First Nordic Metals

First Nordic Strengthens Team and Launches New Online Presence To Reflect Growing Portfolio

First Nordic Strengthens Team and Launches New Online Presence To Reflect Growing Portfolio

VANCOUVER, May 13, 2024 – First Nordic Metals Corp. (the “Company” or “First Nordic”) (TSX.V:FNM, OTCQB:FNMCF, FRA: HEG0) is pleased to announce the appointment of new additions to its team as well as the launch of its new website and social channels following the merger of Gold Line Resources Ltd. (“Gold Line”) and Barsele Minerals Corp. (“Barsele”) in Q1 2024.

Board and Management Additions

Marc Legault
Mr. Marc Legault was recently appointed as Director of the Board. Marc is a geologist and was also a licensed professional engineer with over 40 years experience in the gold and base metals industry including 34 years working with Agnico Eagle Mines Limited (“Agnico”), where he held various exploration, operations, and management positions until he retired from Agnico in 2022 as a Senior Vice President. He spent time working on the Barsele project as well as the Oijarvi project, both of which are now First Nordic projects. His technical knowledge and experience with Agnico will be instrumental for First Nordic as it advances its flagship Barsele Project in Sweden in joint venture with Agnico.

Johannes Holzäpfel
Mr. Holzäpfel was appointed Regional Director of First Nordic. He is based in Stockholm, Sweden and currently serves as Exploration Manager of Europe for EMX Royalty Corp., where he has been for 7 years. Johannes was part of the original team that staked the Gold Line belt in 2016-17. He was an important part of the launch of Gold Line in 2021 and has tremendous experience in navigating tenure, community, and environmental processes in Sweden. He is a geologist and has close to 15 years of experience in the mineral exploration industry. During his career, Mr. Holzäpfel worked for Boliden AB also in Sweden, and Ivanhoe Mines Ltd. in Africa and Mongolia. Johannes graduated with a Master’s degree in Economic Geology from the Eberhard Karls Universität Tübingen, Germany. 

Taj Singh, President and CEO of First Nordic comments: “We are very excited to be building out our First Nordic team. The addition of Marc Legault adds significant technical bench strength specific to our key assets and helps us build on our partnership with Agnico. The addition of Johannes Holzäpfel bolsters our operational efficiency in Sweden and increases our in-country presence. Our presence in Sweden is a key part of our strategy moving forward; in line with this, our aim is an eventual listing of First Nordic shares on Stockholm’s Nasdaq First North Growth Market Listing in 2024.”

Launch of New Website & Social Channels

In late February, the Company announced the successful completion of the merger transaction pursuant to which First Nordic (formerly Barsele) acquired all the issued and outstanding common shares of Gold Line. In mid-March, the Company announced its name change from “Barsele Minerals Corp.” to “First Nordic Metals Corp.” with the TSX-V trading symbol “FNM” and the OTCQB trading symbol “FNMCF”. Trading in the common shares of the Company under the new name and symbol on both exchanges commenced at market open on March 20, 2024. The Company officially launched www.fnmetals.com and new First Nordic social channels to reflect its new name and expanded presence in Scandanavia (links to these are found at the end of this release below).

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 324,000 ounces gold and an Inferred resource of 2,086,000 ounces gold (2020, Technical Report and Mineral Resource Estimate for the Barsele Property, InnovExplo). 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.

Art Freeze, P.Geo. and Benjamin Gelber, P. Geo., are Qualified Persons as defined in NI 43-101 and take responsibility for the technical disclosure contained within this news release.

ON BEHALF OF THE BOARD OF DIRECTORS
Taj Singh, M.Eng, P.Eng, CPA
President & CEO, Director

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

Follow First Nordic Metals:
Twitter: @fnmetals
Youtube: @firstnordicmetalscorp
LinkedIn: @firstnordicmetals
Facebook: @FirstNordicMetals
Instagram: @firstnordicmetals

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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 www.sedarplus.ca.

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.