MARVEL DISCOVERY, CLOSES $300,000 PRIVATE PLACEMENT - Marvel Discovery Corp.

MARVEL DISCOVERY, CLOSES $300,000 PRIVATE PLACEMENT

May 26, 2021. Vancouver, B.C. – Marvel Discovery Corp. (TSX-V: MARV), (Frankfurt: O4T1), (IMTFF: OTC PINKS); (“Marvel” or the “Company”) has closed its non-brokered private placement previously announced May 21st 2021 (The “Offering”). The company has received a total of $300,000.

The company will issue 2,400,000 units at a purchase price of $0.125. Each unit consisting of one flow-through common share and one-half of one common share purchase warrant; each whole warrant (“Warrant”) entitling the holder to subscribe for and purchase one non-flow-through common share (“Warrant Shares”) at a price of $0.25 for a period of 24 months following the acceptance date. The shares and warrants are subject to a four-month hold (as per TSX Venture Exchange policy).

The aggregate gross proceeds from the sale of the FT Offering will be used for exploration and development of the Company’s Duhamel Nickel, Copper, Cobalt Prospect located in Quebec.

A Finders’ fees in the amount of $24,000 has been paid in connection with the Offering in accordance with the policies of the TSX Venture Exchange (the “Exchange“).

Completion of the Offering, and payment of the Finders’ fee are subject to the approval of the Exchange.

About Marvel Discovery Corp.

Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company.  The Company is systematically exploring its extensive property positions in:

  • Exploits Zone, Newfoundland (Slip and Victoria Lake – Au Prospects)
  • Atikokan, Ontario (BlackFly – Au prospect)
  • Red Lake, Ontario (Camping Lake – Au prospect)
  • Quebec (Duhamel –Ni-Cu-Co prospect &  Titanium, Vanadium, and Chromium prospect)

The Company’s website is: https://marveldiscovery.ca/

ON BEHALF OF THE BOARD

Marvel Discovery Corp.

“Karim Rayani”

Karim Rayani

President/Chief Executive Officer, Director

Tel: 604 716 0551 email: k@r7.capital

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “plans”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. Forward-looking statements in this press release relate to, among other things: the raising of new capital by Power One, and the proposed listing of Power One common shares on the TSX Venture Exchange. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: sufficient market interest to complete the proposed capital raise; and TSX Venture Exchange approval for listing of the Power One common shares. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.