MARVEL DISCOVERY CORP - MARVF STOCK NEWS

Marvel Discovery Corp. has announced an option agreement to acquire the KLR and Walker claim groups, spanning 14,190 hectares, in proximity to Cameco and Fission properties. This strategic acquisition enhances Marvel's position in the high-grade uranium-rich Athabasca Basin. The KLR group borders the former Key Lake Uranium Mine, while the Walker property features multiple uranium showings. Marvel will invest $550,000 and $1.5 million in exploration over four years. This expands Marvel's claims to a total of 16,763 hectares within a promising mineralization zone.

Marvel Discovery Corp. (TSX-V:MARV)(OTCQB:MARVF) announces the establishment of two wholly-owned subsidiaries: New Marvel Gold Corp. and New Marvel Energy Corp.. This strategic move enhances the company's portfolio in diverse sectors, including Gold and Rare Earth Elements. Marvel recently spinned off Power One Resources Corp. and aims to attract further investment through joint ventures. The company is expanding its strategic acquisitions in Central Newfoundland's Gold Belt and exploring uranium opportunities in the Athabasca Basin. The focus remains on maximizing shareholder value with minimal dilution.

Marvel Discovery Corp. has received final approval from the TSX Venture Exchange for an agreement with District 1 Exploration Corp. to acquire rights to the Highway North Property in Saskatchewan. This property, totaling 2,573 hectares, is located near the former Key Lake Uranium Mine. Marvel will issue 4.6 million common shares at $0.09 each and assume obligations including a cash payment of $115,000 and $650,000 in expenditures. The transaction is seen as beneficial for both companies, enhancing Marvel's resource portfolio and potential for future exploration.

Marvel Discovery Corp. (TSXV:MARV, OTCQB:MARVF) announced the final approval of a plan involving Power-One Resources Corp. as of January 17, 2022. Shareholders approved the arrangement that involves Marvel transferring the Serpent River Pecors and Wicheeda Projects to Power-One, resulting in Marvel receiving 5 million shares and a 26% equity stake in Power-One. Power-One plans to raise up to $800,000 through a non-brokered private placement. The Pecors Project has a historic resource of 20 million tons averaging 0.037% U3O8, while Wicheeda is noted for its rare earth elements potential.

Marvel Discovery Corp. (TSXV:MARV)(OTCQB:MARVF) provided a corporate update, highlighting a successful 2021 and positive expectations for 2022. CEO Karim Rayani emphasized the company's commitment to creating shareholder value through diverse projects, including significant land acquisitions in the Central Newfoundland gold belt and entry into the uranium sector. Marvel's notable projects include the Slip, Victoria Lake, and Gander properties, showcasing high-grade gold and base metal potential. The company remains strategically focused on exploration and aims to reward shareholders while exploring opportunities in a competitive market.

Marvel Discovery Corp. (MARVF) has successfully closed its second tranche of a non-brokered private placement, raising $98,125 from the issuance of 853,261 Non-Flow-Through units at $0.115 per unit. This forms part of a total raise of $1,006,205.05 through the offering of 8,047,168 units. The funds will support the Company's property development and general working capital. Finders' fees amounting to $49,908.60 will be paid. All securities will be subject to a four-month statutory hold period after offering closure.