Marathon Announces Aggressive 60,000-meter Drilling Program for Accelerated Resource Growth, Valentine Lake Gold Camp

Marathon Gold Corp.

TORONTO, ON--(Marketwired - May 31, 2017) - Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) is excited to announce the Company's plans for exploration and development activities at the Valentine Lake Gold Camp following the recent closing of the bought deal financing which generated gross proceeds of $18.6 million. The net proceeds of the offering will allow Marathon to continue infill, extension and exploration drilling at the Valentine Lake Gold Camp, advance the metallurgical programs, and increase the ongoing environmental work at the property in preparation for future mine permitting, among other activities as set out in additional detail within the final short form prospectus of the Company dated May 16, 2017. Marathon has increased staff and expanded facilities at the Valentine camp as we commence our expanded exploration program.