Announcement PDF Cape Town – February 2026 MARVEL GOLD · ASX:MVL DISCLAIMER This presentation (Presentation) has been prepared by Marvel Gold Limited (Marvel).No party other than Marvel has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or undertakings in this Presentation. This Presentation does not constitute an offer, invitation or recommendation to subscribe for or purchase any securities and neither this Presentation nor anything contained in it shall form the basis of any contract or commitment. This Presentation contains summary information about Marvel and its activities, which is current as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Marvel that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act 2001 (Cth). This Presentation should be read in conjunction with Marvel’s other disclosures and announcements lodged with the ASX, which are available at www.asx.com.au. This Presentation is not a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investment Commission) or any other law. This presentation includes certain “forward‐looking statements”. Forward-looking statements and forward-looking information are frequently characterised by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may”, “will” or “could” occur. All statements other than statements of historical fact included in this presentation are forward‐looking statements or constitute forward-looking information. Although the Company believes the expectations expressed in such statements and information are based on reasonable assumptions, there can be no assurance that such information or statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such information. Important factors that could cause actual results to differ materially from those in forward-looking statements include the market price of gold, exploitation and exploration successes, capital and operating costs, changes in project parameters as plans continue to be evaluated, continued availability of capital and financing and general economic, market or business conditions, as well as those factors disclosed in the Company’s filed documents. Accordingly, readers should not place undue reliance on “forward looking information”. This Presentation has been prepared in good faith, but no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, correctness, reliability or adequacy of any statements, estimates, opinions or other information, or to the reasonableness of any assumption or other statement, contained in the Presentation (any of which may change without notice). To the maximum extent permitted by law, Marvel and its professional advisers and their related bodies corporate, affiliates and each of their respective directors, officers, partners, employees, advisers and agents and any other person involved in the preparation of the Presentation disclaim all liability and responsibility (including, without limitation, any liability arising from fault or negligence) for any direct or indirect loss or damage which may arise or be suffered through use of or reliance on anything contained in, or omitted from, this Presentation. Exploration Results The information in this Presentation that relates to exploration results at the Company’s gold projects in Tanzania and references the applicable announcement. Marvel confirms that it is not aware of any new information or data that materially affects the information included in those announcements. 2 EXPLORING AN UNDER-EXPLORED GREENSTONE BELT Building a Countrywide Portfolio in Tanzania Well Endowed Geology Lake Victoria Gold Fields Hosts over 70Moz of Gold1 Consolidated landholding Strategic +380km2 Landholding in prospective structural setting Growth Potential Ability to increase landholding Locally and Nationally Soil Anomalies 3,444 soil samples analysed 3km anomaly identified Underexplored Licences Current licence area one of least explored Greenstone belts in Tanzania 380 km2 Drone Magnetic Survey Drone magnetic survey completed January 2026 5 targets generated to date 1. Tanga Resources Limited ASX announcement 17 July 2017 . 3 MARVEL CORPORATE OVERVIEW Excellent Discovery Opportunity MVL CAPITAL STRUCTURE Issued Capital Options & P.Rights Share Price1 Market Capitalisation Cash2 1.42B 64M $0.019 $26.9M $3.72M MAJOR SHAREHOLDERS Capital DI Ltd Deutsche Balaton El-Raghy Kriewaldt Group 12.95% 7.72% 8.46% 12 month gold spot prices according to The World Gold Council, downloaded 05/02/2025 - www.gold.org 4 1. 6 February 2026 2. 31 December 2025 MARVEL CORPORATE OVERVIEW Proven Team with Deep Industry Expertise Timothy Strong Executive Director Mr. Strong is an experienced geologist who specialises in project evaluation and project generation, with a specialty within greenstone gold belts. He has worked with major & junior exploration companies, including, Resolute Mining & Perseus Mining. Tim was most recently Managing Director at ASX listed Asara Resources (AS1), where he oversaw the advancement of the Kada Gold Project in Guinea, and the divestment of the groups non-core assets. Howard Golden Non- Executive Director Mr. Golden brings over 40 years of exploration experience in the mining industry, having played a pivotal role in the discovery of the Syama, Oyu Tolgoi, Agbaou and West Musgrave ore deposits. He has held senior executive roles with major listed companies including Nordgold, Rio Tinto, Kinross Gold Corporation, WMC Resources and BHP Minerals. He is currently non- executive director at Robex Resources (ASX:RXR) Stephen Dennis Non- Executive Chairman Mr. Dennis has been actively involved in the mining industry for over 30 years. He has held senior management positions at MIM Holdings Ltd, Minara Resources Ltd and Brambles Australia Ltd. Steven Michael Non- Executive Director Mr. Michael is a Chartered Accountant with over 30 years’ experience in the resources industry in senior executive leadership roles with ASX-listed mining and exploration companies as well as investment banking with several global investment banks. Most recently Steven was the Managing Director of Red Hawk Mining which was acquired by Fortescue Limited. He is currently non-executive director at Predictive Discovery (ASX:PDI) 5 PREMIER AFRICAN MINING JURISTICTION Safe, Established, Stable WHY TANZANIA? Significant