Marathon Project Receives Support from Pic River First Nation

     TORONTO, Nov. 6 /CNW/ - Marathon PGM Corporation ("MPGM" or "the
Company", MAR-TSX) together with Pic River First Nation ("PRFN") are pleased
to announce the signing of mutual letters of support and a Consultation
Protocol for the proposed Marathon platinum group metals and copper project.

     Highlights:

     -   PRFN offers letter of support for the Marathon PGM Project, which has
         been sent to regulatory and provincial officials
     -   letter of support emphasizes continued positive relations with MPGM
         since Memorandum of Understanding ("MOU") signed in September of 2007
     -   MPGM and PRFN have signed a consultation protocol that defines the
         approach to information sharing, discussion and collaboration between
         the parties
     -   MPGM offers letter of support to PRFN regarding the Duty to Consult
         responsibilities of government

     Phillip Walford, President and CEO stated, "Both the letter of support
from PRFN and the Consultation Protocol demonstrate our solid relationship.
The high level of trust from PRFN further illustrates our positive working
partnership. The future potential for MPGM, PRFN and local communities is
being built upon our mutual respect and good faith."
     PRFN Chief Art Fisher stated, "We feel that this project will be
important to the economy for our members and Northwestern Ontario. We look
forward to continuing our relationship with Marathon PGM."
     MPGM's relationship with the Pic River First Nation was founded in 2004.
The MOU signed between Marathon and PRFN serves as a basis to further
consultation towards the establishment of an Impact and Benefits Agreement.
The MOU mutually recognizes the respective rights of both MPGM and PRFN on the
mineral claims and leases held by Marathon. The Consultation Protocol builds a
strong foundation for discussions leading to the development of the project.
     The letters of support reflect the positive and respectful association
between MPGM and PRFN. This proactive partnership will play an increasingly
important role as the Project enters into the permitting and approvals
processes.
     The letters of support and signing of the MOU are important steps forward
in the development of the Project and in furthering the relationship between
the MPGM and Pic River First Nation.

     About Marathon PGM Corporation:

     MPGM is in the process of completing a definitive feasibility study on
the Marathon PGM-Cu deposit, which is nearing completion. MPGM also has
development and exploration stage properties in southeastern Manitoba and
western Newfoundland and Labrador. MPGM's management plans to build on this
focus through the advancement of its properties, focusing on resource
development and by examining other strategic PGM and base metal opportunities
within Canada.

     Cautionary Statement Regarding Forward Looking Information:

     Except for statements of historical fact relating to the Company, certain
information contained herein constitutes "forward-looking statements".
Forward-looking statements are frequently characterized by words such as
"plan," "expect," "project," "intend," "believe," "anticipate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made and are subject to a variety of
risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
statements. These risks and uncertainties include but are not limited to those
identified and reported in Management's Discussion and Analysis for the year
ended December 31, 2007. Circumstances or management's estimates or opinions
could change, and management disclaims any obligation to revise or update
forward-looking statements, whether for new information, future events or
otherwise. The reader is cautioned not to place undue reliance on
forward-looking statements.

     On Behalf of Marathon PGM:
     "Phillip C. Walford"
     Phillip C. Walford, P.Geo.
     President, Chief Executive Officer
     Tel: +1.416.987.0711
     gen@marathonpgm.com

     On Behalf of Pic River First Nation:
     Chief Arthur Fisher
     Tel: +1.807.229.1749 Ext. 26
     Fax: +1.807.229.1944
     afisher@picriver.com

     %SEDAR: 00020574E

For further information: David Leng, P.Geo, Tel: (416) 849-3432, Fax: (416)
861-1925, dleng@marathonpgm.com; Debi Bouchie, Band Manager, Tel: (807)
229-1749 Ext. 27, Fax: (807) 229-1944, debibouchie@picriver.com