August 5

Scorpio Begins Shipments Of Concentrates From Its 100% Owned Nuestra Senora Project, Sinaloa State, Mexico.

Scorpio Mining Corporation (TSX:SPM) is very pleased to announce that on Tuesday, July 29th, 2008 it started shipping lead concentrate from its 100% owned Nuestra Senora project, Sinaloa State, Mexico.

Peter J. Hawley, Chairman, CEO reports, \"Last week was very exciting for the Company as it marks a milestone towards receiving this quarter our first ever cash flow from the project. Currently we are only consistently running one of the two ball mills at an average rate for the month of July of 625 tonnes per day as the mill tune-up nears completion. It is interesting to note that on one day in the month the Company ran 1,048 tonnes of material through both ball mills. First cash receipts for both the lead and zinc concentrates are expected approximately mid September 2008.\" Lead Concentrate

Last Tuesday July 29th, the Company made the first shipments of lead concentrate to the Penoles smelting facility in Mexico consisting of two concentrate trucks each carrying 35 tonnes. The start up grade of the concentrate satisfies an acceptable payment grade for smelting.

During the last week the mill facility has been improving not only the concentrate grade but recovery of all payable metals contained. For the month of July the Company produced an average of 8.20 tonnes of lead concentrate per day with an average grade of 54.51% lead and containing 2,225 grams per tonne silver.

Lead concentrate shipments will be made on a regular basis at the initial rate of one truck every 3 to 4 days with shipments increasing as the mill ramp up continues. Penoles accepts shipments until the 28th of each month at which time the monthly account is closed and the payment for the concentrates follows 15 days later.

Zinc Concentrate

Currently the Company has 300 tonnes of zinc concentrate ready to be shipped by truck to its port loading facility in Manzanillo, M�xico for transport to Asian smelters. The Company has contracted 5,000 tonnes of storage at the warehouse.

It is expected that in August the Company will begin shipment of the start up zinc concentrate. For the month of July the Company produced an average of 15.6 tonnes of zinc concentrate per day with an average grade of 48.14% zinc and containing 268 grams per tonne silver payable.

Regular zinc concentrate shipments will be made at the initial rate of one truck per every second day and will continue to increase as the mill ramp up continues. An advance payment will be made 15 days after the accumulation of a lot of 1,000 tonnes at the warehouse.

Further information on the Company and the Nuestra Senora project and photos of the first shipment are 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 planned shipments of concentrates and receipt of smelter payments, 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 and mill commissioning 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.

SOURCE: Scorpio Mining Corporation

Glenn Little, Jackson Little Holdings Ltd: (604) 930-4375, 1-888-930-4375, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.; Rich Kaiser, YES International: 1-800-631-8127, 001-757-306-6090 (outside North America), Email: This email address is being protected from spambots. You need JavaScript enabled to view it.