Scorpio Provides December 2008 - January 2009 Update



    TSX:SPM

    VANCOUVER, Feb. 9 /CNW/ - Scorpio Mining Corporation (TSX:SPM) announces
achievement of commercial production and provides operational updates for
December 2008 and January 2009 for the 100% owned Nuestra Senora mine, Sinaloa
State, Mexico.
    Peter J. Hawley, Chairman, CEO reports, "January was our first month of
official commercial production at the Nuestra Senora mine and the month's
performance was very productive and cost efficient for the Company. When
compared with the 2009 budgeted costs, mill throughput rates, concentrate
production and recoveries, the Scorpio Team has outperformed expectations.
This plus the stability in the base metal prices and the increase in the
silver price has generated greater revenues and helped to contribute to a
solid performance for the start of 2009. Nuestra Senora operational details
for the last two months are as follows;"

    
               December and January 2009 Concentrate Synopsis

                                       --------------------
                                          2008       2009
                                        December   January
    -------------------------------------------------------
    Lead Concentrate Shipped
            (tonnes)                      139        140
    -------------------------------------------------------
    Zinc Concentrate Shipped
            (tonnes)                      0(*)       574
    -------------------------------------------------------
    Cu/Pb Concentrate Shipped
            (tonnes)                      419        0(*)
    -------------------------------------------------------
    (*) zinc concentrate shipped in lots
           of 500 tonnes or greater
    -------------------------------------------------------
    Lead Concentrate Inventory
            (tonnes)                      126        147
    -------------------------------------------------------
    Copper Concentrate Inventory
            (tonnes)                       69        195
    -------------------------------------------------------
    Cu/Pb Concentrate Inventory
            (tonnes)                      132        354
    -------------------------------------------------------
    Zinc Concentrate Inventory
            (tonnes)                      852        595
    -------------------------------------------------------



                                       ------------------------------
                                          2008       2009      2009
                                        December   January    Budget
    -----------------------------------------------------------------
           Tonnes Mined                   2,120     6,952     5,750
    -----------------------------------------------------------------
           Tonnes Milled                 11,424    12,183    11,500
    -----------------------------------------------------------------
           Days Milling                    16        16        17
    -----------------------------------------------------------------



    ------------------------------
       Average Mill Recoveries
       -----------------------
                                  -----------------------------------
                Ag (%)                    85%       89%       84%
                                  -----------------------------------
                Pb (%)                    85%       87%       79%
                                  -----------------------------------
                Cu (%)                    82%       81%       67%
                                  -----------------------------------
                Zn (%)                    80%       78%       83%
    -----------------------------------------------------------------


                             January 2009 Update

    -   The Company achieved official commercial production the 7th of
        January 2009.

    -   All-in Mexican operations costs for mining, milling and
        administration for January were $30.12 per tonne (budgeted $37.11 per
        tonne).

    -   Mill throughput per month in January reached 12,185 tonnes per month
        (budgeted 11,500 tonnes) for the 16 days of milling or 762 tonne per
        day.

    -   Recoveries at the mill increased to 87% for Pb (78.5% budgeted), 81%
        for Cu (66.5% budgeted), 78% for Zn (83% budgeted) and 89% (83.5%
        budgeted) for Ag.

    -   High grade ore extracted from the mine totalled 6,952 tonnes which
        was mixed at a 1:1 ratio with the development ore from stockpile No.1
        (January month end inventory of 48,113 tonnes) in order to provide a
        balanced feed grade to the mill and to maintain consistent
        concentrate recoveries.
    

    Additional company data and photos are available at the Company's 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 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. All samples other than underground muck 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 metal prices 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 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: Rich Kaiser, YES International: 1-800-631-8127,
001-757-306-6090 (outside North America), Email: yes@yesinternational.com

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