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02 28-12 mozpdac-feb

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  • 1. Rapidly Developing North American Gold Resources at Low Cost and Low Risk Winter Presentation 2012 1
  • 2. Forward Looking TSX:MOZ 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 include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “considers”, “intends”, “targets”, or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”. We provide forward-looking statements for the purpose of conveying information about our current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Marathon Gold Corporation’s public filings, which may be accessed at www.sedar.com . Other than as specifically required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events, results or otherwise.
  • 3. Proven Management TSX:MOZ 1 Management Board of DirectorsPhillip Walford, P.Geo. | President , CEO & Director Phillip Walford, P.Geo. | See Management• 40 years in the mining industry, primarily in mining geology• Has held senior management roles at a number of companies George Faught, CA | Non-Executive Chairman throughout the Americas, including Anaconda Gold, Geomaque • 30+ years in the financial management and resources Exploration, LAC Minerals, Pamour Porcupine Mines, and Hudson industries Bay Exploration and Development • Former CFO of North American PalladiumSherry Dunsworth, P.Geo. | VP of Exploration Joe Spiteri, P.Geo. | Director• 25+ years in the mining industry • 30+ years in the mining industry• Former member of the Mineral Rights Adjudication Board of • Former senior Manager and Officer with Placer Dome, Newfoundland and Labrador Northgate Explorations, Lac Minerals and Campbell• Former Geoscience Councilor for the Association of Professional Resources Engineers and Geoscientists of Newfoundland and Labrador Page Chilcott | DirectorJim Kirke, CA | CFO • Former President of the Vancouver Stock Exchange• 15+ years involvement in the mining industry• Former CFO of BacTech Mining and Golden Odyssey Mining David Poynton | Director • 30+ years of legal and business experience • Former Senior VP, General Counsel and Corporate Secretary for Iberian Minerals and Cadillac Ventures
  • 4. Strong Balance Sheet TSX:MOZ 2 Strong Balance Sheet Share Price Performance Share Price (02-08-12) $0.93 Shares Outstanding 29,871,928 Price (CAD) Warrants ($1.80) 2,140,995 Options (at $1.61) 2,689,000 Fully diluted 34,701,923 Market Cap ~C$27.7million Investors Stillwater (15%) Sprott Sentry Select MonthAnalysts•Haywood Securities•Fraser Mackenzie•Octagon Capital Corp.•Pope and Company•Canaccord
  • 5. Company Highlights TSX:MOZ 3  Three gold projects in mining-friendly jurisdictions - Valentine Lake Project in central Newfoundland (50/50 JV with Mountain Lake Resources) Three robust gold - Fully permitted Golden Chest Mine in Idaho’s prolific Coeur d’Alene Mining District projects (50/50 JV with New Jersey Mining Company) • Can earn 60% by putting $3.5 M in the ground - Bonanza Mine in Oregon’s prolific Greenhorn Gold District (100% Owned)  Aggressive drilling programs - approx. 36,000 m of drilling completed at the Valentine Lake Project by Marathon Near-term Gold; expanding the existing resource resource growth - 40,000 m 2012 drill program at Valentine Lake Project potential - 10,000 m 2011 program completed at Golden Chest Mine - 25,000 m 2012 drill program at Golden Chest Mine  Quartz veining new gold discovery at the Leprechaun Gold Deposit (J. Frank Zone) Significant  Five gold prospects identified along 17 km of strike at Valentine Lake Project exploration - Leprechaun Gold Deposit Resource contained within 750 m strike pipeline  Significant exploration potential at both Valentine Lake Project and Golden Chest Mine Several near-  Initial Resource Estimate at Golden Chest Mine expected Q1-2012  Updated Resource Estimate at Valentine Lake Project expected late Q1- 2012 term catalysts  Potential to advance Golden Chest Mine to development as early as 2013 given underground infrastructure and permits in place
  • 6. Our Projects TSX:MOZ 4 Legend Advanced Stage 1. Valentine Lake – Leprechaun Deposit 2. Golden Chest Early Stage 1. Bonanza 2. Baie Verte 3. Finger Pond
  • 7. Newfoundland TSX:MOZ 5
  • 8. Valentine Lake Project:Flagship Project TSX:MOZ 6
  • 9. Valentine Lake Project: Leprechaun Gold Deposit TSX:MOZ 7 The most explored deposit among the 5 known gold occurrences Leprechaun deposit has been extended along strike and down-dip Coarse and free gold have excellent metallurgical recoveries with ~50% by gravity, total >90% NI 43-101 compliant Resource Estimate Total Tonnes Cut Au (g/t) Au oz Resource (MM) Aggressive 40,000 m drill program underway Above 0.50 g/t cut off1 Resources Estimate update expected Q1 2012 Measured 2.1 MM 2.768 187,000 Indicated 1.2 MM 2.363 90,000 M+I 3.3MM 2.622 277,000 Inferred 4.4 MM 2.007 285,000 Total 562,000
  • 10. Leprechaun Gold Deposit TSX:MOZ 8 Ideal for open PitView SW towards Leprechaun Pond
  • 11. Leprechaun Gold Deposit: TSX:MOZContinuity of Mineralization 9
  • 12. Leprechaun Gold Deposit:Ideal for Open Pit TSX:MOZ 10
  • 13. Leprechaun Gold Deposit:Ideal for Open Pit TSX:MOZ 11
  • 14. Leprechaun Gold Deposit:Ideal for Open Pit TSX:MOZ 12
