VANCOUVER, British Columbia / ACCESSWIRE / June 8, 2023 / Marvel Discovery (MARV:TSX.V)(O4T:GR)(MARVF:OTCQB); and Falcon Gold Corporation. (FG:TSX.V)(3FA:GR)(FGLDF:OTCQB) together ( alliance) jointly owns 1,402 claims (“Real Estate”) totaling 35,050 hectares located along the Bay Verte Brompton Line (“BVBL”) in central Newfoundland. Marvell and Falcon have agreed to option an interest in the Property to Carmana Minerals Corporation (“Carmana”). Carmana recently announced the acquisition of the Hare Hill Pluton Rare Earth Project, covering a total of 4,050 hectares in western Newfoundland and 162 holdings totaling 4,050 hectares. The property is directly adjacent to the recent ‘Bottombrook Acquisition’ by York Harbor Metals Limited announced on December 21, 2022.

The Harehill granite system has been reported to be promising for rare earth mineralization, as reported recently by York Harbor Metals, whose grabblock samples have a total rare earth oxide grade (TREO) grade of 3.45. % to 21.63% TREO. Kirin Resources previously reported drilling results at the Bottom Brook project in February 2011, including 4.47% TREO on a core length of 5.64 meters and 1.16% TREO on a core length of 15.3 meters.

Carmana will pay a total of $155,000 in cash over four years, issue five million shares of common stock, and issue five million purchase warrants exercisable at 10 cents per share for three years from the date of issuance. (3,000,000 shares issued to Marvel, $93,000), (2,000,000 shares issued to Falcon, $62,000) 60/40 in favor of Marvel. Marvel’s and Falcon’s assets are subject to his NSR (Natural Smelter Royalty) of 2.5% and Carmana allows him to purchase 1% with a $1 million cash payment.

The transaction is beneficial to Marvel and Falcon as both companies with significant stakes in Carmana will have a significant advantage in exploring BVBL, while the option agreement will allow Carmana to develop a significant portfolio of promising properties. can be done. The acquisition of BVBL will enable Carmana to become a significant new player with land adjacent to the Bottom Brook property in York Harbor, which recently announced an aggressive exploration program.

Chief Executive Officer Karim Rayani commented: “We are very pleased to enter into an option agreement with Carmana Minerals. Carmana presents a great opportunity for all companies to potentially share in the success of new district-wide discoveries. Marvel currently holds approximately 90,000 hectares of prospective deposits.” “The surface is linked to major structures in the Gander, Hopebrook and Lake Victoria areas. This area is rapidly growing in rare earth potential.” We are looking forward to new developments coming out of BVBL as we are becoming known.”

Figure 1 – Location of Marvel/Falcon’s Baie Verte project option provided by Carmanah Mineral Corp.

Because both companies have common directors and officers, the transaction is considered a non-arm’s length transaction and is subject to TSX-V’s approval.

qualified person

Greg Robinson, P. Geo, an Independent Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release on behalf of the company.

About Marvel Discovery Corporation

Marvel is a Canadian-based startup resource company that has been listed on the TSX Venture Exchange for over 25 years. We systematically research a wide range of real estate positions in the following areas:

• Newfoundland (Slip, Gander North, Gander South, Lake Victoria, Be Verte, Hope Brook) future outlook)
• Atikokan, Ontario (BlackFly – O Prospect)
• Lake Elliott, Ontario (Eastbull – outlook for Ni-Cu-PGE)
• Quebec (Duhamel –Ni-Cu-Co outlook and Titanium, Vanadium, Chromium outlook)
• Prince George, British Columbia (Wichida North – outlook for rare earth elements)

Our website is: https://Marvel Discovery.ca/

On behalf of the Board of Directors

Marvel Discovery Corporation
“Karim Rayani”
Karim Rayani
President and Chief Executive Officer
Phone: 604 716 0551 Email: This email address is being protected from spambots. JavaScript must be enabled to view.

Forward-Looking Information Disclaimer:

Certain statements in this release are forward-looking statements that reflect management’s expectations. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations and intentions about the future. Forward-looking statements in this press release relate, among other things, to the closing of the proposed transaction. Actual future results may differ materially. There is no guarantee that such statements are accurate, and actual results or future events could differ materially from those anticipated in such statements. There is no guarantee that the closing conditions will be met. Forward-looking statements reflect beliefs, opinions and projections as of the date the statements are made and, although believed to be reasonable by each party, are inherently material business, economic, competitive or political implications. , social uncertainty and contingencies. Readers should not place undue reliance on the forward-looking statements or information contained in this news release. Except as required by law, we undertake no obligation to update any forward-looking statements regarding beliefs, opinions, projections or other factors if they change.

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