March Quarterly Activities Report and Appendix 5B

Marvel Gold Limited provided a quarterly activities report for the period ending 31 March 2023, highlighting the acquisition of the remaining 20% interest in exploration licenses in southern Mali, gaining 100% ownership of the Kolondieba and Yanfolila Gold Projects. The company completed a Gradient Array Induced Polarisation survey at the Kolondieba Gold Project and auger drilling at the Yanfolila Gold Project, identifying a new mineralised vein system. Marvel also reported cash of $652,000 as of 31 March 2023. The company made payments to related parties totaling $107,000 during the quarter. Marvel aims to continue operations and meet business objectives by engaging in capital raisings and maintaining reduced cash outflows.