Marvel Gold Limited announced the results from multi-element soil geochemistry carried out at the Yanfolila Gold Project (Yanfolila or the Project), located in southern Mali. The Project is held under joint venture with Oklo Resources Limited, in which Marvel holds an 80% interest. During 2021, the Company collected approximately 2,160 soil samples as part of its maiden exploration program at Yanfolila.

The main objective of this program was to verify the results of historical soil sampling using modern low-detection, multi-element analysis. The soil geochemistry was successful in that it verified the historical soil results and confirmed the presence of several large, discrete targets exhibiting gold and multi- element anomalism. The work identified known mineralisation at Solona where historical drilling has intersected 9m at 20.1g/t Au from 43m (and ending in mineralisation) and 16m at 2.1g/t from surface1.

In addition, the soils appear to highlight one zone to the north-west of Solona that is untested by drilling and located between Solona Main Zone and Solona north-west. In keeping with Marvel's philosophy of conducting systematic exploration on its exploration properties, the Company conducted a soil sampling program at Yanfolila in 2021. Soil sampling was completed on a 300m x 300m sampling grid with soil samples subjected to ionic leach followed by ICP-MS analysis to establish the pathfinder element anomalism across the Project.

Ionic Leach is a powerful geochemical method of determining soil anomalism derived from underlying in situ mineralisation. Over multiple cycles of rain and evaporation, meteoric waters dissolve elements in the ground which rise upwards towards the surface, with the ions being deposited on the surface of soil grains. During analysis, the grains themselves are not dissolved (as with a 4-acid digest, or Aqua Regia digest), but the ions that coat the grain surfaces are washed-off using a weak alkali solution.

It is the chemistry of this solution which is assayed and not the chemistry of the physical soil. This means that Ionic Leach will typically yield low absolute values, but the signal-to- noise ratio is enhanced, allowing for robust anomaly detection over large areas.