Wednesday 7th December 2016

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Marathon PGM drilling confirms gold deposits in Nfld

MAR:CA New drilling results have confirmed high-grade intercepts (as high as 88.5 grams per tonne) at its Leprechaun Gold Deposit in Newfoundland. Previous exploration revealed gold content as high as 38.3 g/t. VP Exploration David Good commented, “Hole 205 is a very important hole because it was drilled into the heart of the Leprechaun Gold Deposit where high grade intersections (greater than 15 g/t gold) from 15 drill holes, including holes 160 and 165 have partially defined a continuous zone that is currently 200 metres in strike length.”

Marathon PGM is exploring the area under an option and joint venture agreement between Marathon and Mountain Lake Resources Inc. (MOA:CA) in order to expand the life of its planned open-pit mining operation.

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Contact: David Leng, P.Geo. 416.849.3432, Mobile 905.537.5377

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