Marathon intersects 44 m of 1.48 g/t PGM and gold and 0.36% copper outside of existing resource pit



    TORONTO, Sept. 11 /CNW Telbec/ - Marathon PGM Corporation (MAR -- TSX)
("Marathon" or the "Company") is pleased to announce the most recent results
from the 2007 exploration campaign at the Company's 100% owned Marathon PGM-Cu
Project, located 10 km northwest of Marathon, Ontario. Two wide intersections
of mineralization, both located over 100 m west of the existing resource, pose
the strong likelihood of expanding the existing resource.
    David Good, VP of Exploration noted, "Resource expansions are often built
upon results like these. Considering that holes 373 and 375 are 100 m outside
the existing resource and separated by 500 m, and also that we have over
180 holes for the upcoming resource update scheduled to start in October, we
have every reason to be upbeat about the new figures."

    Click here to view Marathon PGM/Cu Project's Drill Hole Map:
    http://files.newswire.ca/357/Drill_Hole_Map.doc

    W Horizon Drilling

    The best intersection occurs in hole M-07-375 which contains 14 m of
2.23 g/t PGM and gold and 0.03% copper including 8 m of 2.99 g/t PGM and gold
and 0.05% copper. Hole M-07-371 also returned good results with 4 m of
3.76 g/t PGM and gold and 0.01% copper. The high-grade area being explored by
these holes will require additional drilling to fully assess the potential for
resource expansion, as this area has provided some very promising results.

    Main Zone Drilling

    Hole M-07-373 intersected 44 m of 1.48 g/t PGM and gold and 0.36% copper,
including 12 m of 3.18 g/t PGM and gold and 0.53% copper. This hole is located
150 m west of the existing resource and increases the potential of expanding
the resource. Holes M-07-372 and M-07-374 are definition holes located at the
southeast end of the Southern Resources Area. They are located south of known
mineralization, and while they contain lower values of PGM and gold and
copper, they confirm the continuity of mineralization between the Malachite
and Main Zones. This particular area warrants further drilling as a result.

    
    Table 1: Significant Drill Hole Results
    -------------------------------------------------------------------------
                                                              Total
                               True                         PGM and
    Hole      From    To  Thickness      Pd      Pt      Au    gold      Cu
                (m)   (m)        (m)   (g/t)   (g/t)   (g/t)   (g/t)     (%)
    -------------------------------------------------------------------------
    M-07-370    73     75         2    1.39    1.20    0.17    2.76   0.004
    -------------------------------------------------------------------------
    M-07-371   116    120         4    2.88    0.84    0.04    3.76    0.01
    -------------------------------------------------------------------------
    M-07-372    58     64         6    0.57    0.22    0.08    0.87    0.10
    -------------------------------------------------------------------------
    M-07-373   327    371        44    1.07    0.31    0.09    1.47    0.36
    -------------------------------------------------------------------------
    includes   329    341        12    2.36    0.67    0.15    3.18    0.53
    -------------------------------------------------------------------------
    M-07-374    17     21         4    0.24    0.15    0.08    0.47    0.06
    -------------------------------------------------------------------------
    M-07-375   146    160        14    1.66    0.47    0.10    2.23    0.03
    -------------------------------------------------------------------------
    includes   152    160         8    2.18    0.65    0.16    2.99    0.05
    -------------------------------------------------------------------------
    

    Since January 2007, Marathon has drilled a total of 36,000 m and expects
to drill an additional 2,500 m by the end of September. Presently, only one
drill is required on the property and is active in the vicinity of the Main
Zone. As of today, Marathon is awaiting assay data from 25 drillholes.
    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.

    Bird River Sill and Steel Mountain Properties

    Marathon is continuing prospecting at the Steel Mountain PGM and Cu-Ni
property in western Newfoundland. Results of samples from the initial phase of
the exploration program are pending. Prospecting, sampling and mapping at the
Bird River PGM and Cu-Ni property in southeastern Manitoba is on-going at the
Coppermine and Page Zones.

    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 Marathon PGM Corporation

    The Company has a 100-per-cent interest in the Marathon PGM -- Cu
project, located about 10 kilometers north of Marathon, Ont. 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 measured resource of 39.2 million tonnes
containing 1.6 million ounces of PGM and gold and 285 million pounds of
copper, and an indicated resource of 28.9 million tonnes containing
1.1 million ounces of PGM and gold and 178 million pounds 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.
    As part of its growth strategy, in April 2007, Marathon entered into an
option agreement with Gossan Resources on the Bird River Sill PGM and Cu-Ni
property, located in southeastern Manitoba. Prospecting and data compilation
of the Bird River property is focused over several key areas, including the
Coppermine, Page East, Page West and Galaxy Zones. Marathon can earn-in up to
a total 70% interest by completing a bankable feasibility study and arranging
project financing. In August 2007, Marathon acquired the Steel Mountain PGM
and Cu-Ni property in western Newfoundland and has commenced the initial phase
of exploration on this 227.5 km2 property. The Company holds a 100% interest
in the Steel Mountain property.

    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, vnapoli@renmarkfinancial.com, (514) 939-3989

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