Exhibit 4.12

 

FORM 51-102F3
MATERIAL CHANGE REPORT

 

Item 1.Name and Address of Company – Scorpio Gold Corporation (the “Company”), #750 – 1095 W Pender Street, Vancouver, BC V6E 2M6

 

Item 2.Date of Material Change – August 25, 2025.

 

Item 3.News Release – A news release dated August 25, 2025 was disseminated through the facilities of Newsfile Corp. and subsequently filed under the Company’s profile on www.sedarplus.ca.

 

Item 4.Summary of Material Change – Through its wholly-owned subsidiary, Scorpio Gold (US) Corporation, the Company completed its sale of Mineral Ridge Gold, LLC, a wholly-owned subsidiary of Scorpio Gold (US) Corporation.

 

Item 5.Full Description of Material ChangePlease see full news release in attached Schedule “A”.

 

Item 6.Reliance on Section 7.1(2) or (3) of National Instrument 51-102 – Not applicable.

 

Item 7.Omitted Information – Not applicable.

 

Item 8.Executive Officer – Zayn Kalyan, CEO of the Company, is knowledgeable about the material change and this report. Mr. Kalyan can be contacted at (604) 252-2672.

 

Item 9.Date of Report –August 26, 2025.

 

 

 

 

SCHEDULE “A”

 

NEWS RELEASE DATED AUGUST 25, 2025

 

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