1. Rapidly Developing North American Gold Resources at Low Cost and Low Risk
Summer 2012
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2. Forward Looking Information 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.
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3. Proven Management TSX:MOZ
Management Board of Directors
Phillip 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, • 30+ years in the financial management and resources
Geomaque Exploration, LAC Minerals, Pamour Porcupine
Mines, and Hudson Bay Exploration and Development industries
• Former CFO of North American Palladium
Sherry Dunsworth, P.Geo. | VP of Exploration
• 25+ years in the mining industry Joe Spiteri, P.Geo. | Director
• Has held positions with Anaconda Gold and Marathon PGM • 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 Resources
Professional Engineers and Geoscientists of Newfoundland
and Labrador Page Chilcott | Director
• Former President of the Vancouver Stock Exchange
Jim Kirke, CA | CFO
• 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
• President and CEO of Daycon Minerals
• Former Senior VP, General Counsel and Corporate Secretary for
Iberian Minerals and Cadillac Ventures
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4. Capital Structure TSX:MOZ
Capitalization Share Price
Share Price (07-11-12) $0.89
Shares Outstanding 50,181,514
Warrants 3,850,650
Options (at $1.61) 1,740,000
Fully diluted 56,667,164
Market Cap ~C$45 million
Analysts
• Fraser Mackenzie
• Octagon Capital Corp.
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5. Focused on North American Gold Resources
TSX:MOZ
Marathon Gold takes a 3-Prong approach to de-risking your investment
Marathon Gold
Focused on developing
Projects have solid Projects have
gold Resources in
infrastructure and are >1,000,000 oz Au
Canada and USA only-
located in mining- potential of good
current Resources are
friendly jurisdictions grade potential
expanding!
Current Resources (at 100%)
Valentine Lake Project: M&I 424,000 oz Au @ 2.05 g/t Au, Inferred 305,000 oz Au @ 1.65 g/t Au
Golden Chest Mine: M&I 147,000 oz Au @ 1.47 g/t Au, Inferred 233,300 oz Au @ 1.46 g/t Au
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6. Our Projects TSX:MOZ
Legend
Advanced Stage
1. Valentine Lake
– Leprechaun Deposit
2. Golden Chest
Early Stage
1. Bonanza
2. Baie Verte
3. Finger Pond
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7. Summary of Global Resources TSX:MOZ
M and I Resources Inferred Resources
Deposit Tonnes Au Grade Gold Tonnes Au Grade Gold (oz)
g/t (oz) g/t
100%-Owned
Valentine Lake
Project1,2 6,450,000 2.05 424,000 5.740,000 1.65 305,000
Global Updated
Resource Estimate
M and I Resources Inferred Resources
Deposit Tonnes Au Grade Gold Tonnes Au Grade Gold (oz)
g/t (oz) g/t
Golden Chest Mine
Global Initial
3,107,000 1.47 147,000 4,978,000 1.46 233,300
Resource Estimate 3
TOTAL M&I and
TOTAL Inferred
Valentine Lake 9,557,000 1.86 571,000 10,718,000 1.56 538,300
Project and Golden
Chest Mine
1. Source: Technical Report on the Mineral Resource Estimate for the Leprechaun Gold deposit Valentine Lake Gold Project Central Newfoundland, Canada, dated March 29, 2012.
2. Assuming completion of the Mountain Lake Resources acquisition
3. The Golden Chest Mine is a 50/50 Joint Venture with New Jersey Mining Company, therefore Marathon Gold Reserves and Resource account for half
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8. Corporate Strategy Going Forward TSX:MOZ
“We Add Value by Adding Quality Ounces”
Marathon Gold’s
2012/2013
Strategy
UPDATING CONSERVING
GROWTH
RESOURCES CAPITAL
- Progressing the - 22,000 m of drilling to
Valentine Lake Project be added to the
and Golden Chest Mine Valentine Lake Project - 1 drill turning
towards the million Resource - Prospecting, trenching
ounce mark and geological mapping
-7,000 m of drilling to
- Longevity in a volatile be added to the Golden
market Chest Mine Resource
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9. Our Projects TSX:MOZ
Legend
Advanced Stage
1. Valentine Lake
– Leprechaun Deposit
2. Golden Chest
Early Stage
1. Bonanza
2. Baie Verte
3. Finger Pond
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10. Valentine Lake Project, Newfoundland
(100%)Leprechaun Gold Deposit: Updated NI 43-101
TSX:MOZ
Resource Estimate
GLOBAL
Tonnes Cut Au (g/t) Au oz
RESOURCE
ESTIMATE
Total Resource
Above 0.50 g/t
cut off1
Elevation
Measured 1,378,000 1.90 84,000 - 400m
Indicated 5,068,000 2.09 340,000
- 300m
M+I 6,446,000 2.05 424,000
305,000 - 200m
Inferred 5,742,000 1.65
Open to
Depth - 100m
 Updated NI 43-101 compliant Resource Estimate; M&I
Increase of 54%
