Marvel Discovery Corp. — Capital/Financing Update 2021

Jul 5, 2021

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Marvel Discovery Corp. #110 – 175 Victory Ship Way North Vancouver, BC, V7L 0B2 VANCOUVER TEL: (604) 670-0019 TORONTO TEL: (416) 477-1220

www.marveldiscovery.com info@marveldiscovery.com

NEWS RELEASE MARV: TSX-V

O4T1: GR MARVF: OTCQB

MARVEL REPORTS FURTHER ASSAYS, HITS 52.5 G/T GOLD FROM SAMPLING PROGRAM, BLACKFLY PROJECT

July 5, 2021. Vancouver, B.C. – Marvel Discovery Corp. (TSX-V: MARV), (Frankfurt: O4T1), (MARVF: OTCQB) ; (“ Marvel ” or the “ Company ”) is pleased to report it has received its second of three rounds of assay results from its 2021 exploration program on the Blackfly Gold Project near Atikokan, Ontario . The Marvel geological team has conducted the initial prospecting, field mapping and sampling, and has now received another 62 assays for a total so far of 144 results. A further 204 samples have been submitted for analyses at Actlabs of Thunder Bay, Ontario.

2021 Sample Highlights:

• 14 of the 62 samples returned anomalous assays greater than 50 ppb gold;

• 2 samples graded from 1.00 g/t and up to 2.99 g/t gold;

• 3 samples in excess of 3.00 g/t gold of which 2 samples assayed greater than 10 g/t gold; and,

• Identification of potential new gold zone southeast of the shaft area with a sample that returned 52.5 g/t gold representing a new drill target .

	SampleID	Au_ppm	Description
	W1069842	0.083	GRAN - Pyrite in 2cm quartz vein
	W1069844	0.398	GRAN - 5cm quartz vein in historic trench
	W1069845	0.604	GRAN - 8cm quartz vein in historic trench
	W1069846	0.100	GRAN - blasted rock from old trench
	W1069847	0.147	GRAN - grab sample from historic tranch
	W1069848	18.300	GRAN - blasted rock from old trench
	W1069850	1.350	GRAN - grab sample from old trench with minor
	W1069852	0.528	GRAN - Blast Rock
	W1069873	0.062	FV - quartz vein in shear zone
	W1069874	0.064	MD - rusty, dark green with fine pyrite in quartz veinlets
	W1069770	52.500	GRDR - with 30cm quartz vein with cubic pyrite and minor chalocpyrite
	W1069771	0.368	GAB - strongly alteredand sheared with pyritic quartz veinlets
	W1069772	1.650	GRDR - with 1 -2 cm pyrite vein
	W1069773	5.660	QV - 12cm withpyrite on contact of GAB with GRDR
	Colour Key
			3.000 and greater ppm Au
			1.000 to 2.999 ppm Au
			0.050 to 0.999ppm Au

Table 1: List of select samples taken during the 2021 exploration work on the Blackfly Gold Project. Legend of units; DIOR – diorite, GRDR – granodiorite, GRAN - granite, MD – mafic dyke, FV – felsic volcanic, GAB - gabbro and QV – quartz vein. Note - grab samples are selected samples and not necessarily representative of the mineralization hosted on the property.

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Gold mineralization on the Blackfly Gold Project is clearly being presented in several hosts and with varied mineralized styles, ranging from traditional gold in quartz veins to gold occurring in highly altered host rocks. Mineralization is developed within altered northeast trending, steeply dipping structures that obliquely cut the regional foliation.

Mr. Karim Rayani, President and Chief Executive Officer commented , “These results along the historic shaft correlate to the Blackfly’s tremendous potential, we have zoned in on a number of high-grade targets. With the sampling now completed we have started our next phase of exploration. We anticipate more exciting results with the drilling program now underway.”

Marvel’s Blackfly Gold Project

The Property is located in the developing Atikokan gold mining camp along and within the Marmion Lake Fault Zone, approximately 13.6 kilometers (“km”) southwest of Agnico Eagle’s Hammond Reef Gold Deposit.

Assessment file records indicate that the original Blackfly gold discovery was made in 1897, making the occurrence one of the earliest found in the Atikokan gold mining camp. The project’s 45-foot shaft was sunk in 1898 shortly after gold was discovered. Several companies have added to the database of the Property including: Rebair Gold Mines Ltd. (1945 to 1948), Steeprock Mines Ltd. (1949 and again in 1961), Aavdex Corporation (2004) and TerraX Minerals Inc. (2009 to 2012).

2021 Exploration Program

The 2021 exploration program on the Project is a continuation of the work initiated in 2020 that included a compilation of historical information and reports and completion of its high-resolution airborne magnetics and timedomain electromagnetic data collection over 203 line-kilometers at 100m spacing. Several geophysical anomalies were identified and targets for follow-up were recommended. Marvel’s geological team began the 2021 program work of prospecting, bedrock mapping and rock sampling. Trenching is being done for further definition of the gold mineralization associated with the known anomalies and geological structures. Diamond drilling is underway with 16 drill holes planned for the summer field season.

QA/QC and Sampling Protocols

Samples collected in 2021 were analyzed by Activation Laboratories, an ISO/IEC 17025:2017 accredited facility. Samples were collected in the field and transported and stored in Falcon’s secure facility located near Atikokan, Ontario until their transportation by Falcon personnel to Activation Laboratories’ sample preparation facility in Thunder Bay, Ontario. Gold was analyzed by fire assay with an Atomic Absorption finish; samples with >5 g/t Au were re-analyzed by fire assay with gravimetric finish. Certified gold reference standards and blanks were regularly inserted into the sample stream. Gold results herein varied from below detection to 52.50 g/t. No quality control/quality assurance issues were noted with the results reported herein.

Qualified Person

The technical content of this news release has been reviewed and approved by Mike Kilbourne, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Marvel Discovery Corp.

Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:

• Newfoundland (Slip, Gander South, Victoria Lake and Hope Brook – Au Prospects )

• Atikokan, Ontario (BlackFly – Au prospect )

• Red Lake, Ontario (Camping Lake – Au prospect)

• Elliot Lake, Ontario (Serpent River/Pecors - Ni-Cu-PGE discovery) & (Uranium- REE’s)

• Elliot Lake, Ontario (East Bull - Ni-Cu-PGE prospect)

• Quebec (Duhamel - Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium prospect)

• Prince George, British Columbia (Wicheeda North – Rare Earth Elements prospect)

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The Company’s website is: https://marveldiscovery.ca/

ON BEHALF OF THE BOARD

Marvel Discovery Corp. “Karim Rayani” Karim Rayani President/Chief Executive Officer, Director Tel: 604 716 0551 email: k@r7.capital

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release .

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