Marvel Discovery Corp. — Regulatory Filings 2021

Jun 7, 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

June 2, 2021

MARV: TSX-V O4T1: GR IMTFF: OTC PINKS

MARVEL RECEIVES FIRST ASSAYS 2021 BLACKFLY GOLD PROJECT, ATIKOKAN, ONTARIO

Vancouver, B.C. – Marvel Discovery Corp. (TSX-V: MARV), (Frankfurt: O4T1), (IMTFF: OTC PINKS); (“Marvel ” or the “Company”) is pleased to report it has received its first 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 the first batch of 78 assays. A further 180 samples have been submitted for analyses at Actlabs of Thunder Bay, Ontario.

2021 Sample Highlights:

• 40 of the 78 samples returned assays greater than 100 ppb gold

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

• 15 samples in excess of 3.00 g/t gold of which 4 samples assayed greater than 10 g/t gold with coarse visible gold noted in sample W1069699 that assayed 24.3 g/t gold

• Identification of potential new drill targets outside area of shaft veins

Figure One: Current & historical surface sample sites and strengths for the Blackfly Gold Project.

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Sample ID	Au_ppm	Description
W1069602	0.614	GRDR - foliated with 3 cm quartz+carbonate vein with pyrite
W1069607	0.947	GRDR - foliated with 1 cm quartz+carbonate vein with pyrite
W1069609	1.806	DIOR - 10 cm quartz vein with minor ank and chunky galena & chalcopyrite
W1069610	0.226	DIOR - 25 cm quartz vein with 5% ank and chunky galena & chalcopyrite
W1069611	3.666	DIOR - 10cm quartz vein with 5% ank and chunky galena & chalcopyrite
W1069615	2.395	DIOR - altered with fine carbonate veins and trace sulphides
W1069616	0.102	QV - moderately foliated with 20 cm quartz+carbonate vein with pyrite
W1069617	0.910	DIOR - carbonate and chlorite altered with fine veins and trace sulphides
W1069618	0.133	GRDR - altered with 10 cm quartz vein
W1069656	0.211	DIOR - contains small clear quartz+carbonate veinlets
W1069657	0.226	DIOR - contains small clear quartz+carbonate veinlets
W1069659	0.698	GRAN - rusty weathered with quartz veins to 15 cm
W1069662	0.404	GRAN - rusty weathered with quartz veins to 15 cm with minor malacite staining
W1069666	0.789	MAF - contains minor 2 cm rusty quartz vein
W1069671	0.270	FV - rusty with folded quartz+carbonate veinlet
W1069676	1.510	QV - 20 cm taken from LATE outcrop west of shaft open cut
W1069678	3.990	GRDR - well sheared with 50% quartz veins
W1069679	4.170	MAF - contains up to 30% quartz veins with pyritic halos
W1069682	4.410	QV - white quartz breccia vein in altered GRAN with pyrite in vein and host
W1069683	10.400	QV - white quartz breccia vein in altered GRAN with pyrite in vein and host
W1069684	2.280	MAF - altered host with pyrite and quartz containing 20% quartz+sulphides veinlets
W1069685	7.320	MAF - altered host with pyrite and quartz containing 20% quartz+sulphides veinlets
W1069686	0.163	GRDR - strongly ankerite sericite silica altered
W1069687	1.590	QV - Trench sample, white vein quartz containing 5% orange ankerite
W1069688	5.600	QV - Trench sample, white vein quartz containing 5% orange ankerite+sericite+pyrite
W1069689	8.390	QV - Trench sample, white vein quartz containing 5% orange ankerite+sericite+pyrite
W1069690	6.320	QV - Trench sample, white vein quartz containing 5% orange ankerite+sericite+pyrite
W1069691	3.810	GRDR - very strongly sericite-sil-py-ank altered
W1069692	10.800	QV - 50 cm vein with seams of fine pyrite and minor fine bornite
W1069693	6.840	QV - 50 cm vein with seams of fine pyrite
W1069694	15.300	QV - vein from trench blast rock with dark seams of fine pyrite and chlorite
W1069695	2.080	QV - vein from trench blast rock with bands of pyrite
W1069696	6.630	GRAN - light green and purple and rusty
W1069699	24.300	QV - from trench dump pile with coarse visible gold and pyrite seams
W1069704	0.188	QV - from trench dump pile composed of white quartz
W1069707	0.316	QV - 1 m vein hosted in GRAN
W1069708	0.529	GRAN - rusty, sheared
W1069709	0.609	GRAN - rusty, sheared well weathered with 30 cm vein
W1069710	2.090	GRAN - rusty, sheared well weathered with 3 cm vein
W1069712	0.114	GRAN - rusty,sheared and weathered
Colour Key
		3.000 and greater ppm Au
		1.000 to 2.999 ppm Au
		0.100 to 0.999ppm Au

Table One: List of select samples taken during the initial 2021 exploration work on the Blackfly Gold Project. Legend of unit; DIOR – diorite, GRDR – granodiorite, GRAN - granite, MAF – mafic dike, QV – quartz vein

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The mineralized samples occur within strongly silica-sericite-ankerite-pyrite ± chlorite altered and veined granodiorite and diorite, with local shearing. Accessory sulphide phases include galena, chalcopyrite and bornite. Host rocks retain a well-developed, steeply dipping northeast trending foliation.

Mr. Karim Rayani, President and CEO commented, “These grab samples show the presence of high-grade gold, visible gold and the potential for both vein-hosted and broad disseminated / stringer mineralization. We are very pleased to finally prepare for our summer drill program to be commenced within weeks.”

Grab samples are selected samples and not necessarily representative of the mineralization hosted on the property.

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 along strike 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 time-domain 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 has begun the 2021 program work of prospecting, bedrock mapping and rock sampling. Trenching is planned for further definition of the gold mineralization associated with the known anomalies and geological structures. Diamond drilling is budgeted to commence in the summer field season with 16 drill holes.

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:

• Victoria Lake, Exploits Zone, Newfoundland ( Au Prospects )

• Slip Gold, Exploits Zone, Newfoundland ( Au Prospects )

• BlackFly, Atikokan, Ontario ( Au prospect )

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

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

For more information on Marvel, please visit the Company’s website: https://marveldiscovery.ca/.

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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. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

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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