Share Buyback AnnouncedVANCOUVER, March 1, 2017 /CNW/ - Marlin Gold Mining Ltd. (TSXV: MLN) ("Marlin" or the "Company") is pleased to announce its intention to commence a normal course issuer bid (the "NCIB"), subject to the approval of the TSX Venture Exchange (the "TSX-V"). The Company intends to purchase, from time to time as it considers advisable over the 12-month period of the NCIB program, an aggregate of 2,489,358 common shares in the capital of the Company (the "Common Shares"), representing approximately 1.44% of the Company's issued and outstanding Common Shares and approximately 10% of the Company's "public float" (as such term is defined under the TSX-V Corporate Finance Manual). The NCIB is expected to commence on or about March 3, 2017 and terminating on the earlier of the Company purchasing a total of 2,489,358 Common Shares, the Company providing a notice of termination, or 12 months following the commencement date. All purchases will be made through the facilities of the TSX-V at market prices and otherwise in accordance with the rules and policies of the TSX-V. All Common Shares acquired by the Corporation under the NCIB will be subsequently cancelled. The Company has appointed PI Financial Corp. to conduct the NCIB on its behalf. Under the Company's previous NCIB, which commenced on February 29, 2016, the Company purchased and cancelled a total of 2,000,000 Common Shares, representing 8.86% of the public float as at February 23, 2016, at a weighted average price of $0.453 per Common Share. The board of directors of the Company believes that, from time to time, the market price of the Common Shares may not adequately reflect the Company's underlying value and future prospects and that, at such times, the purchase of the Common Shares represents an appropriate use of the Company's financial resources and would be in the best interests of the Company's shareholders. Akiba Leisman, Executive Chairman and Interim CEO states that, "due to the record cash flow La Trinidad has generated from the over 30,000 ounces of gold sold in the last 4 months, we have excess cash to repay debt, invest in high return projects like our exploration programs at Commonwealth and La Trinidad, and buy our stock back at a fraction of fair value."