MARVEL GOLD LIMITED — Capital/Financing Update 2022

Oct 2, 2022

Application for quotation of +securities

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Announcement Summary

Entity name

MARVEL GOLD LIMITED

Announcement Type

New announcement

Date of this announcement

Monday October 03, 2022

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
MVL	ORDINARY FULLY PAID	175,000	30/09/2022

Refer to next page for full details of the announcement

Application for quotation of +securities

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Application for quotation of +securities

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Part 1 - Entity and announcement details

1.1 Name of entity

MARVEL GOLD LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ACN

Registration number 610319769

1.3 ASX issuer code

MVL

1.4 The announcement is

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New announcement

1.5 Date of this announcement

3/10/2022

Application for quotation of +securities

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Application for quotation of +securities

Part 2 - Type of Issue

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2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +securities to be quoted are:

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Additional +securities in a class that is already quoted on ASX ("existing class")

Application for quotation of +securities

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Application for quotation of +securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Existing +securities converting into additional +securities in an existing class

FROM (Existing Class) ASX +security code and description MVLAU : OPTION EXPIRING 27-AUG-2024 EX NIL PRICE

TO (Existing Class) ASX +security code and description

MVL : ORDINARY FULLY PAID

Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted	30/9/2022	30/9/2022
175,000

Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

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An issue of new +securities

The underlying securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Issue date

30/9/2022

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Application for quotation of +securities

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Application for quotation of +securities

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Issue details

Number of +securities to be quoted

175,000

Are the +securities being issued for a cash consideration?

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No

Please describe the consideration being provided for the +securities

The options were issued to employees pursuant to their employment arrangements.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.025000

Any other information the entity wishes to provide about the +securities to be quoted

Application for quotation of +securities

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Application for quotation of +securities

Part 4 - Issued capital following quotation

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Following the quotation of the +securities the subject of this application, the issued capital of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +securities (total number of each +class of +securities quoted on ASX following the +quotation of the +securities subject of this application)

	Total number of
ASX +security code and description	+securities on issue
MVL : ORDINARY FULLY PAID	704,494,370
4.2 Unquoted +securities (total number of each +class of +securities issued	but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
MVLAX : OPTION EXPIRING 25-NOV-2024 EX $0.065	6,000,000
MVLAY : OPTION EXPIRING 25-NOV-2024 EX NIL	4,346,154
MVLAZ : OPTION EXPIRING 25-NOV-2026 EX NIL	4,346,154
MVLAR : OPTION EXPIRING 29-JUL-2024 EX 3.5C	18,050,000
MVLAT : OPTION EXPIRING 29-JUL-2024 EX 10C	9,025,000
MVLAS : OPTION EXPIRING 29-JUL-2024 EX 6C	9,025,000
MVLAU : OPTION EXPIRING 27-AUG-2024 EX NIL PRICE	2,872,692
MVLAW : OPTION EXPIRING 27-AUG-2024 EX $0.06	3,500,000
MVLAV : OPTION EXPIRING 27-AUG-2026 EX NIL PRICE	2,247,692

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

Application for quotation of +securities

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