Marvel Discovery Corp. announced that assay results have been received from reconnaissance till and soil sampling at its Victoria Lake Property located approximately 90 kilometers south of Deer Lake in western Newfoundland. Samples from the program have identified multiple anomalies, including gold, barium, copper, zinc, and tin.

Survey were conducted over two geological targets within the western part of the Victoria Lake Property, with sample stations identified on the basis of historic till sampling results, lithologic information, and a structural analysis completed by Marvel in 2022 that identified the potential for structures associated with the Cape Ray Fault within both survey areas. The Cape Ray Fault is well recognized as being highly fertile for structural gold mineralization, and is host to well-known gold occurrences including the Cape Ray Deposit, the Valentine Gold Deposit, and the Wilding Lake Prospect. Soil Geochemistry Highlights include: highest gold-in-soil analysis returned 87 ppb; 21.7% of soil samples reported anomalous gold-in-soil; 16.7% of samples reported anomalous copper; 5.0% of samples reported anomalous zinc; A barium anomaly identified proximal to gold-in-soil showing returned out of limit >10,000 ppm.

(Sample submitted for further analysis.) Anomalous tin-in-soil (74 ppb) identified at one station associated with anomalous zinc. In May 2023, a total of 60 till and soil samples were collected from predetermined stations over two target areas at the Victoria Lake Property, with 250-meter sample intervals over the north target location, and at 500-meter sample intervals over south target location. Samples were collected from within the B-horizon, though in some locations ground conditions remained frozen, which prevented ideal sample collection. The survey was paused because of this reason and will be completed during Marvel's summer exploration program of this area.

The highest regional gold-in-till sample in the Newfoundland Geoscience Atlas reports 785ppb Au, and the north survey grid was designed to follow up on this historic high-grade anomaly. Results from the Spring 2023 survey have identified an extensive zone of elevated gold within the vicinity of the historic gold-in-till anomaly, and have further identified a second area of anomalous gold in the south survey area. The sampling program also identified anomalous levels of copper and zinc. The anomalous barium is interpreted by Marvel to either be associated with the property's gold or VMS potential.

Barite has been previously reported in association with VMS Deposits in the Province of Newfoundland, though at this early stage the presence of anomalous barium remains to be explained. Initial results from 2023 sampling stations at the Victoria Lake Property. The exploration project being completed at the Victoria Lake Property is being executed as part of a two-phase project.

The second phase of the program includes the completion of reconnaissance to explore the critical element potential in association with granite and pegmatites in the southern portion of the property. Preliminary reconnaissance prospecting and till sampling over the prospective areas in the southern portion of the Victoria Lake Property are planned for this second phase of exploration. Marvel has applied for financial assistance for the Victoria Lake project through Newfoundland's Junior Exploration Assistance (JEA) Program.