Marathon Gold : Annual General Meeting – June 2023

DEVELOPING THE

VALENTINE GOLD PROJECT

IN NEWFOUNDLAND

AND LABRADOR

Annual General Meeting of Shareholders

TSX MOZ

St John's, Newfoundland and Labrador

June 7 2023

Today's AGM Presentation

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An archive of this presentation will be available at www.marathon-gold.comfollowing the meeting

TSX MOZ 2

Management Presenting Today

Matt Manson

President, CEO & Director

Over 25 years in mining exploration, project development, construction and operation. Previously President & CEO of Stornoway Diamond Corp. 2015 Viola Macmillan Award. 2017 Northern Miner Mining Person of the Year.

Julie Robertson

Chief Financial Officer

Chartered Professional Accountant with over 20 years of experience in planning and capital project management, financial reporting and control. Previously VP Finance, Capital Projects, at Centerra Gold and VP Finance, Controller at Barrick Gold.

Tim Williams

Chief Operating Officer

Professional engineer with over 25 years of experience in mine construction

and operation. From 2011 and 2016 he was VP Operations for Rio Alto Mining Inc.

James Powell

VP, Regulatory & Gov. Affairs

Mining professional with over 20 years of technical and project management experience in mining, civil, geotechnical and environmental engineering/sciences.

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Your Board of Directors

Peter

MacPhail

Incoming Chairman

Ontario

Professional mining engineer with 35 years of operational mining experience in Canada, Mexico, and Australia. Previously COO of Alamos Gold Inc. Prior to Alamos, he served as the COO of both AuRico Gold Inc. and Northgate Minerals Inc.

Doug Bache

Director

Ontario

Finance professional with over 25 years of corporate finance, capital markets, corporate development experience in natural resource industry. Previously Vale, North American Palladium, CIBC and Société Générale

Cathy

Bennett

Director

Newfoundland and

Labrador

Business executive with over 35 years of experience. Served as a member of the Newfoundland House of Assembly from 2014- 2018 as Minister of Finance and President of Treasury Board and Minister of the Status of Women

Teo Dechev

Director

British Columbia

Professional Geoscientist with over 35 years experience in advanced-stage exploration, feasibility, construction, operations and acquisitions. President & CEO of Mundoro Capital

Jim Gowans

Director

British Columbia

Over 30 years experience in exploration, mine construction, commissioning and operations. Previously Placer Dome, De Beers, Barrick, Arizona Mining. Director Cameco, New Gold, Trilogy Metals

Julian Kemp

Director

Ontario

Over 25 years of experience in the mining industry in financial and management roles. Previously interim President & CEO Rubicon, chairman Battle North Gold, VP Finance and Chief Financial Officer of Fortune Minerals.

Matt

Manson

President & CEO,

Director

Ontario

Over 25 years in mining exploration, project development, construction and operation. Previously President & CEO of Stornoway Diamonds. 2015 Viola Macmillan Award. 2017 Northern Miner Mining Person of the Year.

Janice

Stairs

Director

Nova Scotia

Over 30 years experience in the resource sector. Previously senior executive positions with resource companies including Endeavour Mining Corporation, Etruscan Resources Inc. and Namibia Critical Metals Inc. Chairperson Gatos Silver and Trilogy Metals.

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Directors not Standing for Re-election in 2023

George Faught		Joe Spiteri
Director since 2010		Director since 2010
Chairman of the Board since 2011

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