Marathon PGM Corporation - Marathon PGM-Cu Project Location, Cross Section, Pit Plan, Target Map Overview: The Marathon PGM-Cu Project is the most advanced project within the Company's portfolio. In late 2008, an updated resource estimate was delivered in November and definitive feasibility study with reserves was delivered in December. The DFS report can be viewed in its entirety by clicking here. Project Location: The Marathon Project is located about 10 km north of the town of Marathon, Ontario, Canada. The town of Marathon is adjacent to the Trans-Canada Highway on the northeast shore of Lake Superior, approximately 300 km east of the city of Thunder Bay. The Marathon Project benefits from excellent location and access to well developed transportation infrastructure. Please click here to view the location page. Marathon Deposit Geology: The Marathon deposit is located on the eastern margin of the Port Coldwell Complex, a Proterozoic layered basic intrusion. The palladium, platinum and copper mineralization occurs in the Two Duck Lake Gabbro. The known zones of significant mineralization have a total north-south strike length of about 3 km and dip 30° to 40° to the west. The mineralization has a true thickness ranging from 4m to 100m. Please click here to view a typical cross section of the mineralization. Deposit History: Anaconda Canada explored the Project during the 1960’s and drilled over 36,000 metres in exploration and definition of copper mineralization. In 1985 Fleck Resources focused on the re-assaying of Anaconda’s drill core for PGM’s and completed another 3,615 metres of drilling. Geomaque Exploration (now Rio Narcea Gold Mines, Ltd.) had an option to purchase this Project in 2001. Geomaque spent over $1 million on the Project. Geomaque completed a preliminary assessment on the Project in April 2001. Recently, results from the 2008 drilling campaign of 30,000 m were incorporated into the new resource estimate which was released in late 2008. In previous years, Marathon drilled 40,000 m during 2007 and completed a 25,000 m campaign for the 2006. Resource and Reserves: Marathon's successive drilling campaigns have progressively expanded the Marathon resource on a year over year basis. The success gained in continuallyexpanding the resource resulted from a systematic approach to exploration. This success has been carried out in a cost effective manner, while ultimately expanding the value of the resource. Updated In-Pit Resource Estimate (October 2008) Marathon released an updated in-pit resource estimate in October 2008. Results from the 2008 drill program were incorporated into the new resource, resulting in an increase in measured and indicated (M&I) and inferred resources and an increase in total resources, containing 3.41 million ounces of PGM and gold and 595 million pounds of copper. The new resource estimate can be viewed by clicking here. Reserve Estimate (December 2008) Marathon delivered the Definitive Feasibility Study and the Marathon reserve estimate in December. The proven and probable mineral reserve of 465 million pounds of copper and 2.7 million ounces of PGMs (Pt, Pd, Rh) + gold is contained within an optimized engineered open pit. The reserves represent a 78% conversion rate relative to the 3.4 million ounce PGM+Au and 595 million pounds of Cu measured and indicated resource estimate announced in October. The new resource estimate can be viewed by clicking here.