The female figure could represent "Sally Benson" (a recurring character) from the Wonder Boy story.
The inclusion of Mussolini on the cover is curious since he was deposed in July 1943, a year and a half before this comic was printed (Winter 1944-45).
The inside-front cover
Art credits from Heritage Auctions offering of this page of artwork.
Script credit per IDW's Super Weird Heroes (2016).
Art identifications by Jim Vadeboncoeur, Jr.