Scorpio's Mexican Subsidiary Enters Into Agency Agreement for Marketing of Production Concentrates from the Nuestra Senora Mine, Mexico



    VANCOUVER, June 16 /CNW/ - Scorpio Mining Corporation (TSX: SPM) is
pleased to announce that its Mexican subsidiary, Minera Cosala SA de CV, has
entered into an Agency Agreement with Ocean Partners U.S.A., Inc. for the
marketing worldwide of its production concentrates from the 100% owned Nuestra
Senora mine, Sinaloa State, Mexico. With the assistance of Ocean Partners,
Scorpio expects to finalize arrangements for the offtake and smelter of its
lead and zinc concentrates from Nuestra Senora within the next few weeks.
Commissioning of the processing mill at Nuestra Senora is expected to be
completed by July 2008.

    Ocean Partners is a global trader of copper, zinc and lead concentrates
with its main offices in the United Kingdom and the United States and with a
network of other offices and agents throughout the world. Ocean acts primarily
as a principal in its trading activities, but also selectively as marketing
agent for a number of mining companies, including Scorpio Mining Corporation.
    President, Mr. D. Roger Scammell, PGeo, is the Company's Qualified Person
for the Nuestra Senora project and has reviewed the contents of this release.

    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 timing of development and production activities
at the Nuestra Senora Project 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 statements 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: 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

Organization Profile

Scorpio Mining Corporation

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890