March Quarterly Activities Report and Appendix 5B

In the first three months of 2021, Marvel Gold Limited focused on exploring opportunities for a transaction involving the Chilalo Graphite Project and conducting exploration at the Tabakorole Gold Project in Mali. The company intersected high-grade mineralization at Tabakorole, including significant results in drilling in both central and south-eastern areas. The results indicate potential for enhancing the existing Mineral Resource. Marvel also completed a community development program by installing a solar-powered water pump in Tabakorole village. Financially, the company reported a net cash outflow from operating activities and investing activities, with cash and cash equivalents at $3.2 million. The company did not expect any impact from COVID-19 on its operations.