Golvellius - Valley of Doom © 1988 Tonka Corp.
North American release. Originally published in Japan. See the original for more information; "Maou Golvellius [Model G-1363]".
Description from the USA cover:
Enter the world of Golvellius. Where demons rule the valley of water...and control the creatures of land, sea and air. Where almost everyone stands against you. There is only one way in...and no way out except victory or death!
It's an adventure that will take you across deserts and mountains, oceans and forests...through eerie graveyards and caves filled with danger and surprise.
Golvellius has a PASSWORD SAVE feature that lets you keep all your possessions. So you never have to start an adventure empty handed!
GAME ID: 7017
Released on December 1, 1988 in North America for the Sega Master System.
Game's ROM.