Scorpio Reports High-Grade Intercept of 1,158 g/t Ag, 29.95% Zn, 4.29% Cu, 8.34% Pb and 1.277 g/t Au over 3.7 metres from Deep Drilling from 11th Level
 
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Vancouver, October 2, 2007 - Scorpio Mining Corporation (TSX:SPM) is pleased to report additional underground drill results targeting the Nuestra Senora body from the 8th, 9th, 10.5 sub- level and 11th Levels of its 100% owned Nuestra Señora project, Sinaloa State, Mexico.

The results from drill holes NSUG-07-173 & 175 represent deep drilling below the area of estimated reserves and resources presented in the Company's June 14, 2007 news release, and allows for the continued building of the overall mineral resource. The mineralization within the deposit remains open at depth.

Table 1. 8th Level Underground Drill Results - Nuestra Senora Body




























































Hole #

From

(m)


To


(m)



Length


(m)



Ag


(g/t)



Au


(g/t)



Cu


%



Pb


%



Zn


%


NS8L-07-5913.5014.400.902030.1200.010.780.45
 33.0033.400.404230.2610.133.682.22
NS8L-07-601.203.502.302270.1840.010.7112.37
 15.9018.102.201321.1930.010.820.29

Table 2. 9th Level Underground Drill Results - Nuestra Senora Body



























































Hole #

From

(m)


To


(m)



Length


(m)



Ag


(g/t)



Au


(g/t)



Cu


%



Pb


%



Zn


%


NS9L-07-8792.7093.000.30940.3341.575.5516.50
 116.30117.801.501510.3830.460.340.13
 125.70128.703.001160.1520.310.660.23
 135.80142.106.302880.2131.574.958.66

Table 3. 10.5 Level Underground Drill Results - Nuestra Senora Body






























































































































































Hole #

From

(m)


To


(m)



Length


(m)



Ag


(g/t)



Au


(g/t)



Cu


%



Pb


%



Zn


%


NSUG-07-144 14.30 18.80 4.50 311 0.027 0.31 1.72 0.58
  22.90 25.30 2.40 209 0.168 0.29 2.35 0.75
NSUG-07-145 120.00 122.10 2.10 237 0.088 0.94 0.87 4.60
NSUG-07-149 69.60 70.60 1.00 184 0.113 0.33 0.06 0.20
NSUG-07-150 119.20 124.50 5.30 235 0.484 0.56 1.34 4.56
  200.80 201.50 0.70 107 0.080 0.15 0.57 0.07
NSUG-07-151 74.60 75.10 0.50 215 0.102 1.56 0.07 0.20
  77.30 78.00 0.70 121 0.120 0.24 1.55 3.75
  85.90 86.80 0.90 1,940 0.883 3.09 3.56 9.57
  91.80 94.30 2.50 248 0.167 0.80 4.33 2.87
NSUG-07-152 97.50 101.10 3.60 1670.111 0.27 0.53 1.65
  105.00 106.20 1.20 450 0.209 1.19 0.05 0.09
NSUG-07-161 74.10 76.40 2.30 448 0.547 0.43 2.20 0.94

Table 4. 11th Level Underground Drill Results - Nuestra Senora Body




































































































































































































































































































































































Hole #

From

(m)


To


(m)



Length


(m)



Ag


(g/t)



Au


(g/t)



Cu


%



Pb


%



Zn


%


NSUG-07-165 6.50 8.00 1.50 216 0.080 0.51 2.69 2.52
  11.00 12.00 1.00 129 0.029 0.44 0.50 1.75
NSUG-07-166 19.50 21.50 2.00 262 0.053 0.10 2.74 2.57
  186.30 197.80 11.50 207 0.061 0.68 0.50 1.47
  202.40 214.20 11.80 130 0.145 0.24 0.68 1.23
NSUG-07-168 42.40 42.70 0.30 299 0.128 0.07 1.09 1.61
  70.10 70.30 0.20 1,030 0.111 0.61 4.65 2.76
NSUG-07-169 160.10 163.40 3.30 123 0.069 0.40 0.38 0.35
  177.10 181.90 4.80 141 0.121 0.56 0.43 4.01
NSUG-07-170 136.40 136.65 0.25 191 0.293 4.23 0.08 0.01
  139.60 140.80 1.20 233 0.158 0.97 0.39 1.58
NSUG-07-171 160.90 161.20 0.30 119 0.073 0.88 0.42 8.08
NSUG-07-173 1.50 10.70 9.20 218 0.092 0.35 3.20 4.25
(Deep Drilling) 15.00 15.30 0.30 133 0.081 0.24 0.24 0.10
  59.10 60.10 1.00 162 0.802 0.40 1.39 4.04
  62.70 67.50 4.80 157 0.293 0.37 1.05 3.46
  70.20 71.40 1.20 360 0.252 1.06 6.29 12.30
  86.60 87.60 1.00 266 0.351 1.34 1.03 3.26
  117.90 118.60 0.70 189 0.214 0.87 1.61 4.46
  122.50 122.75 0.25 341 0.366 0.83 6.17 9.56
  132.10 135.80 3.70 1,158 1.277 4.29 8.34 29.95
NSUG-07-174 3.50 9.00 5.50 355 0.262 0.73 5.72 7.83
  35.90 36.80 0.90 116 0.079 0.46 0.19 1.14
  57.60 59.40 1.80 109 0.242 0.59 0.44 0.30
  66.80 67.20 0.40 122 0.059 0.35 1.92 3.54
  72.00 72.50 0.50 369 0.216 2.14 0.89 6.21
  117.80 120.30 2.50 709 0.194 0.22 2.32 0.87
NSUG-07-175 5.10 18.05 12.95 175 0.066 0.68 2.33 4.10
(Deep Drilling) 120.90 121.80 0.90 137 0.143 1.07 0.84 0.22
  124.50 129.10 4.60 75 0.401 0.52 0.73 2.01
  131.20 150.30 19.10 144 0.059 0.69 0.53 0.89

Drillhole data in the table reflects down hole core lengths and actual (uncut) grades. True widths cannot be reliably estimated at this time. Further information on the Company and the Nuestra Señora 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 Señora project. Mr. Scammell is responsible for the current exploration and development program and has reviewed the content of this release. All technical information for the Nuestra Señora property is obtained and reported under a formal quality assurance and quality control (QA/QC) program. Samples are shipped to the ALS Chemex preparation laboratory in Hermosillo, Mexico for drying, crushing and pulverizing. ALS Chemex, Hermosillo then sends the pulps by air-freight to ALS Chemex, Vancouver for assaying. Systematic assaying of standards and blanks are performed for the precision and accuracy; check assays are regularly conducted by SGS Lakefield Research. Details of the QA/QC program are available on the Company's website.

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.


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