DEVELOPING NORTH AMERICAN GOLD RESOURCES SPRING 2013 PRESENTATION

TSX:MOZ FORWARD LOOKING INFORMATION

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Except for statements of historical fact relating to the Company, 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 Marathon Gold Corporation’s public filings, which may be accessed at www.sedar.com . 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, results or otherwise.

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TSX:MOZ INVESTMENT HIGHLIGHTS TWO ROBUST GOLD PROJECTS: Advancing two high grade gold projects located in mining-friendly jurisdictions in Canada and the United States

Flagship Valentine Lake Project in central Newfoundland (100% owned) • A fraction of Valentine’s total 30 km strike has been explored in detail, new gold areas are found each

year • Leprechaun deposit remains open at depth and along strike

Golden Chest Mine (50/50 JV with New Jersey Mining Company) in Idaho’s rich Coeur d’Alene Mining District

• Golden Chest has significant exploration potential at depth and along strike to the north

PROVEN MANAGEMENT TEAM • Over 80 years of management experience in mining exploration, development and production • Same management and technical team behind Marathon PGM (sold to Stillwater for $110 million in Dec. 2010)

2013 FOCUS

• Update the NI 43-101 with the new data collected from the 10,000 m Winter Drilling Campaign • Economic Study on the Valentine Lake Project in Newfoundland

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SHARE CAPITALIZATION

CAPITAL STRUCTURE

SHARE PRICE (MARCH 25, 2013) $0.53 SHARES OUTSTANDING 59,939,411

WARRANTS (AVERAGE PRICE $1.26) 6,748,751

OPTIONS (AT $1.26) 5,430,000 FULLY DILUTED 72,118,162 MARKET CAP ~C$31.7 million WORKING CAPITAL ~C$5 million

ANALYST COVERAGE

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TSX:MOZ MANAGEMENT

Phillip Walford, P.Geo. | President , CEO & Director • 40 years in the mining industry, primarily in mining geology • One of the founders of Marathon PGM in 2003 • Has held senior management roles at a number of companies throughout the Americas, including

Anaconda Gold, Geomaque Exploration, LAC Minerals, Pamour Porcupine Mines, and Hudson Bay Exploration and Development

• Has been involved in over 20 producing mines during his career

Sherry Dunsworth, P.Geo. | VP of Exploration • 30+ years in the mining industry • Has held positions with Anaconda Gold and Marathon PGM • Director, Mining Industry Newfoundland and Labrador • Former member of the Mineral Rights Adjudication Board of Newfoundland and Labrador • Former Geoscience Councilor for the Association of Professional Engineers and Geoscientists of

Newfoundland and Labrador Jim Kirke, CA | CFO • 15+ years involvement in the mining industry • Former CFO of BacTech Mining and Golden Odyssey Mining

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TSX:MOZ WHY MARATHON?

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OUR FOCUS IN 2013 Valentine Lake Project (100% Owned) • 10,000 m Drilling Campaign announced in January 2013 completed at the end of

March 2013 • Steady news flow for the first half of 2013 from our winter drilling program • Update open pit and under ground resource estimates for the Leprechaun Deposit in

2013 • Economic Study on the Valentine Lake Project

WHAT SETS US PART FROM OUR PEERS • USA and Canada only projects in mining friendly jurisdictions • Resource growth with good gold grades (M&I 803,300 ounces at 2.11 g/t and Inferred

236,800 ounces at 2.09 g/t) 77% of the ounces are Measured and Indicated • Good Infrastructure – All of our properties are road accessible and in existing mining

districts • Ability to finance in these difficult times – raised $5.5 Million at the end of 2012 • NO First Nations Issues on any of our projects

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20112012

Feb-13

Ounc

es Inferred (Valentine Lake and

Golden Chest 50% MOZ)M&I (Valentine Lake andGolden Chest 50% MOZ)

- 82% of the M&I is from the Valentine Lake Project

- Average Grade at Valentine Lake Project and Golden Chest Project is 2.11gt / AU

- 10,000m Drilling Program underway at Valentine Lake

ATTRIBUTABLE GROWTH AT VALENTINE LAKE AND GOLDEN CHEST

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TSX:MOZ MAP OF OUR PROJECTS

ADVANCED STAGE PROJECTS

• Leprechaun Deposit 100% Owned

Valentine Lake Newfoundland

• 50/50 JV with New Jersey Mining Corp

Golden Chest Idaho

EARLY STAGE PROJECTS

• Deposit 100% Owned by MOZ

Bonanza Mine NE Oregon

• Both properties are 100% owned by MOZ

Baie Verte and Finger Pond

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• From the early 1960’s to early 1980’s the area was explored for base metal potential via soil sampling mapping and airborne/ground geophysics.

• In 1983 Abitibi Price Inc. first look at gold potential by soil sampling finding local anomalies

• From 1985 to 1989 BP conducting further soil sampling, prospecting and trenching discovered gold-bearing qtz-trml-py veins in trondhjemite, delineated two main mineralized areas: Leprechaun Gold Deposit (LGD) and Valentine East Deposit. Drilled 47 DDH totaling 5,974m at LGD.

• From 1998 to 2009 intermittent drilling of 89 DDH totaling 17,510m throughout the property from LGD to Valentine East

• Between January, 2010 to March, 2013 - Marathon Gold Corp. drilled 431 DDH totaling 76,127m of which 316 DDH totaling 61,253m has focused on the Leprechaun Gold Deposit

VALENTINE LAKE PROPERTY HISTORY

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• The Valentine Lake Project is Marathon’s flagship gold project. It is located in west central Newfoundland approximately 57 km south of the mining town of Buchans. The project is accessible by gravel and paved roads to the Trans Canada Highway.

