Quarterly Activities and Cashflow Report - March 2024

Marvel Gold Limited (ASX: MVL) is pleased to report on our activities for the quarter ended 31 March 2024. Some highlights include having $1.16 million in cash, with Evolution Energy Minerals shareholding valued at $3.7 million. We are exploring opportunities outside of Mali for potential long-term growth and evaluating strategic options for our Mali assets.

In terms of business development, we are focusing on identifying greenfield opportunities, especially in gold and other metal projects in Africa and beyond. We continue to manage our cash-flow prudently and are in the process of disposing of our shareholding in Evolution Energy Minerals. There has also been a change in management with the resignation of our Managing Director and the appointment of Mr. Steven Michael to the Board.

Our Mali exploration assets, including the Tabakorole, Kolondieba, and Yanfolila Gold Projects, are still under assessment for value realization. Due to regulatory delays, some licensing processes have been postponed, but we remain compliant with reporting requirements. Additionally, Mali has adopted a new Mining Code that may impact new projects.

We invite investors to reach out with any questions they may have regarding this report or our ongoing operations. For more information, visit our website at www.marvelgold.com.au. Marvel Gold is committed to seeking new opportunities for sustainable growth and providing transparency to our investors.