Marathon Gold Announces Voting Results of Annual General Meeting


Marathon Gold Corporation

Marathon Gold Corporation

TORONTO, June 22, 2022 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce the voting results at its Annual General Meeting of shareholders (“the Meeting”) held on the afternoon of June 22, 2022.

The Company’s shareholders voted in favour of all matters brought before the Meeting. All the director nominees set out in the Management Information Circular dated May 6, 2022 were elected as directors, to serve until the next meeting of shareholders of the Company. Details of voting are as follows:

 

Votes
FOR

% of Votes
cast
FOR

Votes
WITHELD

% of Votes
cast
WITHELD

George D. Faught

148,874,559

97.93%

3,143,999

2.07%

Douglas H. Bache

148,850,039

97.92%

3,168,519

2.08%

Cathy M. Bennett

148,892,875

97.94%

3,125,683

2.06%

James K. Gowans

148,852,489

97.92%

3,166,069

2.08%

Julian B. Kemp

148,131,918

97.44%

3,886,640

2.56%

Matthew L. Manson

149,286,774

98.20%

2,731,784

1.80%

Joseph G. Spiteri

148,134,246

97.44%

3,884,312

2.56%

Janice A. Stairs

143,792,654

94.59%

8,225,904

5.41%

The Company’s shareholders also approved the following resolution: Appointment of PricewaterhouseCoopers LLP as its auditors:

 

Votes
FOR

% of Votes
cast
FOR

Votes
WITHELD

% of Votes
cast
WITHELD

Appointment of Auditors

158,167,443

99.98%

27,238

0.02%

The results of voting will be filed at www.sedar.com.

About Marathon

Marathon (TSX:MOZ) is a Toronto based gold company advancing its 100%-owned Valentine Gold Project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world. The Project comprises a series of five mineralized deposits along a 20-kilometre system. An April 2021 Feasibility Study outlined an open pit mining and conventional milling operation over a thirteen-year mine life with a 31.5% after-tax rate of return. The Project has estimated Proven Mineral Reserves of 1.40 Moz (29.68 Mt at 1.46 g/t) and Probable Mineral Reserves of 0.65 Moz (17.38 Mt at 1.17 g/t). Total Measured Mineral Resources (inclusive of the Mineral Reserves) comprise 1.92 Moz (32.59 Mt at 1.83 g/t) with Indicated Mineral Resources (inclusive of the Mineral Reserves) of 1.22 Moz (24.07 Mt at 1.57 g/t). Additional Inferred Mineral Resources are 1.64 Moz (29.59 Mt at 1.72 g/t Au). Please see Marathon’s Annual Information Form for the year ended December 31, 2021 and other filings made with Canadian securities regulatory authorities and available at www.sedar.com for further details and assumptions relating to the Valentine Gold Project.

For more information, please contact:

Amanda Mallough
Senior Associate, Investor Relations
Tel: 416 855-8202
amallough@marathon-gold.com

Matt Manson
President & CEO
mmanson@marathon-gold.com

Julie Robertson
CFO
jrobertson@marathon-gold.com

To find out more information on Marathon Gold Corporation and the Valentine Gold Project, please visit www.marathon-gold.com.

Cautionary Statement Regarding Forward-Looking Information

Certain information contained in this news release, constitutes forward-looking information within the meaning of Canadian securities laws (“forward-looking statements”). All statements in this news release, other than statements of historical fact, which address events, results, outcomes or developments that Marathon expects to occur are 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”, “estimates”, “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. More particularly and without restriction, this news release contains forward-looking statements and information about the FS and the results therefrom (including IRR, NPV5%, Capex, FCF, AISC and other financial metrics), the realization of mineral reserve and mineral resource estimates, the future financial or operating performance of the Company and the Project, capital and operating costs, the ability of the Company to obtain all government approvals, permits and third-party consents in connection with the Company’s exploration, development and operating activities, the potential impact of COVID-19 on the Company, the Company’s ability to successfully advance the Project and anticipated benefits thereof, economic analyses for the Valentine Gold Project, processing and recovery estimates and…



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