Marathon Gold to Host Technical Investor Webcast

TORONTO, June 30, 2022 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) will be hosting a virtual investor day to discuss the Valentine Gold Project (the ‘Project”) on Wednesday, July 6, 2022 at 10:00 am EDT.

The Company’s management team will host a technical session via video webcast to provide an update on the Project’s upcoming new Mineral Resource Estimate and ongoing mine planning and engineering work. Details of the session, which will include an investor Q&A, are as follows:

• Participants may listen to the webcast by registering via the following link: https://globalmeet.webcasts.com/starthere.jsp?ei=1558171&tp_key=22 ....
• An archived webcast will be available at www.marathon-gold.com.
• The presentation for the technical session will be found on the Company’s website at www.marathon-gold.com on July 6, 2022.
  

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 five mineralized deposits along a 20-kilometre system. An April 2021 Feasibility Study outlined an open pit mining and conventional milling operation over a thirteen-year mine life with a 31.5% after-tax rate of return. The Project has estimated Proven Mineral Reserves of 1.40 Moz (29.68 Mt at 1.46 g/t) and Probable Mineral Reserves of 0.65 Moz (17.38 Mt at 1.17 g/t). Total Measured Mineral Resources (inclusive of the Mineral Reserves) comprise 1.92 Moz (32.59 Mt at 1.83 g/t) with Indicated Mineral Resources (inclusive of the Mineral Reserves) of 1.22 Moz (24.07 Mt at 1.57 g/t). Additional Inferred Mineral Resources are 1.64 Moz (29.59 Mt at 1.72 g/t Au). Please see Marathon’s Annual Information Form for the year ended December 31, 2021 and other filings made with Canadian securities regulatory authorities and available at www.sedar.com for further details and assumptions relating to the Valentine Gold Project.

For more information, please contact:

Amanda Mallough Senior Associate, Investor Relations Tel: [phone] [e-mail]

Matt Manson President & CEO [e-mail]

Julie Robertson CFO [e-mail]

To find out more information on Marathon Gold Corporation and the Valentine Gold Project, please visit www.marathon-gold.com.