Marathon PGM Corporation
TSX VENTURE : MAR

May 26, 2005 10:43 ET

Marathon Announces Results of Annual and Special Meeting of Shareholders and Starting of the 2005 Exploration Program

TORONTO, ONTARIO--(CCNMatthews - May 26, 2005) - Marathon PGM Corporation (TSX VENTURE:MAR) ("Marathon" or the "Company") is pleased to announce the completion of its 2005 Annual and Special Meeting of Shareholders held today at The Ontario Club in Toronto. All resolutions presented to shareholders at the meeting were approved.

"We are gearing up for the summer exploration program which is focusing on moving inferred resources to indicated and exploring other targets which have shown potential to increase the resource, " commented Phillip Walford, President and CEO of the Company."

The exploration program will encompass field work and a diamond drill program. Field work has commenced at the site and the drilling has been moved up by two months to commence by June 15, 2005. The total budget for the 2005 program is expected to be approximately CDN$1,500,000 of which the majority will be spent on drilling approximately 8,000 metres to 10,000 metres.

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.

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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