Release of Evolution Energy Limited Shares from Escrow

Marvel Gold Limited (ASX: MVL) has announced that the 50 million ordinary fully paid shares it holds in Evolution Energy Limited (ASX: EV1) will be released from escrow on November 16, 2023. These shares were received by Marvel as part of the IPO of Evolution in November 2021, in exchange for the Chilalo Graphite Project in Tanzania. The market value of these Evolution shares, based on the closing share price of A$0.14 on November 14, 2023, is approximately A$7 million. Marvel Gold is an Australian resources company focused on gold exploration and actively seeking new opportunities for sustainable growth.