Scorpio Begins Shipments Of Concentrates From Its 100% Owned Nuestra Senora Project, Sinaloa State, Mexico.



    TSX:SPM

    VANCOUVER, Aug. 5 /CNW/ - Scorpio Mining Corporation (TSX:SPM) is very
pleased to announce that on Tuesday, July 29th, 2008 it started shipping lead
concentrate from its 100% owned Nuestra Senora project, Sinaloa State, Mexico.
    Peter J. Hawley, Chairman, CEO reports, "Last week was very exciting for
the Company as it marks a milestone towards receiving this quarter our first
ever cash flow from the project. Currently we are only consistently running
one of the two ball mills at an average rate for the month of July of 625
tonnes per day as the mill tune-up nears completion. It is interesting to note
that on one day in the month the Company ran 1,048 tonnes of material through
both ball mills. First cash receipts for both the lead and zinc concentrates
are expected approximately mid September 2008."

    Lead Concentrate

    Last Tuesday July 29th, the Company made the first shipments of lead
concentrate to the Penoles smelting facility in Mexico consisting of two
concentrate trucks each carrying 35 tonnes. The start up grade of the
concentrate satisfies an acceptable payment grade for smelting.
    During the last week the mill facility has been improving not only the
concentrate grade but recovery of all payable metals contained. For the month
of July the Company produced an average of 8.20 tonnes of lead concentrate per
day with an average grade of 54.51% lead and containing 2,225 grams per tonne
silver.
    Lead concentrate shipments will be made on a regular basis at the initial
rate of one truck every 3 to 4 days with shipments increasing as the mill ramp
up continues. Penoles accepts shipments until the 28th of each month at which
time the monthly account is closed and the payment for the concentrates
follows 15 days later.

    Zinc Concentrate

    Currently the Company has 300 tonnes of zinc concentrate ready to be
shipped by truck to its port loading facility in Manzanillo, México for
transport to Asian smelters. The Company has contracted 5,000 tonnes of
storage at the warehouse.
    It is expected that in August the Company will begin shipment of the
start up zinc concentrate. For the month of July the Company produced an
average of 15.6 tonnes of zinc concentrate per day with an average grade of
48.14% zinc and containing 268 grams per tonne silver payable.
    Regular zinc concentrate shipments will be made at the initial rate of
one truck per every second day and will continue to increase as the mill ramp
up continues. An advance payment will be made 15 days after the accumulation
of a lot of 1,000 tonnes at the warehouse.

    Further information on the Company and the Nuestra Senora project and
photos of the first shipment are 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 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

    This news release includes certain statements that may be deemed
"forward-looking statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian securities
legislation. Forward-looking statements include, but are not limited to,
statements with respect to planned shipments of concentrates and receipt of
smelter payments, and Scorpio Mining Corporation's commitment to, and plans
for developing the Nuestra Senora Project. Generally, these forward-looking
statements can be identified by the forward-looking terminology such as
"plans", "expects"' or "does not expect", "is expected", "budget",
"scheduled", "estimates", "projects", "intends", "anticipates", or "does not
anticipate", or "believes", or "variations of such words and phrases or state
that certain actions, events or results "may", "can", "could", "would",
"might", or "will" be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, level of activity, performance or
achievements of Scorpio Mining Corporation to be materially different from
those expressed or implied by such forward-looking statements, including but
not limited to: risks related to the exploration and potential development and
construction of the Nuestra Senora Project, risks related to international
operations, construction and mill commissioning delays and cost overruns, the
actual results of current exploration, development and construction
activities, conclusions of economic evaluations, changes in project parameters
as plans continue to be refined, future prices of silver, zinc, copper, lead
and gold, as well as those factors discussed in the sections relating to risk
factors of our business filed in Scorpio Mining Corporation's required
securities filings on SEDAR, including its Annual Information Form dated 
March 26, 2008. Although Scorpio Mining Corporation has attempted to identify
important factors that could cause results to differ materially from those
contained in forward-looking statements, there may be other factors that cause
results to be materially different from those anticipated, described,
estimated, assessed or intended.
    There can be no assurance that any forward-looking statements will prove
accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. Scorpio Mining Corporation does
not undertake to update any forward-looking statements that are incorporated
by reference herein, except in accordance with applicable securities laws.





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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