Marvel Discovery Corp. announced a non-brokered private placement of 12,000,000 flow-through units at a price of CAD 0.05 per unit for the gross proceeds of CAD 600,000 and 3,750,000 non flow-through units at a price of CAD 0.04 per unit for the gross proceeds of CAD 150,000 for the total gross proceeds of CAD 750,000 on November 17, 2023. Each flow through unit will consist of one flow-through share and one-half of one share purchase warrant; each whole warrant entitling the holder to purchase one non flow-through share at a price of CAD 0.10 for a period of two years from the closing date.

Each non flow-through unit will consist of one non-flow through share and ones share purchase warrant; each warrant entitling the holder to purchase one non flow-through share at a price of CAD 0.075 for a period of two years from the closing date. Certain insiders of the Company may participate in the Offering and finders' fees may be paid in accordance with the policies of the TSX Venture Exchange. The securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing.

The transaction is subjected to TSX Venture approval.