Scorpio Provides March 2009 Update



    TSX:SPM

    VANCOUVER, April 22 /CNW/ - Scorpio Mining Corporation (TSX:SPM) is
pleased to provide an operations update for March 2009 for the 100% owned
Nuestra Senora mine, Sinaloa State, Mexico.
    Peter J. Hawley, Chairman, CEO reports, "March 2009 was not only another
productive and cost-efficient month for the Company, but our best operational
month yet. The Scorpio team continues to outperform expectations set for 2009
and underground development continues on schedule in preparation for greater
access to mineable, low-cost, high-grade stopes. Underground delineation
drilling was recently initiated to define new stopes for extraction, expanding
the Company's long-term ability to respond to future increases in metal prices
by increasing the number and variety of potential active headings in the mine.
The Company is currently negotiating the offshore sale of its concentrates at
very reasonable terms for the next six months, commencing May 2009.
    The Nuestra Senora operational details for the month of March are as
follows:

    
                       March 2009 Concentrate Synopsis

    -------------------------------------------------------------------------
                                               2009             Contained
          Concentrate Shipped                 March           Silver Ounces
    -------------------------------------------------------------------------
       Lead Concentrate(1) (tonnes)               0                    0
    -------------------------------------------------------------------------
       Zinc Concentrate(2) (tonnes)           1,034                4,388
    -------------------------------------------------------------------------
       Copper Concentrate (tonnes)              106                8,247
    -------------------------------------------------------------------------
                 Total                    1,140 tonnes         12,635 ounces
    -------------------------------------------------------------------------

    (1) No lead concentrate was shipped during the month of March as the
        smelter contract had not been finalized. The contract was signed in
        late March and shipments of the 500 tonnes of concentrate will begin
        after the Easter holidays and be completed by the end of this month.
    (2) Zinc concentrate shipped in lots of 250 tonnes or greater.



    -------------------------------------------------------------------------
         Concentrate Inventory at              2009             Contained
                Month End                     March           Silver Ounces
    -------------------------------------------------------------------------
       Lead Concentrate (tonnes)                432               42,745
    -------------------------------------------------------------------------
       Zinc Concentrate (tonnes)                153                  635
    -------------------------------------------------------------------------
       Copper Concentrate (tonnes)               33                3,169
    -------------------------------------------------------------------------
      Copper/Lead Concentrate (tonnes)          214               20,551
    -------------------------------------------------------------------------
                  Total                     832 tonnes         67,100 ounces
    -------------------------------------------------------------------------



    -------------------------------------------------------------------------
      Concentrate Produced During the          2009             Contained
        20 Days of March Operations           March           Silver Ounces
    -------------------------------------------------------------------------
     Calculated Lead Concentrate (tonnes)       286               34,698
    -------------------------------------------------------------------------
     Calculated Zinc Concentrate (tonnes)       499                1,963
    -------------------------------------------------------------------------
    Calculated Copper Concentrate (tonnes)      134               14,013
    -------------------------------------------------------------------------
                   Total                    919 tonnes         50,674 ounces
    -------------------------------------------------------------------------



    -------------------------------------------------------------------------
                                               2009                 2009
       Total Tonnes Mined & Milled            March                Budget
    -------------------------------------------------------------------------
              Tonnes Mined                    7,848                5,750
    -------------------------------------------------------------------------
             Tonnes Milled                   15,260               11,500
    -------------------------------------------------------------------------
              Days Milling                       20                   17
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
          Average Mill Recoveries
    -------------------------------------------------------------------------
                 Silver (%)                   89.4%                  84%
    -------------------------------------------------------------------------
                  Lead (%)                    86.7%                  79%
    -------------------------------------------------------------------------
                 Copper (%)                   83.1%                  67%
    ------------------------------------------------------------------------
                  Zinc (%)                    79.3%                  83%
    -------------------------------------------------------------------------


                              March 2009 Update

    -   Mexican cash operating costs for mining, milling and administration
        for March 2009, were US$35.71(3) per tonne (budgeted US$37.11 per
        tonne).

