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To: LoneClone who wrote (19375)	5/12/2008 9:48:34 AM
From: LoneClone	Read Replies (1) \| Respond to of 194794

Marathon Discovers Parallel Mineralized Zone at Bird River and Hits 8m grading 0.78% Ni, 0.26% Cu, and 0.69g/t PGM and Gold Mon May 12, 8:31 AM ca.news.finance.yahoo.com TORONTO, May 12 /CNW/ - Marathon PGM Corporation ("Marathon") (TSX: MAR.TO) is pleased to report Marathon's drilling has discovered a parallel zone of Nickel-Copper and Platinum Group Metals ("Ni-Cu-PGM") mineralization 225m south of the Page Zone at the Bird River Project in southeast Manitoba. Highlights: - drill discovery of new zone of Ni-Cu-PGM mineralization 225m south of the Page Zone surface projection - successful test of down dip extension of Page Zone confirms 3D geophysical model - 8m intersection of Ni-Cu-PGM mineralization grading 0.78% Ni, 0.26% Cu, and 0.69g/t PGM and Au in a sulphide lens within hole MP0803 - 47.34m interval grading 0.35% Ni, 0.11% Cu and 0.344g/t PGM and Au demonstrates the potential for open-pit mining - nearly continuous mineralization over 180m thickness "Discovery of this new parallel zone is an impressive exploration success. This new zone gives us a mineralized sequence of at least 180m in thickness in which to develop resources. The results of the drilling to date are very significant for resource development on the Ore Fault and Page Zones," said Phillip Walford, President and CEO of Marathon. Page Zone Drilling and Mineralization Mineralization at the Page Zone has been identified over an east-west strike length of 500m, and is gently dipping to the south at approximately 10-40 degrees. Holes MP0804 and MP0805 were collared 225m south of MP0806 in order to test the downdip extension of the Page Zone and a coincident 3D IP geophysical anomaly. Both holes confirmed the presence of Page Zone mineralization down dip and intersected the newly discovered parallel zone on surface. These three holes identify a wedge of extensive mineralization (up to 180m thick) that thickens and remains open to the south. The holes are also the southern most drilling ever conducted on the Page Zone. The total thickness of the new zone is not known since both drill holes were collared in mineralization. An additional zone of chromite associated Ni-Cu-PGM mineralization was identified 100m to the south of holes MP0804 and -05 by prospecting in 2007 but has not as yet been drill tested. Holes MP0801, -02 and -03 were spaced 20m apart on the eastern margin of the Page Zone and intersected mineralization on surface and down-dip. Hole MP0806 was placed between two historical drillholes to confirm mineralization and act as an infill hole. MP0806 was successful in confirming thicknesses and grades of mineralization found in historical holes. Assay Results from Marathon's Drilling ------------------------------------------------------------------------- Total True PGM Hole From To Width Pd Pt Au and Au Cu Ni (m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%) (%) ------------------------------------------------------------------------- MP0801 3.2 33 29.8 0.20 0.05 0.03 0.28 0.09 0.26 ------------------------------------------------------------------------- including 20 29 9 0.29 0.07 0.02 0.39 0.12 0.35 ------------------------------------------------------------------------- MP0801 44 51 7 0.48 0.11 0.01 0.60 0.15 0.54 ------------------------------------------------------------------------- including 44 47.15 3.15 0.69 0.11 0.01 0.82 0.25 0.92 ------------------------------------------------------------------------- MP0802 3.1 36 32.9 0.26 0.07 0.01 0.34 0.11 0.32 ------------------------------------------------------------------------- MP0803 2.66 50 46 0.25 0.08 0.02 0.34 0.11 0.35 ------------------------------------------------------------------------- including 42 50 6 0.49 0.18 0.03 0.69 0.26 0.78 ------------------------------------------------------------------------- MP0804 5.5 79.5 68 0.17 0.04 0.02 0.23 0.10 0.19 ------------------------------------------------------------------------- including 59.5 71.5 10 0.40 0.08 0.02 0.50 0.07 0.43 ------------------------------------------------------------------------- MP0805 5.35 25 17 0.11 0.03 (less 0.14 0.02 0.18 than) 0.01 ------------------------------------------------------------------------- 33 63 28 0.26 0.07 0.01 0.34 0.04 0.23 ------------------------------------------------------------------------- 74 82 8 0.01 0.01 (less 0.02 (less 0.20 than) than) 0.01 0.01 ------------------------------------------------------------------------- 112 126 12 0.04 0.01 (less 0.05 (less 0.16 than) than) 0.01 0.01 ------------------------------------------------------------------------- 140 150 10 0.07 0.02 0.01 0.10 (less 0.26 than) 0.01 ------------------------------------------------------------------------- 158 180 20 0.06 0.01 0.01 0.08 (less 0.18 than) 0.01 ------------------------------------------------------------------------- 191 205 12 0.10 0.02 0.01 0.12 0.03 0.19 ------------------------------------------------------------------------- 235.15 248 12 0.18 0.04 0.01 0.23 0.08 0.22 ------------------------------------------------------------------------- MP0806 12 30.65 17 0.25 0.06 0.01 0.32 0.11 0.30 ------------------------------------------------------------------------- Assays are currently pending for a total of 7 holes from the Page Zone and 4 holes from the Galaxy Zone. The drill has moved to the Ore Fault North Zone to drill an additional 1,600m of infill and step-out drilling. Marathon has an option to earn up to 70% of the Bird River Project from Gossan Resources Ltd (see Marathon release of April 17th, 2007). The Ore Fault property is part of the joint venture. The Bird River Project is a very large property, covering a strike length of 22km of the Bird River Sill. Numerous known showings of Ni-Cu-PGM are present throughout the Bird River Sill. Marathon's drilling has only tested 3km of the west end of the Bird River Project. Samples consist of NQ-size drill core that are split by diamond saw on site, prepared at ALS Chemex Vancouver, and assayed by fire assay with an ICP-OES finish (for Pt, Pd and Au) and aqua regia or four acid dissolution and ICP-OES finish for base metals. Marathon's quality assurance-quality control (QA-QC) program consists of insertion of standards of known PGM content and duplicates every 30 samples. After sampling, the remaining half core is retained on site for future verification and reference purposes. David Good, P.Geo., VP Exploration, is Marathon's Qualified Person in compliance with National Instrument 43-101 with respect to this release. Dr. Good has reviewed the contents for accuracy and has approved this press release on behalf of Marathon. About Marathon PGM Corporation: Marathon is in the process of completing a definitive feasibility study on the Marathon PGM-Cu deposit. Marathon also has development and exploration stage properties in southeastern Manitoba and western Newfoundland and Labrador. Marathon's management plans to build on this focus through the advancement of its properties, focusing on resource development and by examining other strategic PGM and base metal opportunities within Canada. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These risks and uncertainties include but are not limited to those identified and reported in Management's Discussion and Analysis for the year ended December 31, 2007. Circumstances or management's estimates or opinions could change, and management disclaims any obligation to revise or update forward-looking statements, whether for new information, future events or otherwise. The reader is cautioned not to place undue reliance on forward-looking statements. On Behalf of Marathon PGM: "Phillip C. Walford" Phillip C. Walford, P.Geo. President, Chief Executive Officer Tel: +1.416.987.0711 gen@marathonpgm.com Contacts David Leng P.Geo: Tel: (416) 849-3432 Fax: (416) 861-1925 dleng@marathonpgm.com