Corporate Fact Sheet TSXV:BME OTCQB: BRSLF

A MEMBER OF BELCARRA GROUP MANAGEMENT LTD.

Actively exploring the Barsele Project, located on the western end of the Proterozoic "Skellefte Trend", a

prolific gold and massive sulphide deposits belt, intersecting the "Gold Line" in Northern Sweden

District-scale (+34,500 ha) land package

Existing high-grade, NI 43-101 compliant

in a tier-1 mining jurisdiction

multi-million-ounce gold resource

Access to infrastructure (power, rail, roads, water,

~324K oz Au grading 1.81 g/t Au (indicated)

skilled labour) in a region that is host to multiple

~2.1M oz Au grading 2.54 g/t Au (inferred)

current and past-producing mines

Exploration to date has only scratched

Led by a proven management team (part

the surface of this large orogenic gold

of Belcarra Group) with experience

and evolving VMS system

monetizing major discoveries

5.0 km of the 8.0 km gold hosting shear zone remains

Recognized for the discovery of Orko Silver Corp's La

underexplored (current resource only covers 3.0 km)

Preciosa Silver-Gold Deposit in Durango, Mexico,

amongst other discoveries

Fully funded through to a PFS with JV partner Agnico Eagle

45/55 JV with Agnico Eagle (operator) who has spent over $40M and drilled over 162,691 m since 2015

Mineral Resource Estimate (Feb 21, 2019)

Scenario

Indicated

Inferred

Cut-off

Tonnage

Grade

Contained

Tonnage

Grade

Contained

(g/t Au)

(000)

(g/t Au)

(000 oz Au)

(000)

(g/t Au)

(000 oz Au)

Pit

0.50

3,452

1.32

147

1,819

1.59

93

Constrained

Bulk

1.50

1,442

2.53

117

8,759

2.58

728

Underground

Selective

1.80

684

2.75

60

14,917

2.64

1,265

Underground

Total

5,578

1.81

324

25,495

2.54

2,086

Upcoming Catalysts

Highlight Drill Results

  1. Finalize negotiations with Agnico Eagle to become 100% owner of Barsele Project
  2. Drill 30,000 m within next 1-1.5 years with expectation to grow inventory
    Continue to explore the property with our
  3. highly skilled team, working toward an additional 2-2.5 million NI 43-101 compliant oz

Capital Structure

Ticker(s)

TSXV:BME, OTCQB: BRSLF

Share Price (as of November 1, 2022)

C$0.33

Shares Outstanding

137.29M

Basic Market Capitalization

~C$45.30M

Options (average price $0.62)

6.57M

Fully Diluted Shares

147.71M

Barsele Minerals Corp. (TSX.V: BME) (OTCQB: BRSLF)

Hole ID

From

To

Core Length

Au

Top-Capped

(m)

(m)

(m)

(g/t)

(at 20g/t Au)

AVA16005

221

227

6

16.2

7.28

367

393

26

2.22

2.22

AVA18003

253

262

9

35.72

5.58

258.45

258.7

0.25

1165*

80

AVA18003ext

491

491.65

0.65

647.3

34

CNT15005

31

32.3

1.3

79

37.45

CNT15007

448

449

1

128

40

CNT17006

340

365

25

5.34

5.34

NOR19008

56.00

68.00

12.00

11.04

9.91

NOR19009

48.00

58.00

10.00

8.86

8.8

SKI16001

130.85

140

9.15

7.07

6.66

SKI16011

192

211

19

6.42

2.74

SKI17003

517

567

50

3.1

2.89

596

600

4

60.18

14.68

SKI17007

386.9

388

1.1

101.7

29.97

SKI17016

495

509

14

12.6

5.55

E: info@barseleminerals.com / P: 604-687-8566

www.barseleminerals.com

Suite 300 - 1055 W. Hastings St. Vancouver, BC

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Barsele Minerals Corp. published this content on 02 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2022 12:04:03 UTC.