• The property, which is now over 26,000 hectares, has undergone periodic exploration by various groups. Several important gold occurrences were located including the Leprechaun Gold Deposit, J. Frank Zone, Sprite and Valentine East prospects

• It is on a major regional structure noted for gold occurrences

VALENTINE LAKE PROJECT, NEWFOUNDLAND LEPRECHAUN GOLD DEPOSIT

Summary of Resources Measured and Indicated Resources Inferred Resources

Valentine Lake Leprechaun Gold

Deposit Tonnes Au Grade g/t Gold (oz) Tonnes Au Grade g/t Gold (oz)

Open Pit 8,160,000 2.14 561,000 897,000 1.93 56,000

Underground 1,371,000 2.80 121,000 1,062,000 2.60 89,000

Total 9,531,000 2.22 682,000 1,959,000 2.29 145,000

Valentine Lake Camp

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NEWFOUNDLAND, VALENTINE LAKE PROJECT 17 KM (10+ MILE) LONG GOLD CORRIDOR

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NEWFOUNDLAND, VALENTINE LAKE PROJECT 100% OWNED – DEPOSIT EXPANSION

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NEWFOUNDLAND, VALENTINE LAKE PROJECT 100% OWNED : LEPRECHAUN GOLD DEPOSIT

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NEWFOUNDLAND, VALENTINE LAKE PROJECT RESOURCE PIT OUTLINE

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VALENTINE LAKE PROJECT, NEWFOUNDLAND LEPRECHAUN GOLD DEPOSIT UPDATED NI 43-101 RESOURCE ESTIMATE

• Excellent metallurgical recoveries

with ~50% by gravity, total >90%

• Environmental assessment study is in it’s 3rd year and proceeding to advanced studies

• 2012 Updated NI 43-101 compliant resource estimate; M&I increase of 61% open pit and underground

• 2013 drilling program focused on

developing and upgrading resources underground, expanding the open pit at the Leprechaun and Valentine East deposits

• An updated open pit and underground NI 43-101 resource estimate in 2013 as a result of the 2013 winter drilling campaign

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Leprechaun Gold Deposit

View NE

NEWFOUNDLAND, VALENTINE LAKE PROJECT 100% OWNED : LEPRECHAUN GOLD DEPOSIT

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J. FRANK ZONE: NEW HIGH-GRADE GOLD EXTENSION - MORE THAN 1100 METERS IN STRIKE LENGTH

Discovered summer 2012 ___________ Multiple high-grade Au-QTP & Au-QTP-S veins over a 1.1 km strike length & up to 275 meters into hanging wall ___________

The Sprite –LGD - FZ now more than 4 km in length ___________

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• Located 50 km on-strike and to the southwest from the Valentine Lake Gold Project • Historical exploration work outlines a number of gold and base metal showings along the

20 km strike length

OTHER NEWFOUNDLAND PROJECT: FINGER POND 50 KM SOUTHWEST OF VALENTINE LAKE

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IDAHO - GOLDEN CHEST MINE COEUR D’ALENE MINING DISTRICT

• The Golden Chest Mine is a 50/50 Joint Venture with New Jersey Mining Company (NJMC)

• Gold mine closed in ≈ 1910 • Most of the exploration done by J.V.

underground access • Core property is on large patented land

package (300 acres) • Good potential to expand resources • Permitted for underground mining

Summary of Resources Measured and Indicated Resources Inferred Resources

Golden Chest Mine Tonnes Au Grade g/t Gold (oz) Tonnes Au Grade g/t Gold (oz)

Open Pit 2013 4,371,000 1.59 223,000 2,369,000 1.33 101,000

Underground 2013 196,600 3.11 19,600 738,300 3.48 82,500

Total 4,567,600 2.35 242,600 3,107,300 2.41 183,500

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IDAHO - GOLDEN CHEST MINE COEUR D’ALENE MINING DISTRICT

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• 100% Owned by Marathon Gold • Historical Producer in a Historic Mining District

o 128,500 tons grading 1.2 oz/ton and 99,900 oz Au was produced with an average recovery of 65% o Historic mining cut off grade of 0.60 oz / ton (17 grams)

• The veins vary from a foot to 6 ft. wide and locally can be up to 30 ft. wide, dipping steeply to the southwest • Large patented land package (300 acres) • Low cost to maintain the project

BONANZA MINE, OREGON (100% OWNED) HISTORICAL HIGH-GRADE PRODUCER

TSX:MOZ CREATING SHAREHOLDER VALUE

OUR FOCUS IN 2013 Valentine Lake Project (100% Owned) • 2013 exploration program in place with focus on:

• Expanding the current Leprechaun Gold Deposit • Defining new open pit deposits along strike of the current resource to the SW (J. Frank Zone) and to the NE (Sprite NE, Valentine East – NE)

STRENGTHS • USA and Canada only projects in mining friendly jurisdictions • Ability to finance during very challenging market conditions

• Raised $5.5 Million at the end of 2012

GOALS IN 2013 • Update the NI 43-101 on Valentine Lake Project with the new data collected from the 10,000 m

Winter Drilling Campaign • Economic Study on the Valentine Lake Project in Newfoundland

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www.marathon-gold.com

CHRISTOPHER HALDANE MANAGER, INVESTOR RELATIONS chaldane@marathon-gold.com

CONTACT INFORMATION