TORONTO, Oct. 14 /CNW/ - Marathon PGM Corporation (TSX-MAR, "Marathon" or

"the Company") encountered considerable widths of PGM-Cu mineralization during

recent trenching north of the Marathon PGM-Cu Project, located 8 km north of

the town of Marathon, Ontario.

Phillip Walford, President and CEO of Marathon commented, "Trenching has

successfully outlined 4 zones of mineralization that could potentially expand

the resource by over 1,100 m north across the Bamoos property and Marathon

claims. Further exploration will test the continuity of mineralization between

these zones and the potential for additional reserves."

Bamoos Trenching Results

Trenching on the Bamoos property and the adjoining land held by Marathon

PGM returned promising assay values with grades and widths that reflect the

type of mineralization that was routinely found during the development of the

Marathon deposit. The trenches are to the north of the Marathon deposit (view

map at http://www.marathonpgm.com/newsmaps/2009-25.jpg).

<<

Selected composite trenching intervals include:

- 81.6 m of 0.27 % Cu and 0.71 g/t PGM+Au;

- 43.1 m of 0.10 % Cu and 1.43 g/t PGM+Au;

- 29.9 m of 0.44 % Cu and 1.44 g/t PGM+Au;

- 25.8 m of 0.20 % Cu and 1.17 g/t PGM+Au;

- 14.7 m of 0.13 % Cu and 2.44 g/t PGM+Au;

- 13.9 m of 0.46 % Cu and 1.67 g/t PGM+Au;

- 12.4 m of 0.16 % Cu and 2.72 g/t PGM+Au;

>>

Trenching: Cost Effective and Revealing

Prospecting and trenching continue to play a key role in resource

development at the Marathon Project. Trenching is important because it reveals

the surficial extent of mineralization found by prospecting, permits

geological interpretation and is a very cost effective method of identifying

and screening mineralized areas prior to drilling.

<<

Bamoos Property: Mineralization and Generalized Geology and

Mineralization

>>

PGM-Cu mineralization is hosted within the Two Duck Lake intrusion, which

strikes north to northwest across the entire length of the Bamoos property.

Mineralized zones encountered in trenching range in thickness from 4 to 81m

and occur over a strike length of 1,100 m. Mineralization on the Bamoos

property and adjoining Marathon property is very similar to that of Marathon

deposit, located 1.1 km on-strike to the south. The Bamoos property was

purchased by Marathon PGM Corporation and has a 4% NSR with a 1% buyout option

of $1 million. The Marathon property has no royalties. The Marathon deposit

measured and indicated resource is 2.58 million ounces of Pd, 769,000 ounces

of Pt, 280,000 ounces of Au, 625 million lbs of Cu and 5.5 million ounces of

Ag (please see Marathon press release of August 20, 2009).

Trenching and channel sampling completed by Marathon in 2008 and 2009

confirms that the PGM-Cu mineralization is hosted within gabbros associated

with the Marathon deposit. Geology on the Bamoos Property is complex, as the

various rock units are discontinuous and have irregular contacts and so

exploration will focus on detailed mapping and 3 dimensional modeling as well

as drilling.

Drilling by previous operators (Anaconda and Benton) partially defined

mineralization on the Bamoos property. A total of 55 holes and 10,923 m metres

were drilled and mineralization at depth is consistent with that identified in

Marathon's trenching, for instance, historical drill hole Anaconda 118

returned 12.0 m of 0.35 % Cu and 3.7 g/t PGM+Au. The majority of drilling was

conducted on the northern extension of the Marathon Main zone. Very little

drilling has been done in the vicinity of trenching, which bodes well for

additional resource development.

Planned Work: 2010

The potential of adding to the current Marathon resource by developing

the Bamoos property is extremely high. Marathon is presently compiling recent

trench results, work by previous operators and geological mapping in order to

build a better understanding of the Bamoos geology and mineralization. Based

on results of data compilation, Marathon will pick the best drill targets and

expect to test in 2010. The goal is to develop additional resources and

reserves.

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 PGM Corporation is presently optimizing an earlier definitive

feasibility study on the Marathon PGM-Cu deposit, which is expected to be

completed in Q4. Marathon is also exploring resource development potential in

the immediate vicinity of the Marathon deposit to expand mine life of the

planned large tonnage, open pit mining operation. The Marathon deposit is one

of the largest PGM-Cu reserves in Canada and is expected to grow with

development of additional nearby resources. Marathon's updated in-pit M&I

resource contains 2.58 million ounces of Pd, 769,000 ounces of Pt, 280,000

ounces of Au, 625 million lbs of Cu and 5.5 million ounces of Ag. 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 .

-30-

/For further information: David Leng, P.Geo., Tel: (905) 537-5377, Fax:

(416) 861-1925,