Marlin Gold Files Amended and Restated Preliminary Prospectus for Equity Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 17, 2014) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Marlin Gold Mining Ltd. (TSX VENTURE:MLN) ("Marlin" or the "Company") announces that the Company has filed an amended and restated preliminary prospectus (the "Amended Prospectus") in all of the provinces of Canada (other than Québec), which amends the preliminary prospectus of the Company filed on April 2, 2014. The amendments include the proposed pricing of the common shares, the proposed number of common shares to be issued, the aggregate gross proceeds anticipated to be raised, the use of proceeds and certain other matters disclosed in the Amended Prospectus. The Amended Prospectus is being filed in connection with a marketed public offering of common shares (the "Offering") pursuant to which it is proposed that the Company will issue 100,000,000 common shares at a price of $0.10 per common share for aggregate gross proceeds of $10,000,000. As previously disclosed in the Company's press release dated April 2, 2014, the Offering will be led by Cormark Securities Inc. and shall include a syndicate of underwriters including Dundee Securities Ltd., M Partners Inc., PI Financial Corp., Jacob Securities Inc. and Tempest Capital Corp. (the "Underwriters"). The closing of the Offering is subject to certain closing conditions including, but not limited to, the execution of an underwriting agreement with the Underwriters and all necessary regulatory approvals, including any required approvals of the TSX Venture Exchange.

The net proceeds of the Offering will be used to fund a portion of the acquisition payment to Golden Reign Resources Ltd. ("Golden Reign") in connection with the acquisition of the San Albino Gold Deposit stream, to fund the Company's proposed equity investment in Golden Reign, or as otherwise described in the Amended Prospectus. There may be circumstances where, for sound business reasons, a reallocation of funds may be deemed prudent or necessary in the Company's sole discretion.

The securities offered have not been, and will not be, registered under the U.S. Securities Act, 1933 (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.