Mr. Phillip Walford reports

MARATHON ANNOUNCES DRILLING STARTING AT NEW 1500-METER GOLD ZONE SW EXTENSION OF THE VICTORY GOLD TREND, VALENTINE LAKE GOLD CAMP, NEWFOUNDLAND

Marathon Gold Corp. has discovered multiple stacked, en-echelon QTP-Au (quartz-tourmaline-pyrite-gold) veining in newly exposed trench outcrop along a 1,500-metre strike length to the southwest of the Victory deposit. Visible gold has been identified in a number of the QTP veins within trenches and grab samples. The 350-metre-long 250S trench contains numerous shallow southwest-dipping closely stacked QTP veins with initial channel sampling returning 2.71 grams per tonne gold over nine metres. Grab samples returned up to 53.2 g/t Au, 29.95 g/t Au, 23.02 g/t Au, 17.34 g/t Au, 8.59 g/t Au and 8.09 g/t Au with numerous other samples retuning between one g/t and five g/t Au. This extensive new exposure of gold-bearing QTP veining is identical in appearance to the gold mineralization, alteration, and dominant vein orientation that characterizes the four currently known gold deposits of the Valentine gold camp.

"Recent prospecting and trenching led to the discovery of this new 1,500-metre-long gold trend to the southwest of the Victory deposit. The exploration crew has done a great job in bringing this area to the drilling stage. It is very exciting for Marathon Gold in providing additional open-pit resource potential," said Phillip Walford, president and chief executive officer of Marathon Gold. "We look forward to the weeks ahead as we commence drilling this new gold zone. This area gives us a new target to drill as we wait for winter conditions to continue resource drilling at the Sprite bog zone. The new area feeds into Marathon's goals to discover new gold deposits and increase the measured and indicated gold resources at known deposits as we advance towards a prefeasibility study."

Acknowledgments

Marathon acknowledges the financial support of the junior exploration assistance program, Department of Natural Resources, government of Newfoundland and Labrador.

Quality assurance/quality control

Sherry Dunsworth, MSc, PGeo, senior vice-president of exploration, Marathon's qualified person, has reviewed the contents for accuracy and has approved this press release on behalf of Marathon. Thorough QA/QC protocols are followed including the insertion of blanks and standards at regular intervals in each sample batch. Samples are analyzed for Au by fire assay (30 g) with atomic absorption finish at Eastern Analytical in Springdale, Nfld.

About Marathon Gold Corp.

Marathon Gold is a high-quality growth-oriented gold development company with a long-term strategy of moving the 100-per-cent-owned Valentine Lake gold camp through to production in central Newfoundland. Marathon recently completed a positive preliminary economic assessment that shows an average annual production of 188,500 ounces per year over the first 10 years, payback of 2.8 years, net present value (5 per cent) of $367-million (U.S.) and an internal rate of return of 25.3 per cent, all after tax. The Valentine Lake gold camp currently hosts four near-surface, mainly pit shell constrained deposits with measured and indicated resources totalling 2,137,100 ounces of gold at 1.99 g/t and inferred resources totalling 1,104,800 ounces of gold at 1.99 g/t.

We seek Safe Harbor.