Richard Roy - Chief Geologist

Richard is a bi-lingual professional geologist with over 19 years experience throughout North America. His past positions include Chief Geologist for Alexis Minerals' Aurbel and Lac Herbin mines, Aur Resources' Belmoral and Louvicourt mines and Placer Dome's Sigma Mine in Quebec. In addition, as a consultant working throughout Canada and Nevada, he supervised various gold, silver, copper, zinc, nickel and diamond exploration projects. His experience will guide the company through its production stage and compliment the exploration for potential new discoveries.

Denis Boivin - Senior Geologist

Denis is a qualified geoscientist fluent in Spanish with over 16 years in exploration in open pit and underground mine exploration within North and the Latin America. His expertise covers bore hole data management, digital deposit modeling, mineral resource estimations, block modeling, grade control and reconciliation. His broad range of expertise will allow the Company to continue to expand its resource/reserve inventory and in conjunction with geological modelling provide a more comprehensive understanding of the structural and mineralogical controls of the deposit(s) which will aid in future exploration.

Roger Labonte - Chief Mechanical Superintendent

Roger is proficient in Spanish and has over 31 years mechanical and superintendent experience at Les Mines Casa Berardi, Quebec, the Caribou Mine in New Brunswick and El Limon mine in Nicaragua. As Chief Mechanical Superintendent he oversees the Canadian mechanic trainers responsible for supervising and training the local Mexican labour work force in mechanical planning and preventive maintenance programs. His experience in preventive maintenance will be invaluable to the success of the mine as a consequence of increased production due to the availability of equipment.

Guido Di Lenardo - Mill Construction Manager

Guido is a professional engineer and architect, fluent in Spanish and has over 37 years of world wide experience including projects in North, Central and South America and China. His past projects include the Yscaycruz and Yaliyaku mines in Peru for Glencore and the El Pachon and La Granja Mines in Argentina and Chile. His expertise in the design, construction and start up of mill facilities adds to the strength of the Company.

Jose Rivera - Mill Superintendent

Jose has over 23 years as a mill processing professional in M�xico, specializing in flotation sequences and recoveries. Prior to joining the company he worked for Hecla Mining in the laboratory department and for the last 13 years was the mill superintendent for the La Choya mine in Senora State. His solid background in running mill facilities will facilitate a fast mill commissioning start up.

Further information on the Company and the Nuestra Se�ora project is available on the Scorpio Mining web site at: www.scorpiomining.com.

President, Mr. D. Roger Scammell, PGeo, is the Company's Qualified Person for the Nuestra Se�ora 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". All statements in this news release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration success, continued availability of capital and financing, and general economic, market or business conditions.