Scorpio's Drilling on 9th Level of the Main Zone Reports 5.80 metres grading 308 g/t Silver, 11.52% Zinc, 1.73% Copper, 4.83% Lead and 0.192 g/t Gold at the Nuestra Senora Project, Sinaloa State, Mexico



    TSX:SPM

    VANCOUVER, July 3 /CNW/ - Scorpio Mining Corporation (TSX:SPM) is pleased
to announce additional underground drill results, including a wide zone of
mineralization, from the 9th Level of the Nuestra Senora deposit at the 100%
owned Nuestra Senora project, Sinaloa State, Mexico.
    Peter J. Hawley, Chairman, CEO reports, "Hole NS9L-08-132 is another
example of the robust nature of mineralization in the Nuestra Senora Main Zone
and its seven satellite zones that have been discovered peripheral to the
underground development. This hole targeted the center of the mineralization.
The other results reported below continue to define the shape and extent of
the mineralization."
    The underground drill holes presented in Table 1 were drilled from the
9th Level (approximately 160 metres below surface) as part of the ongoing
program to define the extent of the mineralization for mine planning and
upgrading of mineral resources.

    
    Table 1. 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-08-122     0.00    5.45    5.45     70   0.108   0.06   0.62   8.00
    -------------------------------------------------------------------------
    NS9L-08-123     2.10    4.60    2.50    190   0.170   0.29   4.07  10.71
    -------------------------------------------------------------------------
                   14.20   14.50    0.30  1,205   0.869   0.09  10.20   6.30
    -------------------------------------------------------------------------
    NS9L-08-124     0.00    7.50    7.50    126   0.301   0.04   0.88   4.90
    -------------------------------------------------------------------------
                   13.50   15.25    1.75    124   0.117   0.01   0.98   9.35
    -------------------------------------------------------------------------
                   45.55   46.25    0.70    131   0.037   0.01   1.14   3.14
    -------------------------------------------------------------------------
    NS9L-08-125     0.00    7.40    7.40    116   0.175   0.03   0.90  10.35
    -------------------------------------------------------------------------
                   39.00   40.00    1.00    131   0.062   0.01   5.60   0.34
    -------------------------------------------------------------------------
    NS9L-08-127    58.50   59.40    0.90    107   0.138   0.01   0.64   1.03
    -------------------------------------------------------------------------
    NS9L-08-129   106.20  107.50    1.30     70   0.061   0.00   2.41   5.54
    -------------------------------------------------------------------------
    NS9L-08-131    20.70   24.70    4.00    149   0.110   0.01   0.70   0.96
    -------------------------------------------------------------------------
    NS9L-08-132    22.30   23.00    0.70    396   0.308   0.86   5.83   4.61
    -------------------------------------------------------------------------
                   27.20   33.00    5.80    308   0.192   1.73   4.83  11.52
    -------------------------------------------------------------------------
                   35.40   35.80    0.40  1,595   0.274   0.63  13.05   1.88
    -------------------------------------------------------------------------
    NS9L-08-133    27.40   31.70    4.30    119   0.123   0.64   1.03   2.02
    -------------------------------------------------------------------------
                   34.50   39.40    4.90    262   0.148   0.38   1.42   1.30
    -------------------------------------------------------------------------
    

    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 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 the estimation of mineral reserves and mineral
resources, the results of drilling 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 doses
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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