Marathon Drilling Extends Strike Length of High-Grade W Horizon by 175 meters



    TORONTO, March 20 /CNW/ - Marathon PGM Corporation ("Marathon" or "the
Company") is pleased to announce that drilling has extended the north-south
strike length of the high-grade W horizon by 175 meters. Drilling intersected
the high-grade W horizon both within and outside of the resource pitshell at
the Marathon Project, located 10-km northwest of Marathon, Ontario.

    
    Highlights:
    -   intersections in multiple holes confirm total north-south strike
        length of the high-grade W horizon as 1,175 meters
    -   drillhole M-08-425 intersected 3.37 g/t PGM and Au and 0.21% Cu over
        6 meters
    -   holes M-08-424 and M-08-425 intersected the W Horizon and are within
        the resource pitshell
    -   these results are closing drilling gaps within the resource and will
        reduce the amount of waste mining while increasing the resource size
    

    David Good, VP of Exploration, said "Based on copper to palladium ratios
and stratigraphic continuity, we've confirmed a 17% increase in W horizon
strike length. This is an important interpretation as it increases the
potential of finding more high-grade shoots as we increase drillhole density."
    Phillip Walford, President and CEO noted, "Drilling results from Marathon
to date demonstrate that the resource is still open, particularly the high
grade W horizon. I expect that our program of drilling will continue for the
next five months or more."

    
    Table 1 - Results from Marathon Drilling
    ----------------------------------------
                             True                            Total
    Hole      From    To   Thickness   Pd      Pt      Au   PGM and      Cu
               (m)    (m)     (m)    (g/t)   (g/t)   (g/t)  Au (g/t)     (%)
    -------------------------------------------------------------------------
    M-08-424   213    261      48     0.57    0.16    0.16     0.89     0.17
    -------------------------------------------------------------------------
    including  229    239      10     1.05    0.28    0.35     1.68     0.32
    -------------------------------------------------------------------------
    M-08-425   186    192       6     2.50    0.69    0.18     3.37     0.21
    -------------------------------------------------------------------------
    M-08-426   198    226      28     0.86    0.26    0.10     1.22     0.26
    -------------------------------------------------------------------------
    

    Current Drilling
    ----------------
    Drilling is currently focused in areas where low density of drilling
resulted in a minimum of modeled resource material. Considering these areas
are within the current resource pitshell, much of the contained rock was
considered waste. Mineralization discovered through drilling will likely
convert the waste to resource.
    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., Ph.D., Marathon's 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. 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, 2006. 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"
    Phillip C. Walford, P.Geo.
    President, Chief Executive Officer
    Tel: +1.416.987.0711
    gen@marathonpgm.com
    %SEDAR: 00020574E




For further information:

For further information: 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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