Significant bedrock mineralisation at Kolondieba

In an announcement made by Marvel Gold Limited on 22 June 2022, it was reported that auger drilling at the Kolondieba Gold Project in southeast Mali has intercepted significant bedrock mineralization. Key highlights include significant gold anomalism in all targets tested, with standout targets yielding gold over 1km of strike length and several hundred meters across. Ten auger holes returned over 1g/t of gold, with a peak value of 2.35g/t. The company is pleased with the results of the auger drilling campaign, noting the presence of in-situ bedrock mineralization across the project area. Further work will include a survey to better define follow-up drilling targets. The Kolondieba project is thought to have the potential to host an orogenic, hydrothermal gold deposit similar to other deposits in the region. The company holds licenses under a joint venture with Oklo Resources, with renewals and agreements in place for exploration activities. Key details of drill hole locations, results, and geological observations have been thoroughly documented and reported in detail. Plans for further work include an IP survey and potential RC drilling based on the survey results.