Marathon Gold Corporation (Marathon) is engaged in the acquisition, exploration and development of precious and base metal properties located in North America. As of December 31, 2011, the Company had interests in Valentine Lake gold property, Finger Pond gold property, Baie Verte gold property, Barachois Brook gold property, Gold Reef property, Bonanza Mine and Golden Chest gold property. The Valentine Lake Gold Project is located in west central Newfoundland. The Finger Pond gold property is an unexplored gold property. The Golden Chest gold property is a non-producing former mine consisting of mining claims covering a total of 497 hectares located near Murray, Idaho. On December 15, 2011, Marathon acquired a 100% interest in the Bonanza Mine.