Scorpio Gold Announces Approval to List American Depositary Shares on the NASDAQ Capital Market Under the Symbol "SGLD"

Scorpio Gold Corporation (SGN) has received regulatory approval to list American Depositary Shares (ADSs) on the NASDAQ Capital Market under the ticker "SGLD". Trading is scheduled to commence on September 1, 2026. Each ADS represents twenty (20) common shares, with The Bank of New York Mellon acting as the depositary. To unify the company's identity across both exchanges, the TSX Venture Exchange ticker will change from "SGN" to "SGLD". The structure explicitly avoids a share consolidation, preserving the existing capital structure and home-market liquidity.

Additionally, the company extended a marketing services agreement with Investor Insights Systems Inc. (IIS) for a three-month term at a cost of US$100,000. IIS holds 200,000 stock options in the company.

Scorpio Gold Corporation (SGN) has completed its listing on the NASDAQ, an expected incremental step following the company’s July 27, 2026 announcement of its intention to pursue the listing. The move provides access to a deeper pool of U.S. capital and broadens visibility among American investors without altering the Canadian share structure or requiring a reverse split.

The announcement does not immediately impact the company's financial position, cash flow, or underlying asset value. However, the associated marketing agreement introduces a minor cash outlay and a related-party equity component. While standard for junior explorers, this structure warrants monitoring for ongoing dilution. Overall, the news represents a routine corporate milestone that aligns with the company's stated growth strategy and does not constitute a material shift in fundamentals.

Scorpio Gold Corporation is a pre-revenue exploration company focused on the Manhattan District in Nye County, Nevada. The project spans approximately 4,780 hectares and is located roughly 20 kilometers south of Kinross Gold's operating Round Mountain Mine. The district has a historical production of approximately 700,000 ounces of gold from placer and lode operations dating back to the late 1890s.

The flagship asset includes the Goldwedge Mine, which features a permitted 400-ton-per-day gravity mill. A maiden Mineral Resource Estimate (MRE) filed in June 2025 reported 18.34 million tonnes grading 1.26 g/t gold for 740,000 ounces contained gold (Inferred category). The company is currently executing a Phase 2 drilling program targeting 50,000 metres to expand the resource and convert historical non-compliant estimates.