Marathon Hits Second 100+ m Thick Section Of Mineralization On Marathon/Benton JV Property



    TORONTO, June 5 /CNW/ - Marathon PGM Corporation ("Marathon" or "the
Company", MAR-TSX) is pleased to announce the second phase of drilling results
from the Bamoos-Claw Lake-Four Dams ("BCF") Property, which is being explored
under an option and joint venture agreement with Benton Resources (TSX.v:BTC).
The BCF property adjoins the Company's Marathon Project near Marathon,
Ontario.
    Marathon hole MB-08-10 hit mineralization 134m in thickness, on-strike
and 125m southeast of Benton hole BO-06-20, which intersected 102m of
mineralization grading 1.26 g/t PGM and gold and 0.58% copper. Exploration of
this area is a priority for drilling, as no drilling has been conducted
between these two drill holes. There is high potential to rapidly expand the
size of the resource in this area. The northern end of the Marathon deposit
has an overall higher than average grade compared to the rest of the Main Zone
to the south. Marathon has a right to mine within 200m of the BCF boundary
before the JV is completed.

    
    Highlights:

    -  hole MB-08-10 intersected 0.90 g/t PGM and Au and 0.27% Cu over 134m
       (from 146-280 m), 125m along strike from Benton hole B0-06-20
       (1.26g/t PGM and Au and 0.58%Cu over 102m)
    -  hole MB-08-11 intersected 2.21 g/t PGM and Au and 0.54% Cu over 20m
       (from 126-146m)
    -  100+ m thick intercepts added millions of tonnes during the growth of
       the Marathon resource

    Phillip Walford, President and CEO noted, "Drilling results from the
Benton JV ground are turning out to be a winning situation for both companies.
These thick intersections will add tonnes quickly to the resource. Marathon
has over 117 million tonnes in resource now and the results from the JV are
adding to a world class PGM deposit."

    Results from Marathon-Benton JV Drilling
    ----------------------------------------
    -------------------------------------------------------------------------
                               True                            Total
                From    To   Thickness  Pd      Pt      Au    PGM and    Cu
      Hole       (m)    (m)     (m)    (g/t)   (g/t)   (g/t)  Au (g/t)   (%)
    -------------------------------------------------------------------------
    MB-08-09     123    129       6     0.73    0.24    0.06    1.03    0.23
    -------------------------------------------------------------------------
    MB-08-09     141    155      14     1.70    0.38    0.15    2.22    0.33
    -------------------------------------------------------------------------
    MB-08-10     146    280     134     0.63    0.20    0.07    0.90    0.27
    -------------------------------------------------------------------------
    including    166    240      74     0.78    0.24    0.09    1.12    0.35
    -------------------------------------------------------------------------
    MB-08-11     126    146      20     1.55    0.51    0.15    2.21    0.54
    -------------------------------------------------------------------------
    including    138    144       6     3.08    1.15    0.28    4.51    0.65
    -------------------------------------------------------------------------
    MB-08-11     170    186      16     0.75    0.22    0.13    1.10    0.27
    -------------------------------------------------------------------------
    MB-08-12     146    208      62     0.56    0.18    0.07    0.81    0.17
    -------------------------------------------------------------------------
    MB-08-12     170    174       4     2.62    0.62    0.19    3.42    0.49
    -------------------------------------------------------------------------
    MB-08-12     186    208      22     0.73    0.21    0.08    1.02    0.11
    -------------------------------------------------------------------------
    MB-08-12     188    202      14     0.90    0.26    0.09    1.25    0.23
    -------------------------------------------------------------------------
    MB-08-13     112    118       6     1.19    0.28    0.11    1.58    0.35
    -------------------------------------------------------------------------
    MB-08-13     152    168      16     0.72    0.23    0.07    1.02    0.33
    -------------------------------------------------------------------------
    including    152    158       6     0.74    0.21    0.06    1.01    0.50
    -------------------------------------------------------------------------
    including    162    168       6     1.12    0.38    0.12    1.62    0.35
    -------------------------------------------------------------------------
    MB-08-14     122    128       6     1.04    0.34    0.12    1.51    0.20
    -------------------------------------------------------------------------
    MB-08-14     132    156      24     1.14    0.32    0.13    1.58    0.34
    -------------------------------------------------------------------------
    MB-08-16      38     62      24     1.08    0.33    0.16    1.57    0.39
    -------------------------------------------------------------------------
    

    Current Drilling
    ----------------
    Marathon's drilling on the BCF property has yielded useful information
regarding the geology and extent of mineralization. In particular, Marathon's
drillholes have extended mineralization boundaries indicated by historical
holes and recent drilling completed by Benton.
    Hole MB-08-12 is located on section 6150, which represents the boundary
between Marathon and Benton's properties. Elimination of the boundary pillar
as a result of the JV enables complete extraction of resources, as the
boundary pillar would have otherwise tied up substantial tonnes. Multiple wide
intersections of mineralization in hole MB-08-12 extend the mineralization
downdip.
    Marathon holes MB08-09, -10, -11, -12, -13, -14 and -16 all intersected
mineralization and have expanded the dimensions of the known mineralization.
    Drilling on the BCF property is expected to resume in July. Marathon
currently has two rigs drilling on the Marathon property extending the
high-grade W horizon and filling in drilling gaps. Drilling of the Marathon
and Benton JV properties will assist in expanding the 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., 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, 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.

    %SEDAR: 00020574E




For further information:

For further information: On Behalf of Marathon PGM: "Phillip C.
Walford", 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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