Platinum Exploration (PGM)

[kraftdinner]

MARATHON PGM ANNOUNCES RESULTS OF 20 DRILL HOLES

Marathon PGM Corp. has provided assay results of an additional 20 drill holes and one channel cut in the 2005 exploration program on its 100-per-cent-owned Marathon PGM-Cu property.

The majority of the drill holes are in the south resource where definition and step-out drilling have expanded the known mineralization. The drill holes that intersected volcanic rocks with no mineralization were testing the eastern limit of the mineralization under a clay cover. There are two zones as typified by M-05-75 with an upper higher grade zone of four metres grading 3.67 grams per tonne PGM and 0.40 per cent copper and a lower zone of 20 metres grading 1.32 g/t PGM and 0.40 per cent copper. The mineralization now extends for 300 metres and is open to the north and down dip to the west.

The drilling in the RD zone intersected two flat-lying zones near and on surface as expected. Additional drilling is needed to define this mineralization that is known to extend farther south.

Channel cut S-3 with 9.4 metres grading 1.88 g/t PGM and 0.03 per cent copper appears to be the surface expression of the high-PGM-grade, low-copper-grade zone was intersected in M-05-51. The intersection of eight metres graded 4.63 g/t PGM and 0.06 per cent copper. Additional drilling will take place in November.

 
 Hole    From    To    Pd    Pt    Au  
           (m)   (m) (g/t) (g/t) (g/t) 
                         
 RD zone 
  
 M-05-64        No significant values 
  
 M-05-65 16.0  26.0  1.08  0.02  0.16 
  
 M-05-66 28.0  34.0  1.08  0.37  0.09 
         40.0  46.0  0.96  0.42  0.15 
  
 M-05-67 42.0  48.0  0.38  0.08  0.04 
  
 M-05-68  3.3   6.0  1.28  0.42  0.15 
  
 M-05-69        No significant values 
  
 M-05-70 16.0  22.0  0.76  0.29  0.06 
         28.0  34.0  0.41  0.12  0.06 
  
 South  
 resource 
  
 M-05-71  2.1   4.0  2.45  1.14  0.25 
         20.0  28.0  1.02  0.27  0.08 
         74.0  86.0  0.59  0.20  0.09 
  
 M-05-72 16.0  24.0  1.77  0.44  0.14 
  
 M-05-73, 
 74,78                  Volcanic rock 
  
 M-05-75 24.0  28.0  2.75  0.66  0.26 
        104.0 124.0  0.94  0.22  0.16 
  
 M-05-76        No significant values 
  
 M-05-77 40.0  44.0  0.82  0.32  0.11 
        106.0 140.0  0.48  0.15  0.06 
  
 M-05-79 88.0 100.0  0.33  0.09  0.05 
  
 M-05-80 46.0  56.0  0.66  0.23  0.14 
  
 M-05-81 32.0  36.0  0.76  0.15  0.15 
         48.0  62.0  0.70  0.23  0.10 
  
 M-05-82 60.0  64.0  1.11  0.33  0.24 
  
 M-05-83        No significant values 
  
 M-05-84 94.0 120.0  0.75  0.19  0.10 
        120.0 132.0  0.40  0.13  0.16 
  
 S-3    North 
 trench   end   9.4  1.10  0.61  0.17 
  
  
  
 Hole           Total        Cu 
                  PGM        (%) 
                 (g/t) 
 RD zone 
  
 M-05-64  No significant values 
  
 M-05-65         1.26      0.34 
  
 M-05-66         1.54      0.18 
                 1.53      0.22 
  
 M-05-67         0.50      0.16 
  
 M-05-68         1.85      0.40 
  
 M-05-69  No significant values 
  
 M-05-70         1.07      0.26 
                 0.59      0.17 
  
 South  
 resource 
  
 M-05-71         3.84      0.20 
                 1.37      0.19 
                 0.88      0.23 
  
 M-05-72         2.35      0.45 
  
 M-05-73, 
 74,78            Volcanic rock 
  
 M-05-75         3.67      0.40 
                 1.32      0.40 
  
 M-05-76  No significant values 
  
 M-05-77         1.23      0.23 
                 0.69      0.34 
  
 M-05-79         0.47      0.26 
  
 M-05-80         1.03      0.11 
  
 M-05-81         1.06      0.16 
                 1.03      0.24 
  
 M-05-82         1.68       0.6 
  
 M-05-83  No significant values 
  
 M-05-84         1.04      0.31 
                 0.69      0.22 
  
 S-3     
 trench          1.88      0.03 
  
 

Drilling is continuing in the Main zone to increase the resource and better define the mineralization. There are currently 20 additional drill holes with assays pending.

All exploration work is being performed under the guidance and supervision of Phillip C. Walford, president of the company, a professional geologist and qualified person as defined by National Instrument 43-101. All of the samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ont., to be assayed.