Mr. Akiba Leisman reports

MARLIN GOLD MINING LTD. ENTERS INTO NEW MINING CONTRACT TO DOUBLE MINING RATE

Marlin Gold Mining Ltd. has executed a new mining contract that will nearly double the company's mining rate at its La Trinidad mine in Sinaloa, Mexico. The new contract has a minimum tonnage guarantee of 1.5 million tonnes per month, which is nearly twice the current mining rate. Fleet mobilization has commenced, and the company expects to be mining with this new fleet in early March. This will allow Marlin to begin accessing the high-grade HS zone of its La Trinidad mine in the second quarter of 2016. The company has 4.2 million tonnes of waste to remove at La Trinidad, at which time the high-grade HS zone will make Marlin one of the lowest-cost operations globally.

Management was fortunate to use this prolonged downturn in the precious metal space to procure a nearly new fleet that was recently in use at one of Mexico's two largest gold mines.

The cost of the mining contract is $1.50 (U.S.) per tonne of material moved indexed to a Mexican diesel price of 73 U.S. cents per litre. Current Mexican diesel prices are approximately 65 U.S. cents per litre, which is nearly twice as much as international markets. Based on current prices, the company expects to pay approximately $1.45 (U.S.) per tonne of material moved, and as Mexico begins the process of energy liberalization, this number could potentially be materially lower. This compares favourably with the $1.59 (U.S.) per tonne that the company is currently paying its current contractor, at far lower tonnage rates.

Marlin is currently negotiating with its current mining contractor on its fleet demobilization, and the company wishes it well on its future endeavours.

We seek Safe Harbor.