Mr. Taj Singh reports

BARSELE ANNOUNCES NAME CHANGE TO FIRST NORDIC METALS CORP.

The TSX Venture Exchange has approved Barsele Minerals Corp.'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 TSX-V will commence at market open on March 20, 2024.

Taj Singh, president and chief executive officer, 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 [approximately] 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 plus-100-kilometre belt position of regional first-order structural corridors. These belts have been hosts to multiple plus-one-million-ounce gold deposits, including the 4.2-million-ounce 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 (international securities identification number) is CA33583M1077.

In connection with its name change, the company will be launching its new website, which will go live early April, 2024.

About Barsele Minerals Corp. (First Nordic Metals Corp.)

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 National Instrument 43-101 indicated resource of 324,000 ounces gold and an inferred resource of 2.1 million ounces gold. Immediately surrounding the Barsele project, First Nordic is the 100-per-cent owner of a district-scale licence 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 Oijarvi greenstone belt.

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