Scorpio Gold Corp. (NASDAQ: SGLD) commenced trading of its American Depositary Shares on the Nasdaq Capital Market under the ticker symbol "SGLD" on September 1, 2026.

Each ADS represents 20 common shares of the company. The ADS program is administered by The Bank of New York Mellon as depositary.

The Nasdaq listing does not affect the company's existing listings. Common shares will continue to trade on the TSX Venture Exchange under the symbol "SGLD," on the OTCQB Venture Market under "SRCRF," and on the Frankfurt Stock Exchange under "RY9."

Shareholders may convert common shares into ADSs at any time by instructing their broker or financial intermediary to deposit shares with BNY, which will then issue ADSs at a ratio of one ADS per 20 common shares. ADS holders may also cancel their ADSs and withdraw the underlying common shares at any time. Conversion is optional and existing shareholders are not required to take any action.

ADS issuance fees will be waived through November 25, 2026. Starting November 26, 2026, the applicable fee will be $5.00 per 100 ADSs, rounded up to the nearest 100 ADSs.

Scorpio Gold holds a 100% interest in the Manhattan District in Nevada's Walker Lane Trend, comprising approximately 4,780 hectares, including the Goldwedge Mine and four past-producing pits acquired from Kinross in 2021.