    -   Mill throughput in March reached 15,260 tonnes (budgeted 11,500
        tonnes) for the 20 days of milling, or 763 tonnes per day.

    -   Recoveries at the mill increased to 86.7% for lead (78.5% budgeted),
        83.1% for copper (66.5% budgeted), 79.3% for zinc (83% budgeted) and
        89.4% for silver (83.5% budgeted).

    -   High-grade ore extracted from the mine totalled 7,848 tonnes and was
        mixed at a 3:2 ratio with lower-grade development ore. At month end,
        total stockpiled ore was 40,503 tonnes including 36,981 tonnes of
        development ore in stockpile No.1 and 3,522 tonnes of high-grade ore
        in stockpile No.2.

    -   A total of 50,674 ounces of silver were recovered for the month in
        addition to lead, zinc, copper credits.

    -   A total of 12,635 ounces of silver were shipped / sold for the month
        in addition to lead, zinc, copper credits.

    -   The Scorpio Mining team has balanced revenues and spending at the
        Nuestra Senora operation. The Company's plan is to produce a
        consistent tonnage and grade for the year ahead and is executing the
        plan accordingly. Development was initially planned at 130 metres per
        month, but as with the previous two months, March exceeded the
        budgeted amount with an advance of 175.8 metres. This increase will
        allow for more ore production from the cut & fill stopes for the
        remainder of the year. By accessing and developing a variety of
        working headings, the Company will have the option to increase the
        head grade at the mill by changing the mixing ratios of the ores from
        different areas. Ore production from the cut & fill stopes was 9,658
        tonnes for the month of March.

    -   As a result of the strike at its smelter in México, Penoles had sent
        a "Force Majeure Notice" informing the Company that they will not be
        able to receive our lead concentrate until the dispute is resolved.
        In the interim, the Company has committed to deliver 500 wet metric
        tonnes ("wmt") of lead concentrate for shipment to China by April 30,
        2009. Apparently Penoles has settled with the union and will be
        resuming operations later this month; however, the Company has not
        received a cancellation notice of the "Force Majeure". Accordingly,
        the Company is negotiating a lead off-take contract to cover the 6-
        month period of May through October 2009, should Penoles have further
        problems resuming operations.

    -   The Company will complete its commitment to deliver 1,500 wmt of zinc
        concentrate for shipment to a second smelter facility in China by the
        end of April 2009.

    -   In addition to the lead concentrate, the Company is finalizing six
        month (May to October) off-take contracts for its other concentrates
        of copper and zinc for delivery to the loading facility in
        Manzanillo, Mexico, located 700 km by road from the mill site.

    -   On March 30, 2009, an underground diamond drilling program was
        initiated to better define future high-grade cut and fill stopes.
        These stopes are scheduled for mining in the next few months and will
        provide more flexibility for mixing with lower-grade stopes and/or
        assuring constant production when ongoing stopes reach their backfill
        cycle.
    

    Further information is available on 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 and has reviewed the content of this release.

    
    ON BEHALF OF SCORPIO MINING CORPORATION

    Peter J. Hawley
    Chairman & CEO

    (3) Cash operating costs per tonne is a non GAAP measure. The Company
        believes that, in addition to cost of sales, cash operating costs per
        tonne is a useful and complementary benchmark for performance and is
        well understood and widely reported in the silver mining industry.
        However, cash operating costs per tonne does not have a standardized
        meaning prescribed by Canadian GAAP. Investors are cautioned that
        cash operating costs per tonne should not be construed as an
        alternative to cost of sales determined in accordance with Canadian
        GAAP as an indicator of performance. The Company's method of
        calculating cash costs per tonne may differ from the methods used by
        other entities and, accordingly, the Company's cash operating costs
        per tonne may not be comparable to similarly titled measures used by
        other entities. Cash operating costs per tonne is calculated as the
        cost of sales adjusted for change in inventories.
    

    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 concentrate shipments, mining plans 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 27, 2009. 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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