Marathon Announces Further Investment by Rambler Metals & Mining

TORONTO, April 2, 2014 /CNW/ - Marathon Gold Corporation ("Marathon" or the 
"Company") (TSX: MOZ) announced today the closing of the second tranche of a 
non-brokered private placement of common shares to Rambler Metals & Mining plc 
(TSX.V: RAB, AIM: RMM) ("Rambler") under the terms of a subscription agreement 
dated December 3, 2013 and previously announced on December 4, 2013. 
The placement of Marathon's common shares by way of a non-brokered private 
placement generated proceeds of $250,000 and cumulative proceeds of $500,000, 
with Rambler holding an option to invest an additional $1.5 million going 
forward. 
The terms of this financing are set out below: 


    --  Rambler subscribed to purchase 797,448 common shares at a price
        of $0.3135 per share, for total proceeds of $250,000. The share
        price for this subscription, which closed on April 1, 2014,
        subject to TSX approval, represents a 10% premium to the 60-day
        volume-weighted average price ("VWAP") of Marathon's shares on
        the trading day prior to Rambler providing notice to subscribe.
    --  Marathon has granted Rambler rights to purchase additional
        shares in four quarterly tranches of up to $375,000 per tranche
        commencing May 1, 2014 (the "Rights"), representing potential
        additional proceeds of $1,500,000. The pricing applicable to
        all investments pursuant to the Rights will be a 10% discount
        to the greater of the 60- and 5-day VWAP's ending on the day
        prior to Rambler giving notice of its intention to subscribe
        these shares. If Rambler does not exercise its purchase rights
        in any quarter, they may elect to carry such rights forward for
        an additional three months subject to Marathon's consent under
        the same pricing conditions as the quarterly terms.
    --  There are no finder's fees or other costs associated with this
        financing.

Phillip Walford, President and CEO of Marathon Gold, commented,

Norman Williams, President and CEO of Rambler Metals and Mining, commented,

About Rambler Metals & Mining

Rambler is a mining and development company that brought its first mine into 
commercial production in November 2012.  The group has a 100 per cent 
ownership in the Ming Copper-Gold Mine, a fully operational base and precious 
metals processing facility and year round bulk storage and shipping facility; 
all located on the Baie Verte peninsula, Newfoundland and Labrador, Canada.

The Company's vision is to be Atlantic Canada's leading mine operator and 
resource developer through growth and expansion of its existing assets; 
discovering new deposits; strategic partnerships; mergers and acquisitions.  
In addition to the Ming Mine, Rambler has strategic investments in the former 
producing Hammerdown gold mine, Little Deer/ Whales Back copper mines and the 
advanced Valentine Lake Gold Project.

Rambler is dual listed in London under AIM: RMM and in Canada under TSX-V: RAB.

For more information on Rambler Metals & Mining visit www.ramblermines.com.

About Marathon Gold Corporation

Marathon is a Toronto based gold resource Development Company focused on the 
Valentine Lake property in central Newfoundland. Marathon's mission is to 
rapidly move the Valentine Lake project towards advanced exploration and 
pre-development stages. For more information visit: www.marathon-gold.com.

About the Valentine Lake Project

The Valentine Lake property, owned 100% by Marathon Gold Corporation, hosts 
two well defined gold deposits with NI 43-101 compliant resources: the 
Leprechaun Gold Deposit and the Victory Gold Deposit. The Leprechaun Gold 
Deposit is located near the south-western end of the Valentine Lake property, 
and the Victory Gold Deposit is located 13 kilometers along strike to the 
north-east.  These gold deposits form part of a 23 km long, highly prospective 
gold-bearing mineralized corridor focused along the Valentine Lake Thrust 
Fault.

The Leprechaun Gold Deposit has a NI 43-101 compliant Open Pit and Underground 
Resource (refer to August 1, 2013 news release). The Open Pit Resource is 
Measured 3.5 million tonnes containing 247,000 oz Au, and Indicated 6.2 
million tonnes containing 412,000 oz Au, and Inferred 1.2 million tonnes at 
1.82 g/t Au containing 71,000 oz Au. The Underground Resource is Measured 
108,000 tonnes containing 17,000 oz Au, and Indicated 764,000 tonnes 
containing 100,000 oz Au, and Inferred 349,000 tonnes containing 69,000 oz Au. 
As a result of favorable drilling results in 2013 and 2014, the Sprite Area, 
which is adjacent to the Leprechaun Gold Deposit, will be a focus of continued 
exploration this year.

The Victory Gold Deposit (formerly Valentine East Hill) has an Open Pit 
Resource (refer to August 1, 2013 news release). The Open Pit Resource is 
Indicated 761,000 tonnes containing 41,000 oz Au, and Inferred 199,000 tonnes 
containing 9,000 oz Au. Both deposits are open to expansion.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to Marathon Gold 
Corporation, 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.



SOURCE  Marathon Gold Corporation 
Christopher Haldane, Investor Relations Manager, Tel: 1-416-987-0714, E-mail: 
chaldane@marathon-gold.com 
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CO: Marathon Gold Corporation
ST: Ontario
NI: MNG LOAN MNA  
-0- Apr/02/2014 11:00 GMT
 
 
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