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Nuestra Senora Main Zone Increases In Size WithUnderground Drilling Reporting 988 g/t Ag, 11.06% Zn, 2.36% Cu, 8.63%Pb and 0.729 g/t Au Over 1.90 Meters And 6.70 Meters Grading 325 g/tAg, 3.89% Zn, 2.03% Cu, 1.18% Pb and 0.343 g/t Au

08:00 EDT Wednesday, March 12, 2008

TSX:SPM

VANCOUVER, March 12/CNW/ - Scorpio Mining Corporation (TSX:SPM) is pleased to reportadditional underground drill results targeting the main zone of theNuestra Senora deposit from the 11th, 10th, 9th, 8th and 6th Levels ofthe Nuestra Senora ramp at its 100% owned Nuestra Senora project,Sinaloa State,Mexico.

Peter J. Hawley, Chairman, CEO comments, "Drilling of the main zoneof the Nuestra Senora deposit continues to support the overall widespread mineralization modelled and is also allowing mineral resourcesto be converted to reserves. Given the recent surge in metal prices,the planned start of commissioning of the mill onMarch 31st, 2008 is well timed for the Company to benefit from the higher prices of the various commodities."

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Table 1 - 11th Level Underground Drill Results- Nuestra Senora Main Zone

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Hole No.        From      To    Length   Ag     Au     Cu     Pb     Zn
(m)     (m)      (m)   (g/t)  (g/t)    %      %      %
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NS11L-07-182   141.60   142.50   0.90   196   0.052   0.76   1.11   1.37
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145.60   145.90   0.30   439   0.091   1.08   5.49   7.80
-------------------------------------------------------------------------
159.90   160.40   0.50   125   0.068   0.03   0.32   3.31
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NS11L-07-183    27.60    28.90   1.30   105   0.056   0.11   0.23   0.96
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40.30    43.70   3.40   356   0.419   0.69   0.01   0.41
-------------------------------------------------------------------------
49.10    50.60   1.50   165   0.134   0.04   0.42   0.22
-------------------------------------------------------------------------
193.30   194.80   1.50   114   0.051   0.63   0.54   2.43
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NS11L-07-184    16.30    16.80   0.50   164   0.096   0.18   0.26   0.07
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NS11L-07-186   127.60   128.50   0.90   105   0.097   0.57   0.05   0.02
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132.00   133.30   1.30   296   0.148   0.23   0.31   0.14
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159.15   160.60   1.45   158   0.158   1.52   0.27   0.76
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174.25   175.30   1.05   192   0.270   1.59   0.66   3.12
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Table 2 - 10th Level Underground Drill Results- Nuestra Senora Main Zone

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Hole No.        From      To    Length   Ag     Au     Cu     Pb     Zn
(m)     (m)      (m)   (g/t)  (g/t)    %      %      %
-------------------------------------------------------------------------
NS10L-07-97     22.50    30.00   7.50   304   0.139   0.02   1.68   0.92
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NS10L-07-142   110.30   110.50   0.20    10   0.033   0.22   0.01  23.30
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NS10L-07-143    61.90    62.30   0.40   127   0.007   0.01   2.10   2.41
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NS10L-07-146   107.30   111.30   4.00   334   0.131   1.58   1.05   1.62
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Table 3 - 9th Level Underground Drill Results- Nuestra Senora Main Zone

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Hole No.        From      To    Length   Ag     Au     Cu     Pb     Zn
(m)     (m)      (m)   (g/t)  (g/t)    %      %      %
-------------------------------------------------------------------------
NS9L-07-120     64.80    65.80   1.00   164   0.102   0.02   0.77   0.05
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NS9L-07-122         0     5.45   5.45    70   0.180   0.06   0.62   8.00
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8.20    11.60   3.40    87   0.130   0.01   0.47   2.61
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Table 4 - 8th Level Underground Drill Results- Nuestra Senora Main Zone

