MARVEL GOLD LIMITED — Share Issue/Capital Change 2021

Nov 24, 2021

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

MARVEL GOLD LIMITED

Date of this announcement

Thursday November 25, 2021

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	UNQUOTED OPTIONS, EXERCISABLE AT	6,000,000	25/11/2021
to be confirmed	$0.065, EXPIRING 25 NOVEMBER 2024
New class - code	UNQUOTED OPTIONS EXERCISABLE AT $0.00,	4,346,154	25/11/2021
to be confirmed	EXPIRING 25 NOVEMBER 2024
New class - code	UNQUOTED OPTIONS, EXERCISABLE AT	4,346,154	25/11/2021
to be confirmed	$0.00, EXPIRING 25 NOVEMBER 2026

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted E it S iti

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

MARVEL GOLD LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

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

25/11/2021

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code +Security description New class - code to be confirmed UNQUOTED OPTIONS, EXERCISABLE AT $0.065, EXPIRING 25 NOVEMBER 2024 +Security type ISIN code Options Date the +securities the subject of this notification were issued 25/11/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
STEPHEN DENNIS	MR STEPHEN BRUCE DENNIS + MRS ALISON JILL DENNIS SUPER FUND A/C>	3,000,000
ANDREW PARDEY	MR ANDREW PARDEY	3,000,000

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. - https://www.investi.com.au/api/announcements/mvl/18799b13 bc2.pdf

Options Details

+Security currency AUD - Australian Dollar

Exercise price Expiry date AUD 0.06500000 25/11/2024

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Notification of Issue, Conversion or Payment up of Unquoted 4 / 10 E it S iti

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Description

SHARES IN THE CAPITAL OF MARVEL GOLD LIMITED

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

• https://www.investi.com.au/api/announcements/gpx/70ae232a b48.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

6,000,000

ASX +security code New class - code to be confirmed	+Security description UNQUOTED OPTIONS EXERCISABLE AT $0.00, EXPIRING 25 NOVEMBER 2024
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

25/11/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
PHIL HOSKINS	MR PHIL HOSKINS	2,500,000
CHRIS VAN WIJK	MR CHRISTOPHER PHILIP VAN WIJK	1,846,154

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. - https://www.investi.com.au/api/announcements/mvl/18799b13 bc2.pdf

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 25/11/2024

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

SHARES IN THE CAPITAL OF MARVEL GOLD LIMITED

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms - https://www.investi.com.au/api/announcements/gpx/70ae232a b48.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

4,346,154

ASX +security code

New class - code to be confirmed

+Security description

UNQUOTED OPTIONS, EXERCISABLE AT $0.00, EXPIRING 25 NOVEMBER 2026

+Security type

ISIN code

Options

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Date the +securities the subject of this notification were issued

25/11/2021

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
PHIL HOSKINS	MR PHIL HOSKINS	2,500,000
CHRIS VAN WIJK	MR CHRISTOPHER PHILIP VAN WIJK	1,846,154

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?

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No

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

• https://www.investi.com.au/api/announcements/mvl/18799b13 bc2.pdf

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.00000000 25/11/2026

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

Other

Description

SHARES IN THE CAPITAL OF MARVEL GOLD LIMITED

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

• https://www.investi.com.au/api/announcements/gpx/70ae232a b48.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Issue details

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Number of +securities

4,346,154

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities 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)

	Total number of
ASX +security code and description	+securities on issue
MVL : ORDINARY FULLY PAID	584,932,808

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
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	2,897,692
MVLAW : OPTION EXPIRING 27-AUG-2024 EX $0.06	3,500,000
MVLAV : OPTION EXPIRING 27-AUG-2026 EX NIL PRICE	2,247,692
New class - code to be confirmed : UNQUOTED OPTIONS, EXERCISABLE AT $0.065,	6,000,000
EXPIRING 25 NOVEMBER 2024
New class - code to be confirmed : UNQUOTED OPTIONS EXERCISABLE AT $0.00,	4,346,154
EXPIRING 25 NOVEMBER 2024
New class - code to be confirmed : UNQUOTED OPTIONS, EXERCISABLE AT $0.00,	4,346,154
EXPIRING 25 NOVEMBER 2026

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

24/11/2021

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