1. Rapidly Developing North American Gold Resources at Low Cost and Low Risk
October 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. Company Highlights TSX:MOZ
 Advancing two high grade gold projects located in mining-friendly jurisdictions
― Flagship Valentine Lake Project in central Newfoundland (100% owner and
Two robust gold
operator)
projects ― Fully permitted Golden Chest Mine (50/50 JV with New Jersey Mining
Company) in Idaho’s prolific Coeur d’Alene Mining District
Proven  Over 80 years of management experience in mining exploration, development
and production
Management  Same management and technical team behind Marathon PGM (sold to
Team Stillwater for $123 million in Dec. 2010)
 Recently announced open pit and underground resource estimate and a 61%
Continuing to increase in contained gold at the Valentine Lake Project
grow resource ― Measured and Indicated: 9.54 million tonnes @ 2.22 g/t Au containing 682,000
base oz Inferred: 1.96 million tonnes @ 2.30 g/t Au containing 145,000 oz
 Updated resource estimate at Golden Chest Mine expected in Q4-2012
 Mineralization covering only a fraction of Valentine’s total 30 km strike has
Significant been delineated
exploration ― One drill rig is currently turning on the newly discovered J. Frank Zone
upside southwest extension
― Leprechaun deposit remains open at depth and along strike
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4. Capital Structure TSX:MOZ
Capitalization Share Price
Share Price (10-18-12) $0.75
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$38 million
Analysts
• Fraser Mackenzie
• Octagon Capital Corp.
• Haywood Securities; Tear Sheet
• Canaccord; Tear Sheet
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5. 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 • 30+ years in the financial management and resources
Gold, Geomaque Exploration, LAC Minerals, Pamour
Porcupine Mines, and Hudson Bay Exploration and industries
Development • Former CFO of North American Palladium
• Vice Chairman of Aberdeen International
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 • Current Director of AuRico Gold and Roxgold
and Labrador
Page Chilcott | Director
Jim 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
• President and CEO of Daycon Minerals
• Former Senior VP, General Counsel and Corporate Secretary for
Iberian Minerals and Cadillac Ventures
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6. Deliverables and Objectives TSX:MOZ
Accomplishments – Last 12 Months
Acquired the Bonanza Mine, an historic high-grade producing mine in Oregon;
Q4-2011
100% owned
Reported initial NI 43-101 compliant resource estimate at the Golden Chest Mine
Q1-2012 Updated NI 43-101 compliant resource estimate at the Valentine Lake Project,
increasing contained M&I gold by 53%
Acquired Mountain Lake Resources to become 100% owner and operator of the
Q2-2012
Valentine Lake Gold Project
Q3-2012 Completed 7,000 m drill program at Golden Chest Mine
Updated the NI 43-101 compliant resource at the Valentine Lake Project,
Q4-2012 incorporating 19,800 m of additional drilling and increasing contained M&I gold
by an additional 61%
Update NI 43-101 resource estimate at Golden Chest Mine
Upcoming
Continue to drill the newly discovered J. Frank Zone southwest extension
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7. Focused on Rapidly Developing North
American Gold Resources TSX:MOZ
Marathon Gold takes a 3-Pronged approach to de-risking your investment
Marathon Gold
Focused on developing
Projects have solid
gold resources in Projects have +1
infrastructure and are
Canada and USA only- million oz Au at good
located in mining-
current resources are grades
friendly jurisdictions
expanding!
