Exploring for Precious and Base Metals in Northern Sweden Barsele Minerals Corp. (TSX.V: BME) Precious Metals Summit Beaver Creek, Colorado, USA September 20-22, 2018 1
Forward Looking Statements This presentation of Barsele Minerals Corp. (the “Company”) contains “forward -looking information” within the meaning of the United States “Private Securities Litigation Reform Act of 1995 ” and applicable Canadian securities legislation. Statements containing forward-looking information express, as at the date of this presentation, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and Barsele does not intend, and does not assume any obligation to, update such statements containing the forward-looking information. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans,” “projects,” or “projected,” “expects,” or “does not expect,” “is expected,” “estimates,” “forecasts,” “scheduled,” “intends,” “anticipates,” or “does not anticipate,” or “believes,” or variations of such words and phrases, or statements that certain actions, events or results “may,” “can,” “could,” “would,” “might,” or “will be taken,” “occur,” or “be achieved. ” Statements containing forward-looking information include, but are not limited to, statements with respect to the anticipated economic returns of any of the Company’s projects, the expected results from exploration activities, the economic viability of the development of newly discovered ore bodies, the accuracy of mineral resource estimates, future production levels, the requirements for additional capital, the results of drilling, and Barsele’s commitment to, and plans for developing, newly discovered and existing mineralized structures. Statements containing forward-looking information involve known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Barsele Minerals Corp. and its operations to be materially different from those expressed or implied by such statements. Such factors include, among others, the actual results of current exploration activities, future prices of silver and gold, unpredictable risks and hazards relating to the development of our projects, and the speculative nature of exploration and development. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward- looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended. There can be no assurance that any statements containing forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, undue reliance should not be placed on statements containing forward-looking information. CAUTIONARY NOTE TO US INVESTORS The United States Securities and Exchange Commission ("SEC") permits US Mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this presentation, such as "measured", "indicated", and "inferred" resources, which the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC. Any estimates of mineral resources shown in the Barsele Minerals Corp. presentation have been prepared in accordance with definition standards of the Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), which may differ from definition standards of the United States Securities and Exchange Commission ("SEC") Industry Guide 7. QUALIFIED PERSON All technical content found in the Barsele Minerals Corp. presentation has been reviewed & approved by Ben Whiting, MSc., P.Geo., Vice President Exploration of Barsele Minerals Corp. and a Qualified Person under Canadian NI 43-101 Standards of Disclosure for Mineral Projects. 2
It Takes a Team Belcarra Group Ba rsele’s management team, a part of the Belcarra Group, has the proven technical skills to discover & develop quality exploration projects that maximize shareholder value---the same team recognized for the discovery of Orko Silver Corp’s La Preciosa Silver-Gold Deposit in Durango, Mexico, amongst other discoveries. Board of Directors, Management and Technical Team Gary Cope President and CEO Director Ross Wilmot, C.P.A., C.A. Chief Financial Officer Director Ben Whiting, M.Sc., P.Geo. Vice President – Exploration Art Freeze, P.Geo. Geologist Director Alex Tsakumis, B.A. Vice President of Corporate Development Steve Cope Senior Director of Business Development Dale Brittliffe, P.Geo. Technical Advisor Rick Sayers, CPA, C.A. Director W. (Harry) White, M.B.A. Director 3
Share Structure and Share holders Capital Structure Barsele Minerals Corp Shares Outstanding 119.3M Listing TSXV Warrants (all exercised as of Mar 31st) 0.0M Symbol BME Options (avg. price $0.38) 10.5M 52 Week Hi-Lo $1.03/$0.52 Fully Diluted Shares 129.8M Current Price $0.67 Notable and Major Shareholders Ownership Institutional 50% - US Global Investors - Ingalls and Snyder Brokerage Accounts - Donald Smith and Company - Earth Resource - Contrarian Group Fresnillo Mining 4% Institutional Management Corporate Retail Management 25% 4
Barsele Gold Project Storuman, Västerbottens Län, SWEDEN ➢ Located near Storuman, 600 km N of Stockholm ➢ Joint Venture partner Agnico Eagle ➢ 45% ownership of 48,360 hectares (120,000 acres) of mineral concessions ➢ Property is in the Fennoscandian Shield ➢ Host rocks are a part of prolific Proterozoic “Skellefte Trend ” , where it meets ‘Gold Line’ of Sweden ➢ In a region with current and past producers: Boliden, Kristineberg, Bjorkdal, Svartliden 5
Barsele Gold Project Sweden - an Exceptional Place to Develop a Mine ➢ Leading producer of metals in Europe, rich mining history ▪ Local and International mining companies actively investing ➢ Taxation incentives ▪ No mineral tax and 22% corporate tax ▪ Low mineral license costs & security of tenure ➢ Well developed access and infrastructure ▪ Power, rail, roads and water ▪ Skilled labour ➢ Low political risk ▪ Mature, well defined environmental & permitting process 6
Agnico Eagle - Joint Venture Summary ➢ Agnico Eagle owns 55% ➢ Agnico Eagle has an ➢ Share costs at a 70- Barsele owns 45% option to increase to 30 split 70% by taking the ➢ Agnico Eagle has paid Project to Pre- US$10M (US$6M upon Feasibility (Ongoing) signing and US $2M end of first and second year to Orex Minerals Inc.) ➢ Agnico Eagle agrees to spend minimum US $7M on exploration over 3 years (Completed) ➢ Orex Minerals Inc. holds a 2% NSR which can be All exploration costs prior to Pre-Feasibility covered by Agnico Eagle purchased for US $5M 7
Premier Partner - Agnico Eagle ➢ Name Recognition ▪ Top performing senior mining company ▪ Very active in M&A ▪ Strong management and technical team ▪ Well Capitalized ➢ Understand Region ▪ Successful operation at Kittila Mine in Lapland, Finland ▪ Knowledgeable and well connected staff already in Scandinavia ▪ Excellent community relations ▪ Additional Joint Ventures in Sweden 8
Highlights Positive Results To Date ➢ Agnico Eagle continues to aggressively explore the project. ➢ Drilling continues to connect and expand Avan, Central and Skirasen zones extending main area of mineralization to over 3km and to a depth of 925m. ➢ Deposit remains open in all directions. ➢ Ongoing Base of Till (BOT) sampling is outlining anomalous base and precious metals targets on unexplored areas of the property. ➢ Regional drilling at Risberget, yielded significant gold hits including 32.0m of 2.92 g/t gold and 1.0m of 248 g/t gold; mineralized area expanded from 250m to 1300m. ➢ Metallurgical testing in the gold zone yielded gold recovery rates of over 92%. ➢ New updated resource has expanded the grade and deposit. 9
Drilling Overview Norra VMS Deposit Main Gold Deposit Resource Area Agnico Eagle Drill Summary Year Meters Holes 2015 8,385 15 Risberget 2016 33,477 82 Gold Target 2017 58,281 123 Sub Total 121,860 223 2018 23,172 53 • As of July 2018 10
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