Barsele grants stock options and applies to extend warrants

VANCOUVER, Oct. 30, 2015 /CNW/ - Barsele Minerals Corp. – (BME: TSX-V) ("Barsele" ) announces that it has granted 250,000 incentive stock options to a consultant to purchase 250,000 shares in the capital of Barsele at an exercise price of $0.20 per share and with a two year term. The options will vest immediately.

Barsele also reports that it has applied to the TSX Venture Exchange to extend the term of the warrants issued in connection with the plan of arrangement transaction completed September 23, 2015, currently expiring November 21, 2015.  Warrants to purchase 3,393,200 common shares at a price of $0.30 per share will be extended to expire on November 21, 2017, subject to TSX Venture Exchange approval.

About Barsele Minerals Corp.

Barsele is a Canadian-based junior exploration company comprised of highly qualified mining professionals. Barsele's main property is the Barsele Gold Project in Västerbottens Län, Sweden, a joint venture with Agnico Eagle Mines Limited.

ON BEHALF OF THE BOARD OF DIRECTORS

Gary Cope
President

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Barsele undertakes no obligation to update such statements, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

SOURCE Barsele Minerals Corp.

Barsele Minerals Corp. at [phone] x227, email [email protected] or visit our website at www.barseleminerals.com