Marathon Drilling Expands W Horizon, 4.08g/t PGM and Au over 4 m



    TORONTO, July 7 /CNW/ - Marathon PGM Corporation ("Marathon" or "the
Company", MAR-TSX) is pleased to announce the latest results from drilling of
the W horizon at the Marathon Project, near Marathon, Ontario.

    Highlights:

    
    -   hole M-08-447 intersected 2.19g/t PGM and Au over 10m (from 84-94m)
    -   holes define western margin of W horizon
    -   the W horizon remains open down dip to the west and now has a
        north-south strike length of 1,200m
    -   drilling is providing information for upcoming resource calculation

    David Good, VP of Exploration noted, "These holes confirm the W horizon is
still open to the west, where the potential for finding additional high grade
shoots is favourable."

    Results from Marathon Drilling
    ------------------------------

                               True                           Total PGM
    Hole        From    To   Thickness    Pd     Pt      Au    and Au    Cu
                 (m)    (m)    (m)       (g/t)  (g/t)  (g/t)    (g/t)    (%)
    -------------------------------------------------------------------------
    M-08-445     189    225     36       0.51   0.16   0.06     0.74    0.16
    -------------------------------------------------------------------------
    M-08-445     249    301     52       0.42   0.11   0.05     0.58    0.28
    -------------------------------------------------------------------------
    M-08-447      84     94     10       1.48   0.61   0.10     2.19    0.04
    -------------------------------------------------------------------------
    including     84     88      4       2.91   1.12   0.05     4.08    0.01
    -------------------------------------------------------------------------
    M-08-449     137    151     14       0.90   0.27   0.10     1.26    0.24
    -------------------------------------------------------------------------
    including    139    143      4       1.49   0.40   0.14     2.03    0.48
    -------------------------------------------------------------------------
    M-08-452     119    121      2       1.38   0.47   0.64     2.48    0.09
    -------------------------------------------------------------------------
    M-08-452     139    143      4       0.24   0.85   0.03     1.11    0.01
    -------------------------------------------------------------------------
    M-08-455     138    144      6       0.82   0.48   0.24     1.55    0.15
    -------------------------------------------------------------------------
    including    138    142      4       1.04   0.46   0.32     1.82    0.19
    -------------------------------------------------------------------------
    M-08-456     108    112      4       1.06   0.30   0.06     1.42    0.02
    -------------------------------------------------------------------------
    M-08-446, -448, -450, -451, -453 and -454  intersected no significant
    values.
    

    Current Drilling
    ----------------

    Drilling is continuously providing more details into the extent of the W
mineralization. Holes M-08-447, -449 and 425 intersected the W horizon 60, 70
and 125m downdip and below the current pitshell, respectively. This drilling
is focused in an area that previously had little drilling. Filling in drilling
gaps has the potential to convert waste to resource and ultimately reduce the
strip ratio.
    Hole M-08-445 intersected wide intervals of Main Zone mineralization and
intersected 0.58 g/t PGM and Au and 0.28% Cu over 50m below the current
pitshell. These intersections within and outside the pit are the most westerly
on section and have the potential to increase the resource within the pitshell
as well as expand the current pitshell.
    Drilling to date has confirmed a general observation that the W horizon
is persistent over large distances of strike length and where it thickens, the
grades increase.
    Drilling with two rigs has resumed on the Benton JV property in order to
expand resources. Drilling on the main Marathon property for the feasibility
study is now complete. Two condemnation holes have to be drilled in July in
coordination with the feasibility study. Assays are currently pending for the
remaining eleven holes of the 2008 drilling campaign.

    (To view a drill map please click on
http://www.marathonpgm.com/newsmaps/2008-31.jpg)

    All of the samples were sent to Accurassay, an accredited laboratory in
Thunder Bay, Ontario, to be assayed using fire assay and other standard
techniques.
    David Good, P.Geo., VP of Exploration is Marathon's Qualified Person in
compliance with National Instrument 43-101 with respect to this release. Dr.
Good has reviewed the contents for accuracy and has approved this press
release on behalf of Marathon.

    About Marathon PGM Corporation:

    Marathon is in the process of completing a definitive feasibility study
on the Marathon PGM-Cu deposit, which is on track for completion in September.
 Marathon also has development and exploration stage properties in
southeastern Manitoba and western Newfoundland and Labrador. Marathon's
management plans to build on this focus through the advancement of its
properties, focusing on resource development and by examining other strategic
PGM and base metal opportunities within Canada.

    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, 2007. 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.

    On Behalf of Marathon PGM:
    "Phillip C. Walford"

    %SEDAR: 00020574E




For further information:

For further information: Phillip C. Walford, P.Geo., President, Chief
Executive Officer, Tel: (416) 987-0711, gen@marathonpgm.com; For more
information, please contact: David Leng, P.Geo:, Tel: (416) 849-3432, Fax:
(416) 861-1925, dleng@marathonpgm.com

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MARATHON PGM CORPORATION

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