On May 28, 2014, Scorpio Mining Corporation issued a statement in response to Tocqueville Asset Management, L.P.'s notice of nomination. In its statement, the Company expressed its view that Tocqueville Asset Management's notice does not comply with the advance notice provisions of the Company's by-laws respecting the nomination of directors and is therefore invalid. Further, the Company stated that it is taking steps to obtain a declaration from the Ontario Superior Court of Justice to confirm that Tocqueville Asset Management's notice is invalid.