TORONTO, Sept. 16 /CNW/ - Marathon PGM Corporation ("Marathon" or "the

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

drilling campaign at the Marathon PGM-Cu Project.

<<

Highlights:

- hole M-09-484 intersected 4 m grading 5.96 g/t PGM+Au and 0.21 % Cu

outside the pit shell and within an expanding high grade lens

- hole M-09-481 intersected 52 m grading 0.64 g/t PGM+Au and 0.22 % Cu

in the new zone located within the pit boundary

>>

"While further drilling is required to bring this zone into reserves,

these results not only confirm increased high grade mineralization but support

improved economics by converting waste into ore," said Phillip Walford,

Marathon PGM Corporation's Chief Executive Officer. "The drilling is part of

the optimization program for the Marathon Project which we expect to be

completed in Q4. These encouraging results along with higher current metal

prices for copper, platinum, gold and silver are positive for the project."

Drilling Focus

Holes M-09-481 to M-09-483 form a fence collared on section 4800 to test

west dipping mineralization from the edge of the pit. All holes intersected

near surface PGM-Cu mineralization and traced it down dip to the west.

Hole M-09-484 is on section 3975 to test continuity of the high grade W

horizon from previously announced hole M-09-434, which intersected 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) (please see press release dated 10-June-08). M-09-484

successfully intersected W horizon mineralization grading 5.96 g/t PGM+Au and

0.21 % Cu over 4 m, which is approximately 30 m away from the M-08-434

intersection. High grade mineralization on 3975 is situated within a footwall

basin, which is to the south and well outside the pit shell.

In summary, the reported holes successfully confirm the down dip

extensions of mineralization of the 4800 zone and the extension of high grade

W horizon mineralization on section 3975.

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.

<<

Marathon Drilling: Initial Results

----------------------------------

-------------------------------------------------------------------------

True Total PGM

From To Thickness Pd Pt Au and Au Cu

Hole (m) (m) (m) (g/t) (g/t) (g/t) (g/t) (%)

-------------------------------------------------------------------------

M-09-481 25 77 52 0.45 0.14 0.05 0.64 0.22

-------------------------------------------------------------------------

includes 25 37 12 0.89 0.23 0.06 1.18 0.41

-------------------------------------------------------------------------

and 69 77 8 0.70 0.21 0.12 1.03 0.37

-------------------------------------------------------------------------

M-09-482 15 23 8 0.43 0.16 0.03 0.61 0.05

-------------------------------------------------------------------------

M-09-482 47 53 6 0.11 0.06 0.05 0.22 0.13

-------------------------------------------------------------------------

M-09-482 57 67 10 0.23 0.12 0.05 0.39 0.10

-------------------------------------------------------------------------

M-09-483 17 29 12 0.35 0.16 0.05 0.56 0.13

-------------------------------------------------------------------------

M-09-483 69 81 12 0.14 0.10 0.14 0.38 0.16

-------------------------------------------------------------------------

M-09-483 89 93 4 0.05 0.07 0.38 0.49 0.08

-------------------------------------------------------------------------

M-09-484 74 92 18 1.45 0.50 0.13 2.09 0.15

-------------------------------------------------------------------------

includes 78 82 4 4.23 1.48 0.25 5.96 0.21

-------------------------------------------------------------------------

>>

Please click on http://www.marathonpgm.com/newsmaps/2009-22.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.

-30-

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

(416) 861-1925,