Scorpio's Underground Drilling of Santa Teresa Deposit Reports 32.8 metres grading 324 g/t Ag, 5.32% Zn, 0.30% Cu, 1.45% Pb and 10.1 metres grading 0.085 g/t Au and 269 g/t Ag, 7.04% Zn, 0.46% Cu, 7.26% Pb and 0.086 g/t Au



    TSX:SPM

    VANCOUVER, Jan. 16 /CNW/ - Scorpio Mining Corporation (TSX:SPM) is
pleased to report the first underground drill results targeting the Santa
Teresa body from the 9th level of the Nuestra Senora ramp on its 100% owned
Nuestra Senora project, Sinaloa State, Mexico.
    The Santa Teresa deposit mineralization is exposed at river level
approximately 150 metres northeast of the Santo Domingo and 250 metres east of
the Nuestra Senora deposit, both of which also outcrop at river level. The
Candelaria deposit outcrops on the canyon wall 150 metres above the river
level between the Santa Teresa and the Nuestra Senora.
    Peter J. Hawley, Chairman, CEO reports, "The previously reported surface
drilling of the Santa Teresa deposit (see May 30, 2007 and June 27, 2007 news
releases) was from one drill set up with holes drilled at various azimuths and
dips to outline the preliminary extent of the mineralization and guide
underground drilling. Surface hole NSS-07-81 intercepted 16.5 metres grading
116 g/t Au, 5.30% Zn, 0.28% Cu, 3.44% Pb and 0.207 g/t Au followed by
14.7 metres of 132 g/t Au, 3.61% Zn, 0.36% Cu, 3.02% Pb and 0.199 g/t Au.
    "Today's reported results are located approximately 180 metres vertically
below surface and drilled horizontally from the 9th level. The intercepted
mineralization lies only 17 metres from the haulage ramp and can be easily
accessed for extraction. The exploration team is very excited by the results
received and is focusing on follow-up drilling at the various levels based on
three dimensional modelling of the mineralized zone."
    "The Company continues to focus on defining the known mineralized bodies
to be incorporated into an integrated mine extraction plan while also
successfully exploring at depth and peripheral to these bodies. Based on these
early results, the Santa Teresa may have a size and grade similar to that of
the Hoag Zone which is presently being extracted."

