Scorpio's Drilling of New High-Grade Lens Adjacent to North Extension of Deposit includes 16 metres grading 178.47 g/t Ag, 3.52% Zn, 0.61% Cu, 1.71% Pb and 0.19 g/t Au



    TSX:SPM

    VANCOUVER, Jan. 31 /CNW/ - Scorpio Mining Corporation (TSX:SPM) is
pleased to report additional underground drill intercepts into the new lens
discovery peripheral to the north extension of the Nuestra Senora deposit
(Reference: January 25, 2007 news release).
    Peter J. Hawley, Chairman, CEO reports, "We continue to be very impressed
with the extent of the mineralized system. The latest discoveries of multiple
high-grade lenses peripheral to the extensions of the Nuestra Senora are the
third and fourth new mineralized bodies discovered within a year. Using our
model on controls to mineralization, we are successfully building tonnage at
very low exploration cost. As we continue to make new discoveries and build on
our overall resource, we remain highly optimistic of the potential for a
long-term operation at Nuestra Senora."
    Table 1 presents new intercepts from the North Lens mineralization. New
assay data for the South Lens is pending.

    
                             Table 1. North Lens

    -------------------------------------------------------------------------
    Hole No.      From    To    Length       Ag      Au    Cu     Pb     Zn
                  (m)     (m)     (m)      (g/t)   (g/t)    %      %      %
    -------------------------------------------------------------------------
    NS8L-06-31    0.50    1.00   0.50     321.00   0.13   2.26   3.00  15.55
    -------------------------------------------------------------------------
                 10.00   26.00  16.00     178.47   0.19   0.61   1.71   3.52
    -------------------------------------------------------------------------
    Including    13.00   17.00   4.00     513.50   0.42   1.51   3.96   8.64
    -------------------------------------------------------------------------
    Including    13.00   14.00   1.00   1,110.00   0.35   1.67   2.49   6.22
    -------------------------------------------------------------------------
    Including    25.00   26.00   1.00     159.00   0.06   1.32   6.27   9.69
    -------------------------------------------------------------------------
                 87.00   89.00   2.00      43.00   0.08   0.06   1.55   4.32
    -------------------------------------------------------------------------
                110.00  112.50   2.50      57.20   0.22   0.26   1.03   3.60
    -------------------------------------------------------------------------
    NS8L-06-32    0.00    0.70   0.70      95.00   0.12   1.09   3.39   6.81
    -------------------------------------------------------------------------
                 11.90   16.60   4.70     283.34   0.58   1.16   4.37   6.93
    -------------------------------------------------------------------------
    Including    11.90   13.00   1.10     479.00   2.15   1.79   9.87  12.75
    -------------------------------------------------------------------------
                 46.90   47.80   0.90     220.00   0.18   0.04   0.89   0.35
    -------------------------------------------------------------------------
                 57.30   58.80   1.50     139.00   0.07   0.00   0.48   0.01
    -------------------------------------------------------------------------
                 90.80   91.20   0.40     146.00   0.11   0.00   3.61   1.36
    -------------------------------------------------------------------------
                 94.30   98.80   4.50      13.00   0.03   0.02   0.55   1.51
    -------------------------------------------------------------------------
    NS8L-06-33    0.00    2.90   2.90     125.93   0.15   1.04   1.71   3.74
    -------------------------------------------------------------------------
                 15.20   16.00   0.80     129.00   0.07   0.87   0.72   7.53
    -------------------------------------------------------------------------
                 20.40   21.40   1.00      45.00   0.04   0.49   0.55   2.61
    -------------------------------------------------------------------------
                 23.20   27.80   4.60     123.37   0.05   0.99   5.31   8.26
    -------------------------------------------------------------------------
    Including    25.00   27.80   2.80     191.11   0.07   1.60   8.36  12.74
    -------------------------------------------------------------------------
                 92.10   93.80   1.70     213.59   0.22   0.59   6.18   3.68
    -------------------------------------------------------------------------
                102.30  104.50   2.20      65.09   0.09   0.14   2.32   2.53
    -------------------------------------------------------------------------
    

    In addition, the cement plant for pouring the various footings of the
mill facility has arrived in Cosala, as well as the base of the primary
crusher plant, which will be the first piece of equipment installed. To date,
the mill equipment has been arriving in a timely fashion, and it is expected
that all equipment will be in Mexico by mid February 2007.
    Drill hole data in Table 1 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 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 the preparation of all technical
information provided in 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 at www.scorpiomining.com.

    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 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.





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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