Quarterly Activities and Cashflow Report - December 2023

Marvel Gold Limited reported a cash balance of $1.34 million as of December 31, 2023, with efforts ongoing to evaluate exploration opportunities outside of Mali for long-term growth. The company also saw a release of Evolution Energy Minerals shares valued at $6.75 million from escrow. Strategic assessments continued for value realization of Mali exploration assets amid delays in license renewals due to the Mali Cadastre's operations suspension. The company implemented cash conservation measures, a Share Sale Facility, and reduced its shareholder base through share sales. Exploration expenditure for the quarter totaled $190,000, with no mining production activities undertaken.