The TSX Venture Exchange has accepted for filing documentation with respect to Barsele's non-brokered private placement announced on Dec. 13, 2023. The private placement has raised $1,212,359.85 with the issuance of 8,082,399 subscription receipts at a price of 15 cents per subscription receipt. Each subscription receipt has been automatically converted into one unit of Barsele upon closing of the arrangement, where each unit comprised one common share of Barsele and one-half of one common share purchase warrant, with each whole common share purchase warrant entitling the holder thereof to acquire one additional common share of Barsele at a price of 25 cents for a period of two years from the date of issuance.

Number of shares:  8,082,399 common shares

Purchase price:   15 cents per common share

Warrants:  4,041,197 common share purchase warrants to purchase 4,041,197 common shares

Warrant exercise price:  25 cents for a two-year period

Number of placees:  39 placees

Aggregate pro group involvement:  four groups, 800,000 shares

Finder's fee:  $51,895.20, warrants

Finder's warrants terms:   Each warrant entitles the holder to purchase one common share at the price of 25 cents for period of two years from the date of issuance.

Barsele issued a news release on Jan. 18, 2024, Jan. 26, 2024, and Feb. 9, 2024, confirming closing of the private placement.