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Hole No.        From      To    Length   Ag     Au     Cu     Pb     Zn
(m)     (m)      (m)   (g/t)  (g/t)    %      %      %
-------------------------------------------------------------------------
NS8L-07-187      0.00     0.40   0.40   209   0.191   0.73   4.49  11.50
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5.30    10.30   5.00   213   0.169   0.07   1.27   1.37
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12.40    13.70   1.30   264   0.186   0.01   0.75   1.04
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25.20    31.90   6.70   325   0.343   2.03   1.18   3.89
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NS8L-07-188      1.40     1.90   0.50   340   0.363   0.71  10.70   7.52
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5.90    11.30   5.40   331   0.599   0.29   1.83   2.33
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13.50    15.70   2.20   107   0.108   0.01   0.30   1.56
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NS8L-07-189      1.60     2.70   1.10   160   0.173   0.01   0.39   0.05
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6.90     8.70   1.80   577   1.298   0.90   4.50   4.75
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NS8L-07-190      0.60     0.90   0.30   120   0.044   0.55   3.69   5.65
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4.95    10.00   5.05   177   0.306   0.24   1.74   2.64
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13.10    15.00   1.90   988   0.729   2.36   8.63  11.06
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20.85    24.20   3.35   160   0.186   0.21   1.77   2.98
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34.80    36.90   2.10   129   0.192   0.05   0.90   0.58
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NS8L-08-66      48.20    50.10   1.90    98   0.123   0.64   0.89  11.82
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52.40    56.50   4.10   174   0.131   0.06   2.16   0.94
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NS8L-08-67       8.40    10.40   2.00   150   0.207   0.08   2.07   0.74
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23.30    24.60   1.30   275   0.290   0.88   4.04   2.94
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49.30    52.50   3.20   477   0.301   0.89   1.54   3.48
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NS8L-08-68       9.80    10.60   0.80   105   0.115   0.82   0.92   1.75
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16.90    17.20   0.30   132   0.258   0.60   2.85   5.12
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NS8L-08-69      54.80    55.55   0.75   642   0.560   0.10   4.81   6.67
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NS8L-08-70       2.50     3.40   0.90    85   0.173   0.08   2.90   8.00
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43.60    45.75   2.15    80   0.227   0.22   3.03   4.04
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61.60    63.30   1.70   392   0.327   0.27   3.58  10.40
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76.20    76.80   0.60   484   0.230   0.00   2.06  15.05
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NS8L-08-71      43.40    44.50   1.10   342   0.383   0.00   0.77   0.37
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Table 5 - 6 Level Underground Drill Results - Nuestra Senora Main Zone

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Hole No.        From      To    Length   Ag     Au     Cu     Pb     Zn
(m)     (m)      (m)   (g/t)  (g/t)    %      %      %
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NS6L-07-21     148.40   151.10   2.70   114   0.176   0.28   2.78   2.55
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>>

Drillhole data in the tables reflect down hole core lengths andactual (uncut) grades. True widths cannot be reliably estimated at thistime. Further information on the Company and the Nuestra Senora projectis 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. Scammellis responsible for the current exploration and development program andhas reviewed the content of this release. All technical information forthe Nuestra Senora property is obtained and reported under a formalquality assurance and quality control (QA/QC) program. Samples areshipped 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, Vancouverfor assaying. Systematic assaying of standards and blanks are performedfor precision and accuracy; check assays are regularly conducted by SGSLakefield Research. Details of the QA/QC program are available on theCompany'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 futureexploration drilling, exploration or development activities and eventsor developments that the Company expects, are forward lookingstatements. Although the Company believes the expectations expressed insuch forward-looking statements are based on reasonable assumptions,such statements are not guarantees of future performance and actualresults or developments may differ materially from those inforward-looking statements. Factors that could cause actual results todiffer materially from those in forward-looking statements includemetal prices, exploration success, mine development priorities,continued availability of capital and financing, and general economic,market or business conditions.

For further information: Glenn Little, Jackson Little Holdings Ltd:[phone], 1-888-930-4375, Email: [e-mail]; RichKaiser, YES International: 1-800-631-8127, 001-757-306-6090 (outsideNorth America), Email: [e-mail]