2.05 g/t Gold Over 30.8 Meters Intersected At The Golden Chest Mine 

KELLOGG, ID - New Jersey Mining Company reported drill intercept of 30.8 meters of 2.05 g/t gold (true thickness) in drill hole GC 11-52 from a core drilling program underway at the Golden Chest mine in Murray, Idaho. The Golden Chest is owned 50% by NJMC and 50% by Marathon Gold Corporation and NJMC is the operator.

Fred Brackebusch, CEO of NJMC, commented, "The 2011 drilling has successfully outlined the open pit resource on the southern part of the Idaho vein. I also expect an open pit resource to the north on the Katie-Dora system."

"Thus far, the core drilling efforts at Golden Chest have proven to be very rewarding for Marathon since these intercepts are even better than expected, in both grade and thickness, than previous widely spaced reverse circulation and diamond drill holes. Drilling to date and geological work this year has demonstrated that the open pit potential goes beyond the limits of the historic open pit resource. Subsequently, we expect to undertake another drill program next year to define the full open pit potential. The new NI 43-101 compliant resource, expected in the first quarter of 2012, is the first step in expanding the Golden Chest deposit", stated Phillip Walford, President and CEO of Marathon Gold Corp.

The company's address is 89 Appleberg Road,P.O. Box 1019, Kellogg, ID 83837, 208-783-1032, fax: 208-783-3331, email: [email protected].