First Nordic Metals

Barsele Announces Name Change to First Nordic Metals Corp.

Barsele Announces Name Change to First Nordic Metals Corp.

March 18, 2024, Vancouver, BC – Barsele Minerals Corp. (the “Company” or “Barsele”) (TSX.V: BME, OTC: BRSLF) is pleased to announce that the TSX Venture Exchange (the “TSXV”) has approved the Company’s application to change the name of the Company to “First Nordic Metals Corp.” with the trading symbol “FNM”. Furthermore, it is also expected that the Company’s shares will trade under the new symbol “FNMCF” on the OTCQB. Trading in the common shares of the Company under the new name and symbol on the TSXV will commence at market open on March 20, 2024.

Taj Singh President and CEO commented, “The Barsele / Gold Line merger, which closed a few weeks ago, created a combined company with a leading gold portfolio underpinned by the advanced stage Barsele gold project and one of the largest consolidated gold exploration portfolios in Scandinavia, both in Sweden and in Finland. The flagship of the portfolio is the ~100,000-hectare district-scale position in Sweden covering almost the entire Gold Line belt and a significant portion of the Skellefte VMS (volcanogenic massive sulphide) belt and covering a +100km belt position of regional first-order structural corridors. These belts have been hosts to multiple +1Moz gold deposits, including the 4.2Moz Boliden Mine, as well as numerous base metal deposits of significant scale. The current name change to “First Nordic Metals Corp.” reflects a new beginning for the recently combined companies and is obviously well-suited as we look to becoming a leading Scandinavian-focused explorer and project developer.”

There is no change in the capitalization of the Company in connection with the change of name and new trading symbol. No action is required by existing shareholders of the Company with respect to the name change and new trading symbol. Outstanding common shares certificates or DRS notices do not need to be exchanged. The Company’s new CUSIP number is 33583M107 and its new ISIN number is CA33583M1077.

In connection with its name change, the Company will be launching its new website at which will go live early April 2024.

About First Nordic Metals

First Nordic’s flagship is the Barsele gold project, located in Sweden and in a joint venture with senior gold producer Agnico Eagle Mines Ltd. The Barsele project currently hosts a combined open pit and underground NI 43-101 Indicated Resource of 324koz gold and an Inferred resource of 2.1Moz gold. Immediately surrounding the Barsele project, First Nordic is the 100%-owner of a district-scale license position of close to 100,000 hectares on both the prolific Gold Line and Skellefte VMS belts. Additionally, in northern Finland First Nordic holds the entire underexplored Oijärvi Greenstone Belt.

Taj Singh
President & CEO, Director

For further information contact:
Alicia Ford
Business Development Manager
Phone: 403-604-9646
Email: [email protected] or [email protected]

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Cautionary Note Regarding Forward-Looking Statements

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the terms and conditions of the Arrangement, timing for the hearing for the final order of the Supreme Court of British Columbia to approve the Arrangement and the timing and ability of Gold Line to complete the Arrangement. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Gold Line’s respective management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Gold Line believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Gold Line. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to obtain necessary approvals in respect of the Arrangement, the ability to consummate the Arrangement,; the ability to obtain requisite court approvals and the satisfaction of other conditions to the consummation of the Arrangement on the proposed terms and schedule; the potential impact on exploration activities; the potential impact of the announcement or consummation of the Arrangement on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; the re-rating potential following the consummation of the Arrangement; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time on the Arrangement. This forward-looking information may be affected by risks and uncertainties in the business of Gold Line and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Gold Line with the Canadian securities regulators, including Gold Line’s financial statements and related management’s discussion and analysis for the financial year ended December 31, 2022 and its interim financial reports and related management’s discussion and analysis for the period ended September 30, 2023 filed with the securities regulatory authorities in certain provinces of Canada and available at

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Gold Line has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

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