December Quarterly Activities Report and Appendix 5B

Marvel Gold Limited reported its quarterly activities for the period ended 31 December 2021, focusing on the growth of the Tabakorole Gold Project. Highlights included updating the Indicated and Inferred mineral resource estimate to 1.025 million ounces and increasing ownership in the project to 70%. Exploration activities included auger and aircore drilling near the Tabakorole mineral resource. The successful spin-out of the Chilalo Graphite Project into Evolution Energy Minerals Limited was completed, with Marvel receiving $2 million cash and 50 million Evolution shares. The company had cash of $2 million at the end of the quarter and made payments to related parties for remuneration.