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Marathon Gold Corp
Symbol MOZ
Shares Issued 136,912,352
Close 2017-06-08 C$ 1.12
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Marathon Gold shareholders elect five directors

2017-06-08 11:43 ET - News Release

Mr. Phillip Walford reports


Marathon Gold Corp. today released the results of voting at its annual meeting of shareholders held on June 7, 2017, in Toronto, Ont.

All of the director nominees set out in the management information circular dated April 28, 2017, were elected as directors to serve a one-year term. In addition, PricewaterhouseCoopers LLP was reappointed as the company's auditor for the fiscal year ending Dec. 31, 2017; all unallocated stock options under the company's stock option plan were approved for a period of three years, as required by the Toronto Stock Exchange; and the company's amended and restated shareholder rights plan was reconfirmed, ratified and approved for a period of three years.

Details of the voting are shown in the attached table.

                                                           Percentage of
                                           Votes for        of votes for      Votes withheld

Proposal No. 1 -- election of directors    
George D. Faught                          52,094,871              98.31%             898,200
Phillip C. Walford                        52,988,191              99.99%               4,880
Julian B. Kemp                            52,704,691              99.46%             288,380
Joseph G. Spiteri                         52,988,191              99.99%               4,880
Douglas H. Bache                          52,706,691              99.46%             286,380
Proposal No. 2 -- reappointment of
PricewaterhouseCoopers LLP                60,044,444              99.50%             301,957

                                                           Percentage of
                                           Votes for        of votes for       Votes against

Proposal No. 3 -- unallocated stock
Approval of all unallocated
stock options under stock
option plan and certain
amendments to the stock
option plan                               43,725,521              82.51%           9,267,550
Proposal No. 4 -- amended and restated
shareholder rights plan 
Approval of amended and
restated shareholder rights
plan                                      52,949,451              99.92%              43,620

The company's shareholders voted in favour of all matters brought before the meeting. The results of voting will be filed on SEDAR.

About Marathon Gold Corp.

Marathon is a Toronto-based gold exploration company rapidly advancing its 100-per-cent-owned Valentine Lake gold property located in Newfoundland, one of the top mining jurisdictions in the world. The Valentine Lake gold property currently hosts four near-surface, mainly pit-shell-constrained deposits with measured and indicated resources totalling 1,388,200 ounces of gold at 1.91 grams per tonne and inferred resources totalling 766,500 ounces of gold at 2.24 grams per tonne. The majority of the resources occur in the Marathon and Leprechaun deposits, which also have resources below the pit shell. Both deposits are open to depth and on strike. Drilling in 2017 is continuing to focus on expanding the Marathon deposit at surface and to depth.

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