 Total 58,500m drilling (2010-2012), of which
22,300 (2012) drilling not in current Resource
 Leprechaun Gold Deposit has been extended along
strike and down-dip
 Hanging-wall zones are open in all directions
3 Dimensional Model of the Leprechaun Gold Deposit,
 Coarse and free gold have excellent metallurgical Main Zone Alteration and Surface Resource Boundary
recoveries with ~50% by gravity, total >90%
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11. Selected 2012 Drill Results TSX:MOZ
• Marathon expects a steady stream of drill results from its 2012 drilling program
• The deposit remains open down-dip and along strike to the northeast and southwest
Zone Hole ID From (m) To (m) Length*(m) Gold (g/t)
LGD VL-12-393 115 130 13.5 4.31
VL-12-395 252 261 7.7 11.28
VL-12-402 277 301 21.6 4.05
VL-12-403 210 232 20.9 7.23
VL-12-407 289 304 13.5 9.19
VL-12-408 153 172 18.1 13.81
VL-12-410 277 289 11.4 8.06
VL-12-437 228 240 10.2 6.10
VL-12-440 369 396 21.6 3.81
FZ VL-12-431 92 157 61.75 0.64
* True Thickness
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12. Newfoundland, Valentine Lake Project
100% Owned: Flagship Project TSX:MOZ
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13. Newfoundland, Valentine Lake Project
100% Owned - Deposit Expansion TSX:MOZ
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14. Newfoundland, Valentine Lake Project
100% Owned : Leprechaun Deposit TSX:MOZ
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15. Newfoundland, Valentine Lake Project
100% Owned : Leprechaun Deposit TSX:MOZ
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16. Newfoundland, Valentine Lake Project
100% Owned : Frank Zone TSX:MOZ
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17. Leprechaun Gold Deposit:
Coarse and Free Gold TSX:MOZ
Visible gold in outcrop – Leprechaun Deposit
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18. Idaho - Golden Chest Mine
Prolific Coeur d’Alene Mining District TSX:MOZ
Idaho Hill
View West
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19. Idaho, Golden Chest Mine: NI 43-101
Resource Estimate, Near Surface Open-Pit TSX:MOZ
GLOBAL
Tonnes g/t Au Au oz
RESOURCE
ESTIMATE
Katie - Total Cut-off
Dora 0.40 g/t
M+I 3,107,000 1.47 147,000
Inferred 4,978,000 1.46 233,300
IN OPEN PIT
Total Cut-off Tonnes g/t Au Au oz
0.40g/t
“H” Vein M+I 2,788,000 1.35 121,100
Inferred 3,847,500 1.45 179,000
 Initial Resource Estimate based on 10,000 m of drilling in 2011
 18,034 m drilled to date (2011-2012)
 Past produced 8,500 t of ore with an average grade of 6.90 g/t and an average recovery of ~94%
 Fully permitted surface and timber rights with an existing reserve and exploration potential
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20. Idaho, Golden Chest Mine
Open-Pit & Underground Potential TSX:MOZ
Open pit potential and
significant opportunity
for reserve growth with
underground drilling
2011 Drilling – 102 DDH’s –
11,456m
2012 Drilling – 50 DDH’s -
total 6,578m to date
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21. Oregon TSX:MOZ
BONANZA MINE
Circa 1904
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22. Oregon, Bonanza Mine (100%):
Historical High-Grade Producer TSX:MOZ
 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
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23. Bonanza Mine: Property Boundary TSX:MOZ
Basalt
Volcanic
Basalt
Bonanza Vein
North Vein
Volcaniclastic
Slate
South Vein
Slate
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24. Bonanza Mine: Property Boundary TSX:MOZ
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25. Reasons to Invest TSX:MOZ
SIGNIFICANT
RESOURCE
LOCATION MANAGEMENT EXPLORATION
DEVELOPMENT
POTENTIAL
Mining-friendly Over 80 years of Valentine Lake Project: Classic lode gold
jurisdictions: proven management deposits at Valentine
Newfoundland, Idaho - NI 43-101 compliant
experience in mining Lake and Golden
and Oregon Updated Resource
exploration, Chest have significant
Estimate with M&I
development and exploration potential
increase of 53%
Established production
infrastructure; road -22,000 m of drilling to be
access, water, fully added to the Resource Mineralization covering
equipped on-site camp only a fraction of
Valentine’s total 30 km
Golden Chest Mine: strike has been
delineated
Socio-economic and -NI 43-101 compliant Initial
political stability Resource Estimate
-7,000 m of drilling to be
added to the Resource
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26. TSX:MOZ
www.marathon-gold.com
416-987-0714
Phillip Walford Jennie Guay
President and CEO Investor Relations Manager
pwalford@marathon-gold.com jguay@marathon-gold.com
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