Marlin Gold Mining Ltd.
TSX VENTURE : MLN

Marlin Gold Mining Ltd.

March 03, 2014 09:50 ET

Marlin Gold Produces Gold at Its La Trinidad Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 3, 2014) - Marlin Gold Mining Ltd. (TSX VENTURE:MLN) ("Marlin" or the "Company") announces completion of commissioning and first gold pour at its 100% owned La Trinidad mine in Sinaloa, Mexico, 13 months after initiating construction of the mine.

Construction at La Trinidad mine began in January 2013 and within 13 months, the project was successfully permitted and built for a capital cost of approximately US$23 million. This compares favourably to the construction budget of US$27.9 million outlined in the PEA prepared by SRK. Marlin's cash balance stands at $3.7 million and is sufficient to fund foreseeable working capital requirements through to commercial production.

John Brownlie, CEO of Marlin stated, "construction completion of La Trinidad mine demonstrates that small to medium sized gold mines can be effectively built in a short time frame and at a reasonable cost in jurisdictions such as Mexico." He also added, "it took a dedicated effort by Marlin's management and staff to execute a project of this type. Going forward, the focus will be in achieving the projected gold production once the mine is developed further."

Now that the mine is complete Marlin will continue with its exploration efforts on the areas adjacent to La Trinidad.

About Marlin Gold

Marlin Gold is a publicly-listed company on the TSX Venture Exchange with properties located in Sinaloa and Zacatecas, Mexico. Marlin's priority is to advance its properties toward commercial production and enhance shareholder value through financial optimization, namely through the growth of wholly owned subsidiary Sailfish Royalty Corp. The La Trinidad property, which hosts the Taunus gold deposit, had a first gold pour on February 28, 2014. A NI 43-101 resource estimate and preliminary economic assessment for the Taunus deposit can be found at www.sedar.com or at www.marlingold.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary statement regarding forward‐looking information

This news release contains 'forward‐looking statements' within the meaning of applicable securities laws. Forward‐looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward‐looking statements also include reference to events or conditions that will, would, may, could or should occur, including in relation to statements regarding the timing of reprocess of material and production from La Trinidad. These forward‐looking statements are necessarily based upon a number of estimates and assumptions that, while based on management's expectations and considered reasonable at the time they are made, are inherently subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward‐looking statements, including, without limitation: uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from logistical, technical or other factors; the possibility that results of work will not fulfill projections/expectations and realize the perceived potential of the Company's projects; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of environmental issues at the Company's projects; the possibility of cost overruns or unanticipated expenses in work programs; the need to obtain permits and comply with environmental laws and regulations and other government requirements; fluctuations in the price of gold and other risks and uncertainties, including those described in the Company's current Annual Information Form filed on SEDAR at www.sedar.com. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. The forward‐looking statements contained in this news release are made as of the date of this release. Unless required by law, Marlin has no intention to and assumes no obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise.

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