Marathon Gold to Open Market at Toronto Stock Exchange

TORONTO, Jan. 18 /CNW/ - Marathon Gold Corporation (MOZ-TSX) (“Marathon Gold”), a gold resource development company with projects located in Newfoundland and Labrador, and Idaho is pleased to announce that the Company will open the market today at Toronto Stock Exchange. Phillip Walford, Chief Executive Officer, along with other Company representatives and guests, will be present for the ceremony.

“We have an aggressive development strategy to expand the resources on both the Valentine Lake Project and the Golden Chest Project over the next few months,” said Phillip Walford, President and CEO of Marathon Gold Corporation. “With over 35,000 metres of drilling planned this year between both projects, we are well-positioned to expand our current resources and bring them into the Measured and Indicated category.”

The ceremony will take place at the TMX Broadcast Centre in Toronto. Phillip Walford will open the market at 9:30 A.M. EST and will be available for interviews following the ceremony.

About Marathon Gold Corporation

Marathon Gold Corporation is one of Canada’s newest gold resource development companies, with projects located in the mining friendly province of Newfoundland, Labrador and North Idaho in the USA. Marathon Gold has a tiered project pipeline consisting of early stage exploration to advanced resource development projects which can be built into mineable reserves. Marathon Gold is continually evaluating new gold resource development projects of merit that are located within the Americas. Marathon Gold’s focused and low-cost approach to resource development and exploration has an established record of delivering rapid growth. Marathon Gold is the operator of the Valentine Lake Project under the sub-option and joint venture agreement (“OJVA”) between Mountain Lake Resources Inc. and Marathon Gold owns a 50% interest in Golden Chest LLC, owner of the Golden Chest mine in North Idaho.

Except for statements of historical fact relating to Marathon Gold, certain information contained herein constitutes “forward-looking statements”. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “considers”, “intends”, “targets”, or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”. We provide forward-looking statements for the purpose of conveying information about our current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Marathon Gold’s public filings, which may be accessed at Marathon Gold offers no assurance that the Offering will be completed upon the above-referenced terms or at all. Other than as specifically required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results otherwise.

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