Marathon Gold Announces Results of Annual Meeting of Shareholders

TORONTO, June 19, 2013 /CNW/ - Marathon Gold Corporation ("Marathon" or the "Company") (MOZ: TSX) is pleased to announce the results of voting at the annual meeting of shareholders held on June 18, 2013 in Toronto, Ontario.

All of the director nominees set out in the management information circular dated May 17, 2013 were elected as directors, to serve a one year term.  In addition, PricewaterhouseCoopers LLP was re-appointed as the Company's auditor for the fiscal year ending December 31, 2013, and a new by-law of the Company setting out an advance notice requirement for the nomination of directors by shareholders was confirmed and ratified.

Details of the voting are as follows:

Proposal #1            
  Votes For   Percentage
of Votes For
  Votes
Withheld
 
George D. Faught 19,107,362   99.35%   124,058  
Phillip C. Walford 19,107,362   99.35%   124,058  
David C. Poynton 19,107,362   99.35%   124,058  
Joseph G. Spiteri 19,107,362   99.35%   124,058  
Julian B. Kemp 19,227,362   99.98%   4,058  
Douglas H. Bache 19,227,362   99.98%   4,058  
             
Proposal #2            
  Votes For   Percentage
of Votes For
  Votes
Withheld
 
PricewaterhouseCoopers LLP 20,927,959   99.99%   1,008  
             
Proposal #3            
  Votes For   Percentage
of Votes For
  Votes Against  
Advance Notice By-Law 18,861,030   98.07%   370,360  

The Company's shareholders voted in favour of all matters brought before the meeting.  The results of voting will be filed at www.sedar.com.

The Board would like to thank Mr. Page Chilcott for his years of service and sage advice as a director of the company and founder of Marathon PGM Corp., the predecessor company of Marathon. Mr. Chilcott served as a director of Marathon Gold from its inception in 2010 and until the 2013 AGM. Marathon wishes Mr. Chilcott all the best in his future endeavors.

About the Valentine Lake Project

Marathon is the 100% owner of the Valentine Lake Project. The Leprechaun Gold Deposit is situated at the south-western end of the Valentine Lake Project, and the Valentine East Gold Zone is located 13 kilometres along strike running in a northeasterly direction from the Leprechaun Gold Deposit. The J. Frank Zone, which currently extends over an area in excess of 1.4 kilometres in length and 250 metres in width, is located up to 0.5 kilometres southwest along strike from the current resource boundary of the Leprechaun Gold Deposit.  Valentine East Hill, a satellite deposit located approximately 13 kilometres northeast and on-strike of the Leprechaun Gold Deposit, has reported an initial indicated open pit mineral resource of 761,000 tonnes grading 1.67 g/t Au, representing 41,000 ounces of Au, and an additional inferred resource of 199,000 tonnes grading 1.47 g/t Au, representing 9,000 oz of Au. These gold occurrences form part of a 23 kilometre long, highly prospective gold-bearing mineralized corridor focused along the Valentine Lake thrust fault.

About the Leprechaun Gold Deposit

The Leprechaun Gold Deposit has a NI 43-101 compliant Measured Resource of 3,033,000 tonnes grading 2.30 g/t Au and Indicated Resource of 6,505,000 tonnes grading 2.19 g/t Au, for a total estimated 682,000 ounces of Au (October 22, 2012 news release). The Inferred Resource is 1,959,000 tonnes grading 2.30 g/t Au, for an estimated 145,000 ounces of Au. This Resource was estimated using a 0.5 g/t Au minimum cut-off for open pit resources and 1.5 g/t Au for underground resources. The Leprechaun Gold Deposit is open at depth and along strike. This Resource is currently being updated.

About Marathon Gold Corporation

Marathon Gold Corporation is a North American gold resource development company, with projects located in the mining friendly province of Newfoundland and Labrador, the prolific Coeur d'Alene Mining District of Idaho and the historic gold rich Greenhorn District of Oregon, USA.  Marathon has a project pipeline consisting of early stage exploration to advanced resource development projects.  Marathon's focused and low-cost approach to exploration and resource development has an established record of delivering rapid growth.  For more information visit: www.marathon-gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to Marathon Gold Corporation, 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 Marathon Gold Corporation's public filings, which may be accessed at www.sedar.com.  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, results or otherwise.

SOURCE: Marathon Gold Corporation

For further information:

Marathon Gold Corporation

Phillip Walford
President and CEO
Tel: 1-416-987-0711
E-mail: pwalford@marathon-gold.com     

Christopher Haldane
Investor Relations Manager
Tel: 1-416-987-0714
E-mail: chaldane@marathon-gold.com


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