Marathon Gold Provides Update Regarding Upcoming Annual and Special Meeting

TORONTO, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) reminds shareholders of its scheduled Annual and Special Meeting (the “Meeting”) to be held at the Company’s office at 36 Lombard Street, 6^th Floor, Toronto, Ontario, M5C 2X3 on August 10, 2020 at 11:00 a.m. Eastern Time.

Due to the ongoing public health impacts related to the COVID-19 pandemic and in consideration of the health and safety of shareholders, employees and the broader community, the Company strongly recommends that shareholders cast their votes by proxy in advance of the Meeting and do not attend the Meeting in person.

The Company is providing shareholders with an opportunity to listen to the Meeting as well as a general corporate update by logging in to the webcast link provided below. This is not a virtual meeting. However, shareholders will be able to ask questions of management via the webcast.

Marathon is also pleased to inform its shareholders that Institutional Shareholder Services and Glass Lewis & Co. have both recommended that Marathon shareholders vote FOR all proposals that are outlined in Marathon’s Notice of Meeting and Management Information Circular dated June 30, 2020 prepared in respect of the annual and special meeting of shareholders.

Your vote is important, and we encourage every shareholder to participate. Proxies must be voted no later than 5:00 p.m. Eastern Time on August 6, 2020. For further details, refer to the Management Information Circular filed on SEDAR at www.sedar.com. For more information or questions with respect to the Meeting, please contact the Company’s proxy solicitation agent, D.F. King, by email at [e-mail], by telephone at 1 [phone] (toll free within Canada and the United States) or 416-682-3825 (banks, brokers and collect calls outside Canada and the United States) for service in English and French or by fax at 1-888-509-5907 (North American toll free facsimile) or at 647-351-3176.

Live webcast: https://globalmeet.webcasts.com/starthere.jsp?ei=1340826&tp_key=04 ...

About Marathon

Marathon (TSX:MOZ) is a Toronto based gold company advancing its 100%-owned Valentine Gold Project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world. The Project comprises a series of four mineralized deposits along a 20-kilometre system. An April 2020 Pre-Feasibility Study outlined an open pit mining and conventional milling operation over a twelve-year mine life with a 36% after-tax rate of return. The Project has estimated Proven Mineral Reserves of 1.3 Moz (26.3 Mt at 1.52 g/t) and Probable Mineral Reserves of 0.6 Moz (14.8 Mt at 1.23 g/t). Total Measured Mineral Resources (inclusive of the Mineral Reserves) comprise 1.9 Moz (31.7 Mt at 1.86 g/t) with Indicated Mineral Resources (inclusive of the Mineral Reserves) of 1.19 Moz (23.2 Mt at 1.60 g/t). Additional Inferred Mineral Resources are 0.96 Moz (16.77 Mt at 1.78 g/t Au). Please see the Technical Report dated April 21, 2020 for further details and assumptions relating to the Valentine Gold Project.