Notification regarding unquoted securities - MVL

Marvel Gold Limited has issued 10,000,000 unquoted options as part of a payment for corporate advisory services related to a share placement. The options have an exercise price of AUD 0.01200000 and will expire on May 15, 2025. Upon exercise, ordinary shares will be issued. The announcement was made on May 15, 2023, and the details of the options can be found in the Appendix 3B dated May 9, 2023. The company has not received confirmation from ASX regarding the appropriateness and equity of the terms.