Nuestra Senora Main Zone Increases In Size With Underground Drilling Reporting 988 g/t Ag, 11.06% Zn, 2.36% Cu, 8.63% Pb and 0.729 g/t Au Over 1.90 Meters And 6.70 Meters Grading 325 g/t Ag, 3.89% Zn, 2.03% Cu, 1.18% Pb and 0.343 g/t Au



    TSX:SPM

    VANCOUVER, March 12 /CNW/ - Scorpio Mining Corporation (TSX:SPM) is
pleased to report additional underground drill results targeting the main zone
of the Nuestra Senora deposit from the 11th, 10th, 9th, 8th and 6th Levels of
the Nuestra Senora ramp at its 100% owned Nuestra Senora project, Sinaloa
State, Mexico.
    Peter J. Hawley, Chairman, CEO comments, "Drilling of the main zone of
the Nuestra Senora deposit continues to support the overall wide spread
mineralization modelled and is also allowing mineral resources to be converted
to reserves. Given the recent surge in metal prices, the planned start of
commissioning of the mill on March 31st, 2008 is well timed for the Company to
benefit from the higher prices of the various commodities."

    
    Table 1 - 11th Level Underground Drill Results- Nuestra Senora Main Zone

    -------------------------------------------------------------------------
    Hole No.        From      To    Length   Ag     Au     Cu     Pb     Zn
                     (m)     (m)      (m)   (g/t)  (g/t)    %      %      %
    -------------------------------------------------------------------------
    NS11L-07-182   141.60   142.50   0.90   196   0.052   0.76   1.11   1.37
    -------------------------------------------------------------------------
                   145.60   145.90   0.30   439   0.091   1.08   5.49   7.80
    -------------------------------------------------------------------------
                   159.90   160.40   0.50   125   0.068   0.03   0.32   3.31
    -------------------------------------------------------------------------
    NS11L-07-183    27.60    28.90   1.30   105   0.056   0.11   0.23   0.96
    -------------------------------------------------------------------------
                    40.30    43.70   3.40   356   0.419   0.69   0.01   0.41
    -------------------------------------------------------------------------
                    49.10    50.60   1.50   165   0.134   0.04   0.42   0.22
    -------------------------------------------------------------------------
                   193.30   194.80   1.50   114   0.051   0.63   0.54   2.43
    -------------------------------------------------------------------------
    NS11L-07-184    16.30    16.80   0.50   164   0.096   0.18   0.26   0.07
    -------------------------------------------------------------------------
    NS11L-07-186   127.60   128.50   0.90   105   0.097   0.57   0.05   0.02
    -------------------------------------------------------------------------
                   132.00   133.30   1.30   296   0.148   0.23   0.31   0.14
    -------------------------------------------------------------------------
                   159.15   160.60   1.45   158   0.158   1.52   0.27   0.76
    -------------------------------------------------------------------------
                   174.25   175.30   1.05   192   0.270   1.59   0.66   3.12
    -------------------------------------------------------------------------

    Table 2 - 10th Level Underground Drill Results- Nuestra Senora Main Zone

    -------------------------------------------------------------------------
    Hole No.        From      To    Length   Ag     Au     Cu     Pb     Zn
                     (m)     (m)      (m)   (g/t)  (g/t)    %      %      %
    -------------------------------------------------------------------------
    NS10L-07-97     22.50    30.00   7.50   304   0.139   0.02   1.68   0.92
    -------------------------------------------------------------------------
    NS10L-07-142   110.30   110.50   0.20    10   0.033   0.22   0.01  23.30
    -------------------------------------------------------------------------
    NS10L-07-143    61.90    62.30   0.40   127   0.007   0.01   2.10   2.41
    -------------------------------------------------------------------------
    NS10L-07-146   107.30   111.30   4.00   334   0.131   1.58   1.05   1.62
    -------------------------------------------------------------------------

    Table 3 - 9th Level Underground Drill Results- Nuestra Senora Main Zone

    -------------------------------------------------------------------------
    Hole No.        From      To    Length   Ag     Au     Cu     Pb     Zn
                     (m)     (m)      (m)   (g/t)  (g/t)    %      %      %
    -------------------------------------------------------------------------
    NS9L-07-120     64.80    65.80   1.00   164   0.102   0.02   0.77   0.05
    -------------------------------------------------------------------------
    NS9L-07-122         0     5.45   5.45    70   0.180   0.06   0.62   8.00
    -------------------------------------------------------------------------
                     8.20    11.60   3.40    87   0.130   0.01   0.47   2.61
    -------------------------------------------------------------------------

