TORONTO, Sept. 29 /CNW/ - Marathon PGM Corporation ("Marathon" or "the

Company", MAR-TSX) today announced the final set of results from the 2009

drilling campaign at the Marathon PGM-Cu Project.

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Highlights:

- high grade lens is enlarged with 12 m intersection grading 4.31 g/t

PGM+Au and 0.19 % Cu in hole M-09-485

- infill drilling in Malachite zone to improve resource classification

- newly defined mineralized zone within the pit shell

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Marathon's CEO, Phillip Walford noted, "Our exploration team completed a

successful and cost effective program that has found new ore in the Main Zone,

additional near surface high grade mineralization outside the pit and

increased the measured and indicated category."

Drilling Focus

The final holes of the 2009 campaign confirmed continuity of

mineralization and will upgrade resource classifications.

Hole M-09-485 is on section 4000 and has expanded a high grade lens

within the W horizon. It is located 30 m away from previously announced holes

M-09-484 and M-09-434 which graded 5.96 g/t PGM+Au and 0.21 % Cu over 4 m and

3.95 g/t PGM and Au over 30 m (from 50-80m), including 8.09g/t PGM and Au and

0.09% Cu over 10 m (from 64-74 m), respectively.

These three holes define one of the highest grade zones that has recently

been drilled. This developing high grade zone was not included in the reserves

or the current mine plan due to drill hole density.

Hole M-09-486 is an infill hole collared on the eastern margin of the

Malachite zone. The multiple intersections will improve the classification of

resource blocks in this vicinity. M-09-487 and -489 are infill holes between

two pits of the Malachite zone. Identifying mineralized zones between the pits

may join the lobes of the pit.

Marathon has designed the 2009 drilling campaign to improve drill density

and resource classifications. Increasing the proportion of measured and

indicated resources directly translates into proven and probable reserves.

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Marathon Drilling Results

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Hole From To True Pd Pt Au Total PGM Cu

(m) (m) Thickness (g/t) (g/t) (g/t) and Au (%)

(m) (g/t)

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M-09-485 67 91 24 2.06 0.51 0.18 2.75 0.17

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including 69 81 12 3.27 0.76 0.28 4.31 0.19

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and 87 91 4 2.27 0.63 0.23 3.14 0.26

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M-09-486 1 5 4 0.99 0.31 0.17 1.48 0.16

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M-09-486 33 61 28 0.36 0.17 0.06 0.59 0.16

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including 53 61 8 0.39 0.19 0.07 0.66 0.23

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M-09-487 55 65 10 0.68 0.32 0.08 1.08 0.03

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M-09-487 111 119 8 0.79 0.22 0.06 1.07 0.23

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M-09-488 36 74 38 0.30 0.11 0.06 0.48 0.07

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including 48 56 8 0.52 0.18 0.08 0.79 0.29

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M-09-490 12 52 40 0.50 0.16 0.09 0.75 0.21

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including 16 32 16 0.83 0.28 0.10 1.20 0.22

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(1) M-09-489 intersected no significant values

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Please click on http://www.marathonpgm.com/newsmaps/2009-23.jpg to view a

drill map.

Reserve Statement and Mine Plan

Marathon delivered an updated resource statement (see Marathon Press

Release dated August 20, 2009) as part of the on-going optimization of the

definitive feasibility study ("DFS") expected in Q4. The optimized DFS will

include new mineable reserves, an updated mine plan and capital expenditure

figures.

All of the samples were sent to Accurassay, an accredited laboratory in

Thunder Bay, Ontario, to be assayed using fire assay and other standard

techniques.

David Good, P.Geo., VP of Exploration is Marathon's Qualified Person in

compliance with National Instrument 43-101 with respect to this release. Dr.

Good has reviewed the contents for accuracy and has approved this press

release on behalf of Marathon.

About Marathon PGM Corporation:

Marathon is currently optimizing an earlier definitive feasibility study

on the Marathon PGM-Cu deposit, which is expected to be completed in the

fourth quarter of 2009. Marathon also has development and exploration stage

properties in southeastern Manitoba and western Newfoundland, respectively.

Marathon's management plans to build on its experience through the advancement

of its properties and by examining other strategic opportunities.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to Marathon, 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 Management's Discussion and Analysis for the year ended

December 31, 2008.

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 or

results otherwise.

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/For further information: David Leng, P.Geo., Tel: (416) 849-3432, Fax:

(416) 861-1925,