Marathon drills 8 m of 3.1 g/t PGM+Au in W Zone



    TORONTO, April 18 /CNW Telbec/ - Marathon PGM Corporation (TSX: MAR)
("Marathon" or the "Company") is pleased to announce the results from 35
(exploration, definition and condemnation) drill holes in the RD and W zones
of the Marathon PGM-Cu deposit. Sixteen of these holes contain significant PGM
and gold and copper values over widths that are typical of known
mineralization. Of the 16 holes with significant PGM and gold and copper, 5
were located near the outer margin of the W zone and 11 were infill holes in
the RD zone. The remaining holes without significant values were definition
and condemnation holes.

    Please click here to view Drill Plan map:
    http://files.newswire.ca/357/Marathon_project.doc

    W Zone Drilling

    A total of 5 holes were designed to test the continuity of the W zone at
the west and north-west limits of mineralization. Metal values intersected are
lower than normal but confirm the continuity of the mineralized envelope.
Mineralization in hole M-07-266 is located near the eastern boundary of the
zone and starts within 5 metres of surface.
    Holes M-07-271, M-07-274 and M-07-295 confirm the down dip continuity of
the zone, also with lower metal values. Hole M-07-275 confirms the continuity
of the W zone down dip and along strike and contains 8 m of 3.1 g/t total
PGM+Au and 0.04% copper. The high significance of hole M-07-275 is in the fact
that it is located at the farthest northwest extent of drilling and indicates
the potential of mineralization to the north and the west.

    RD Zone Drilling

    Marathon has finished exploration and definition of the RD zone and in
this release, reports a total of 15 definition and 11 infill holes. The RD
zone is a shallow, nearly horizontal mineralized zone, which is approximately
20 to 30 m thick. The infill holes have intersections between 6 m and 26 m
thick, with total PGM and gold values ranging from 0.33 g/t to 2.57 g/t and
copper values from 0.1% to 0.27%. The holes without significant PGM and gold
values define the outer margins of the RD zone, and are less than about 60m
deep. This includes the following holes: M-07-265, 267, 273, 280, 281, 282,
284, 285, 286, 287, 288, 289, 292, 294, 297, and 298. The detailed limits of
the mineralization had to be defined for the feasibility study.
    Two holes (M-07-268 and M-07-270) located between the RD and W zones were
designed to test the continuity potential of mineralization, but contain no
significant PGM and gold or copper values. This was expected based on previous
mapping and sampling, the area had to be condemned for feasibility purposes.
    The two rigs are currently drilling in the Dunlop and WD zones for the
remainder of April while the snow melts and road conditions improve. The
Dunlop zone contains abundant low grade copper mineralization with
intersections typically on the order of 50 to 100 m. The WD zone is located
3 km south of the Malachite zone and is a new prospect uncovered by trenching
last autumn. The first WD holes will test the IP anomaly defined at shallow
depths by the Insight Array geophysical survey. The drill rigs will be
returning to the Main and W zones by early May.

    
    -------------------------------------------------------------------------
                         Inter-  True
                           sec- Thick-                          Total
    Hole    Zone From  To tion   ness    Pd    Pt    Au    Rh  PGM+Au  Cu(%)
                   (m) (m)  (m)    (m) (g/t) (g/t) (g/t) (g/t)   (g/t)
    -------------------------------------------------------------------------
    M-07-266   W    3   21  18     18  0.54  0.27  0.08    tr    0.89  0.27
    -------------------------------------------------------------------------
    M-07-271   W  252  264  12     11  0.65  0.46  0.08  0.01    1.19  0.05
    -------------------------------------------------------------------------
    M-07-274   W  254  258   4      4  0.34  0.20  0.13    tr    0.67  0.02
    -------------------------------------------------------------------------
    M-07-275   W  284  300  16     15  1.24  0.54  0.04    tr    1.82  0.02
    -------------------------------------------------------------------------
    includes      292  300   8    7.5  2.16  0.86  0.07    tr    3.09  0.04
    -------------------------------------------------------------------------
    M-07-295   W  170  188  18     17  0.60  0.26  0.25    tr    1.11  0.16
    -------------------------------------------------------------------------
    M-07-264  RD  3.3   20  17     13  0.41  0.17  0.08    tr    0.66  0.12
    -------------------------------------------------------------------------
    M-07-269  RD  2.3   24  22     19  0.17  0.10  0.07    tr    0.33  0.24
    -------------------------------------------------------------------------
    M-07-272  RD   10   28  18     13  0.44  0.13  0.08    tr    0.65  0.19
    -------------------------------------------------------------------------
    M-07-276  RD    7   21  14     14  0.80  0.46  0.10    tr    1.37  0.07
    -------------------------------------------------------------------------
    includes       17   21   4      4  2.45  0.88  0.30  0.04    3.63  0.23
    -------------------------------------------------------------------------
    M-07-277  RD   17   31  14     14  0.67  0.40  0.12    tr    1.19  0.10
    -------------------------------------------------------------------------
    M-07-278  RD    5   11   6      6  0.54  0.17  0.00    tr    0.71  0.27
    -------------------------------------------------------------------------
    M-07-279  RD   82   88   6      6  0.88  0.28  0.10    tr    1.26  0.10
    -------------------------------------------------------------------------
    M-07-283  RD   14   40  26     26  0.49  0.19  0.05    tr    0.73  0.16
    -------------------------------------------------------------------------
    M-07-291  RD    4   26  22     22  1.52  0.85  0.14  0.05    2.57  0.18
    -------------------------------------------------------------------------
    M-07-293  RD   10   50  40     40  0.33  0.28  0.10  0.01    0.71  0.15
    -------------------------------------------------------------------------
    M-07-296  RD   63   77  14     14  1.15  0.57  0.17    tr    1.90  0.24
    -------------------------------------------------------------------------
    

    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. The Project is currently undergoing a
definitive feasibility study and a 35,000 m drill campaign. As announced
previously, the Company has completed a revised Preliminary Economic
Assessment in compliance with the provisions of National Instrument 43-101,
showing a potentially mineable measured resource of 39.2 million tonnes
containing 1.6 million oz of PGM and gold and 285 million lbs of copper, and
an indicated resource of 28.9 million tonnes containing 1.1 million oz of PGM
and gold and 178 million lbs of copper. An additional low-grade resource was
also identified in the report completed by P&E Mining Consultants Inc. and
filed on Sedar on April 5, 2007.

    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.

    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:
    "Phillip C. Walford"
    Phillip C. Walford, P.Geo.
    President, Chief Executive Officer
    gen@marathonpgm.com
    Tel: +1.416.987.0711




For further information:

For further information: David Leng, P.Geo, dleng@marathonpgm.com, (905)
537-5377, Fax: (416) 861-1925, www.marathonpgm.com; For media inquiries:
Vanessa Napoli, (514) 939-3989, vnapoli@renmarkfinancial.com

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MARATHON PGM CORPORATION

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