Barsele Announces Name Change to First Nordic Metals Corp.

Barsele Announces Name Change to First

Nordic Metals Corp.

VANCOUVER, BC

,

March 18, 2024

/CNW/ -

Barsele Minerals Corp

. (the "

Company

" or

"

Barsele

") (TSXV: 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

www.FNMetals.com

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.

ON BEHALF OF THE BOARD OF DIRECTORS

Taj Singh

President & CEO, Director

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute "forward-looking statements." Such forward

looking statements involve known and unknown risks, uncertainties and other factors that may cause

Gold Line's actual results, performance or achievements, or developments to differ materially from

the anticipated results, performance or achievements expressed or implied by such forward-looking

statements. Forward looking statements are statements that are not historical facts and are

generally, but not always, identified by the words "expects," "plans," "anticipates," "believes,"

"intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions

"will," "would," "may," "could" or "should" occur.

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.

SOURCE

Barsele Minerals Corp.

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http://www.newswire.ca/en/releases/archive/March2024/18/c7426.html

%SEDAR: 00037711E

For further information:

Alicia Ford, Business Development Manager, Phone: 403-604-9646,

Email: [email protected] or [email protected]

CO: Barsele Minerals Corp.

CNW 09:00e 18-MAR-24