Marvel Enters Binding Term Sheet to Sell Mali Assets

Marvel Gold Limited (ASX: MVL) has entered into a binding Term Sheet with Precious Metal Consulting and Engineering LLC (PMCE) to sell its Tabakorole and Yanfolila Gold Projects in Mali for total consideration of AUD$3,000,000. The transaction involves an upfront Exclusivity Fee of AUD$250,000 and an Exclusivity Period of 90 days for further due diligence. Marvel will use its best efforts to facilitate the renewal of the Tenements and not jeopardize the process. The final payment of AUD$2,750,000 is contingent on the renewal by the Cadastre. The Transaction is subject to regulatory approvals and other customary provisions. This sale signifies a significant milestone for Marvel, aligning with the company's objective to explore growth opportunities outside Mali. The funds raised will support future growth initiatives. Marvel owns interests in various gold projects in Mali and is actively seeking new opportunities for sustainable growth. The buyer, PMCE Limited, is a mining company with a focus on large-scale projects in Africa and North America. Investors are encouraged to reach out with any questions or inquiries regarding this announcement. Marvel Gold Limited remains committed to providing updates on its progress and objectives. For more information, please contact Chairman Stephen Dennis at +61 8 9200 4960 or visit www.marvelgold.com.au.