Marathon Drilling Expands High Grade W Zone and Establishes New Potential of SG Zone



    TORONTO, March 21 /CNW Telbec/ - Marathon PGM Corp. (TSX: MAR) is pleased
to announce the results of ten drill holes in the W zone and in the SG Zone.
The holes drilled to intersect the W Zone were for the most part infill holes.
The SG Zone, which is located 1 km south of the Malachite Zone, was tested
with 5 drill holes and 4 of those holes intersected good values.

    Please follow this link to view Main Zone Area Drilling map
    http://files.newswire.ca/357/Wzone.doc

    Dave Good, VP Exploration, said that "based on our preliminary studies of
solid modeling and inter-element ratios it is likely that previously defined
individual mineralized zones are actually shoots within mineralized
envelopes." With this interpretation, mineralization in the upper horizon of
the BR zone, the W zone and possibly the hanging wall zone of the Southern
Resources area are enclosed within a single envelope. In general, this
mineralized envelope contains higher concentrations of PGM with respect to
copper in comparison to the Main zone. Previous intersections in the 4 holes
drilled by Anaconda Canada Ltd between the BR and Southern Resources zones are
significant and indicate continuity along strike. The highest grade
intersection was in An-116 which had 1.5 m grading 12 g/t pgm and 0.27 %
copper. Approximately 125m to the south along strike, drill hole An-117
intersected 2 m with 9.78 g/t PGM and 0.05% Cu. Overall, the envelope has
grades below 3 gpt PGM, however there are lenses or shoots within the overall
zone that are above 3 gpt. The high grade material previously announced in the
last press release as well as the intercept in M-07-249 of 10 m grading
4.59 g/t PGM and Au and 0.05 % copper are from one of the shoots. The shoot
now has 22 drill holes intersecting high grade mineralization that has been
traced 200m down plunge and up to 170 m down dip.
    The other high grade intersection in M-07-242 of 4 m grading 7.45 g/t PGM
and gold and 0.01% copper is from another high grade shoot first encountered
in hole M-05-33 intersecting 10 m grading 8.32 g/t PGM and gold and 0.21 %
copper including 2 m grading 25.11 g/t PGM and gold and 0.40 % copper. All the
high grade shoots are still open to the north. There is an area approximately
1 km long by 700 m wide between the Malachite and the north end of the South
Resource that has the potential for additional high grade shoots. Drilling is
expected to continue in this area until the drills have to be removed for
break- up and will resume when conditions permit.
    The deeper and highest grade intercepts are not presently in the resource
as they are below the pit limits. A study will be made to determine if it is
more economic to mine this material from underground to boost precious metal
production early in the life of the operation.

