Mr. Taj Singh reports

GOLD LINE SHAREHOLDERS APPROVE MERGER WITH BARSELE

At a special meeting of shareholders of Gold Line Resources Ltd. held on Feb. 15, 2024, the Gold Line shareholders voted overwhelmingly in favour of the resolution approving the proposed arrangement with Barsele Minerals Corp. by way of a court-approved plan of arrangement. Pursuant to the arrangement, among other things, Barsele will acquire all of the issued and outstanding Gold Line common shares in consideration for 0.7382 of a common share of Barsele for each Gold Line share held.

A total of 19,952,057 Gold Line shares, representing 42.21 per cent of the issued and outstanding Gold Line shares as at the record date, were voted at the meeting. The Gold Line shareholder resolution was approved by approximately 99.98 per cent of votes cast by Gold Line shareholders either in person (virtually) or represented by proxy at the meeting.

The arrangement is expected to be completed on or about Feb. 23, 2024, subject to the approval of the Supreme Court of British Columbia and the satisfaction or waiver of certain other closing conditions. The hearing for the final order of the Supreme Court of British Columbia to approve the arrangement is scheduled to take place on Feb. 20, 2024.

For a more detailed description of the arrangement, please refer to Gold Line's management information circular dated Jan. 17, 2024, which is available under Gold Line's profile on SEDAR+.

About Gold Line Resources Ltd.

Gold Line is focused on acquiring mineral properties with exceptional exploration potential in the most prolific gold-producing regions of Sweden and Finland, both regarded as top-tier mining jurisdictions and emerging exploration frontiers. Both countries possess prospective mineral endowments, stable tenures, straightforward permitting, favourable tax regimes and supportive geopolitical landscapes. Gold Line's Swedish projects are located in the Gold Line mineral belt and the Skelleftea belt of north-central Sweden and the Mjosa-Vanern belt in the southwest. In Finland, Gold Line holds the entire underexplored Oijarvi greenstone belt located in the north of the country.

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