Quarterly Activities and Cashflow Report - June 2023

Marvel Gold Limited has provided an update on its activities for the quarter ended 30 June 2023. The company acquired the remaining 20% interest in exploration licenses in southern Mali, giving it full ownership of the Kolondieba and Yanfolila Gold Projects. A successful share placement raised $1.9 million, which will be used for business development and working capital. Marvel also entered into a joint venture agreement with Resolute Mining over the Kolondieba Gold Project. The company's cash position at the end of the quarter was $2.185 million. Marvel continues to evaluate exploration opportunities outside of Mali for future growth.