September Quarterly Activities Report and Appendix 5B

The summary of the latest Quarterly Activities Report by Marvel Gold Limited for the quarter ended 30 September 2021 is as follows: - Marvel Gold focused on the exploration and growth of the Tabakorole Gold Project during the quarter. - The company confirmed continuity of mineralization at the Tabakorole Central Zone with drill results showing 21m @ 2.6g/t gold. - Diamond drilling at the Tabakorole Northwest Zone identified a new parallel lode with results including 17m @ 3.6g/t gold. - The Mineral Resource Estimate for Tabakorole increased to 1.025 million ounces post-quarter end. - Marvel Gold increased its land position at the Tabakorole Project to 753km2. - The company is progressing the spin-out of the Chilalo Graphite Project into a wholly-owned subsidiary, Evolution Energy Minerals Limited, and an IPO to list Evolution on the ASX. - Marvel Gold has a cash position of $2.3 million with an additional up to $2 million to be received post-IPO of Evolution. - The Managing Director highlighted the new parallel lode discovery at Tabakorole Northwest Zone and the significant resource growth. Overall, Marvel Gold has shown positive developments in its exploration projects, resource estimates, and strategic business initiatives during the quarter.