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To: LoneClone who wrote (20495)	5/29/2008 9:04:43 AM
From: LoneClone	Read Replies (1) \| Respond to of 193482

Marathon to Increase Holdings to Approximately 93.58% of Discovery Wed May 28, 7:32 PM ca.news.finance.yahoo.com TORONTO, May 28 /CNW/ - Marathon PGM Corporation ("Marathon" or "the Company") today announced that an additional 1,630,067 common shares of Discovery PGM Exploration Ltd., (PTD: TSX-V)("Discovery") were tendered under Marathon's offer (the "Offer") for all of the outstanding common shares of Discovery (the "Discovery Shares") that was first announced on February 19, 2008 and subsequently extended to 5:00 p.m. on May 28, 2008. Marathon has also announced that it has given notice to the depositary to take up all additional Discovery Shares tendered under the Offer by 5:00 p.m. (Toronto time) on May 28, 2008. Marathon will pay for these Discovery Shares on the basis of 0.0794 of a Marathon common share for every Discovery Share on or before June 2, 2008. Marathon will then hold approximately 93.58% of the outstanding Discovery Shares on a fully diluted basis. Any Discovery shareholder that (i) is a U.S. Person (as such term is defined in Regulation S under the United States Securities Act of 1933, as amended) or (ii) holds Discovery shares on behalf of a U.S. Person or (iii) is a shareholder resident in a jurisdiction in which Marathon shares may not be lawfully delivered will receive the cash proceeds from the sale of the Marathon shares that would have otherwise been distributed to them. Marathon intends to exercise its statutory right of compulsory acquisition under the Business Corporations Act (British Columbia) to acquire the remaining Discovery Shares that were not deposited to the Offer. A notice of compulsory acquisition will be mailed to all dissenting shareholders of Discovery and filed on Discovery's SEDAR profile at www.sedar.com on or before June 27, 2008. Discovery is expected to take steps to de-list the Discovery Shares from the TSX Venture Exchange and is expected to apply to securities regulatory authorities to cease to be a reporting issuer shortly. This press release shall not constitute an offer to purchase or a solicitation of an offer to sell securities in any jurisdiction. A copy of the early warning report filed pursuant to the applicable securities legislation is available online at www.sedar.com under Discovery's profile or may be obtained by contacting Marathon at 330 Bay Street, Suite 1505, Toronto, Ontario, M5H 2S8, Telephone 416-861-0851. 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 gen@marathonpgm.com Tel: +1.416.987.0711 Contacts David Leng P.Geo dleng@marathonpgm.com Tel: (905) 537-5377 Fax: (416) 861-1925