About Marathon PGM Corporation

The Company has a 100-per-cent interest in the Marathon Project, located about 10 kilometers north of Marathon, Ont. The project is currently undergoing a definitive feasibility study and a 40,000 m drill campaign was completed in September 2007. As announced previously, the Company has completed a revised preliminary economic assessment in compliance with the provisions of National Instrument 43-101, showing a measured resource of 39.2 million tonnes containing 1.6 million ounces of PGM and gold and 285 million pounds of copper, and an indicated resource of 28.9 million tonnes containing 1.1 million ounces of PGM and gold and 178 million pounds of copper. An additional low-grade resource was also identified in the report completed by P&E Mining Consultants Inc. and filed on SEDAR on April 5, 2007.

As part of its growth strategy, in April 2007, Marathon entered into an option agreement with Gossan Resources on the Bird River Project, located in southeastern Manitoba. Prospecting and data compilation of the Bird River Project is focused over several key areas, including the Coppermine, Page East, Page West and Galaxy Zones. Marathon can earn-in up to a total 70% interest by completing a definitive feasibility study and arranging project financing. In October 2007, Marathon entered into an agreement with Bird River Mines Inc on the Ore Fault and Lotus Properties, located on the eastern margin of Marathon's Bird River Project.

In August 2007, Marathon acquired the Steel Mountain Project in western Newfoundland and Labrador and has completed the initial phase of exploration on this 227.5 km(2) property. The Company holds a 100% interest in the Steel Mountain Project.