Marathon Gold Closes Flow-Through Offering

TORONTO, July 10, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Corporation”; TSX: MOZ) is pleased to announce the closing of its previously announced C$6.9 million non-brokered charity flow-through offering at a price of C$1.0488 per flow-through share (the “Offering”). Marathon intends to use the proceeds of the Offering for eligible exploration expenditures at its Valentine Gold Project. Franco-Nevada Corporation acquired the common shares comprising the entire back-end of the Offering.

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