8.26 g/t Gold Over 5.5 Meters Intersected At Golden Chest Mine 

KELLOGG, ID - New Jersey Mining Company reported the drill intercept of 5.5 meters of 8.26 g/t gold (true thickness) in drill hole GC 11-11 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.

Drill hole GC 11-11 was one of thirteen drill holes that was part of the underground resource drilling that targeted the Idaho vein below the No. 3 Level. The Idaho vein intercept in GC 11-11 is about 125 meters vertically below the No. 3 level, and 55 meters down dip of drill hole GC 11-2 which assayed 33.0 g/t across 2.6 meters (true thickness).

The open pit resource drilling continues to return good intercepts from near surface, including GC 11-23R which returned 2.34 g/t over 16.1 meters (true thickness) and GC 11-28 which returned 1.48 g/t over 22.7 meters (true thickness).The open pit drill results released to date cover a strike length of 100 meters on a property where gold mineralization can be traced for 1,500 meters on the surface based on historical workings, drill holes, and soil sampling. "Good surface to depth continuity of the Idaho vein is being proven by the 2011 drilling program. The initial results for the Idaho open pit resource area are demonstrating consistent good grades and continuity of near surface mineralization," said Phillip Walford, President and CEO of Marathon Gold. The Golden Chest Mine is located two miles east of Murray, Idaho within the gold belt of the Coeur d'Alene Mining District. The mine has over 3,900 meters of underground workings and has the permits necessary to drill and operate on the deposit. The property includes 24 patented mining claims and 70 unpatented mining claims covering 497 hectares. The patented claims that cover the mine workings have mineral and surface rights enabling the JV to work easily on the mine property. All of the samples were analyzed by American Analytical of Osburn, Idaho, an ISO certified laboratory. Samples were analyzed using lead collection fire assay with a gravimetric finish.