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Marathon Gold Announces Receipt of Final Court Order for Arrangement with Calibre

Press Release

TORONTO, Jan. 22, 2024 — Marathon Gold Corporation (“Marathon”; TSX: MOZ) is pleased to announce that the Ontario Superior Court of Justice (Commercial List) has granted the final order in connection with the previously announced statutory plan of arrangement (the “Arrangement”) involving Marathon and Calibre Mining Corp. (“Calibre”) pursuant to which Marathon shareholders (other than Calibre) will receive 0.6164 of a common share of Calibre for each common share of Marathon held.

Closing of the Arrangement remains subject to certain customary closing conditions. Assuming the satisfaction of these closing conditions, the Arrangement is expected to be completed on January 24, 2024.

For a more detailed description of the Arrangement, please refer to Marathon’s management information circular dated December 11, 2023, available on SEDAR+ at and on Marathon’s website at

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 & Labrador, one of the top mining jurisdictions in the world. The Valentine Gold Project comprises a series of five mineralized deposits along a 32-kilometre system. A December 2022 Updated Feasibility Study outlined an open pit mining and conventional milling operation producing 195,000 ounces of gold a year for 12 years within a 14.3-year mine life. The Valentine Gold Project was released from federal and provincial environmental assessment in 2022 and construction commenced in October 2022.

For more information, please contact:

Amanda Mallough
Manager, Investor Relations
Tel: 416 855-8202

Matt Manson
President & CEO

Julie Robertson

To find out more information on Marathon Gold Corporation and the Valentine Gold Project, please visit



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