MARATHON GOLD, DAVID ERFLE ARTICLE 2020-09-11

Marathon Gold Corp. (MOZ.TO): Marathon’s principal asset is the 100% owned Valentine Gold Project in the Central Region of Newfoundland and Labrador, Canada, one of the top mining jurisdictions in the world. An April 2020 Pre-Feasibility Study outlined an open pit mining and conventional milling operation over a twelve-year mine life with a 36% after-tax rate of return and an average gold production profile of 175,000 ounces of gold per year for the first 9 years. The Project has estimated Proven and Probable Mineral Reserves of 1.87 Moz (41.05 Mt at 1.41 g/t Au) and Total Measured and Indicated Mineral Resources (inclusive of the Mineral Reserves) of 3.09 Moz (54.9 Mt at 1.75 g/t Au). Additional Inferred Mineral Resources are 0.96 Moz (16.77 Mt at 1.78 g/t Au). The company recently appointed Ausenco Engineering Canada Inc. as the lead consultant for the Feasibility Study, with results expected in Q1 2021. The total budget for the 2020 drill program is $10.2M, with $1.3M dedicated to the infill program. Marathon is well financed into next year with C$54M in the treasury at the end of Q2 and carries no debt