Marvel JV Partner Receives Assays at Golden Brook “Moose Mountain” Project, Identifies Lithium and Multiple Rare Earth Element Anomalies

VANCOUVER, BC / ACCESSWIRE / September 6, 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 Moose Mountain project located in Southern Newfoundland. The project covers the eastern portion of the Golden Brook Property and is located approximately 140 kilometers south of Deer Lake. Samples from the first pass reconnaissance program have identified multiple anomalies from rock samples, including:

• Copper-anomaly
• Anomalous Gold-Arsenic
• Multiple Tungsten and Molybdenite anomalies
• Multiple Critical and Rare Element anomalies including Antimony, Beryllium, Cerium, Lanthanum, Lithium, Niobium, Tantalum, Vanadium and Zirconium

Prospecting surveys were completed by the company in late May and early June 2023 over predetermined target locations within the largely unexplored Moose Mountain project, as part of the company's Q2 2023 Reconnaissance Program. The primary objective of the Moose Mountain program was to investigate the lithium potential of the property through initial prospecting 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 eastern part of the Golden Brook Property. A total of 149 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, and 4 Element ICP-OES analysis that includes Li, Nb, Sn and Ta. Sample collection included float, chip and grab samples from locations deemed of interest by the in-field personnel. Preliminary results from the Moose Mountain project have identified anomalous results for multiple critical and rare earth metals, and the highlights from this sampling include the following:

• 22.1% of results deemed anomalous for Lithium, with highest Lithium returning 215ppm
• 20.8% of results deemed anomalous for Lanthanum, with highest Lanthanum returning 98ppm
• 34.2% of results deemed anomalous for Cerium, with highest Cerium returning 149ppm
• 10.7% of results deemed anomalous for Tantalum, with highest Tantalum returning 123ppm
• 9.4% of results deemed anomalous for Niobium, with highest Niobium returning 72ppm
• 20.1% of results deemed anomalous for Beryllium, with highest Beryllium returning 151.9ppm
• Multiple sample stations returned anomalous Zirconium (up to 392ppm Zr), Vanadium (up to 364ppm V), Barium (up to 4996ppm Ba), Tungsten (up to 680ppm W), Molybdenite (up to 129ppm Mo), Antimony (up to 440ppm Sb), and Copper (up to 1264ppm Cu)
• Multiple gold-arsenic anomalies with up to 47ppb Gold and over limit (>1000ppm) Arsenic

The Alliance interprets the multiple critical and rare earth element anomalies to be associated with undocumented pegmatites emplaced in relation to unexplored granite rocks in the project area. The potential for pegmatites in the vicinity of the Moose Mountain project was first documented during regional mapping completed in the late 1970's by Falconbridge which visually identified the presence of spodumene in association with pegmatite veins emplaced within contact zones of granite plutons east of the project. The presence of anomalous tungsten east of the project is well documented by the Mineral Occurrence Database System (MODS) operated by the Government of Newfoundland and Labrador, which records several tungsten occurrences including the Middle and Western North Branch Tungsten occurrences immediately east of the project. The presence of anomalous uranium north of the project area is also well documented by MODS, which records several uranium occurrences north of the project including the White Bear, Doucette and North White Bear occurrences. The critical and rare earth element anomalies represent new information for the area in which the samples were collected, and there are no previously documented rare earth anomalies historically recorded in the public domain from the areas in which the samples were collected. The newly identified anomalies are under further review by the company to better determine their significance, and to develop an exploration program for further follow up.