2. TSX:MOZ
FORWARD LOOKING INFORMATION
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.
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3. TSX:MOZINVESTMENT HIGHLIGHTS
TWO ROBUST GOLD PROJECTS:
Advancing two high grade gold projects located in mining-friendly jurisdictions in Canada and the United
States
Flagship Valentine Lake Project in central Newfoundland (100% owned)
• A fraction of Valentine’s total 30 km strike has been explored in detail, new gold areas are found each
year
• Leprechaun deposit remains open at depth and along strike
Golden Chest Mine (50/50 JV with New Jersey Mining Company) in Idaho’s rich Coeur d’Alene
Mining District
• Golden Chest has significant exploration potential at depth and along strike to the north
PROVEN MANAGEMENT TEAM
• Over 80 years of management experience in mining exploration, development and production
• Same management and technical team behind Marathon PGM
(sold to Stillwater for $110 million in Dec. 2010)
2013 FOCUS
• Update the NI 43-101 with the new data collected from the 10,000 m Winter Drilling Campaign
• Economic Study on the Valentine Lake Project in Newfoundland
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4. TSX:MOZ
SHARE CAPITALIZATION
CAPITAL STRUCTURE
SHARE PRICE (MARCH 25, 2013) $0.53
SHARES OUTSTANDING 59,939,411
WARRANTS (AVERAGE PRICE $1.26) 6,748,751
OPTIONS (AT $1.26) 5,430,000
FULLY DILUTED 72,118,162
MARKET CAP ~C$31.7 million
WORKING CAPITAL ~C$5 million
ANALYST COVERAGE
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5. TSX:MOZ
MANAGEMENT
Phillip Walford, P.Geo. | President , CEO & Director
• 40 years in the mining industry, primarily in mining geology
• One of the founders of Marathon PGM in 2003
• Has held senior management roles at a number of companies throughout the Americas, including
Anaconda Gold, Geomaque Exploration, LAC Minerals, Pamour Porcupine Mines, and Hudson Bay
Exploration and Development
• Has been involved in over 20 producing mines during his career
Sherry Dunsworth, P.Geo. | VP of Exploration
• 30+ years in the mining industry
• Has held positions with Anaconda Gold and Marathon PGM
• Director, Mining Industry Newfoundland and Labrador
• Former member of the Mineral Rights Adjudication Board of Newfoundland and Labrador
• Former Geoscience Councilor for the Association of Professional Engineers and Geoscientists of
Newfoundland and Labrador
Jim Kirke, CA | CFO
• 15+ years involvement in the mining industry
• Former CFO of BacTech Mining and Golden Odyssey Mining 5
6. TSX:MOZ
WHY MARATHON?
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OUR FOCUS IN 2013
Valentine Lake Project (100% Owned)
• 10,000 m Drilling Campaign announced in January 2013 completed at the end of
March 2013
• Steady news flow for the first half of 2013 from our winter drilling program
• Update open pit and under ground resource estimates for the Leprechaun Deposit in
2013
• Economic Study on the Valentine Lake Project
WHAT SETS US PART FROM OUR PEERS
• USA and Canada only projects in mining friendly jurisdictions
• Resource growth with good gold grades (M&I 803,300 ounces at 2.11 g/t and Inferred
236,800 ounces at 2.09 g/t) 77% of the ounces are Measured and Indicated
• Good Infrastructure – All of our properties are road accessible and in existing mining
districts
• Ability to finance in these difficult times – raised $5.5 Million at the end of 2012
• NO First Nations Issues on any of our projects
7. TSX:MOZ
0
200
400
600
800
1000
2011
2012
Feb-13
Ounces
Inferred (Valentine Lake and
Golden Chest 50% MOZ)
M&I (Valentine Lake and
Golden Chest 50% MOZ)
- 82% of the M&I is from the
Valentine Lake Project
- Average Grade at Valentine
Lake Project and Golden
Chest Project is 2.11gt / AU
- 10,000m Drilling Program
underway at Valentine Lake
ATTRIBUTABLE GROWTH AT
VALENTINE LAKE AND GOLDEN CHEST
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8. TSX:MOZ
MAP OF OUR PROJECTS
ADVANCED STAGE PROJECTS
• Leprechaun Deposit
100% Owned
Valentine Lake
Newfoundland
• 50/50 JV with New Jersey
Mining Corp
Golden Chest
Idaho
EARLY STAGE PROJECTS
• Deposit 100% Owned by
MOZ
Bonanza Mine
NE Oregon
• Both properties are
100% owned by MOZ
Baie Verte and
Finger Pond
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9. TSX:MOZ
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• From the early 1960’s to early 1980’s the
area was explored for base metal potential
via soil sampling mapping and
airborne/ground geophysics.
• In 1983 Abitibi Price Inc. first look at gold
potential by soil sampling finding local
anomalies
• From 1985 to 1989 BP conducting further
soil sampling, prospecting and trenching
discovered gold-bearing qtz-trml-py veins in
trondhjemite, delineated two main
mineralized areas: Leprechaun Gold
Deposit (LGD) and Valentine East Deposit.
Drilled 47 DDH totaling 5,974m at LGD.
