Quarterly Activities Report and Appendix 5B

Marvel Gold Limited provided an update on its activities in the September quarter, highlighting results from Aircore drilling at the Tabakorole gold deposit. The drilling defined mineralisation close to the existing resource and identified additional targets for exploration. Environmental monitoring work has also commenced at Tabakorole. At the Kolondieba Gold Project, significant bedrock anomalism was confirmed, with auger drilling providing valuable data for future exploration. Work at the Yanfolila Gold Project verified soil anomalies and potential targets remain untested. The company reported a net cash outflow from operating activities, with cash at $1.88 million at the end of the quarter. Operations have been suspended due to the rainy season in Mali, with no immediate plans to raise further funding.