Mr. Phillip Walford reports

INFILL DRILLING FURTHER ENHANCING THE MARATHON DEPOSIT, 1.41 G/T AU OVER 105.0 METERS & 2.67 G/T AU OVER 42.0 METERS, VALENTINE LAKE GOLD CAMP, NEWFOUNDLAND

Marathon Gold Corp. has released results from continued drilling success with the intersection of new wide and continuous intervals of gold mineralization at open-pit depths in both the footwall and hangingwall margins of the main mineralized corridor of the Marathon deposit. Drill holes MA-18-305 and MA-18-308 were both highly successful in penetrating wide intervals of high-grade gold within en-echelon stacked QTP veining including 1.41 grams per tonne gold over 105.0 metres with 4.59 g/t Au over 6.0 metres, 7.65 g/t Au over 4.0 metres, 4.90 g/t Au over 2.0 metres and 3.51 g/t Au over 2.0 metres in MA-18-305, and 2.67 g/t Au over 42.0 metres including 12.84 g/t Au over 4.0 metres, 7.23 g/t Au over 2.0 metres and 7.22 g/t Au over 2.0 metres in MA-18-308. These infill holes, as well as the other new drill holes, are to decrease the open-pit strip ratio and move inferred material into the measured and indicated resource categories.

"These great gold intercepts are expected to add significantly to the upgrading of the next Marathon resource update," said Phillip Walford, president and chief executive officer of Marathon Gold. "The current program of infill drilling certainly appears to be achieving our primary objectives of adding new ounces of gold to the global resource, moving inferred material into measured and indicated resource category, and decreasing open-pit strip ratios as we move towards a prefeasibility study."

 SIGNIFICANT ASSAY INTERVALS, MARATHON DEPOSIT, VALENTINE LAKE GOLD CAMP

DDH          From     To  Core length  True thickness    Gold   Gold (cut)*
              (m)    (m)          (m)             (m)   (g/t)         (g/t)

MA-18-304      24     27          3.0             2.9    2.75
               54     57          3.0             2.9    4.36
              111    116          5.0             4.8    9.53
including     111    113          2.0             1.9   23.30
              347    350          3.0             2.9    2.16
              410    418          8.0             7.6    2.23
including     415    418          3.0             2.9    5.20
including     429    432          3.0             2.9    3.62
              462    472         10.0             9.5    5.65
including     462    466          4.0             3.8   12.71
              514    517          3.0             2.9    3.11
MA-18-305      87     90          3.0             2.9    4.34
              111    114          3.0             2.9   14.97
              226    230          4.0             3.8    2.16
              267    372        105.0            99.8    1.41
including     267    268          1.0             1.0    5.21
including     302    303          1.0             1.0    6.52
including     319    325          6.0             5.7    4.59
including     328    330          2.0             1.9    3.51
including     352    354          2.0             1.9    4.90
including     368    372          4.0             3.8    7.65
MA-18-306     129    132          3.0             2.9    5.24
              316    323          7.0             6.7    5.67
including     316    319          3.0             2.9   12.26
              355    358          3.0             2.9    3.19
              541    553         12.0            11.4    3.82
including     543    547          4.0             3.8    9.90
MA-18-307      55     58          3.0             2.7    1.22
              113    117          4.0             3.6    0.94
              361    368          7.0             6.3    5.14
including     366    368          2.0             1.8   15.44
              407    410          3.0             2.7    2.25
              440    444          4.0             3.6    2.15
MA-18-308      64     68          4.0             3.8    0.97
               87    111         24.0            22.8    1.32
including      92     95          3.0             2.9    4.11
              147    189         42.0            39.9    2.67
including     147    149          2.0             1.9    7.22
including     157    159          2.0             1.9    7.23
including     171    175          4.0             2.9   12.84
including     179    180          1.0             1.0    4.58
including     188    189          1.0             1.0    7.62
              197    200          3.0             2.9    2.44
              376    379          3.0             2.9    1.83
              400    407          7.0             6.7    2.93
including     403    404          1.0             1.0   11.32
              427    432          5.0             4.8   11.93          9.85
including     430    432          2.0             1.9   28.34         23.12

* Cut to 45 g/t Au.

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. Drill core is cut in half with one half retained at site, the other half tagged and sent to Eastern Analytical Ltd. in Springdale, Nfld. All reported core samples are analyzed for Au by fire assay (30 grams) with AA finish. All samples above 0.10 g/t Au in economically interesting intervals are further assayed using metallic screen to mitigate the presence of coarse gold. Significant mineralized intervals are reported in the table as core lengths and estimated true thickness (90 to 95 per cent of core length).

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 oz of gold at 1.99 g/t.

We seek Safe Harbor.