Mr. George Faught reports

MARATHON GOLD ANNOUNCES APPOINTMENT OF MATT MANSON AS PRESIDENT AND CHIEF EXECUTIVE OFFICER

Marathon Gold Corp. has appointed Dr. Matthew L. Manson as president, chief executive officer and a director of the company, effective Aug. 19, 2019.

Dr. Manson has over 25 years of international mining experience and brings an accomplished background in all aspects of the mining business, including: exploration, permitting, mine development, financing, operations, and debt and equity markets. He has managed operations (open-pit and underground mines) across multiple jurisdictions. Dr. Manson's experience in exploration and mine operation covers a range of commodities, including gold, base metals (copper and zinc) and diamonds.

Prior to joining Marathon, Dr. Manson was at the forefront of raising $900-million and building (on time and under budget) Quebec's first diamond mine as chief executive officer of Stornoway Diamonds. Prior to his 10 years at Stornoway, Dr. Manson was president and chief executive officer of Contact Diamond Corp. (a 40-per-cent subsidiary of Agnico Eagle Mines), and president and chief executive officer Ashton Mining of Canada -- both predecessor companies of Stornoway. Between 1999 and 2005, Dr. Manson was employed by Aber Diamond Corp. (now Dominion Diamond Corp.) as vice-president, marketing, and thereafter vice-president, technical services and control. During this time, Dr. Manson participated in the $230-million (U.S.) project financing for the Diavik diamond project, as well as oversaw Aber's technical and product marketing functions.

Dr. Manson has been widely recognized by the broader mining industry, having been named Northern Miner 2017 mining person of the year, as well as receiving the 2015 PDAC Viola Macmillan Award for leadership in management and financing with respect to exploration and development of mineral resources.

Dr. Manson holds a bachelor of science degree in geophysics from the University of Edinburgh and has an MSc and a PhD in geology -- both from the University of Toronto.

George Faught, chairman of the board at Marathon Gold, commented: "After extensive global search, we are delighted to welcome Matt to the chief executive officer role. We will greatly benefit from his wealth of experience and his proven track record of building and leading successful teams, capital raising and executing strategies that increase shareholder value. We look forward to his leadership in taking the company through its next phase of growth and development."

Dr. Manson commented: "I'm very excited to be joining Marathon Gold and look forward to working with the team to continue advancing the Valentine gold project and, ultimately, build a successful mine that can transform the company into a substantial low-cost gold producer. The company has a unique collection of growing gold deposits in a low-risk and mine-friendly jurisdiction that has the potential to deliver significant value to shareholders. I look forward to engaging with the company's stakeholders to provide our vision on the way forward for the company."

The board of directors expresses its sincere appreciation and thanks to Phillip Walford, who founded the company and has been president and chief executive officer since 2010, for his outstanding achievements and contribution. Mr. Walford will remain on the board as a director.

About Marathon Gold Corp.

Marathon is a Toronto-based gold company that is rapidly advancing its 100-per-cent-owned Valentine gold camp, located in Newfoundland and Labrador, one of the top mining jurisdictions in the world.