    
      Table 1. Previously Reported Surface Drill Results - Santa Teresa

    -------------------------------------------------------------------------
    Hole No.    From     To    Length    Ag      Au      Cu      Pb      Zn
                (m)     (m)      (m)   (g/t)   (g/t)      %       %       %
    -------------------------------------------------------------------------
    NSS-07-67   5.50    8.20    2.70     92    0.098    0.33    4.34    8.24
    -------------------------------------------------------------------------
               11.50   13.90    2.40     53    0.055    0.10    2.81    3.71
    -------------------------------------------------------------------------
               21.20   23.50    2.30    109    0.078    0.23    5.15    7.83
    -------------------------------------------------------------------------
               27.80   28.80    1.00     24    0.048    0.01    1.37    1.99
    -------------------------------------------------------------------------
               31.40   33.60    2.20    204    0.351    0.29    3.17    0.72
    -------------------------------------------------------------------------
               34.70   36.70    2.00    109    0.142    0.22    3.68    3.31
    -------------------------------------------------------------------------
               49.10   50.30    1.20     85    0.020    0.18    4.68    6.47
    -------------------------------------------------------------------------
    NSS-07-68  11.30   12.90    1.60     77    0.103    0.14    4.12    6.01
    -------------------------------------------------------------------------
               13.80   17.00    3.20     82    0.113    0.15    3.93    5.09
    -------------------------------------------------------------------------
               21.70   22.90    1.20    145    0.476    0.35    6.45    7.59
    -------------------------------------------------------------------------
               25.60   26.60    1.00     34    0.046    0.08    2.00    2.70
    -------------------------------------------------------------------------
    NSS-07-69   9.20   11.00    1.80     38    0.068    0.10    1.63    3.06
    -------------------------------------------------------------------------
               12.20   13.70    1.50     73    0.099    0.14    3.75    5.19
    -------------------------------------------------------------------------
               15.80   18.50    2.70    127    0.177    0.14    6.12    8.49
    -------------------------------------------------------------------------
               24.20   25.30    1.10     63    0.086    0.04    1.96    2.03
    -------------------------------------------------------------------------
    NSS-07-70   5.80    7.40    1.60     87    0.115    0.13    4.12    8.18
    -------------------------------------------------------------------------
               22.20   31.30    9.10     97    0.320    0.41    2.15    4.05
    -------------------------------------------------------------------------
    NSS-07-71  18.00   19.80    1.80     70    0.227    0.04    2.22    3.26
    -------------------------------------------------------------------------
               20.50   27.30    6.80     54    0.116    0.16    2.22    3.27
    -------------------------------------------------------------------------
               28.40   29.80    1.40     55    0.083    0.17    1.91    2.15
    -------------------------------------------------------------------------
    NSS-07-72  24.40   25.50    1.10     66    0.140    0.18    2.55    6.67
    -------------------------------------------------------------------------
               26.10   30.20    4.10     62    0.079    0.18    2.84    3.98
    -------------------------------------------------------------------------
    NSS-07-80   2.80   12.00    9.20     46    0.142    0.09    1.92    3.40
    -------------------------------------------------------------------------
               13.00   14.00    1.00     47    0.376    0.08    2.02    2.07
    -------------------------------------------------------------------------
               15.00   16.30    1.30     54    0.083    0.10    2.46    4.75
    -------------------------------------------------------------------------
               44.20   50.00    5.80     95    0.132    0.26    4.30    5.61
    -------------------------------------------------------------------------
               51.00   53.00    2.00     80    0.237    0.11    3.10    3.40
    -------------------------------------------------------------------------
    NSS-07-81   2.40    6.00    3.60     85    0.173    0.13    3.58    4.79
    -------------------------------------------------------------------------
               16.50   18.00    1.50     40    0.061    0.06    1.73    2.45
    -------------------------------------------------------------------------
               21.00   37.50   16.50    116    0.207    0.28    3.44    5.30
    -------------------------------------------------------------------------
               39.00   53.70   14.70    132    0.199    0.36    3.02    3.61
    -------------------------------------------------------------------------



         Table 2. 9th Level Underground Drill Results - Santa Teresa

    -------------------------------------------------------------------------
    Hole No.     From     To    Length    Ag     Au      Cu      Pb      Zn
                 (m)     (m)      (m)   (g/t)  (g/t)      %       %       %
    -------------------------------------------------------------------------
    NS9L-07-77  49.00   50.00    1.00    215   0.226    0.61    1.37    0.22
    -------------------------------------------------------------------------
    NS9L-07-79   0.00    4.00    4.00     96   0.024    0.58    2.54    3.36
    -------------------------------------------------------------------------
                40.50   50.50   10.00    108   0.103    0.17    0.68    0.69
    -------------------------------------------------------------------------
    NS9L-07-81   9.00   22.00   13.00     98   0.021    0.30    1.30    1.27
    -------------------------------------------------------------------------
                37.00   38.00    1.00    127   0.018    0.44    3.04    2.35
    -------------------------------------------------------------------------
    NS9L-07-96  12.00   13.30    1.30     84   0.012    0.09    4.37    2.98
    -------------------------------------------------------------------------
                17.10   22.10    5.00    113   0.006    0.10    3.51    4.42
    -------------------------------------------------------------------------
                28.40   61.20   32.80    324   0.084    0.30    1.45    5.32
    -------------------------------------------------------------------------
    NS9L-07-97  17.10   27.20   10.10    269   0.085    0.46    7.26    7.04
    -------------------------------------------------------------------------
    

    Drillhole data in the table 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". 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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