Quartely Activities Report and Appendix 5B

In the March quarter of 2022, Marvel Gold Limited focused on the exploration and growth of the Tabakorole Gold Project in Mali. Highlights included identifying a 600m gold target, increasing ownership interest in the Tabakorole project to 70%, and raising over $5.2 million through an entitlement offer. Post quarter, the company raised an additional $1.3 million from a shortfall offer. The company also amended its joint venture agreement with Altus Strategies plc, increasing Marvel's interest in the Tabakorole joint venture. Marvel also received promising results from multi-element soil geochemistry at the Kolondieba Gold Project. As of March 31, 2022, Marvel had cash of $5.06 million. Additionally, payments to related parties totaled $188,560, mainly consisting of executive and non-executive director remuneration.