Marathon infill drilling hits multiple high-grade W horizon intersections, 10m grading 8.09g/t PGM and gold and 0.09% copper



    TORONTO, June 10 /CNW/ - Marathon PGM Corporation ("Marathon" or "the
Company", MAR-TSX) is pleased to announce the latest results from infill and
condemnation holes in the Main Zone of the Marathon Project. The 2008 campaign
is designed to close gaps in drilling and improve overall drilling density.
This should increase the total tonnes of the resource and reduce the overall
strip ratio. Results from this year's campaign will be included into a new
resource estimate. The new resource will be the basis for the ore reserves in
the Definitive Feasibility Study, which is on track to be completed in Q3.

    
    Highlights:

    -   hole M-08-434 intersected 3.95 g/t PGM and Au over 30m (from 50-80m),
        including 8.09g/t PGM and Au and 0.09% Cu over 10m (from 64-74 m)
    -   hole M-08-427 intersected 4.04g/t PGM and Au and 0.14% Cu over 4m
        (from 188-192m)
    -   reported intersections will permit inclusion of previously excluded
        holes into the pitshell for the upcoming resource estimate
    -   increased drilling density will improve overall tonnage and resource
        classifications

    "These holes confirm our geologic model for the W Horizon and as seen in
hole 434 continue to add excitement to the project", says David Good, VP of
Exploration.

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

    -------------------------------------------------------------------------
                               True                          Total PGM
               From      To  Thickness    Pd     Pt     Au     and Au    Cu
    Hole        (m)     (m)     (m)      (g/t)  (g/t)  (g/t)    (g/t)    (%)
    -------------------------------------------------------------------------
    M-08-427    188     192      4       2.89   0.97   0.18     4.04    0.14
    -------------------------------------------------------------------------
    M-08-427    202     212     10       0.93   0.35   0.15     1.43    0.08
    -------------------------------------------------------------------------
    M-08-427    232     246     14       0.16   0.08   0.05     0.29    0.24
    -------------------------------------------------------------------------
    M-08-427    262     266      4       0.26   0.07   0.07     0.40    0.26
    -------------------------------------------------------------------------
    M-08-428    188     192      4       0.06   0.03   0.04     0.14    0.19
    -------------------------------------------------------------------------
    M-08-428    196     204      8       0.08   0.04   0.03     0.15    0.24
    -------------------------------------------------------------------------
    M-08-430    164     172      8       0.11   0.04   0.05     0.21    0.22
    -------------------------------------------------------------------------
    M-08-430    180     184      4       0.22   0.11   0.05     0.37    0.16
    -------------------------------------------------------------------------
    M-08-431     64      70      6       0.98   0.44   0.14     1.56    0.12
    -------------------------------------------------------------------------
    M-08-433    226     254     28       0.34   0.13   0.06     0.52    0.09
    -------------------------------------------------------------------------
    M-08-433    264     286     22       0.34   0.32   0.06     0.71    0.26
    -------------------------------------------------------------------------
    M-08-434     50      80     30       2.84   0.89   0.21     3.95    0.10
    -------------------------------------------------------------------------
    included     64      74     10       5.88   1.85   0.36     8.09    0.09
    -------------------------------------------------------------------------
    M-08-436     72      76      4       1.36   0.36   0.12     1.83    0.04
    -------------------------------------------------------------------------
    M-08-438      7      13      6       0.96   0.06   0.02     1.03    0.02
    -------------------------------------------------------------------------
    M-08-438    115     123      8       1.43   0.35   0.29     2.06    0.48
    -------------------------------------------------------------------------
    (1) Hole M-08-432 contained no significant values
    

    Current Drilling
    ----------------
    Marathon holes M-08-431, -434, -436 and -438 were drilled at the neck of
the BR zone and have all hit the high-grade W horizon along strike or down dip
from previously released intersections. The potential to increase the resource
is very high, as these intersections are located just outside of the current
pitshell limits.
    Marathon holes M-08-427, -428, -429 and -430 were collared within the
Main Zone. The W horizon intersections in M-08-427 between 188m and 212m are
located just below the planned pit floor and have the potential to increase
the resource. Holes M-08-428 to -430 are situated along the basement footwall
ridge and contain relatively lower grade material. There is potential to find
mineralization further west and down dip. Marathon's drilling has identified
thick intersections of mineralization down dip of the footwall ridge
elsewhere.

    Marathon's Drilling Strategy

    Marathon's drilling is being carried out in a systematic fashion, with a
drill spacing that permits for the majority of drill identified resource to be
reported in measured and indicated classifications. Marathon's approach is
intentional in order to minimize the amount of inferred resource. The Company
has always maintained this approach to drilling so that the balance of tonnes
will be preserved when reserves are initiated.
    Drilling on the Marathon property will be complete in late June, when the
drill is expected to move north and resume drilling on the ground under joint
venture with Benton Resources.
    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.

    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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