Marathon Gold Corporation announced further positive results from deep drilling of the Main Zone at the Leprechaun Gold Deposit, Valentine Lake Project, Newfoundland. The drilling focused on targeting up to 100 meter down-dip extensions of high-grade Main Zone gold intercepts identified in earlier drilling by Marathon. These holes were drilled after the 2012 fall resource was estimated and were not included in that resource.

Highlights include: new Main Zone high-grade cut gold intercepts: 9.57 g/t Au over 6.30 meters (TT) with 35.00 g/t Au (48.96 g/t Au uncut) over 0.90 meters (TT) in VL-12-504; new Main Zone high-grade cut gold intercepts: 6.91 g/t Au over 8.10 meters (TT) with 35.00 g/t Au (287.11 g/t uncut) over 0.90 meters (TT) in VL-12-503; additional significant gold intercepts include 3.53 g/t Au over 5.40 meters (TT) with 8.80 g/t Au over 0.90 meters in VL-12-502, 4.60 g/t Au over 3.60 meters (TT) with 12.61 g/t Au over 0.90 m in VL-12-503, and 5.38 g/t Au over 2.70 meters (TT) with 15.36 g/t Au over 0.90 m in VL-12-505; the new high-grade Main Zone gold intercepts represent 100 meter down dip step-outs from previous Marathon drilling of the Main Zone and show the continuation of the high-grade gold lenses well into the underground resource region of the Leprechaun Gold Deposit. Marathon has begun a 10,000 meter winter 2013 diamond drilling program focused along the highly prospective 23 kilometer strike length of the Valentine Lake Property. All grades in this release are uncut, and all thicknesses are estimated true thicknesses.