1. Rapidly Developing North American Gold Resources at Low Cost and Low Risk
Fall Presentation 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 (09-11-12) $0.83
Shares Outstanding 50,181,514
Warrants (average price $1.93)
3,650,650
Options (at $1.61) 1,740,000
(at $0.65) 1,690,000
Fully diluted 58,157,164
Market Cap ~C$41.7 million
Analysts
• Fraser Mackenzie
• Octagon Capital Corp.
• Haywood Securities; Tear Sheet
• Canaccord ; Tear Sheet
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5. 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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6. Focused on Rapidly Developing 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 grade
current Resources are
friendly jurisdictions 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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7. 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
Valentine Lake Project - 22,000 m of drilling to be
and Golden Chest Mine added to the Valentine Lake - 1 drill turning
towards the million ounce Project Resource by the end
of the year - Prospecting, trenching and
mark geological mapping
- Longevity in a volatile -7,000 m of drilling to be
market added to the Golden Chest
Mine Resource
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8. 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
- 200m
Inferred 5,742,000 1.65 305,000
Open to
Depth - 100m
 Updated NI 43-101 compliant Resource Estimate; M&I
Increase of 54%
 Total 58,500 m drilling (2010-2012), of which
22,000 m (2012) is to be added to the Resource
by year end
 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,
Main Zone Alteration and Surface Resource Boundary
 Coarse and free gold have excellent metallurgical
recoveries with ~50% by gravity, total >90%
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9. Selected 2012 Drill Results; Resource
Update by Q4 2012 TSX:MOZ
• 22,000 m of drilling to be added to the updated Resource Estimate in Q4 2012
• 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)
Leprechaun VL-12-395 252 261 7.7 11.28
Gold Deposit
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-12-444 303 320 17 6.53
VL-12-445 165 175 10.0 5.03
VL 12-451 9 15 6 7.56
VL 12-464 333 349 16 4.64
VL 12-465 328 341 13 13.20
* True Thickness 9

10. Newfoundland, Valentine Lake Project
10+ Mile Long GOLD Corridor TSX:MOZ
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11. Newfoundland, Valentine Lake Project
100% Owned - Deposit Expansion TSX:MOZ
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12. Newfoundland, Valentine Lake Project
100% Owned : Leprechaun Gold Deposit TSX:MOZ
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13. Newfoundland, Valentine Lake Project 100%
Owned : Leprechaun Gold Deposit TSX:MOZ
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14. Newfoundland, Valentine Lake Project
100% Owned : Leprechaun Gold DepositTSX:MOZ
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15. J. Frank Zone: New High-Grade
Gold Extension 400 m strike length TSX:MOZ
 Discovered during
summer 2012
prospecting and
trenching program
 Multiple high-grade
gold-bearing quartz–
tourmaline–pyrite veins
over a 400 m strike
length and extending
up to 180 meters into
the hanging wall
 The Sprite, the
Leprechaun Gold
Deposit and the J.
Frank Zone is now more
than 3 km long
 One drill is currently
turning in the new
extension in the
southwest area
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16. J. Frank Zone: One drill turning TSX:MOZ
 Channel sampling of Trench 8175 returned
surface intervals of 4.73 g/t Au over 24.68
meters including 20.45 g/t Au over 3.11
meters and 11.22 g/t Au over 4.2 meters,
and 2.51 g/t Au over 4.45 meters
Channel Sample Intervals - Trench 8175, SW J. Frank Zone
Trench # From (m) To (m) Length Au gpt
(uncut)
8175 1.9 26.58 24.68 4.73
including 1.9 5.01 3.11 20.54
including 21.41 25.61 4.2 11.22
29.66 34 4.34 0.95
47.36 57.74 10.38 0.19
135.76 140.21 4.45 2.51
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17. Leprechaun Gold Deposit:
Coarse and Free Gold TSX:MOZ
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18. Newfoundland: Finger Pond TSX:MOZ
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19. Idaho - Golden Chest Mine
Prolific Coeur d’Alene Mining District TSX:MOZ
Idaho Hill
View West
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20. 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)
 7,000 m of drilling to be added to the updated Resource Estimate
 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 20

21. 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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22. Oregon TSX:MOZ
BONANZA MINE
Circa 1904
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23. 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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24. Bonanza Mine: Property Boundary TSX:MOZ
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25. Bonanza Mine: Property Boundary TSX:MOZ
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26. Reasons to Invest TSX:MOZ
SIGNIFICANT
RESOURCE
LOCATION MANAGEMENT EXPLORATION
DEVELOPMENT
POTENTIAL
Over 80 years of Valentine Lake Project:
Mining-friendly Classic lode gold
jurisdiction: proven management - NI 43-101 compliant
experience in mining Updated Resource deposit at Valentine
Newfoundland Lake has significant
exploration, Estimate with M&I
development and increase of 53% exploration potential
Established production -22,000 m of drilling to be
infrastructure; road added to the Resource by
access, water, fully the end of the year Mineralization
equipped on-site camp covering only a
fraction of Valentine’s
Rapidly approaching the total 30 km strike has
Socio-economic and million ounce mark been delineated
political stability; no
native issues
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27. 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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