Mr. Matt Manson reports

MARATHON GOLD TO HOST TECHNICAL WEBINAR ON THE EXPLORATION OF THE VALENTINE GOLD PROJECT

Marathon Gold Corp. will host a technical webinar highlighting the geology, mineral resources and exploration potential of the Valentine gold project on Tuesday, May 16, 2023, at 10 a.m. EDT.

The webinar will be hosted by members of Marathon's technical management team, including Mr. Dave Ross, VP Geology and Exploration, and Mr. Nic Capps, Manager, Exploration, and will be followed by a question-and-answer session. Participants may register at: https://globalmeet.webcasts.com/starthere.jsp?ei=1615180&tp_key=9d30d86157

An archived version of the webinar will be made available after the live session on May 17, 2023, at www.marathon-gold.com.

About Marathon

Marathon (TSX:MOZ) is a Toronto based gold company advancing its 100%-owned Valentine Gold Project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world. The Project comprises a series of five mineralized deposits along a 32-kilometre system. A December 2022 Updated Feasibility Study outlined an open pit mining and conventional milling operation producing 195,000 ounces of gold a year for 12 years within a 14.3-year mine life. The Project was released from federal and provincial environmental assessment in 2022 and construction commenced in October 2022. The Project has estimated Proven Mineral Reserves of 1.43 Moz (23.36 Mt at 1.89 g/t) and Probable Mineral Reserves of 1.27 Moz (28.22 Mt at 1.40 g/t). Total Measured Mineral Resources (inclusive of the Mineral Reserves) comprise 2.06 Moz (29.23 Mt at 2.19 g/t) with Indicated Mineral Resources (inclusive of the Mineral Reserves) of 1.90 Moz (35.40 Mt at 1.67 g/t). Additional Inferred Mineral Resources are 1.10 Moz (20.75 Mt at 1.65 g/t Au). Please see the NI 43-101 Technical Report "Valentine Gold Project, NI 43-101 Technical Report and Feasibility Study" effective November 30, 2022, Marathon's Annual Information Form for the year ended December 31, 2022 and other filings made with Canadian securities regulatory authorities available at www.sedar.com for further details and assumptions relating to the Valentine Gold Project.

An anonymous director reports