Barsele Minerals Corp. – (TSXV: BME) (the "
Company" or "
LOI") with Agnico Eagle Mines Limited ("
Agnico Eagle") to acquire Agnico Eagle's indirect 55% interest in the Barsele Project (the "
Proposed Transaction").  The Company currently holds the remaining 45% interest in the Barsele Project and upon completion of the Proposed Transaction, would consolidate control of the Barsele Project.  The completion of the Proposed Transaction will be governed by the terms of a definitive agreement to be entered into between Barsele and Agnico Eagle.
Gary Cope, President, CEO and a director of the Company commented, "The opportunity to acquire a 100% controlling interest in the Barsele Project represents a tremendous milestone for Barsele.  We plan to significantly increase the drilling activity on the project with the goal of growing the current mineral resource estimates.  We are excited to start a new chapter in the development of the Barsele Project and are thankful to our joint venture partner Agnico Eagle for the work we have completed together. We now look forward to having Agnico Eagle as our largest shareholder."

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