Marathon hits 6 m of 7.48 g/t PGM and gold and 0.06% copper in W Horizon



    TORONTO, Aug. 13 /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. These results for
9 holes confirm the continuity of mineralization between the southern end of
the Main Zone and the northern end of the Malachite area and define westward
extension of Main Zone mineralization. Click here to view Marathon PGM/Cu
Project's Drill Hole Map: http://files.newswire.ca/357/marathon_-_copper.doc

    High Grade W Horizon Drilling

    The western margin of the high grade W horizon was tested through a
series of six holes. Holes M-07-361, 362, 364, 365, 368 and 369 were drilled
along strike and down dip at a spacing of approximately 50 m, focused on the
W horizon. The best intersections occur in holes 368 and 369. Hole M-07-368
intersected 2.48 g/t PGM and gold and 0.01% copper over 18 m including 6 m at
5.68 g/t and 0.04% copper. Hole M07-369 contained 2.24 g/t PGM and gold and
0.01% copper over 12 m. Marathon remains confident that the potential
to expand the resource exists, considering that holes 368 and 369 are south
and west of the existing Main zone resource pit. These two holes are important
in confirming a high grade trend between the planned pits of the Malachite and
Main Zones.

    Main Zone Drilling

    Down dip extensions of the Main Zone were defined by holes M-07-363, 366
and 367. Hole M-07-363 is a step out drill hole located just inside of the
western edge of the existing resource pit and contains good grades of
2.58 g/t PGM and gold and 0.13% copper over 16 m and 1.53 g/t PGM and gold and
0.79% copper over 16 m. Holes M-07-366 and 367 are important holes as they are
both outside of the existing resource pit. M-07-366 is located outside of the
existing resource pit and contains 1.91 g/t PGM and gold and 0.32% copper over
12 m and 3.36 g/t PGM and gold and 0.05% copper over 2 m.
    Hole 367 is located 200 m outside of the existing resource pit and shows
a thinning of mineralized host rock at a depth of 400 m. Despite the thinning
of the mineralized Two Duck Lake gabbro, the hole intersected 22 m of
magnetite-rich Eastern gabbro that graded 0.57 g/t PGM and gold and 0.03% Cu.
While this mineralization is lower grade, it is at a very shallow depth and is
inside the existing resource pit wall and will help to reduce the strip ratio.
This demonstrates the continued potential for discovering higher grades and
additional resources within the magnetite rich Eastern Gabbro.
    Phillip Walford, President and CEO, stated "There is a shallow, high
grade lens developing between the Malachite and Main Zones and the new drill
holes are helping to define it. There is a good possibility that this resource
will enlarge the Main Zone pit."

    
    Table 1: Significant Drill Hole Results
    -------------------------------------------------------------------------
                                                                Total
                                                                  PGM
                                   Inter-                         and
                      From    To     val     Pd     Pt     Au    gold     Cu
    Hole      Zone      (m)   (m)     (m)  (g/t)  (g/t)  (g/t)   (g/t)    (%)
    -------------------------------------------------------------------------
    M-07-361     W      75    83       8   0.74   0.27   0.05    1.06   0.04
    -------------------------------------------------------------------------
    M-07-361            91    95       4   0.46   0.24   0.06    0.76   0.06
    -------------------------------------------------------------------------
    M-07-362     W      93    97       4   0.41   0.21   0.03    0.65   0.02
    -------------------------------------------------------------------------
    M-07-362           111   115       4   0.50   0.21   0.11    0.82   0.30
    -------------------------------------------------------------------------
    M-07-363  Main     199   209      10   0.24   0.17   0.05    0.46   0.11
    -------------------------------------------------------------------------
    M-07-363           219   223       4   0.41   0.22   0.03    0.66   0.17
    -------------------------------------------------------------------------
    M-07-363           255   271      16   1.73   0.69   0.16    2.58   0.13
    -------------------------------------------------------------------------
    M-07-363           297   317      20   0.38   0.10   0.07    0.56   0.24
    -------------------------------------------------------------------------
    M-07-363           329   345      16   1.17   0.25   0.11    1.53   0.79
    -------------------------------------------------------------------------
    M-07-364     W     150   154       4   0.84   0.26   0.11    1.22   0.14
    -------------------------------------------------------------------------
    M-07-365     W     161   171      10   0.77   0.23   0.11    1.11   0.16
    -------------------------------------------------------------------------
    M-07-366  Main      40    44       4   0.55   0.21   0.09    0.84   0.14
    -------------------------------------------------------------------------
    M-07-366           272   274       2   2.14   0.90   0.31    3.36   0.05
    -------------------------------------------------------------------------
    M-07-366           298   310      12   1.36   0.38   0.16    1.91   0.32
    -------------------------------------------------------------------------
    M-07-366           320   340      20   0.20   0.07   0.05    0.32   0.23
    -------------------------------------------------------------------------
    M-07-366           378   388      10   0.23   0.11   0.04    0.38   0.20
    -------------------------------------------------------------------------
    M-07-367  Main      56    78      22   0.42   0.11   0.05    0.57   0.03
    -------------------------------------------------------------------------
    M-07-368     W      53    61       8   0.41   0.14   0.06    0.61   0.23
    -------------------------------------------------------------------------
    M-07-368           129   147      18   1.53   0.87   0.08    2.48   0.07
    -------------------------------------------------------------------------
    includes           129   135       6   3.36   2.21   0.11    5.68   0.04
    -------------------------------------------------------------------------
    M-07-369     W      85    91       6   3.08   0.94   0.05    4.07   0.02
    -------------------------------------------------------------------------
    M-07-369           121   127       6   5.03   2.15   0.30    7.48   0.06
    -------------------------------------------------------------------------
    

    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.
    Drilling is continuing with two drilling rigs now concentrating on
tracing the wider mineralization in the south end of the Main Zone to depth.
Th program at the Bird River Sill property is proceeding well with several
geophysical targets ground checked and sampled. Assay results from the
drilling and trench work on the Marathon property as well as the Bird River
Sill field samples are pending. The turn around time for assay results has
been much slower than expected.

    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.
    In April 2007, Marathon entered into an option agreement with Gossan
Resources on the Bird River Sill Ni-Cu and PGM property, located in
Southeastern Manitoba. Marathon is conducting exploration activities through
2007 at the Bird River Sill and will be drilling at the Page Zone in late
autumn.

    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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