Marathon's Drilling Pushing New Boundaries



    TORONTO, Sept. 8 /CNW/ - Marathon PGM Corporation ("Marathon" or "the
Company", MAR-TSX) today announced the second set of results from the 2009
campaign at the Marathon PGM-Cu Project.

    
    Highlights:

    -   hole M-09-480 intersected 67.7 m grading 0.47 g/t PGM and Au and
        0.25 % Cu in the new zone located within the pit boundary
    -   these holes test the new 4800 zone of mineralization on the eastern
        margin of the pit boundary
    

    "It's important to note that two of the holes confirm the connection of
the new zone to previously defined mineralization," said David Good, VP of
Exploration.

    Drilling Focus

    Holes M-09-474 to M-09-480 are near the eastern edge of the pit shell to
test west dipping outcropping mineralization on strike and down dip.
    Hole M-09-480 is collared in the new zone of mineralization, within 50 m
of the pit shell boundary and intersected a thick sequence of PGM-Cu
mineralization. Twenty five meters to the north, holes M-07-474 and -475 are
situated 50 m west and east of previously announced hole M-09-473 (please see
Marathon release of 20-Aug-09). On adjacent sections to the north by 25 and 50
m, holes M-09-479 and -477, respectively, encountered mineralization at
surface and traced it down dip. M-09-477 connected with the up dip extension
of previously identified mineralization and joined the new zone to previously
modeled mineralization.
    In summary, the reported holes successfully confirmed the on strike and
down dip extensions of mineralization of the 4800 zone. The new zone is wedge
shaped which is 200 m wide at the base and up to 125 m along strike.
    Marathon has designed the 2009 drilling campaign to improve drill
density, and resource classifications. Increasing the proportion of measured
and indicated resources directly translates into proven and probable reserves.

    
    Marathon Drilling: Initial Results
    ----------------------------------
    -------------------------------------------------------------------------
                               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-09-474      7     13        6     0.19   0.09   0.05     0.33     0.12
    -------------------------------------------------------------------------
    M-09-475      7     15        8     0.43   0.13   0.10     0.65     0.38
    -------------------------------------------------------------------------
    M-09-477   1.25      5     3.75     0.89   0.36   0.18     1.43     0.13
    -------------------------------------------------------------------------
    M-09-477     13     33       20     0.15   0.07   0.04     0.27     0.14
    -------------------------------------------------------------------------
    M-09-479     23     33       10     0.55   0.16   0.06     0.76     0.18
    -------------------------------------------------------------------------
    M-09-480   2.32     70     67.7     0.31   0.09   0.07     0.47     0.25
    -------------------------------------------------------------------------
    includes   2.32     26     23.7     0.40   0.10   0.06     0.56     0.32
    -------------------------------------------------------------------------
    or           18     26        8     0.59   0.19   0.10     0.87     0.47
    -------------------------------------------------------------------------
    and          64     70        6     0.49   0.08   0.13     0.70     0.44
    -------------------------------------------------------------------------
    (1) Holes M-09-476 and -478 intersected no significant values
    

    Please click on http://www.marathonpgm.com/newsmaps/2009-20.jpg to view a
drill map.

    Reserve Statement and Mine Plan

    Marathon delivered an updated resource statement (see Marathon Press
Release dated August 20, 2009) as part of the on-going optimization of the
definitive feasibility study ("DFS") expected in Q4. The optimized DFS will
include new mineable reserves, an updated mine plan and capital expenditure
figures.
    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 currently optimizing an earlier definitive feasibility study
on the Marathon PGM-Cu deposit, which was completed in December of 2008.
Marathon also has development and exploration stage properties in southeastern
Manitoba and western Newfoundland, respectively. Marathon's management plans
to build on its experience through the advancement of its properties and by
examining other strategic opportunities.

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

    Except for statements of historical fact relating to Marathon, certain
information contained herein constitutes "forward-looking statements".
Forward-looking statements include statements that are predictive in nature,
depend upon or refer to future events or conditions, or include words such as
"expects", "anticipates", "plans", "believes", "considers", "intends",
"targets", or negative versions thereof and other similar expressions, or
future or conditional verbs such as "may", "will", "should", "would" and
"could". We provide forward-looking statements for the purpose of conveying
information about our current expectations and plans relating to the future
and readers are cautioned that such statements may not be appropriate for
other purposes. By its nature, this information is subject to inherent risks
and uncertainties that may be general or specific and which give rise to the
possibility that expectations, forecasts, predictions, projections or
conclusions will not prove to be accurate, that assumptions may not be correct
and that objectives, strategic goals and priorities will not be achieved.
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, 2008.
    Other than as specifically required by law, we undertake no obligation to
update any forward-looking statement to reflect events or circumstances after
the date on which such statement is made, or to reflect the occurrence of
unanticipated events, whether as a result of new information, future events or
results otherwise.

    
    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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