• From 1998 to 2009 intermittent drilling of 89
DDH totaling 17,510m throughout the
property from LGD to Valentine East
• Between January, 2010 to March, 2013 -
Marathon Gold Corp. drilled 431 DDH
totaling 76,127m of which 316 DDH
totaling 61,253m has focused on the
Leprechaun Gold Deposit
VALENTINE LAKE PROPERTY HISTORY
10. TSX:MOZ
• The Valentine Lake Project is Marathon’s flagship gold project. It
is located in west central Newfoundland approximately 57 km
south of the mining town of Buchans. The project is accessible by
gravel and paved roads to the Trans Canada Highway.
• The property, which is now over 26,000 hectares, has undergone
periodic exploration by various groups. Several important gold
occurrences were located including the Leprechaun Gold
Deposit, J. Frank Zone, Sprite and Valentine East prospects
• It is on a major regional structure noted for gold occurrences
VALENTINE LAKE PROJECT, NEWFOUNDLAND
LEPRECHAUN GOLD DEPOSIT
Summary of
Resources
Measured and Indicated Resources Inferred Resources
Valentine Lake
Leprechaun Gold
Deposit
Tonnes Au Grade g/t Gold (oz) Tonnes Au Grade g/t Gold (oz)
Open Pit 8,160,000 2.14 561,000 897,000 1.93 56,000
Underground 1,371,000 2.80 121,000 1,062,000 2.60 89,000
Total 9,531,000 2.22 682,000 1,959,000 2.29 145,000
Valentine Lake Camp
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15. TSX:MOZ
VALENTINE LAKE PROJECT, NEWFOUNDLAND
LEPRECHAUN GOLD DEPOSIT
UPDATED NI 43-101 RESOURCE ESTIMATE
• Excellent metallurgical recoveries
with ~50% by gravity, total >90%
• Environmental assessment study is in
it’s 3rd year and proceeding to
advanced studies
• 2012 Updated NI 43-101 compliant
resource estimate; M&I increase of
61% open pit and underground
• 2013 drilling program focused on
developing and upgrading resources
underground, expanding the open pit
at the Leprechaun and Valentine East
deposits
• An updated open pit and
underground NI 43-101 resource
estimate in 2013 as a result of the
2013 winter drilling campaign
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17. TSX:MOZ
J. FRANK ZONE: NEW HIGH-GRADE GOLD EXTENSION -
MORE THAN 1100 METERS IN STRIKE LENGTH
Discovered
summer 2012
___________
Multiple high-
grade Au-QTP
& Au-QTP-S
veins over a
1.1 km strike
length & up to
275 meters
into hanging
wall
___________
The Sprite –
LGD - FZ now
more than 4
km in length
___________
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18. TSX:MOZ
• Located 50 km on-strike and to the southwest from the Valentine Lake Gold Project
• Historical exploration work outlines a number of gold and base metal showings along the
20 km strike length
OTHER NEWFOUNDLAND PROJECT: FINGER POND
50 KM SOUTHWEST OF VALENTINE LAKE
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19. TSX:MOZ
IDAHO - GOLDEN CHEST MINE
COEUR D’ALENE MINING DISTRICT
• The Golden Chest Mine is a 50/50 Joint
Venture with New Jersey Mining Company
(NJMC)
• Gold mine closed in ≈ 1910
• Most of the exploration done by J.V.
underground access
• Core property is on large patented land
package (300 acres)
• Good potential to expand resources
• Permitted for underground mining
Summary of
Resources
Measured and Indicated Resources Inferred Resources
Golden Chest Mine Tonnes Au Grade g/t Gold (oz) Tonnes Au Grade g/t Gold (oz)
Open Pit 2013 4,371,000 1.59 223,000 2,369,000 1.33 101,000
Underground 2013 196,600 3.11 19,600 738,300 3.48 82,500
Total 4,567,600 2.35 242,600 3,107,300 2.41 183,500
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21. TSX:MOZ
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• 100% Owned by Marathon Gold
• Historical Producer in a Historic Mining District
o 128,500 tons grading 1.2 oz/ton and 99,900 oz Au was produced with an average recovery of 65%
o Historic mining cut off grade of 0.60 oz / ton (17 grams)
• The veins vary from a foot to 6 ft. wide and locally can be up to 30 ft. wide, dipping steeply to the southwest
• Large patented land package (300 acres)
• Low cost to maintain the project
BONANZA MINE, OREGON (100% OWNED)
HISTORICAL HIGH-GRADE PRODUCER
22. TSX:MOZ
CREATING SHAREHOLDER VALUE
OUR FOCUS IN 2013
Valentine Lake Project (100% Owned)
• 2013 exploration program in place with focus on:
• Expanding the current Leprechaun Gold Deposit
• Defining new open pit deposits along strike of the current resource to the SW
(J. Frank Zone) and to the NE (Sprite NE, Valentine East – NE)
STRENGTHS
• USA and Canada only projects in mining friendly jurisdictions
• Ability to finance during very challenging market conditions
• Raised $5.5 Million at the end of 2012
GOALS IN 2013
• Update the NI 43-101 on Valentine Lake Project with the new data collected from the 10,000 m
Winter Drilling Campaign
• Economic Study on the Valentine Lake Project in Newfoundland
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