Completion of Entitlement Offer Shortfall Placement

Marvel Gold Limited has announced the completion of the placement of the non-renounceable pro rata entitlement offer shortfall. The Entitlement Offer was conducted at an issue price of $0.045 per share, raising approximately $5.2 million. The Company has issued 28,954,509 shares, generating $1,302,953 in proceeds. Marvel Gold is an Australian gold explorer with projects in South and West Mali, including the Tabakorole Gold Project with a JORC Mineral Resource of 1.025MOz. The company also holds shares in graphite company Evolution Energy Minerals Limited. The announcement has been approved by the Managing Director, Chris van Wijk.