  • 15. Leprechaun Gold Deposit, New TSX:MOZDiscovery: J. Frank Zone 13Extends in excess of850 m in length and250 m in width, and islocated up to 1.5 kmsouthwest along strikefrom the currentresource boundary ofthe Leprechaun Golddeposit
  • 16. Leprechaun Gold Deposit, New Discovery: J. Frank Zone TSX:MOZ 14 High grade grab samples consisting of quartz-tourmaline-pyrite with coarse visible gold returned assays of up to 581.88 g/t Au, 287.95 g/t Au, 152.75 g/t Au and 88.60 g/t Au The newly exposed quartz-tourmaline-pyrite-gold stacked veins occur 100 m into the hanging-wall Ongoing prospecting and stripping continues to exposes additional quartz veining along strike and into the hanging wall Channel sampling continues, with assays pending
  • 17. J. Frank Zone:Coarse Visible Gold TSX:MOZ 15
  • 18. Finger Pond Deposit: 100% Owned TSX:MOZ 16Located 30 km on-strike and to the southwest from the Valentine Lake ProjectHistorical exploration work outlines a number of gold and base metal showings along the 20km strike lengthExploration work planned for 2012 Marathon Gold Corporation
  • 19. Idaho TSX:MOZ 17
  • 20. Golden Chest Mine: Historical Producer TSX:MOZ 18  Past producing mine located within Idaho’s prolific Coeur d’Alene Mining District  Mining historically focused on high grade (>17 g/t) veins (Katie+Dora, Idaho, etc)  Recent localized mining by JV partner New Jersey Mining Company, produced 8,500 t of ore with an average grade of 6.90 g/t and an average recovery of ~94%  Can earn 60% by putting $3.5 M in the ground  Fully permitted surface and timber rights with an existing reserve and exploration potential  Stable rich mining heritage and beside major road  10,000 m of drilling completed in 2011  25,000 m of drilling planned for 2012Largest historical gold producer in Coeur d’Alene MiningDistrict
  • 21. Golden Chest Mine TSX:MOZ 19 Patented claims and historic open pit ResourceOpen pit potential andsignificant potential for reservegrowth through continuedunderground drilling
  • 22. Golden Chest Mine: Near Surface Open-Pit TSX:MOZ 202011 Drill Program Complete DDH-11-39 – 47.6 m @ 1.94 g/t Au 56 drill holes DDH-11-37 – 29.0 m @ 1.51 g/t Au 10,000 m Initial Resource Estimate Q1 2012 DDH-11-38 – 21.0 m @ 1.86 g/t Au Underground rehabilitation underway in the historic high grade area DDH-11-35 – 30.5 m @ 0.86 g/t Au2012 Drill Program DDH-11-27 – 15.5 m @ 0.59 g/t Au 25,000 m DDH-11-30 – 21.0 m @1.30 g/t Au
  • 23. Oregon TSX:MOZ 21
  • 24. Bonanza Mine: TSX:MOZ Historical High Grade Producer 22 100% Owned Historical Producer • 128,500 tons grading 1.2 oz/ton and 99,900 oz Au was produced with an average recovery of 65% • Historic mining cut off grade of 0.60 oz/ton (17 grams) Three main veins are important for mining • South Vein • Bonanza Vein; can be followed on surface from more than 2,500 ft • North Vein The Veins vary from a foot to 6 ft wide and locally can be up to 30 ft wide, dipping steeply to the southwest Exploration work to commence Q2 2012
  • 25. Summary of Reserves and TSX:MOZResources 23 Reserves & M and I Inferred Deposit Tonnes Au Grade Gold Tonnes Au Grade Gold (oz) g/t (oz) g/t Valentine Lake1 3,284,000 2.6 276,843 4,409,000 2.0 285,000 Historic Reserves & M and I Historic Inferred Deposit Tonnes Au Grade Gold Tonnes Au Grade Gold (oz) g/t (oz) g/t Historic Golden Chest 2,3 242,058 5.1 37,885 - - - (underground) Historic Golden Chest3 (open pit) 1,227,150 1.35 53,263 5,522,850 0.98 174,000 Attributable Marathon 2,376,604 3.0 183,995 4,965,925 1.5 230,000 Reserves & Resources1. Source: Technical Report on the Mineral Resource Estimate for the Leprechaun Gold deposit Valentine Lake Gold Project Central Newfoundland, Canada, dated January 31, 20112. Source: New Jersey Mining Company’s Form 10-L for the fiscal year-ended December 31, 20103. The Golden Chest Mine is a 50/50 Joint Venture with New Jersey Mining Company, therefore Marathon Gold Reserves and Resource account for half4. These are historical estimates reported on the Golden Chest property which Marathon is not treating as current mineral resources or mineral reserves under NI 43-101. A qualified person has not done sufficient work to classify the historical estimates as a current mineral resource or mineral reserve and they should not be relied upon
  • 26. Reasons to Invest TSX:MOZ 24  Located in mining-friendly Newfoundland, Canada , Idaho and Oregon, USA  Strong infrastructure; highway/road access, water, fully equipped on sight LOCATION camps  Socio-economic and political stability  Over 80 years of proven Management experience in mining exploration,MANAGEMENT development and production  We have the GOLD - our focus is no longer to find the gold but develop and grow the resources that we haveDEVELOPING  Golden Chest – Initial Resource Estimate expected Q1 2012RESOURCES  Valentine Lake Project – Updated Resource Estimate expected 2012  40,000 m drill program planned for 2012 at Valentine Lake Project  25,000 m drill program planned for 2012 at Golden Chest  Orgogenic gold deposits at Valentine and Golden Chest have significant SIGINFICANT exploration potentialEXPLORATION  Mineralization covering only a fraction of Valentine’s total 30 km strike has POTENTIAL been delineated
  • 27. TSX:MOZwww.marathon-gold.com

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