Marathon Gold Corporation announced results from the latest round of shallow exploration drilling in the SW part of the J. Frank Zone, Valentine Lake Project, Newfoundland. The drilling focused along a 230 meter strike length of the Valentine Lake thrust fault; proximal to the Galley Veins area which contained previously reported high-grade gold values from prospecting and channel sampling. The near surface drilling intercepted 6.88 g/t Au over 3.0 meters (TT) including 20.61 g/t Au over 1.0 meter (TT) in VL-12-483 and 2.18 g/t Au over 7.0 meters (TT) including 11.08 g/t Au over 1.0 meters (TT) in VL-12-476.

The near surface intervals of 6.88 g/t Au over 3.0 meters (TT) including 20.61 g/t Au over 1.0 meter (TT) in VL-12-483 and 2.18 g/t Au over 7.0 meters (TT) including 11.08 g/t Au over 1.0 meters (TT) in VL-12-476 represent an up to 80 meter down-dip interception of stacked gold-bearing QTP Galley Veins along the Valentine Lake thrust fault. This recent drilling in the SW - J. Frank Zone confirms the occurrence of high-grade gold mineralization in stacked QTP veining within a strong alteration halo both along a 230 meter strike length of the Valentine Lake thrust contact and for up to 135 meters into the hanging wall. The company has begun a planned 10,000 meter winter 2013 diamond drilling program focused along the highly prospective 23 kilometer strike length of the Valentine Lake Property.

All grades in this release are uncut, and all thicknesses are estimated true thicknesses. All of the samples were analyzed at Eastern Analytical Laboratory Ltd., in Springdale, Newfoundland. Samples were assayed using lead collection fire assay with AA (atomic absorption) finish.

Due to the coarse nature of the gold at the Leprechaun Gold Deposit, the metallic screening method is used on economically important intersections using standard fire assay techniques.