Current Resources (at 100%)
Valentine Lake Project:
Open Pit Resource – M&I: 561,000 oz @ 2.14 g/t Au Inferred: 56,000 oz @ 1.93 g/t Au
Underground Resource – M&I: 121,000 oz @ 2.75 g/t Au Inferred: 89,000 oz @ 2.60 g/t Au
Golden Chest Mine:
Initial Resource - M&I 121,100 oz Au @ 1.35 g/t Au, Inferred 179,000 oz Au @ 1.45 g/t Au
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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 - A new Open Pit and
Valentine Lake Project Underground Resource - 1 drill rig turning
towards the million ounce Estimate released October
mark 22, 2012 - Prospecting, trenching and
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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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. Summary of Global Resources TSX:MOZ
M and I Resources Inferred Resources
Tonnes Au Grade Gold Au Grade
Deposit Tonnes Gold (oz)
g/t (oz) g/t
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
M and I Resources Inferred Resources
Au Grade Gold Au Grade
Deposit Tonnes Tonnes Gold (oz)
g/t (oz) g/t
Golden Chest Mine1 2,788,000 1.35 121,100 3,847,500 1.45 179,000
Global Resource 10,925,000 1.86 742,500 3,882,750 1.56 234,500
1 The Golden Chest Mine is a 50/50 joint venture with New Jersey Mining Company
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11. Valentine Lake Project, Newfoundland
(100%)Leprechaun Gold Deposit: Updated NI 43-101
TSX:MOZ
Resource Estimate
Open Pit Underground
@ 0.50 g Au/t cut-off @ 1.5 g Au/t cut-off
Total  Total 58,500 m drilling (2010-2012), of
Tonnes Grade Au Tonnes Gold Gold Tonnes Grade Au
which 19,800 m (2012) was added to
Category
(kt) (g/t) (kOz) (kt) (g/t) (kOz) (kt) (g/t) (kOz) the resource
Measured 2,892,000 2.25 209,000 141,000 3.34 15,000 3,033,000 2.30 224,000
 Updated global NI 43-101 compliant
Indicated 5,274,000 2.07 352,000 1,219,000 2.69 106,000 6,645,000 2.20 458,000 resource estimate; M&I increase of 61%
Total M&I 8,166,000 2.14 561,000 1,371,000 2.75 121,000 9,385,000 2.22 682,000  New open pit and underground NI 43-
101 resource estimate
Inferred 897 1.93 56 1,062 2.60 89 1,959 2.29 145
 2012/2013 drilling program will be
focused on developing and upgrading
resources underground, expanding the
open pit resource along strike and
defining new deposits along strike of
the current resource to the northeast
and the southwest
 Coarse and free gold have excellent
metallurgical recoveries with ~50% by
gravity, total >90%
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12. Newfoundland, Valentine Lake Project
10+ Mile Long GOLD Corridor 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 Gold Deposit TSX:MOZ
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15. Newfoundland, Valentine Lake Project 100%
Owned : Leprechaun Gold Deposit TSX:MOZ
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16. Newfoundland, Valentine Lake Project
100% Owned : Leprechaun Gold DepositTSX:MOZ
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17. 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 rig is currently
turning in the new
extension in the
southwest area
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18. J. Frank Zone: One drill rig 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 (m) 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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19. Valentine Lake Project: 3.5 km Strike
Length with Coarse and Free Gold TSX:MOZ
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20. Newfoundland: Finger Pond TSX:MOZ
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21. Idaho - Golden Chest Mine
Prolific Coeur d’Alene Mining District TSX:MOZ
Idaho Hill
View West
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22. Idaho, Golden Chest Mine: NI 43-101
Resource Estimate, Near Surface Open-Pit TSX:MOZ
Golden Chest
Mine Open Pit
Resource
Estimate Tonnes g/t Au Au oz
Katie - Total Cut-off
Dora 0.40g/t
M+I 2,788,000 1.35 121,100
Inferred 3,847,500 1.45 179,000
“H” Vein
 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 22

23. 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 – 11,456 m
2012 Drilling – 50 DDH’s - total 6,578
m to date
― Recent highlights: 9.7 g/t Au over 7.7 m,
including 30.3 g/t Au over 2.4 m; 4.4 g/t
Au over 20.6 m, including 10.8 g/t Au
over 7.0 m 23

24. Oregon TSX:MOZ
BONANZA MINE
Circa 1904
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25. 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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26. Bonanza Mine: Property Boundary TSX:MOZ
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27. Bonanza Mine: Property Boundary TSX:MOZ
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28. Reasons to Invest TSX:MOZ
RESOURCE SIGNIFICANT
LOCATION MANAGEMENT DEVELOPMENT EXPLORATION
POTENTIAL
Over 80 years of Valentine Lake Project:
Mining-friendly proven management New NI 43-101 compliant Classic lode gold
jurisdictions experience in mining Open Pit and Underground deposit at Valentine
exploration, Resource Estimate with Lake has significant
development and M&I increase of 61% exploration potential
Established production
Updated resource estimate
infrastructure; road at Golden Chest upcoming
access, water, fully Mineralization covering
equipped on-site camp only a fraction of
Valentine’s total 30 km
strike has been
Socio-economic and delineated
political stability; no
native issues
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29. 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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