Marvel Updates Shareholders on Power One Spin-Out, Reserves the Share Symbol "PWRO"

VANCOUVER, BC / ACCESSWIRE / October 18, 2023 / Marvel Discovery Corp. (TSX-V:MARV)(Frankfurt:O4T)(MARVF:OTCQB); ( "Marvel " or the "Company" ) is pleased to report on the status of Power One Resources Corp., ("Power One"). Power One is a reporting issuer, formed by Marvel via a Plan of Arrangement in 2021 through the spin-out of Marvel's Wicheeda North and Serpent River properties. Power One has applied for listing on the TSX Venture Exchange ("TSXV").

Power One has received general comments from the TSXV requesting certain updates to its draft Listing Application. It has obtained auditor reviews of its interim financial statements, has raised sufficient funds to undertake an initial work program on the Serpent River property, has reserved trading symbol " PWRO ", and generally stands ready to list on the TSXV once the Listing Application has been accepted. Please see SEDAR, for Power One's most recent financial statements.

• Marvel holds a large equity stake in Power One, approximately 15%.
• Marvel and Power One are the largest landholders adjacent to Radio Fuels Energy Corp.'s (CSE: "CAKE") Pele Mountain deposit.
• Marvel and Power One's Wicheeda projects are adjacent to Defense Metals Corp.'s (TSXV: DEFN) project - One of the largest Rare Earth projects in Canada which comprises of 6.4 million tonne measured mineral resource averaging 2.86% (TREO), and 27.8 million tonne indicated mineral resource averaging 1.02 TRE, cut-off grade 0.5%TREO. ¹
• Marvel holds a 2% NSR on both of Power One's mineral properties. Power One can purchase 50% of each NSR for the Serpent River project and the Wicheeda project for $1.5 million at any time and $1 million within a five-year period respectively.

The Serpent River project (the "Project") is located 15 kilometres east of Elliot Lake, Ontario. Limited drilling by Rio Algom in 1974 at the Pecors East showing on the Project reported a non-National Instrument 43-101 compliant historic resource of 20 million tonnes (Mt) averaging 0.037% uranium ³ . Immediately west of the Serpent River Project is Pele Mountain's Eco Ridge uranium/rare earth element project which is now owned by Radio Fuels. ² In July 2011, Pele Mountain announced the positive results of a preliminary economic assessment study outlining 34.6 Mt at grades of 0.040% U ₃ O ₈ and 1,455 parts per million TREO (total rare earth oxides) ³ .