December Quarterly Activities Report and Appendix 5B

In the quarterly activities report for the quarter ended 31 December 2020, Marvel Gold Limited provided updates on its exploration activities at the Tabakorole and Lakanfla Gold Projects in Mali. Highlights include the commencement of a 6,300m drill program at Tabakorole, completion of a 3,800m drill program at Lakanfla, and finalizing an agreement with Oklo Resources Limited to acquire an 80% JV interest in gold exploration tenements. The company also focused on community engagement programs and enhancing its in-country capabilities. Cash and cash equivalents at the end of the quarter were $5.1 million, with net cash used in operating activities at $2.6 million.