Marathon PGM Corporation

June 21, 2005 14:36 ET

Marathon Announces Granting of Stock Options

TORONTO, ONTARIO--(CCNMatthews - June 21, 2005) - Marathon PGM Corporation (TSX VENTURE:MAR) ("Marathon" or the "Company") has announced that it has granted stock options to the Company's investor relations consultant.

Stock options totaling 40,000 have been granted to Bay Street Connect in connection with its investor relation services provided to the Company. The stock options have an exercise price of $1.95 per share, an expiry of June 20, 2010 and vest over a twelve month period from the date of grant.

Under the Company's Stock Option Plan (the "Plan"), the Company can issue up to a maximum of 10% of its issued and outstanding shares in stock options. The Company currently has 11,979,449 common shares outstanding and 950,000 stock options outstanding.

About Marathon PGM-Cu Project

Marathon has 100% interest in the Marathon PGM-Cu Project located about 10 km north of the town of Marathon, Ontario. An exploration program including prospecting, geological mapping and diamond drilling is currently underway at the site.

On Behalf of the Board of Directors,

" Phillip C. Walford"

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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