Mr. Akiba Leisman reports

MARLIN GOLD INTERSECTS 8.59 G/T GOLD OVER 23 METERS AT THE LA TRINIDAD OPEN PIT HEAP LEACH GOLD MINE IN SINALOA, MEXICO

Marlin Gold Mining Ltd. has released assay results from the first exploration drilling campaign the company has done since 2011 at its wholly owned 118,000-hectare La Trinidad property in Sinaloa, Mexico.

Significant intersections are as shown in the table.

         LA TRINIDAD DRILL RESULTS

Hole        From    To  Interval     Gold 
              (m)   (m)       (m)    (g/t)

15TRD02       30    36         6     1.17
15TRD03       38    44         6     0.41
15TRD03       70    78         8     0.85
and           84   112        28     3.45
15TRD04       44    70        26     0.89
and           74   102        28     3.08
15TRD05       61    84        23     8.59
including     62    68         6     18.1

Dr. Matthew D. Gray, CPG, of Resource Geosciences Inc., a qualified person under the definitions of National Instrument 43-101, implemented and supervised industry standard quality assurance/quality control protocols for the Taunas drill sampling program, including insertion of duplicate and reference standard samples. Dr. Gray has verified the reliability of the drill sampling results reported in this press release.

No significant intersections were found in 15TRD01, 15TRD06 and 15TRD07.

A total of seven core holes has been completed at the Taunus pit. Holes 15TRD03, 15TRD04 and 15TRD05 targeted areas of the high-grade HS zone, where the nearest drill neighbour was greater than 35 metres away. Hole 15TRD06 targeted an area beyond the northern periphery of the HS zone to see if there were any northerly extensions to this zone. Hole 15TRD07 was intended to confirm waste areas for the optimized Taunus pit development. Holes 15TRD01 and 15TRD02 targeted areas in the lower-grade Eldorado zone. 15TRD07 and the first 36.25 m of 15TRD05 were drilled using standard HQ diamond drill tools; an HQ triple tube core barrel was used for the remainder of the diamond drilling.

The nearest drill neighbours to this program were 09TR015, 09TR022 and 11TRSN013 and can be seen on a longitudinal section along with the company's current drill locations at the company's website.

Significant intersections for these holes are as shown in the table.

Hole        From      To  Interval    Gold    Press release dated
              (m)     (m)       (m)   (g/t)
 
09TR015      124     190        66     5.3           May 20, 2009
including    124     167        43     7.6 
09TR022      120     141        21     8.6          July 16, 2009
including    120     130        10    17.4  
11TRSN013     37      61        24     7.7            May 5, 2011

Please see news releases from May 20, 2009, July 16, 2009, and May 5, 2011, for important technical disclosures about holes 09TR015, 09TR022 and 11TRSN013.

Executive chairman and interim chief executive officer Akiba Leisman stated: "These drill results are incredibly important for the company. We have not had any exploration drilling at any of Marlin's projects since 2011. Furthermore, the previous drilling at La Trinidad was limited by very difficult conditions which caused some areas of the high-grade HS zone to be drilled more widely spaced than what would be required for mine planning purposes. With a better understanding of our geology, we were able to target certain areas of the high-grade HS zone that were previously untested, and the results have not only confirmed areas of extremely high grade, but in certain areas have exceeded what we were previously modelling. The intersections are some of the highest grades globally for a heap-leach operation, and we look forward to begin mining this area in the second quarter of 2016."

Now that this Taunus pit drill program is complete, the company has moved its drill rig over to the company's San Carlos satellite target. Marlin has begun trial mining at San Carlos for bulk sampling and metallurgical testing purposes, and it aims to be continuously mining this area by September of this year.

These exceptional grades at Taunus bode well for operations in 2016, especially when coupled with significantly lower waste removal requirements. This will dramatically reduce the cost structure and increase the production profile of Marlin once the company begins mining this zone. In addition, there continues to be significant upside at the Taunus pit. The deposit is still open at depth, and a potential feeder system associated with the controlling North-South Chandler fault structure has not yet been discovered. As the company continues to mine down to benches below the 46 level it is currently mining, it will be able to target some of these areas after the San Carlos drilling is complete.

Marlin Gold increases short-term loan facility

Marlin has entered into an amended and restated loan agreement providing Marlin with a $2-million (U.S.) increase to its existing unsecured facility from entities controlled by Wexford Capital, Marlin's controlling shareholder. The aggregate principle of the facility is now $13-million (U.S.).

The facility will mature one year from the first anniversary of the initial advance under the facility and will accrue interest daily at a rate of 15 per cent per annum. Marlin intends to use the proceeds of the facility for general corporate expenses and working capital. All waivers and consents necessary to complete this facility have been received from Marlin's senior lender, Sprott Resource Lending Partnership.

Wexford Capital is an insider (as defined in applicable securities laws) of the company. Pursuant to Multilateral Instrument 61-101, the facility is considered a related-party transaction. The facility is exempt from the requirements to obtain a formal valuation or minority shareholder approval, as the facility has no equity or voting component. The facility was considered and approved by the board of directors of the company, other than the directors of the company who are also affiliated with Wexford, who abstained from such approval. There was no materially contrary view or abstention by any director approving the facility.

Annual general meeting results

All matters put forth by the board of directors at the annual general meeting held on July 30, 2015, in Vancouver, B.C., were approved by shareholders.

We seek Safe Harbor.