Marathon Intersects 1.05g/t PGM and Au and 0.30% Cu over 32m on BCF JV Property

    TORONTO, Aug. 27 /CNW/ - Marathon PGM Corporation ("Marathon" or "the
Company", MAR-TSX) is pleased to announce the newest drilling results from the
Bamoos-Claw Lake-Four Dams ("BCF") Property, which is being explored under an
option and joint venture agreement with Benton Resources (TSX.v:BTC). The BCF
property adjoins the northern margin of the Company's Marathon Project north
of Marathon, Ontario.

    - hole MB-08-19 intersected 32m grading 1.05g/t PGM and Au and 0.30% Cu
    - hole MB-08-23 intersected 28m grading 0.57g/t PGM and Au and 0.23% Cu
    - downdip continuity of mineralization established
    - new resource/reserve estimation is nearing completion

    Marathon holes MB-08-19 and -23 are down dip from the Main Zone and
located 75 m south and along strike from the 100m intersection found in hole
MB-08-10. Infill drilling on the BCF property is a high priority for Marathon,
as mineralization on the northern end of the Marathon deposit will provide
additional tonnes to the upcoming reserve. This work is important for the
Marathon Feasibility Study, as Marathon has the right to mine up to 200 meters
into the BCF property prior to the JV being completed.
    "These results demonstrate how extensive mineralization is, well beyond
the current resource pitshell," said David Good, VP of Exploration.
"Occurrences of mineralization are found for several kilometres along strike
to the northwest, which will provide excellent future exploration potential."

    Results from Marathon-Benton JV Drilling
                              True                             Total
               From    To   Thickness   Pd      Pt      Au    PGM and     Cu
    Hole        (m)    (m)     (m)     (g/t)   (g/t)   (g/t)  Au (g/t)    (%)
    MB-08-18    200    206      6      0.43    0.18    0.07     0.68    0.16
    MB-08-19    170    178      8      0.73    0.27    0.07     1.07    0.14
    MB-08-19    228    238     10      0.66    0.21    0.06     0.93    0.33
    MB-08-19    242    250      8      1.05    0.29    0.10     1.44    0.29
    MB-08-19    266    270      4      0.36    0.12    0.11     0.59    0.19
    MB-08-19    276    308     32      0.73    0.24    0.08     1.05    0.30
    MB-08-20    195    199      4      0.34    0.09    0.09     0.52    0.18
    MB-08-20    210    216      6      0.31    0.15    0.04     0.50    0.17
    MB-08-22    224    234     10      0.77    0.20    0.08     1.04    0.08
    MB-08-23    273    301     28      0.39    0.13    0.05     0.57    0.23
    MB-08-23    297    301      4      0.55    0.29    0.04     0.89    0.30
    MB-08-23    307    311      4      0.91    0.09    0.03     1.03    0.56
    (1) Holes MB-08-17 and -21 intersected no significant values.

    Please click on to view a
drill map.

    Current Drilling

    Marathon's drilling and trenching programs for 2008 on the BCF property
will provide critical information for both furthering exploration and mine
planning. Details of geology assist and guide exploration, while the
mineralized boundaries will be used for mine development and planning.
    Collaborating in exploration is of mutual benefit to Marathon and Benton.
Information being shared between geologists is assisting prospecting further
along strike, as well as adding to the knowledge base. Marathon's holes have
enlarged the boundaries of mineralization, assisted by historical holes
drilled by Fleck and Anaconda as well as recent drilling by Benton.
    Drilling intersected mineralization that is characteristic of the
Marathon deposit. Continuity of mineralization was confirmed on and across
section, as well as down-dip. Marathon's drilling on the BCF property is
expected to resume in 2009, where the focus will be expanding the resource
along strike to the northwest.
    All of the samples were sent to Accurassay, an accredited laboratory in
Thunder Bay, Ontario, to be assayed using fire assay and other standard
    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, which is on track for completion in September.
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

    %SEDAR: 00020574E

For further information:

For further information: David Leng, P.Geo: Tel: (416) 849-3432, Fax:
(416) 861-1925,

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