    
    -------------------------------------------------------------------------
                             In
                             ter-  True                           Total
                             sec-  thick-                          PGM
                  From   To  tion  ness   Pd    Pt    Au    Rh     +Au   Cu
    Hole     Zone  (m)   (m)  (m)  (m)   (g/t) (g/t) (g/t) (g/t)  (g/t)  (%)
    -------------------------------------------------------------------------
    M-07-241   W   92   106   14  12.6   0.18  0.07  0.07     0   0.33  0.19
    -------------------------------------------------------------------------
    M-07-242   W   44    56   12    12   2.04  0.91  0.03  0.05   3.04  0.01
    -------------------------------------------------------------------------
    includes       44    48    4     4   5.12  2.15  0.04  0.14   7.45  0.01
    -------------------------------------------------------------------------
    M-07-243   W  238   244    6   3.4   0.51  0.55  0.01  0.05   1.12  0.03
    -------------------------------------------------------------------------
    M-07-243   W  262   268    6   3.4   0.63  0.33     0  0.03   1.00  0.01
    -------------------------------------------------------------------------
    M-07-244  SG   10    28   18    18   0.34  0.21  0.10  0.01   0.66  0.13
    -------------------------------------------------------------------------
    M-07-245  SG    7    25   18    18   0.85  0.35  0.13     0   1.33  0.27
    -------------------------------------------------------------------------
    includes        7    11    4     4   1.60  0.69  0.33  0.01   2.63  0.60
    -------------------------------------------------------------------------
      and          17    25    8     8   1.12  0.39  0.12     0   1.63  0.32
    -------------------------------------------------------------------------
    M-07-246   W   52    62   10   7.1   0.72  0.14  0.08  0.01   0.94  0.15
    -------------------------------------------------------------------------
    M-07-246 Mal  211   227   16  11.3   0.39  0.23  0.03  0.01   0.66  0.01
    -------------------------------------------------------------------------
    M-07-247  SG   no
               significant
                 values
    -------------------------------------------------------------------------
    M-07-248   W  106   136   30  29.3   0.42  0.22  0.12  0.01   0.76  0.18
    -------------------------------------------------------------------------
    includes      108   112    4  3.92   0.84  0.49  0.14  0.01   1.48  0.10
    -------------------------------------------------------------------------
    M-07-249   W  120   160   40  36.3   1.18  0.35  0.09  0.02   1.65  0.06
    -------------------------------------------------------------------------
    includes      138   148   10  9.06   3.51  0.97  0.11     0   4.59  0.05
    -------------------------------------------------------------------------
    M-07-250  SG    6    26   20    20   0.50  0.29  0.13  0.01   0.93  0.16
    -------------------------------------------------------------------------
    includes        6     8    2     2   2.51  1.78  0.66  0.04   4.99  0.41
    -------------------------------------------------------------------------
      and          20    22    2     2   0.92  0.38  0.15  0.02   1.47  0.39
    -------------------------------------------------------------------------
    M-07-250  SG   48    54    6     6   0.13  0.11     0     0   0.24  0.13
    -------------------------------------------------------------------------
    M-07-250  SG   66    76   10    10   0.08  0.05  0.03     0   0.16  0.22
    -------------------------------------------------------------------------
    M-07-251  SG   30    32    2     2   0.76  0.64  0.13     0   1.53  0.17
    -------------------------------------------------------------------------
    M-07-252   W  100   126   26  23.6   2.77  0.83  0.16  0.06   3.82  0.06
    -------------------------------------------------------------------------
    includes      102   106    4  3.63  12.91  3.21  0.60  0.28  16.96  0.11
    -------------------------------------------------------------------------
    

    The SG Zone, which is located 1 km south of the Malachite Zone, was
tested with 5 drill holes to determine the strike, dip and continuity of
mineralization exposed by trenching in 2006. The results were very encouraging
in demonstrating the potential for developing resources south of the Malachite
and Main Zones. The best intersection was in hole M-07-245, which intersected
18 m grading 1.33 g/t PGM and gold and 0.27 % copper. The drilling established
a strike length of 100 m and a dip of 45 degrees to the west. The zone is open
and drilling will resume here in the spring.
    Mr. Walford, President, noted, "The progress we have had within the last
quarter has established Marathon as a mature exploration and development
company. In effect, the expansion of the resource is the development side of
the Company, and discoveries such as the SG zone and extensions of the W Zone
are the exploration side of the Company."
    As a part of Marathon's QC program, the high-grade samples were analyzed
multiple times in order to confirm the high grades. All of the samples were
sent to Accurassay, an accredited laboratory in Thunder Bay, Ont., to be
assayed using fire assay and other standard techniques.
    All exploration work is being performed under the guidance and
supervision of Phillip C. Walford, President and Chief Executive Officer of
the Company, a professional geologist and Qualified Person as defined by
National Instrument 43-101. Mr. Walford has approved the contents of this
press release.

    About the Marathon PGM - Cu Project

    The Company has a 100% interest in the Marathon PGM - Cu Project, located
about 10km north of Marathon, Ontario. A major drilling program is underway to
expand the resource on the property.

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

    Except for statements of historical fact relating to the Company, certain
information contained herein constitutes "forward-looking statements".
Forward-looking statements are frequently characterized by words such as
"plan," "expect," "project," "intend," "believe," "anticipate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made and are subject to a variety of
risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
statements. These risks and uncertainties include but are not limited to those
identified and reported in Management's Discussion and Analysis for the year
ended December 31, 2005. Circumstances or management's estimates or opinions
could change, and management disclaims any obligation to revise or update
forward-looking statements, whether for new information, future events or
otherwise. The reader is cautioned not to place undue reliance on
forward-looking statements.

    The Toronto Stock Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    On behalf of Marathon PGM Corp.,
    "Phillip C. Walford"
    Phillip C. Walford
    President and CEO
    gen@marathonpgm.com
    416-987-0711




For further information:

For further information: Please contact: Jason Roy:
jroy@renmarkfinancial.com; Barb Komorowski: bkomorowski@renmarkfinancial.com;
Media: Eva Jura: ejura@renmarkfinancial.com; (514) 939-3989, Fax: (514)
939-3717, www.renmarkfinancial.com

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