VANCOUVER / TORONTO, December 13, 2023 – Barsele Minerals Corp. (“Barsele”) (TSXV: BME, OTC: BRSLF) and Gold Line Resources Ltd. (“Gold Line”) (TSXV: GLDL, OTC: TLLZF) are pleased to announce that they have entered into an arrangement agreement (the “Arrangement Agreement”), dated December 12, 2023, pursuant to which Barsele will acquire all of the issued and outstanding common shares of Gold Line (the “Gold Line Shares”) in exchange for common shares of Barsele (the “Barsele Shares”) by way of a plan of arrangement (the “Transaction”, with Barsele following completion of the Transaction referred to as the “Resulting Issuer”).

The Transaction will create a combined company with a leading gold portfolio underpinned by the advanced stage Barsele gold project (the “Barsele Project”) currently being advanced by Barsele in partnership with Agnico Eagle Mines Limited (“Agnico”).

The Transaction will consolidate a large and prospective gold exploration portfolio in Sweden and Finland; this includes a district-scale property package situated on the prolific Gold Line Mineral Belt in Sweden, totalling over 104,000 hectares, and the Oijärvi gold project (the “Oijärvi Project”) located in the Oijärvi Greenstone Belt of Finland.

Transaction Highlights: see & read more on
https://barseleminerals.com/news-releases/barsele-and-gold-line-announce-merger-to-create-scandinavian-focused-district-scale-gold-exploration-development-company/