improvements in Tanzanian exploration and mining regulations in recent years Mining friendly government attracting companies such as Barrick Gold, Anglo Gold Ashanti and Perseus Mining Africa’s 3rd largest gold producer with almost 2M ounces produced in 2024 One of the fastest growing economies in Africa, Great infrastructure – high speed rail, good road and port system Strong local partners 16% Government carried interest in local mining company for new projects Corporate tax rate 30%, gold royalty 6%, plus clearing fee 1% 6 PROJECTS LOCATED IN CENTRAL TANZANIA Underexplored Greenstone Belt = Opportunity EXCELLENT PROJECT ACCESS Projects accessed via sealed roads from Arusha (2.5 hours) or Dodoma (3 hours) Located near Lake Basoto with ample water access from boreholes Within the administration districts of Manyara and Singida – Babati and Singida communities both have regional centre amenities Good road network (unsealed) on the licence area with very little inhabitation Opportunity to increase landholding on the same greenstone belt and structures On the same mineralised unit (BIF) as the adjacent Winston Gold Deposit with historic results of up to 16m @ 55.23g/t gold1 1. EcoGraf ASX announcement 23 May 2024 7 PROJECTS LOCATED IN CENTRAL TANZANIA Underexplored Greenstone Belt = Opportunity HANANG PROJECT MVL acquired 100% of Hanang Project comprising 5 PLs1 Previously explored by ASX listed company, exploration ended due to changing political conditions and mining regulations Regional scale, high-grade project within a highly prospective, underexplored greenstone belt Over 50km of potential strike along a major mineralised corridor Multiple high priority targets On strike from world class, multimillion ounce gold mines such as Golden Pride Adjacent to Anglo Gold Ashanti’s US$9M farm into the Golden Eagle Project2 Total contiguous landholding increased to 380km2 through new applications and purchases3 1. ASX announcement 21 March 2025 2. EcoGraf ASX announcement 23 May 2024 3. ASX announcement 15 September 2025 8 EXCEPTIONAL GEOLOGICAL PROSPECTIVITY Located on Wandela Basoto Shear in Central Tanzania FERTILE GEOLOGICAL SETTING Located in the Irambe-Sekenke greenstone belt on the fringe of the Lake Victoria Gold Fields in Central Tanzania Neoarchaean assemblage of tholeiitic basalts and basaltic andesites with a subordinate amount of felsic volcanics and significant banded iron formations (BIFs) Underexplored and less mature than other Tanzanian greenstones 1. EcoGraf ASX announcement 23 May 2024 50km of strike along a known mineralised structural corridor which extends to Golden Pride (ex-RSG) No major modern-day exploration Anglo Gold Ashanti recent US$9m option on adjacent ground1 STRATEGIC CONSOLIDATION OF STRUCTURAL CORRIDOR 9 HANANG EXPLORATION POTENTIAL Landholding in an Underexplored Structural Corridor A STRATEGIC LANDHOLDING >230 km2 acquired to date from acquisition of Cobra Resources, 110km2 added in applications 40 km2 recently acquired from Pangani Minerals to cement a dominant position in the prospective corridor1 3,444 soil samples and 72 rock chip samples analysed using Photon assay, Fire Assay and ICP-MES Multielement Geochemistry are pending Drone-borne magnetics survey completed and drilling due to commence in Q1 2026 Existing data enabled definition of several compelling targets within the current licence area PIPELINE OF OPPORTUNITIES 10 1.. ASX announcement 15 September 2025 Drill Targets Generated in Year One – Drilling Imminent 11 GEOCHEMISTRY AND GEOPHYSICS 3,444 soils samples analysed resulting in coherent surface gold anomalism 380 km2 drone-borne magnetic survey completed – 20% analysed Preliminary combined magnetic/geochemistry interpretation produced 5 drill-ready targets Five targets for priority drilling - three previously generated (white) and two newly interpreted (blue) Targets include dilational structural zones, BIFs and shear zones , all conducive to gold mineralisation DRILL READY 2026 - Major Programmes in Tanzania 12 PREPARATIONS COMPLETE TO ACCELERATE EXPLORATION Phase One 10,000m drilling programme imminent – end February (weather dependent) Fast-turnaround Photon assay analysis in country to be used for rapid decision making WHAT'S NEXT Final 80% of aeromagnetic data to be processed, interpreted, and employed in drill planning Geochemistry planned on newly acquired permits to generate further targets Up to 10,000m allotted for Phase Two drilling on new targets and on positive results from Phase One Compelling East African Gold Story 13 FROM RESET TO DRILL-READY Major strategic reset completed with a focus on gold in Tanzania Exit from Mali close to completion Acquisition of 100% of Hanang Gold Project Completed (August 2025) Additional 150km2 added in contiguous licences for a total of 380km2 on the least explored greenstone belt in Tanzania 3km anomaly identified at Sophia Working relationship with Capital Drilling providing on- ground support in Tanzania Maiden drill program to commence end of February WHY INVEST IN MARVEL OUR CSR COMMITMENT 2026 INITIATIVES Marvel’s priority is to add value to the society and communities in which we operate Marvel believes that environmental stewardship and social responsibility are integral to the success of its business We strive to adhere to the best industry standards and governance Support and up-skill national staff from the regions in which Marvel is operating 14 WHY MARVEL IS AN OUTSTANDING VALUE INVESTMENT WEST AFRICAN GOLD An emerging Tanzanian gold story. 1. ASX Announcement 30 May 2023. . EAST AFRICAN GREENSTONE GOLD Option Agreement with RSG1 – Divestment On-going Underexplored Greenstone Gold Exploration – 380km2+ 15 Reviewing Additional Opportunities in Africa AFRICAN GOLD Suite 1, 130 Hay Street Subiaco WA 6008 Australia Telephone: +61 8 9200 4960 Facsimile: +61 8 9200 4961 Email: info@marvelgold.com.au APPENDICES MALI TENURE DEALS JOINT VENTURE WITH RESOLUTE MINING1 Resolute to earn up to 70% of Kolondieba licence by spending USD$4.74M in exploration US$250,000 signing bonus (paid) Resolute to manage the JV Tier-1 Partner de-risking exploration Marvel to retain 30% interest post- earn-in Monetisation of non-core assets and partnerships 1. ASX Announcement 30 May 2023. .