Platinum Exploration (PGM)

[Ed Monton]

Marathon PGM Corporation Announces Final Drilling Results in the Malachite Zone Including 16 m Grading 9.48 g/t PGM +Gold and 0.36 % Copper

TORONTO, ONTARIO--(CCNMatthews - Jan. 9, 2006) - Marathon PGM Corporation (TSX VENTURE:MAR) ("the Company") is pleased to announce assay results of the final 11 drill holes from the Company's 2005 exploration program.

Three of the eleven holes were drilled in the southern end of the Malachite zone. Holes M-05-124, 125 and 126 were drilled at shallow angles over three steeply dipping holes drilled in 2004. All the mineralization intersected in these holes is within 50 m of surface. The best grade intersection is in M-05-126 which has 64 m grading 2.04 g/t pgm and gold as well as 0.30 % copper. The 2005 drilling program has defined a lens approximately 120 m long and averaging 45 m thick dipping steeply to the west. The grades of pgm and copper as well as the thicknesses indicate that the lens plunges to the southwest. It is evident from these results that additional drilling will be required in the southern part of the Malachite Zone in 2006.

The other eight holes were drilled in the north end of the Malachite Zone. The best intercept was in M-05-128 with 16 m grading 9.48 g/t pgm and gold and 0.36 % copper. A similar grade intercept in drill hole M-05-130 of 8 m grading 9.06 g/t pgm and gold and 0.17 % copper is part of the same high grade zone that was intersected earlier in the program by M-05-58 with 10 m grading 8.83 g/t pgm and gold and 0.12% copper. This zone is still open as are the lower grade pgm and copper zones usually found 10 to 30 m beneath the high grade zone. The mineralization in the north end of the Malachite Zone also seems to plunge to the southwest. Further drilling is required in 2006 to further define the mineralization. Malachite Zone is still open to the north and will be a drilling target in 2006.