Marvel Discovery Corp. — Capital/Financing Update 2024

Apr 17, 2024

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Marvel Discovery Corp. 1100 – 1111 Melville Street Vancouver, BC, V6E 3V6 Vancouver Tel: (604) 716-1036 Toronto Tel: (416) 477-1220 www.marveldiscovery.ca info@marveldiscovery.ca

NEWS RELEASE MARV: TSXV

O4T: GR MARVF: OTCQB

MARVEL RECEIVES TSXV APPROVAL OF DISPOSITION OF BVBL PROPERTY

April 17, 2024, Vancouver, BC – Marvel Discovery Corp. (TSXV: MARV), (FWB: O4T), (OTCQB: MARVF) (“Marvel” or the “Company”) is pleased to announce that it has received final approval from the TSX Venture Exchange (the “TSXV”) of its previously announced disposition of the Company’s Baie Verte Brompton Line (“BVBL”) property. Further to its news releases dated June 8, 2023 and September 7, 2023, the Company entered into an option agreement with Carmanah Minerals Corp. (“Carmanah”) whereby the Company granted Carmanah the option to earn a 100% interest in Falcon’s BVBL property. The TSXV has informed the Company that all conditions have been met for final approval, including the filing of a National Instrument 43-101 technical report in respect of the BVBL property, have now been satisfied.

About Marvel Discovery Corp.

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

• Newfoundland (Gander East, Gander South, Victoria Lake, Baie Verte, and Hope Brook – Au Prospects

• Atikokan, Ontario (BlackFly – Au Prospect )

• 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)

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

Website: www.marveldiscovery.ca Twitter : @marveldcorp Facebook : @marveldiscoverycorp LinkedIn: @marveldiscoverycorp Instagram: @marveldiscoverycorp

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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 .

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements that 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: the 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. There is no assurance any of the conditions for closing will be met. 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.

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