Marvel JV Partner Receives Assays at Golden Brook “Gun Flap Hill” Project, Identifies Multiple Critical Element Anomalies

VANCOUVER, BC / ACCESSWIRE / August 23, 2023 / Marvel Discovery Corp. (MARV:TSX.V), (O4T:GR), (MARVF:OTCQB); and Falcon Gold Corp. (FG: TSX.V), (3FA:GR), (FGLDF:OTCQB) together (the Alliance) are pleased to announce the companies have received assay results from the late spring, early summer 2023 exploration program conducted over the Gun Flap Hill project located in Southern Newfoundland. The project covers the northwestern portion of the Golden Brook Property and is located approximately 160 kilometers southwest of Deer Lake. Samples from the first pass reconnaissance program have identified multiple anomalies from rock samples, including:

• Copper-Tantalum-Vanadium anomaly
• Anomalous Gold
• Nickel-Chromium anomaly
• Multiple Critical and Rare Element anomalies including Lithium, Tantalum, Cerium, Lanthanum and Strontium

Prospecting surveys were completed by the Alliance in late May and early June 2023 over predetermined target locations within the largely unexplored Gun Flap Hill project, as part of the Alliance's Q2 2023 Reconnaissance Program. The program was developed to investigate the gold potential of the property through initial prospecting along predefined traverses over a number of priority target areas that were identified in 2022 on the basis of geophysical, geological and structural analysis completed by Marvel JV Partner, Falcon Gold. The comprehensive review identified multiple areas deemed prospective in the northwestern part of the Golden Brook Property. A total of 57 rock samples were collected by the prospecting team and submitted to Eastern Analytical Ltd. In Springdale, Newfoundland, an ISO 17025 Certified Analytical Testing Facility, for 34 Element ICP Analysis. Assay results identified anomalous gold (>5ppb) in three locations in association with quartz vein within granite host. The exploration program further identified multiple anomalous critical and rare metals, and the highlights from this sampling include the following:

• Two sample stations returned anomalous Nickel-Chromium up to 410ppm Ni and 765ppm Cr.
• One sample station returned anomalous Copper-Tantalum-Vanadium reporting 280ppm Cu, 19ppm Nb, 23ppmTa, and 1180ppm V.
• Two sample stations identified anomalous Lithium (up to 71ppm Li) associated with anomalous Cerium (up to 130ppm Ce), Lanthanum (up to 63ppm La), and Lead (up to 73ppm Pb).
• Multiple sample stations returned anomalous Strontium (up to 1531ppm Sr), Zirconium (up to 281ppm Zr) and Barium (up to 3552ppm Ba) proximal to the anomalous Lithium sample stations.

The nickel-chromium anomalies are preliminary in nature and should not be considered conclusive evidence of a mineral occurrence. The results represent new information for the area in which the samples were collected, and there are no previously documented nickel or chromium anomalies historically recorded within the public domain from the areas in which the exploration work was conducted. The highly anomalous results are interpreted by the company to be associated with unexplored gabbroic intrusive rocks emplaced within the Gun Flap Hill project area. The newly identified base metal anomalies are under further review by the Alliance. A follow-up survey that includes detailed local geology mapping, additional prospecting and targeted sampling is being considered for a fall 2023 exploration program.