Marathon Finds More Gold in Central Newfoundland!

Drilling results announced by Marathon Gold Corporation indicates the presence of gold-bearing quartz-tourmaline-pyrite (QTP) veining in central Newfoundland’s Valentine Lake Gold Camp.

The Valentine Lake Project is Marathon's flagship gold project. It is located in west central Newfoundland approximately 57 km south of the mining town of Buchans. The project is accessible by gravel and paved roads to the Trans-Canada Highway.

Assayed core samples consisted of multiple vertical stacked, dominantly shallow SW dipping tensional veining that is identical in appearance to the gold-bearing QTP veining found throughout the rest of the Valentine Lake Gold Camp.

Marathon Gold Zone

The gold-rich Marathon Zone is located 7 kilometres northeast along a strike from the Leprechaun Gold Deposit and 5 kilometers southwest along strike from the Victory Gold Deposit, Valentine Lake Gold Camp. A total of 4,131 meters of NQ core has been drilled to date in the Marathon Zone, of which 1,679 metres from drill holes MA-14-015 to MA-14-025 has assays yet to be completed. All assays are expected to be available in early January.

"The Marathon crew has done an excellent job throughout 2014 in discovering and drilling off two near surface new gold zones, Sprite and Marathon, at the Valentine Lake Gold Camp,” said Phillip Walford, President and CEO of Marathon.

The metallurgical work has been primarily funded by Research and Development Corporation of Newfoundland and Labrador.

“We are excited about resuming drilling in early 2015 on the Marathon Zone to increase open-pit gold resources at the Valentine Lake Gold Camp,” Walford added.

We have just scratched the surface of this emerging gold camp in Eastern Canada," Walford declared.

Highlights (all drill intercepts reported at true thickness):

• New wide intervals of gold mineralization include 4.13 g/t Au over 9.9 meters in MA-14-010, 1.75 g/t Au over 19.8 meters in MA-14-012, 3.43 g/t Au over 5.4 meters in MA-14-011 and 1.53 g/t Au over 10.8 meters in MA-14-014

• New narrow, high-grade gold intervals include 9.66 g/t Au over 0.6 meters, 11.21 g/t Au over 1.7 meters, 7.90 g/t Au over 0.6 meters, 15.49 g/t Au over 0.6 meters and 13.64 g/t Au over 0.6 meters in MA-14-010, 9.32 g/t Au over 1.2 meters in MA-14-011, 6.73 g/t Au over 0.6 meters, 11.22 g/t Au over 0.6 meters in MA-14-012, and 10.86 g/t Au over 0.6 meters in MA-14-013.

• The initial 14 drill holes in the Marathon Zone have intersected an area of multiple vertical stacked, dominantly shallow SW dipping tensional gold-bearing QTP veining that defines a near vertical mineralized corridor that is currently up to 100 meters wide and 200 meters deep, more than 200 meters in strike length and is open along strike to both the southwest and northeast. Assays are pending for additional drill holes, MA-14-015 to MA-14-025.

• Drilling currently ongoing at the Marathon Zone is designed to further increase the strike length of this new gold-rich zone and quickly develop significant new open-pit resource(s) in this area proximal to the Valentine Lake Thrust Fault.

• Drilling has stopped for the year as we await pending assays from remaining drill holes to be completed which will allow us to plan next year's drill program at the Marathon Zone in Q1 of 2015.

About Marathon Gold

Marathon Gold is a Toronto based gold resource company with exploration focused on its Valentine Lake Gold Camp located in central Newfoundland. The Valentine Lake Gold Camp hosts two near-surface, mainly pit-shell constrained, NI 43-101 compliant gold resources totaling 816,000 oz gold at 2.24 g/t (Measured & Indicated) and 149,000 oz gold at 2.64 g/t (Inferred). These resources, open along strike and to depth, cover less than 5% of the total length of the highly perspective Valentine Lake Thrust Fault and associated splay faults which host the majority of the gold mineralization within the property. Newly discovered gold zones, including the Sprite Zone and Marathon Zone, have returned wide intervals of near-surface good gold grades and have yet to be incorporated into new gold resources for the Valentine Lake Gold Camp.

 For more information please visit www.marathon-gold.com.