    Table 4 - 8th Level Underground Drill Results- Nuestra Senora Main Zone

    -------------------------------------------------------------------------
    Hole No.        From      To    Length   Ag     Au     Cu     Pb     Zn
                     (m)     (m)      (m)   (g/t)  (g/t)    %      %      %
    -------------------------------------------------------------------------
    NS8L-07-187      0.00     0.40   0.40   209   0.191   0.73   4.49  11.50
    -------------------------------------------------------------------------
                     5.30    10.30   5.00   213   0.169   0.07   1.27   1.37
    -------------------------------------------------------------------------
                    12.40    13.70   1.30   264   0.186   0.01   0.75   1.04
    -------------------------------------------------------------------------
                    25.20    31.90   6.70   325   0.343   2.03   1.18   3.89
    -------------------------------------------------------------------------
    NS8L-07-188      1.40     1.90   0.50   340   0.363   0.71  10.70   7.52
    -------------------------------------------------------------------------
                     5.90    11.30   5.40   331   0.599   0.29   1.83   2.33
    -------------------------------------------------------------------------
                    13.50    15.70   2.20   107   0.108   0.01   0.30   1.56
    -------------------------------------------------------------------------
    NS8L-07-189      1.60     2.70   1.10   160   0.173   0.01   0.39   0.05
    -------------------------------------------------------------------------
                     6.90     8.70   1.80   577   1.298   0.90   4.50   4.75
    -------------------------------------------------------------------------
    NS8L-07-190      0.60     0.90   0.30   120   0.044   0.55   3.69   5.65
    -------------------------------------------------------------------------
                     4.95    10.00   5.05   177   0.306   0.24   1.74   2.64
    -------------------------------------------------------------------------
                    13.10    15.00   1.90   988   0.729   2.36   8.63  11.06
    -------------------------------------------------------------------------
                    20.85    24.20   3.35   160   0.186   0.21   1.77   2.98
    -------------------------------------------------------------------------
                    34.80    36.90   2.10   129   0.192   0.05   0.90   0.58
    -------------------------------------------------------------------------
    NS8L-08-66      48.20    50.10   1.90    98   0.123   0.64   0.89  11.82
    -------------------------------------------------------------------------
                    52.40    56.50   4.10   174   0.131   0.06   2.16   0.94
    -------------------------------------------------------------------------
    NS8L-08-67       8.40    10.40   2.00   150   0.207   0.08   2.07   0.74
    -------------------------------------------------------------------------
                    23.30    24.60   1.30   275   0.290   0.88   4.04   2.94
    -------------------------------------------------------------------------
                    49.30    52.50   3.20   477   0.301   0.89   1.54   3.48
    -------------------------------------------------------------------------
    NS8L-08-68       9.80    10.60   0.80   105   0.115   0.82   0.92   1.75
    -------------------------------------------------------------------------
                    16.90    17.20   0.30   132   0.258   0.60   2.85   5.12
    -------------------------------------------------------------------------
    NS8L-08-69      54.80    55.55   0.75   642   0.560   0.10   4.81   6.67
    -------------------------------------------------------------------------
    NS8L-08-70       2.50     3.40   0.90    85   0.173   0.08   2.90   8.00
    -------------------------------------------------------------------------
                    43.60    45.75   2.15    80   0.227   0.22   3.03   4.04
    -------------------------------------------------------------------------
                    61.60    63.30   1.70   392   0.327   0.27   3.58  10.40
    -------------------------------------------------------------------------
                    76.20    76.80   0.60   484   0.230   0.00   2.06  15.05
    -------------------------------------------------------------------------
    NS8L-08-71      43.40    44.50   1.10   342   0.383   0.00   0.77   0.37
    -------------------------------------------------------------------------

    Table 5 - 6 Level Underground Drill Results - Nuestra Senora Main Zone

    -------------------------------------------------------------------------
    Hole No.        From      To    Length   Ag     Au     Cu     Pb     Zn
                     (m)     (m)      (m)   (g/t)  (g/t)    %      %      %
    -------------------------------------------------------------------------
    NS6L-07-21     148.40   151.10   2.70   114   0.176   0.28   2.78   2.55
    -------------------------------------------------------------------------
    

    Drillhole data in the tables reflect 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 Senora 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 Senora 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 Senora 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
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

    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 or development 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, mine development priorities, continued
availability of capital and financing, and general economic, market or
business conditions.





For further information:

For further information: 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

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