Marvel Discovery Corp. announced it has initiated its summer 2023 surface exploration program at the Gander East Property. The focus of the program is to complete a till sampling program over a high priority target associated with north-northeast-trending structures.

The priority target is one of several targets that were identified in 2022 by high resolution, helicopter-borne magnetic surveys completed by Marvel. The project is being completed as a follow up to preliminary prospecting and ground truthing which was conducted by the company in late 2022, which identified minimal outcrop and well-developed overburden over the target areas. Further refinement of the targets was completed through review and analysis of geophysical data in preparation for the current program.

Surface work will include till sampling over a Priority 1 target that is associated with north-nort northeast trending structures. Till sampling will include collection of samples from the B and C horizon. The program was initiated in late August and is anticipated to complete during the month of September.

The work is being completed toward exploring the potential for anomalous gold along the structures, and the results from this study will be used to define targets for follow up exploration work. The company interprets the structures at Gander East to be part of the system of faults that bound the GRUB Line, and may represent a splay from the nearby fault system at Queensway where Newfound Gold has made multiple discoveries. The Gander East Project consists of 274 claims totaling 6,850 hectares, which have been strategically positioned adjacent to New Found Gold's ("NFG") Queensway Project and along strike from both Exploits Discovery Middle Ridge Project and Sassy Resources Gander North Project.

The Queensway Project is undergoing a 400,000 m drill campaign targeting 20 km of prospective strike along the regional scale Appleton and Dog Bay fault zones. A recent news release from NFG dated November 2, 2022, reported intercepting 33.8 g/t Au over 2.35m, 37.4 g/t over 2.10m, and 22.8 g/t Au Over 2.20m at their Lotto North Vein situated within aittle fault zone developed proximal to the Appleton Fault Zone. Parallel structures to those hosting gold at the Queensway and Middle Ridge project areas intersect the Gander East Project, including a segment of the Gander River Ultrabasic Line (GRUB Line) that defines the easternmostbound structure of the regionally prospective Exploits Subzone.