Changes to Managing Director Remuneration

Marvel Gold Limited has announced a change to the remuneration arrangements for Managing Director, Chris van Wijk, effective from 1 November 2023. In light of the company's reduction in activities in Mali and as part of its cost reduction strategy, Mr. van Wijk has agreed to reduce his base salary from $280,000 to $150,000. All other terms and conditions of Mr. van Wijk's executive services agreement remain unchanged. Marvel Gold expresses appreciation for Mr. van Wijk's commitment and looks forward to working together to identify opportunities outside of Mali for long-term sustainable growth. Marvel Gold is an Australian resources company listed on the ASX, focusing on gold exploration.