On February 9, 2024, Barsele Minerals Corp. closed the transaction. The company issued 300,067 Subscription Receipts at a price of CAD 0.15 per Subscription Receipt for gross proceeds of CAD 45,010.

In total, the company raised aggregate gross proceeds of CAD 1,212,360 pursuant to the Offering, having previously closed tranches on January 18 and January 26, 2024, that raised CAD 1,167,350. In connection with the closing of the final tranche, the company has agreed to pay a finder?s fee to certain finders in respect of those purchasers under the offering introduced to company by such finder. Subject to the approval of the TSXV, in connection with the closing of the final tranche, the company will hold in escrow finder?s fees of CAD 2,450 and 16,338 finder warrants payable to Research Capital Corporation.

In total, the company will pay finder?s fees of CAD 51,895.20 and 345,968 finder warrants in connection with the Offering. No insiders of company participated in the offering. The Offering remains subject to receipt of final approval of the TSXV.

The transaction included participation from 39 placees and 4 groups with aggregate pro group involvement of 800,000 shares. The TSX Venture Exchange has accepted for filing documentation with respect to Barsele's non-brokeredprivateplacement