Marathon Gold Receives Interim Order and Intends to Mail and File Special Meeting Materials Today In Connection with its Proposed Combination with Calibre Mining

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce that it intends to mail and file its management information circular dated December 11, 2023 (the “Circular”) and related meeting and proxy materials today in connection with the special meeting (the “Marathon Meeting”) of holders (the “Marathon Shareholders”) of common shares of Marathon (the “Marathon Shares”) scheduled to be held on January 16, 2024 in connection with its previously announced proposed plan of arrangement (the “Arrangement”) with Calibre Mining Corp. (“Calibre”). Pursuant to the arrangement agreement dated November 12, 2023 between Marathon and Calibre and the accompanying Arrangement, Marathon Shareholders (other than Calibre) will receive 0.6164 of a Calibre common share (each whole share, a “Calibre Share”) for each Marathon Share held (the “Consideration”). The purpose of the Marathon Meeting is to seek approval of the Marathon Shareholders in respect of the Arrangement.

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