Marathon Gold Corporation ("Marathon" or the "company") announced the very positive results from the remaining drill holes of the 2016 drilling campaign at the Marathon Deposit, Valentine Lake Gold Camp; including the spectacular 25.33 g/t Au (uncut) over 14.0 meters including 310.35 g/t Au (uncut) over 1.0 meter near surface in drill hole MA-16-154. In addition, wide intervals of high-grade gold were intersected in deeper sections of drill holes MA-16-153 to MA-16-156 and extended MA-15-034 with best deep intercepts included 3.03 g/t Au over 18.0 meters in MA-16-053, 2.64 g/t Au over 40.0 meters in MA-16-154, and 2.84 g/t Au over 31.0 meters in MA-16-156. These latest drill results will be incorporated into the upcoming resource update for the Marathon Deposit which is expected to be released by the end of February, 2017. The 50 to 100 meter-wide and sub-vertical mineralized corridor of the Marathon Deposit, consisting of dominantly shallow SW-dipping en-echelon stacked quartz-tourmaline-pyrite-gold veining, has a current well defined strike length of over 550 meters, extends to depth for more than 400 meters, and is open both along strike and to depth. The 2017 drilling campaign is now underway, with two rigs drilling around the clock at both the Marathon and Leprechaun Deposits. The Marathon resource update will be used to optimize new drilling and the results of the winter 2017 drilling at both the Marathon and Leprechaun Deposits, plus planned drilling at the Sprite and Victory Deposits as well as other new gold showings, will all be incorporated into a later 2017 resource update in advance of the PEA for the Valentine Lake Gold Camp. The near-surface mineralization in MA-16-154 returned 25.33 g/t Au (uncut) over 14.0 meters including 310.35 g/t Au (uncut) over 1.0 meters. These results represent the gold assay ever intersected to date in the Marathon Deposit. The gold assay achieved to date was 1183.62 g/t Au over 1.0 meter in MA-14-024. The intercepts 200 meters or more below surface included 3.03 g/t Au over 18.0 meters with 7.03 g/t Au over 3.0 meters and 6.87 g/t Au over 4.0 meters in MA-16-153; 2.64 g/t Au over 40.0 meters with 13.12 g/t Au over 5.0 meter, 8.81 g/t Au over 1.0 meter and 9.67 g/t Au over 1.0 meter in MA-16-154; 1.85 g/t Au over 20.0 meter with 5.57 g/t Au over 4.0 meters and 4.44 g/t Au over 1.0 meter in MA-16-155; 2.84 g/t Au over 31.0 meters with 7.45 g/t Au over 2.0 meters, 4.26 g/t Au over 2.0 meters and 11.82 g/t Au over 4.0 meters in MA-16-156; and 3.40 g/t Au over 5.0 meters with 11.43 g/t Au over 1.0 meter in extended MA-15-034. These new deep high-grade gold intercepts occur between 70 - 120 meters down-dip from previous drilling and demonstrate the continuity and strength of the mineralization corridor of the Marathon Deposit. The deeper higher-grade mineralized zone, intersected in previously released drill holes MA-16-101, 107, 109, 111, 112, 113, 116, 127, 128, 130, 136, 149, 150, 151, 152 and MA-15-047 and 032, has a strike length in excess of 400 meters. The 50-100 meter-wide (TT) and sub-vertical Marathon Deposit alteration and mineralized corridor, including the 2015 open pit resource shell, extends along strike for at least 1.7 kilometers. Much of this 1.7 km strike length has been drill-tested with only wide spaced holes and therefore requires additional drilling before being included into a resource update. The current 2015 resource pit shell included just 450 meters of the total 1.7 km strike length and the new resource will expand beyond the 500-meter strike length to incorporate the recent very positive results from drilling to the southwest.