Mr. Akiba Leisman reports

MARLIN GOLD CLOSES PREVIOUSLY ANNOUNCED BROKERED PRIVATE PLACEMENT AND CONCURRENT NON-BROKERED PRIVATE PLACEMENT

Marlin Gold Mining Ltd. has completed its previously announced bought deal brokered private placement of common shares with Red Cloud Klondike Strike Inc. The company sold 2.43 million common shares, including 430,000 pursuant to the partial exercise by the underwriter of its overallotment option, at a price per share of 50 cents for gross proceeds of $1,215,000.

In addition to the brokered offering, Marlin also accepted, on a non-brokered basis, a subscription for 600,000 shares at a price per share of 50 cents for gross proceeds of $300,000.

In connection with the brokered offering, the underwriter received a cash commission equal to 7.0 per cent of the gross proceeds raised under the brokered offering, excluding gross proceeds from the sale of shares to insiders and certain president's list subscribers. In connection with the non-brokered offering, a finder's fee equal to 7.0 per cent of the gross proceeds raised from the non-brokered offering was paid to PI Financial Corp. Net proceeds of the private placement will be used to advance drilling and development of the Commonwealth silver and gold project and for general corporate purposes.

Four insiders of the company subscribed for a total of 1.25 million shares, for aggregate subscription proceeds of $625,000, each constituting a related-party transaction as such term is defined under Multilateral Instrument 61-101 (protection of minority securityholders in special transactions). The company is relying on the exemptions from the formal valuation and minority approval requirements found in Section 5.5 (a) and Section 5.7 (1) (a) of MI 61-101 as the fair market value of the transaction, insofar as it involves interested parties, is not more than the 25 per cent of the company's market capitalization.

All shares issued in connection with the brokered offering and non-brokered offering will be subject to a hold period in Canada of four months and one day from the date of issuance.

About Marlin Gold

Marlin is a publicly traded gold and silver mining company with properties located in Sinaloa, Mexico, and Arizona, United States of America. Marlin's priority is to advance its properties toward commercial production and enhance shareholder value through the growth of its wholly owned subsidiary, Sailfish Royalty Corp. The La Trinidad property in Sinaloa, Mexico, declared commercial production on Nov. 1, 2014.

We seek Safe Harbor.