Marathon PGM Corporation

February 28, 2005 15:18 ET

Marathon PGM Corporation Announces Appointment of Phillip C. Walford to President and CEO


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MARATHON PGM CORPORATION

TSX VENTURE SYMBOL: MAR

FEBRUARY 28, 2005 - 15:18 ET

Marathon PGM Corporation Announces Appointment of
Phillip C. Walford to President and CEO

TORONTO, ONTARIO--(CCNMatthews - Feb. 28, 2005) - Marathon PGM
Corporation (Company)(TSX VENTURE:MAR)is pleased to announce the
appointment of Phillip C. Walford as President and CEO. Mr. Walford has
been Vice President of Exploration. Mr. Walford will be advancing the
Marathon PGM Project to the next level of development and planning
future exploration and resource development programs Mr. Walford
received his B.Sc. in Geology from Lakehead University and is
professional geologist registered in Ontario and Saskatchewan . He has
over thirty years experience in precious metal, base metal and PGM
mining and exploration. Mr. Walford recently spent ten years with
Geomaque Exploration Ltd. as VP Exploration and seven years with LAC
Minerals Ltd. as Vice President and Chief Geologist.

The Company also announces that James D. Frank will become Non-Executive
Chairman of the Board of Directors. Mr. Frank will continue to assist
the Company with strategic planning and financial guidance. The Company
believes that these changes will be beneficial as it moves forward.

The Marathon PGM-Cu Property is located 10 km north of the town of
Marathon, Ontario. The Company has previously announced the completion
of a technical report on the property in compliance with the provisions
of National Instrument 43-101 (the "Technical Report") prepared by
Roscoe Postle Associates Inc., filed on SEDAR on June 29, 2004. The
report showed a Measured and Indicated Mineral Resource of 24.3 million
tonnes at a grade of 1.22 g/t of Palladium, 0.31 g/t of Platinum, 0.10
g/t of Gold and 0.37% Copper using Palladium cut-off of 0.8 g/t.



On Behalf of the Board of Directors,
"James D Frank"

James D. Frank
President, CEO & Director



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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Marathon PGM Corporation
    James D. Frank
    President, CEO & Director
    Jim@MarathonPGM.com
    www.marathonpgm.com
    or
    Bay Street Connect
    Gus Garisto
    Investor Relations
    (416) 907-0970
    gus@baystreetconnect.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.