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A Belcarra Group Company BARSELE MINERALS GRANTS OPTIONS

Share Capital & Compensation

A Belcarra Group Company

BARSELE MINERALS GRANTS OPTIONS

February 3, 2021 – Vancouver, BC: Barsele Minerals Corp. (TSX.V:BME) (the “Company” or “Barsele”) is pleased to

announce that it has granted an aggregate of 2,575,000 incentive stock options (the "Options") to directors, officers,

and consultants to purchase up to 2, 575,000 common shares in the capital of Barsele (the "Shares"). The Options

have an exercise price of $0. 65 per Share, expire five years from the date of grant and vest ed immediately on the

date of grant. As a result of this grant of Options, Barsele has 10,025,000 Options outstanding, representing 7.8% of

the issued and outstanding Shares.

About the Barsele Gold Project

The Barsele Project is located on the western end of the Proterozoic “Skellefte Trend”, a prolific volcanogenic

massive sulphide deposits belt, that intersects with the “Gold Line” in Northern Sweden. Both polymetallic deposits

and intrusive hosted orogenic gold deposits are present in this region and on the property. Current and past

producers in the region include Boliden, Kristineberg, Bjorkdal, Svartliden and Storliden.

About Barsele Minerals Corp.

Barsele is a Canadian-based junior exploration company managed by the Belcarra Group, comprised of highly

qualified mining professionals. Barsele’s main property is the Barsele Gold Project in Västerbottens Län, Sweden, a

joint venture with Agnico Eagle. An updated NI 43-101 Technical Report on the Barsele Project with an effective date

of February 21, 2019, was filed on SEDAR on April 2, 2019.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope

President

For further information, please contact Barsele Minerals Cor p. at (604) 687 -8566 x228, email

[email protected] or visit our website at www.barseleminerals.com

This News Release may contain forward -looking statements including but not limited to comments regarding the

business affairs of the Company and the Options. Forward-looking statements address future events and conditions

and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently

anticipated in such statements and Barsele undertakes no obligation to update such statements, 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